865 Real Estate

East Tennessee Real Estate & Neighborhood Source

Luxury Southern Living Charm on 1.94 Acres in Deep West Knoxville

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Luxury Southern living charm on 1.94 acres in deep West Knoxville located at 313 Wooded Lane, Knoxville, TN 37922. Every time you come home on the quaint country road with 4 board fences (yet still minutes from Kingston Pike and the highway) and turn onto the private cul-de-sac street, you’ll look forward to pulling onto your long driveway flanked by Crepe Myrtles & Dogwoods with your private sanctuary located at the end. Whether it’s relaxing by the custom firepit overlooking your property, playing frisbee golf on your private 3-hole course or relaxing on the covered back porch with your feet up watching your favorite movie in front of the roaring fireplace, this is the home you’ve been looking for. Over 4000SF with 4 total bedrooms (3 on the main level) plus an oversized bonus room. Everything you’ve been looking for and so much more.

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Homes for sale in East Tennessee : MAY Knoxville TN Housing Market Update

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All of the data is in through the end of May. Let’s take a look at what’s happening in the East Tennessee housing market.

In today’s video we dive into the East Tennessee real estate data for the month of May 2022 to see how the East Tennessee housing market is doing compared to one year ago. We will look at the inventory of active homes for sale in East Tennessee. Homes for sale in Knoxville TN, homes for sale in Farragut TN, homes for sale in Knox County TN, homes for sale in Loudon County TN, homes for sale in Anderson County TN, homes for sale in Roane County TN, homes for sale in Blount County TN, and homes for sale in Sevier County TN. We will also at what has happened to the median sales price of homes over the last year in those areas of East Tennessee. We will discuss the real estate data and how it affects buyers and sellers in today’s East Tennessee housing market.

Here is some basic real estate data and news in regards to the East Tennessee housing market not covered in the video:

  • Mortgage rates continue to rise as financial markets anticipate U.S. monetary policy changes amid higher-than-expect inflation. The 30Y FRM finished 2021 at 3.11% but remained well above 5% throughout the month of May.
  • Knoxville’s rental market occupancy rate hovered around 98.8% in Q1 2022, more than a full percentage point above the 97.5% occupancy rate nationally. Effective rents in the Knoxville metro area (MSA) were up 19.21% year-over-year as of April 2022, significantly higher than the 15.23% rate nationally.

  • Have questions or need help in today’s crazy East Tennessee housing market? Contact the Troy Stavros team at CornerStone Realty Associates at 865-999-0925 today. We are here to serve you!

History Proves Recession Doesn’t Equal a Housing Crisis

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Some Highlights:

-It’s important to understand history proves an economic slowdown does not equal a housing crisis.

-In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008.

If you have questions, let’s connect to discuss why today’s housing market is nothing like 2008.

Condo Close to the University of Tennessee – Woodlands of Knoxville

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A great buy for a professional, investor or to house your student and take advantage of price appreciation over the next 4 years in the Woodlands of Knoxville. Self manage or have the Woodlands manage the rental for you (there’s currently a waiting list of renters looking to get in!) Just minutes from UT/UT hospital, & downtown. Gated community with onsite security, 5 Resort-Style swimming pools, stadium seating movie theater, cardio-weightlifting studio & tanning salon, lounge, computer center with Wi-Fi, practice putting green. Tennis, volleyball & basketball courts, outdoor fireplace, dog parks, & shuttle to campus, late night & GAME DAY!! TOP FLOOR! 2BR, 2 Full BA, LR/DR combo. Kitchen with refrigerator, microwave, dishwasher, range & pantry plus a laundry room with full size washer/dryer. Storage closet outside.

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Homes for sale in East Tennessee : MARCH 2022 Housing Market Update

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In today’s video, we dive into the East Tennessee real estate data for the month of March 2022 to see how the East Tennessee housing market is doing compared to one year ago.

We will look at the inventory of active homes for sale in East Tennessee. Homes for sale in Knoxville TN, homes for sale in Farragut TN, homes for sale in Knox County TN, homes for sale in Loudon County TN, homes for sale in Anderson County TN, homes for sale in Roane County TN, homes for sale in Blount County TN, and homes for sale in Sevier County TN. We will also look at what has happened to the median sales price of homes over the last year in those areas of East Tennessee. We will discuss the real estate data and how it affects buyers and sellers in today’s East Tennessee housing market. We discuss the extremely hot market for real estate investing in Sevier County and the areas of Gatlinburg, Pigeon Forge and the Smoky Mountains.

Here is some basic real estate data and news in regards to the East Tennessee housing market not covered in the video that covers the housing market ending in 2021 and the last few months:

Seasonally adjusted home sales in the Knoxville TN Area declined 6.1% in March despite continued year-over-year gains.

Key Highlights:

-Knoxville, TN area home sales were strong in March — up from the prior month and 13% from a year ago.

-Median home sales price in East Tennessee was $301,880 in March — up 21% from a year ago.

-Total housing inventory in Knoxville TN declined for the sixth consecutive month — down considerably from a year ago and enough to last less than one month at the current sales pace.

-Half of the homes sold in Knoxville TN in March were on the market for less than 4 days.

Bottom Line: Seasonally adjusted home sales in East Tennessee declined for the fourth consecutive month, a clear sign that lack of supply is constraining the market and hampering further gains. Rising sale prices in Knoxville TN combined with further median DOM decreases suggest demand remains high — and likely to remain elevated throughout the year. At this point, there are no indications that supply will rise in the short term.

A scientific poll commissioned by KAAR (Knoxville Area Association of REALTORS) in March shows more than 1 in 3 registered voters — 34 percent — indicated housing affordability in the Knoxville TN area was a very or fairly big problem. 28 percent said the same about housing availability. That being said, Urban Land Institute’s Terwilliger Center Home Attainability Index for 2021 ranks Knoxville, TN as the 5th most affordable region in the United States.

In their latest migration trends report comparing cities across the country, U-Haul ranked Knoxville No. 7 on its list of top 25 U.S. growth cities.

Have questions or need help in today’s crazy East Tennessee housing market? Contact the Troy Stavros team at CornerStone Realty Associates at 865-999-0925 today. We are here to serve you! #chimein #888388DOOR

South Knoxville home for sale! 3700 S. View Circle, Knoxville, TN 37920

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Amazing layout! Located in South Knoxville with easy access to Downtown Knoxville, McGee Tyson Airport, and less than an hour drive to Smoky Mountain National Park, Pigeon Forge, and Gatlinburg. Enter through the front door to soaring ceilings and a winding staircase. Just off the foyer is access to the main level owner’s suite featuring vaulted ceilings and a bath with a whirlpool tub, separate shower, dual sinks, and a large walk-in closet. At end of the foyer, you enter the two-story great room with a wall of windows giving off an abundance of natural light. Access the oversized deck from the great room and see the rolling hills of Tennessee in the distance. A formal dining room with more windows is located between the great room and the eat-in kitchen. Upstairs you’ll find 3 additional bedrooms and a bonus loft that looks out over the great room. Amazing opportunity to expand with another 1560SF in the unfinished, framed, plumbed walkout basement. This place has showplace potential!

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