CURRENT MARKET CONDITIONS-- Real Estate sales activity in Dandridge are still fairly strong, though we are seeing some of the national slowing many markets are experiencing, but foreclosures are few and far between in the area. From entry level homes to the higher end of the market, properly priced homes are only on the market from 3-6 months for the most part. Land sales which were setting records for sales last year have slowed but are still strong so far this year. Many buyers seeing the extremly good values right now are planning for future growth and appreciation by buying now.The Dandridge area is a small but very diverse area. It offers not only "On the lake living" and it's lakeside lifestyle, but also that "Country living City close" feel. Lakefront homes and Land have still been going up in price over last year as demand stays strong and supplies dwindle. Demand is still out stripping supply for the most part and putting upward pressure on prices. A Lakefront home if priced fairly can be under contract in days, as is the case with many lakefront lots. Prices on most are fetching 10%+ more than last years market. The area has a good supply of affordable homes close to the lake, and since Douglas Lake offers many free lake access launches and Marinas, getting on the lake takes only minutes. Newer Homes in these non lakefront areas start in the range of $125,000 to $175,000 for a nice 3 Bd/2Ba family sized home. Whereas the same size home at lakefront starts at $350,000 and up. Good "strong water" lake lots are also becoming harder to find and ranging from $200,000 to up $400,000 Lots on smaller coves are still in the range of $100,000 and up. Many people are taking the route of buying lake view properties instead of Lakefront and use the many Marinas in the area as their Lakefront access. We've also seen strong sales in acreage over the past 2 years from those looking for "Mini farm/Horse properties" and still have many to offer in the area. I work closely with several developers on new acreage size tracts, as well as new lakefront communities offering both lots and condos. Being located only 30 minutes from Knoxville, Pigeon Forge and Gatlinburg has made this area very attractive to investors and owners alike. Contact me today to find out how I can help you find your dream home, condo or land at prices still much lower than comparable properties in many other parts of the country. As the areas only Certified New Home Specialist® I work with my land buyers in all the various phases of new home construction. Please call me at 865-368-2390 Direct or visit one of my many websites to view properties you may find of interest.
ZIP Code: 37725 Approximate Location Boundaries: Within a 50 + mile radius, serving 6 counties
Location Characteristics: A charming 200+ year old town located on the banks of Douglas Lake within a 30 minute drive to Knoxville and all the attractions found in Pigeon Forge, Gattlinburg and the Smokies. A good mix of homes ranging from smaller retirement or starter homes to large lakefront homes. Also an area with still a good deal of vacant land on which to build that dream house. Prices on new homes range from $100,000 to over $1,000,000
About Denis Savard:
Serving my clients needs in the Lakeways area by using all the tools available in todays new technology market. Specializing in home and land sales, investment properties and tax exchanges. Striving to provide a level of professionalism and expertise while taking the pressures off my clients minds and providing a levelsof personal service beyond thier expectations. CRS®,e-Pro Realtor® Certified New Home Specialist® Call me today and let me show you how I take the hassles out of buying or selling
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
