865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Almost Half of the Homes Sold in Farragut in March were CASH or At or Above List Price!

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Almost 1/2 (45%) of the homes sold so far in March in Farragut have been for cash or at/above their listing price (some both). We saw some sell for over $100K above their list price! I go over these sales in the video along with the breakdown of the sold prices and subdivisions. Lack of inventory and consistent demand is still pushing prices higher both in Farragut and most of East Tennessee. Don’t believe what you are hearing on the national news. For example, the national news reported that data through the end of February showed the first Year over Year reduction in the median sales price of homes nationally. However, in Knoxville, we saw a $30,000 increase in the median sales price compared to the end of February last year. Always remember, real estate is LOCAL and sometimes HYPER-LOCAL.

Have questions? Wondering what your home might be worth in today’s market? Contact the Troy Stavros TEAM with CornerStone Realty Associates today at 865-999-0925. We look forward to serving you!

Homes for sale in Farragut TN: 12813 Lebel Road

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Homes for sale in Farragut TN are hard to come by. Even more so in the sought-after Fox Run Subdivision. This beautiful home with a Stephen Fuller Southern Living floor plan is the one you’ve been waiting for. Gorgeous updated eat-in kitchen features vaulted ceilings, an abundance of granite counters for prep space and stainless steel appliances including a gas stove and farm sink. The main level also includes the owner’s suite with a wall of windows and access to the back deck. Owner’s bath has dual sinks, custom tub (easy replacement as it’s a standard-size opening) and walk-in shower. The main level also includes the formal dining room, office, and laundry room with utility sink. Upstairs you’ll find the 4 additional bedrooms and a bonus room. Outside you’ll love the privacy in the large backyard which includes a deck, patio, and gazebo with natural gas for a grill. During the warmer months you’ll enjoy Fox Run’s 2 pools, clubhouse, and play fields. For more information or to schedule a private showing contact Troy Stavros with CornerStone Realty Associates at 865-999-0925 today.

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Homes for sale in Farragut TN : 405 Battle Front Trail

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One of a kind and originally built as a personal custom home for an architect. You will fall in love with not only all of the space but the amazing use of it in this conveniently located Farragut home on just under 1/2 acre. Need multiple main-level bedrooms? Check! Need home offices or hobby rooms? Check! Find 5 bedrooms and 3 full baths on the main level alone, one being the owner’s suite. Total of 6 possible bedrooms PLUS two large bonus rooms! The open floor plan has an updated custom kitchen opening directly to the family room, formal dining, and grilling porch. Two totally separate upstairs areas with bonus rooms. Screened porch overlooks a private backyard. Immaculately maintained. Farragut Schools. This is a must-see home. Be sure to watch the video tour and 360 Virtual tour.

CLICK HERE to see other homes for sale in Farragut, TN

CLICK BELOW TO WATCH VIDEO TOUR

360 VIRTUAL TOUR

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2023 National Housing Market Forecast

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2023 Housing Market Forecast [INFOGRAPHIC] | MyKCM

Some Highlights

  • From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
  • If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023.

Contact the Troy Stavros TEAM at CornerStone Realty Associates at 865-999-0925 today.

Expert Forecasts on Mortgage Rates for 2022 and 2023

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If you’ve been thinking of buying a home in East Tennessee, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow?

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts.

Experts Project Mortgage Rates Will Stabilize

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the latest projections, mortgage rates are expected to hover in the low to mid 5% range initially, and then potentially dip into the high 4% range by later next year (see chart below):

Expert Forecasts on Mortgage Rates | MyKCM

That could bring you some welcome relief. So far this year, mortgage rates have climbed over two percentage points due to the Federal Reserve’s response to inflation, and that’s made it more expensive to buy a home. And wondering if the rise in rates will continue is keeping some prospective buyers on the sidelines.

But now that experts say mortgage rates should stabilize, this gives you a bit more certainty about what they think the future holds, and that may help you feel more confident about your decision to buy a home.

Bottom Line

Whether you’re looking to buy your first home in East Tennessee, move up to a larger home, or even downsize, you need to know what’s happening in the East Tennessee housing market so you can make the most informed decision possible. Let’s connect to discuss your goals and determine the best plan for your move.

Have questions or want to talk about buying or selling a property in East Tennessee? Contact the Troy Stavros TEAM today at 865-999-0925. We look forward to serving you!

East Tennessee home for sale on acreage with Monster Man Cave

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Unique custom-built contemporary home situated on 7 acres of complete privacy with a monster man cave but only 1 mile from HWY441 in Seymour. Bring your horses, RV, and all of your toys.

The main house features 2 bedrooms on the main level. Upstairs you’ll find the oversized owner’s suite with an 18’ cathedral ceiling, fireplace insert, and its own private office with a wall of windows overlooking the wooded backyard. One more additional room with a private bath upstairs.

Natural light streams into the great room with a fireplace focal point with 20’ ceilings and large windows. The space flows into the attached sunroom and out onto the nearly 800SF multi-level deck where you can relax and watch the abundance of wildlife. As it backs to the woods this space creates a very quiet, shaded, and private personal space for morning coffee or outdoor dining. Entertaining comes naturally to this home.

The kitchen with an island features an abundance of custom Alderwood cabinetry with a matching built-in L-shaped booth and table plus a step-in pantry. Unfinished basement plus encapsulated crawlspace.

Now the moment you’ve been waiting for.. 4000SF detached garage/barn. 1500SF finished garage space with 2 roll-up doors (220V wired). 1000SF stable area with 2 stalls, tack, or storage office with doors on both ends and 30’ tall (attention RV owners) and storage lofts. 1500SF upstairs with 2 large finished rooms set for HVAC. 

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