Tellico Village Archives - 865 Real Estate

Understanding the Current Market Dynamics

As we close out 2023, it’s essential to reflect on the real estate trends in Tellico Village. The year has been an interesting one for both buyers and sellers in this vibrant community. This article offers a comprehensive overview of the housing market in Tellico Village as of December 2023, comparing it to the previous year’s data and understanding the implications for those looking to buy or sell in this area.

Year-Over-Year Analysis

The data from December 2023 offers valuable insights when compared to December 2022. Understanding these trends is crucial for homeowners considering selling their property and potential buyers planning to invest in Tellico Village.

Market Trends: We’ve seen significant shifts in the market dynamics from December 2022 to December 2023. These changes provide a clear picture of the current market state and what to expect in the upcoming months.

Comparative Analysis: By juxtaposing last month’s data with the latest figures, we offer a detailed analysis of the market’s trajectory. This comparison is critical for making informed decisions in the real estate sector.

Key Metrics and Their Implications

The detailed breakdown of the December 2023 data sheds light on crucial market metrics:

Housing Prices: Whether there has been an increase or decrease in the average home prices in Tellico Village.

Inventory Levels: The number of available properties and how it compares to previous periods.

Market Demand: Insights into buyer demand and how it’s shaping the market.

Sales Trends: Analysis of sales figures, including the number of homes sold and the average time on the market.

What This Means for You For Sellers: Understanding these metrics helps in strategically positioning your property in the market. Whether it’s pricing, timing, or marketing, the data guides sellers in making effective decisions.

For Buyers: Potential buyers can gauge the best time to make a purchase based on market trends. This information is vital in negotiating deals and finding the right property.

For Current Homeowners: Stay informed about your property’s value and the overall health of the Tellico Village real estate market.

Conclusion

As we move into 2024, staying informed about the Tellico Village housing market is essential. Whether you’re looking to buy, sell, or simply keep up with market trends, understanding the current dynamics is key. For more detailed information and personalized advice, feel free to contact Troy Stavros at Cornerstone Realty Associates today at 865-999-0925.

Whether you are coming off a day on the golf course, lake, or just enjoying any of the other vast amenities of Tellico Village, coming home will be a pleasure. Vast amounts of living and entertaining space are packed into this one level home. Sit with friends in the extra large family room/dining area or kick back with your favorite beverage on the screened porch that spans the entire home with access from the kitchen area and owner’s suite. In the winter this screened porch offers nice mountain views. The owner’s suite offers 2 large walk -in closets and an updated bathroom with jetted tub and separate shower plus 2 vanities. Have pets? You’ll love the rare fenced in yard! Minutes from everything Tellico Village is known for. Golf, lake, dining, social clubs, fitness, and friendships.

Contact me, Troy Stavros with Gables & Gates, REALTORS today to schedule your showing.

201 Chahyga Circle, Loudon, TN 37774

$172,000

Property Type: Single Family Bedrooms: 3 Square Footage: 1,686 Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $172,000 List Date: 6/04/2016 Last Modified: 9/28/2021

Description

MOTIVATED OUT OF STATE SELLER! Vast amounts of living and entertaining space are packed into this one level home. Sit with friends in the extra large family room/dining area or kick back with your favorite beverage on the screened porch that spans the entire home with access from the kitchen area and owner's suite. In the winter this screened porch offers nice mountain views. The owner's suite offers 2 large walk -in closets and an updated bathroom with jetted tub and separate shower plus 2 vanities. Have pets? You'll love the rare fenced in yard! Minutes from everything Tellico Village is known for. Golf, lake, dining, social clubs, fitness, and friendships.

More Information MLS# 967360

Location Tax Legal Info

House #: 201 Street Name: Chahyga St Suffix: Circle State/Province: TN Zip Code: 37774 PIN #: 050m E 017.00 Subdivision: Chota Hills Geo Lat: 35.699601 Geo Lon: -84.26601

Contract Info

Auction Y/N: No Listing Price: 177900 Current Price: $172,000 Status: Closed Listing Date: 2016-06-04

General Property Description

Type: Ranch Acres: 0.31 Site Built: Yes Restrictions: Yes SqFt - Total (Aprox): 1686 SqFt - Main Lvl: 1686 # Bedrooms: 3 Baths - Full: 2 # of Rooms: 6 Fireplace: No Property Status: N/A HOA: Mandatory HOA Fee: 106.75 HOA Freq: Monthly HOA Contact: . Year Built: 1989 Bonus Room: No

Status Change Info

Status Change Date: 2016-11-11 Under Contract Date: 2016-10-22 Sold Date: 2016-11-04 Sold Price: $172,000

Sewer

Sewer Info: UTILITY

Water

Water Info: UTILITY

Property Features

Style: Traditional Construction: Frame Siding: Cedar Basement: Crawl Space Lot Description: Corner Lot; Golf Community; Level Fireplace: None Floors: Carpet; Hardwood; Tile Fuel: Electric Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Smoke Detector Other Rooms: Bedroom Main Level; Family Room; Mstr Bdrm Main Level Misc Features: Cathedral Ceiling(s); Internet Available; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Whirlpool Tub; Wired for Internet Exterior Features: Deck; Fence - Wood; Fenced - Yard; Porch - Covered; Porch - Screened; Prof Landscaped; Windows - Insulated Dining Area: Eat-in Kitchen; Formal Dining Area Community Amenities: Architect Restricted; Boat Ramp; Club House; Exercise Room; Golf Course; Lake/Water Access; Picnic/Barbeque Area; Playground; Putting Greens; Rec Facilities; Swimming Pool; Tennis Courts Association Fee Incl: Some Amenities New Financing: Cash; Conventional; FHA; New Loan; USDA/Rural; VA Loan

Room Information

Family Room Room Level: Main Kitchen Room Level: Main Eat In Breakfast Area Room Level: Main Master Bedroom Room Level: Main Bedroom 2 Room Level: Main Bedroom 3 Room Level: Main Dining Room Room Level: Main Garage Room Level: Main

Listing Office: Gables & Gates, REALTORS

Office Phone: 865-777-9191

Last Updated: September - 28 - 2021

201 Chahyga Circle, Loudon, TN 37774- MLS# 967360

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Tellico Village Housing Market Update: December 2023 (plus a year in review)

201 Chahyga Circle in the Tellico Village Chota Hills S/D