Knoxville Home Sales Report: June 2017

chart (3).png

 

Deep Thoughts

  • Sales were literally almost off the chart in June. I'm going to need a bigger chart. 
  • Inventory was only slightly down month over month and active listings are flat, so homeowners definitely started listing their homes again in June, which is a good thing. 
  • Rates are still under 4% and THDA money is still available in several Knoxville area zip codes (37914, 37917, 37912, 37921, among others).
  • Multiple offers are the new black, and they are causing prices to go up.
  • Speaking of prices, they are way up all the way across the board, sometimes astonishingly so. I don't want to be "that agent," but with sales and prices skyrocketing up, I can't help but think that what comes up must go down...
  • Am I the only one on the edge of my seat about how the second half of this year is going to pan out? Will sales and prices keep going up? Will rates stay down? Will we finally find out who shot J.R.? Stay tuned! 

All information provided by KAAR (Knoxville Area Association of Realtors). My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Welcome Our New Agent: Jim Bristow

After spending more than a decade delivering and managing IT and Healthcare services in corporate America, Jim felt the urge to take his talents local and act on a long time desire to pursue a career in Real Estate.  As a client facing professional, Jim’s philosophy to customer service excellence blends subject matter knowledge with deliberate communication, hard work and precise execution.

Originally from coastal Virginia, Jim holds a Bachelor's degree in History and a Master’s in Business Administration.  After moving around the Southeast completing their respective educations and pursuing career opportunities, Jim and his wife settled in Knoxville where she is tenured faculty at the University of Tennessee.  They live in Sequoyah Hills with their two high maintenance, but well loved rescue dogs.  Outside of his passion for Real Estate, History and things of old, Jim likes to sail, ponder the next DIY project for his home and tries real hard to avoid those foods that doctors say are bad for us.

Knoxville Home Sales Report: May 2017

It's officially summer and the home sales are hot! That's right, the May Homes Sales Report numbers from the Knoxville Area Association of Realtors (my people call it KAAR) are here and the lines on those charts are interesting indeed. Want to see how the greater Knoxville area is besting national real estate trends? Let's go!

What's Hot

  • Sales : Holy dotted line, Batman! Those sales are busting out of the chart!
  • Prices: Up, up, and away! Prices are still on the rise. 
  • Appraisals: Keep the nerve pills coming: prices are rising faster than is normal and appraisers aren't always having it. 
  • Rates: Still under 5% for now, but the Fed is gonna do what the Fed is gonna do. 
  • THDA Grant Money: Still out there, still waiting for you first time buyers. 
  • Impulse Buying: Get it before it's gone.  

What's Not

  • Inventory: Again, keep the nerve pills coming. We are currently under a 4 month supply of housing stock. 
  • Affordable housing stock: OK, maybe I should switch to chamomile tea. It's hard to find, y'all. 
  • Overpricing: It's happening and it's not pretty. 
  • Waiting to list/make an offer: The time is now. Strike while the iron is hot!

Deep Thoughts

  • National sales may be up 1.1% month over month, but sales in the Greater Knoxville area were up 23% (twenty three percent). Talk about holy guacamole, that's a lot of avocados!
  • However...inventory in the greater Knoxville area was down 19% month over month vs. the national average of 8.4%. Again I say, sales can't keep going up with inventory going down even faster. Oh, June, you will be interesting, won't you?
  • Speaking of low inventory... Yes, it's a seller's market. Yes, home prices are up. No, homes will STILL not sell at irrational prices because of those factors. Trust me. There are homes sitting on the market because of pricing. 
  • We're in uncharted waters, you guys. And from the looks of these charts, we might need a bigger boat by July. 

All information provided by KAAR (Knoxville Area Association of Realtors). My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Welcome Our New Agent: Matthew Lawson

Matthew moved to Knoxville in 2005 to launch an equestrian training program and fell in love with the area and the people. His experience combined, with the resources of Trotta Montgomery will make buying or selling your home a great experience.  

Matthew is an avid outdoors-man and can often be found at the farmer’s market, Mead’s Quarry sup boarding with his dogs, supporting local events, or foxhunting with Tennessee Valley Hunt.

As an equestrian professional, his specialty has been finding his clients the perfect horse. Now, as a real estate agent, he helps his client find the perfect home. Matthew knows how hard relocation can be and his decade worth of local knowledge will serve as an asset to buyer’s and sellers. Matthew’s specialty is equestrian real estate, but he also has a passion for fine architecture and unique residences. 

Knoxville Home Sales Report: April 2017

Knoxville Home Sales Report: April 2017

We're almost halfway through the year, but the April home sales numbers are just now out for us to take a gander at, and boy howdy, do they tell a mighty interesting story! Let's all gather round Grandma Trotta while she tells the tale of the KAAR Greater Knoxville Area home sales numbers from April 2017!

Read More

Welcome Our New Agent: Chris Garvey

Chris and his wife chose to relocate to East Tennessee from San Diego in 2008 because of its four distinct seasons, numerous recreational opportunities, and the overall quality of life. 

With a B.A. in Psychology from UCLA as well as a teaching credential and certificates in cabinetry and furniture construction, Chris has worked as a university administrator, elementary school teacher, cabinet maker, and a stay at home dad before becoming a Realtor. Working on his own home and rental property has given him a greater appreciation of those details that can make a house a home, give it character, and make it unique. He believes that while houses are bought and sold, homes are created through vision and hard work. Chris is dedicated to helping his clients meet their real estate needs, whatever they may be.

