865 Real Estate

East Tennessee Real Estate & Neighborhood Source

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

By

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

Homes for sale in West Knoxville – 6536 Airtree Lane, Knoxville, TN 37931

By

OPEN HOUSE THIS SUNDAY FROM 12-5PM! This will be the first available time to see this home so make plans to come out! Located at 6536 Airtree Lane, Knoxville, TN 37931. Super cute 2 story home tucked away in convenient West Knoxville location close to shopping, schools, etc. 3-minute walk to the neighborhood pool and clubhouse. Newer updates include a covered patio overlooking the completely fenced backyard and an updated HVAC system. Inside you’ll enjoy hardwood floors, crown molding, and a fireplace in the large family room. The kitchen with island features quartz counters, custom backsplash, and stainless steel appliances. An oversized formal dining room/flex space finishes off the main level. Upstairs you’ll find the owner’s suite complete with tray ceiling and a bath with updated shower with glass door, as well as double vanities, garden tub, and a walk-in closet. 2 additional bedrooms up plus a large bonus room which could serve as a 4th bedroom. OFFERED at $350,000.
Have questions or want to schedule a private showing? Contact the Troy Stavros TEAM at CornerStone Realty Associates at 865-999-0925

Error loading content

6104 Seabury Court, Knoxville, TN 37931 – Homes for sale in Karns TN

By

CLICK ABOVE TO WATCH THE VIDEO TOUR! One level living PLUS completely separate living quarters (which includes it’s own kitchen, family room, bathroom, bedroom, and laundry!) Total of 4 bedrooms and 3 full baths. Located on a cul-de-sac street in Karns, just minutes from shopping, restaurants, and Karns schools.

Error loading content

723 Bryant Terrace, Powell, TN 37849 – Homes for sale in Powell TN

By

CLICK ABOVE TO WATCH THE VIDEO TOUR! Super convenient location is just minutes from shopping, restaurants, and the interstate. Hard to find custom 1.5 story home in the heart of Powell featuring a split floor plan with 3 BEDROOMS ON THE MAIN LEVEL plus a 4th bedroom and bonus room upstairs. Vaulted ceilings make the space feel open and airy. The large owner’s suite has a tray ceiling and updated bath with custom tile shower with glass door, whirlpool tub, and granite counter with double sinks. Plenty of room to play or entertain as you step out back to the screened porch and separate open deck area. Both overlooking the flat, fenced backyard. All of your parking needs are met between the 2 car garage and extra large concrete driveway that is suitable for parking an RV or camper. Zoned for all Powell Schools. USDA Eligible!

Error loading content
Error loading content

Cheap houses for sale in Knoxville TN: 2017 Harris Road, Knoxville, TN 37924

By

WATCH THE WALK-THRU VIDEO ABOVE OR TAKE A 360 TOUR OF THE PROPERTY BELOW (best results are FULL SCREEN on a desktop!)

Looking for cheap houses for sale in Knoxville TN? That's a tall order, but I'm serving you up a great one right now! How about 2 lots in 1? This super cute home is located on .75 acre with a completely open space fronting the street of approximately .33 acre. Build another large garage or subdivide and build another house! The home features a rocking chair front porch for sipping that morning coffee. Inside there's a big, updated eat-in kitchen with an island and expansive solid surface countertops, new stainless steel appliances, and cabinets galore. Plus an updated bathroom with a custom tile shower. Original hardwood floors, and updated tile. HUGE laundry, utility room that could possibly make a 2nd bedroom with a private entrance and an extra-large sunroom and deck overlooking the expansive yard. Circular driveway and extra large detached 1 car garage plus a separate storage shed. Convenient to all areas of Knoxville because it's just minutes to the interstate. Need help finding cheap OUR OF THE PROPERTY BELOW!
(this works best on a desktop computer where you can go full screen)
Error loading content