When not working for you he can be found remodeling his own properties, coaching his sons in soccer, and enjoying life here in East Tennessee.

Welcome Our New Agent: Laurel Strozier

Laurel was born and raised in Knoxville.  She has lived, worked, and played in many of its unique neighborhoods and green spaces, making her an excellent choice for helping you plant your roots in the area or to attract buyers for your home.  After graduating from Maryville College with a B.A. in International Studies, she worked as an English Professor at the National Agricultural University in Honduras for two years.  Since returning to Knoxville, she has worked as a Spanish medical interpreter in early childhood development, obstetrics, and dentistry.  After buying her first house, Laurel developed a passion for real estate and now owns several rental properties.  Her goal is to help Knoxvillians achieve their homeownership dreams, especially Spanish speakers.

Laurel enjoys reading, playing tennis, cuddling with her two cats, and has a seriously impressive house plant collection.

Knoxville Home Sales Report: March 2017

Knoxville Home Sales Report: March 2017

It's only April, but it's hotter than July outside...maybe the Knoxville housing market is heating things up? Yep, these numbers are pretty spicy, so grab some sunscreen and protective gear as we break down the greater Knoxville area home sale report numbers from the Knoxville Association of Reators (all the cool kids call them KAAR). To the charts!

Read More

Local Lore: Park City Branch Library

Local Lore: Park City Branch Library

With credit due for decisions made by the City Council of 1929 and 1930, this Sixth District building, on the corner of E. Magnolia Avenue and Chestnut Street, was completed as the new Park City Branch of the Lawson McGhee Library in the Summer of 1931. Construction costs were $28,500 then, about $427,379 in 2017 dollars.

Read More

Knoxville Home Sales Report: Janurary 2017

Knoxville Home Sales Report: Janurary 2017

Nothing cooled down this winter, including the Greater Knoxville Area real estate market. The year ended on a great note in December, but let's take a look at how we're starting off 2017! Please to enjoy the following beautiful charts with data from the Knoxville Area Association of Realtors (nom de plume, KAAR). To the charts!

Read More

Welcome Our New Agent: Mark Harrington

Mark and his family moved to Knoxville from Southern California to pursue a dream: slowing down the pace of life. After graduating summa cum laude from Vanguard University of Southern California, Mark has experience in Marriage and Family therapy as well as entrepreneurship. Becoming a real estate agent was another dream of Mark’s. He loves working alongside and assisting people in realizing their hopes, pursuing their own dreams, and building their lives.

In addition to raising two daughters with his wife, Mark enjoys hiking, podcasts, playing guitar, fixing pretty much anything he can, and playing with his cat, Cat.

Knoxville Home Sales Report: September, October, & November 2016

Knoxville Home Sales Report: September, October, & November 2016

Hey, girl, hey! Hey. Yeah, so... I'm a little behind on this here home sales stuff. And yeah, I'm kind of embarrassed about it. But the good news is this: I'm gonna catch you up in a jiffy! First let's take a look at the charts (with info courtesy of the Knoxville Area Association of Realtors, secret service code name, "KAAR." Ready? Set. Go!

Read More

Knoxville Home Sales Report: June 2016

Knoxville Home Sales Report: June 2016

It's almost time to go back to school, but that doesn't mean that I'm finished schooling you on the Summer Selling Season. We're almost through July, so that means the June numbers are out, and they are HOT. How hot? Well, join me as we explore the Knoxville Home Sales Report numbers from the Knoxville Area Association of Realtors (aka KAAR), won't you?

Read More

Knoxville Home Sales Report: April and May 2016

Knoxville Home Sales Report: April and May 2016

Whew, lawd! I'm not entirely sure what happened to the last two months, because all I've been doing is slingin' houses down in the real estate mine. And let me tell you, that mine is drying up, folks (can a mine dry up, I'm going to say yes). So to get caught up, let's cut the jibber jabber and take a jaunt through the April & May home sales numbers from the Knoxville Area Association of Realtors (miner nickname, KAAR). To the charts!

Read More

Knoxville Home Sales Report: March 2016

Knoxville Home Sales Report: March 2016

I never meant to cause you any sorrow. I never meant to cause any pain. I wanted one time was to see you laughing. I only want to see you laughing about the dotted purple line on these charts for the March 2016 Home Sales Numbers from the Knoxville Area Association of Realtors (the real estate board formerly known as KAAR). 

Read More

The Top 5 Most: Expensive Home Sales in West Hills

The Top 5 Most: Expensive Home Sales in West Hills

Location:  West Hills is located in West Knoxville just north of Kingston Pike and south of Middlebrooke near West Town Mall. It is a walkable neighborhood with sidewalks on main roads.  West Hills Elementary is located within West Hills, as are churches, West Hills Park, greenways, and the West Side YMCA. 

Read More

Knoxville Home Sales Report: January 2016

Knoxville Home Sales Report: January 2016

Hellooooo, 2016! My, you're looking fine! Inventory's low, sales are....well, you need to take a look a these charts for yourself and then read the breakdown of the Knoxville Area Association of Realtors (the artist formerly known as KAAR) January 2016 sales numbers for the greater Knoxville area.  Go!

Read More