real estate

Welcome Our New Agent: Daphne Hill

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Daphne Hill, Affiliate Broker


865-770-1884
daphne@trottamontgomery.com

Daphne is currently enjoying a Tennessee homecoming. Having grown up in the Norris/Lake City area, and after a living a number of years out of state, she is thrilled to call East Tennessee home again.

With a B.F.A. in Drawing from UT Knoxville, and an M.F.A. in Painting from Claremont Graduate University in Claremont, CA, Daphne’s background is in art and art education. She has taught painting and drawing to students from kindergarten to college and beyond. She has taught a number of special needs children and adults, and found her interactions with these students incredibly fulfilling. Daphne also taught inmates in a men’s maximum security prison in San Diego. This was a profoundly rewarding experience, and one that has helped shape her perception of people and the power of art, communication, and connection.

Daphne brings creativity, integrity, and heart to everything she does. She is committed to making your home buying or selling experience as smooth and positive as possible.

Daphne lives in her hometown of Norris with her husband, dog, and 2 cats. She has 2 grown sons, who are attending colleges on the West Coast. She enjoys spending time with family and friends, painting, and traveling

Knoxville Home Sales Report: June 2018

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DEEP THOUGHTS:

It's been a minute since June, and we've all felt the market cool a bit. However, June was hotter than July (possibly). 

1. Inventory was still historically low, if flat month over month. 
2. Closings were still historically high, if flat month over month. 
3. Prices were WAY up in June. The average price for a 3 BR home went from about $173,000 to $199,000 year over year. 
4. So far closings have closely tracked just above 2017. It will be interesting to see if we have that somewhat seasonal July dip and that HUGE August jump this year as well.

 *All information provided by KAAR (Knoxville Area Association of Realtors) and is for the greater Knoxville area including Knox County and surrounding counties. My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Knoxville Home Sales Report: April 2018

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Deep Thoughts

  • Is this a seller's market or the new normal? I'm seriously starting to wonder. 
  • Inventory continues to be issue number 1. Only homes with major condition or location issues are not going into multiple offer as soon as they hit the market. 
  • Rates are remaining steady under 5%, meaning it is most likely still cheaper to buy than rent (if you can find a house to buy(. 
  • Prices are up across the board again, which is no surprise with buyers competing over almost every single listing.   
  • Appraisals are still not a lot of fun and are causing agents and sellers to practice holding their breath. 
  • Again, I say, is this the new normal? With more and more people moving to Knoxville and with our attractions and infrastructure growing, we may be getting some big city real estate problems. 

 *All information provided by KAAR (Knoxville Area Association of Realtors) and is for the greater Knoxville area including Knox County and surrounding counties. My opinions are just that: opinions. I'm not really an expert in anything, but I do like to write about real estate. 

Knoxville Home Sales Report: March 2018

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Deep Thoughts

  • It's still a strong sellers market. Don't worry, buyers, this too shall pass. 
  • I have 99 problems, and only 1 listing. Seriously, there are no listings and that's making a lot of problems.  
  • The Fed bumped rates, but are still pretty low. However, they are saying they are going to get more aggressive raising them as the year goes on. Like I said, buyers, this too, shall pass. 
  • Prices are up across the board: supply, demand. You know the drill. 
  • Appraisers haven't quite gotten the supply/demand memo, and even though the market will bear higher prices, some appraisers are saying no.
  • All I know at this point is to expect the unexpected and anything goes. Should be a pretty fun Spring!

 *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: Andrew Holloway

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Born and raised in Knoxville, Andrew can attest that there’s no place in the world quite like it. His love for Knoxville and experience working within some of life’s biggest moments make him an ideal fit for Knoxville’s real estate community.

With a background in special events and property management, Andrew has a unique sense of the importance of a real estate transaction. As an agent, Andrew prioritizes service to his clients, employing personal experience, knowledge, and compassion, so they can make the best decision for themselves and their loved ones. Andrew is best known for his positivity and professionalism.

In his free time, Andrew can be found perusing book stores, comparing one coffee shop with another (just to be certain of his favorites), refining what it means to be a cat dad, and winning dance off competitions - challenge him, if you dare!"

Welcome Our New Agent: Tracie Hartman

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Tracie moved to Knoxville in 1996 for the outdoor life and quickly made Knoxville her home.  She graduated UT with her Masters in Education in 1999 then ran off to PeaceCorps.  Because  she has lived all over Knoxville, Tracie knows her way around town, and she loves exploring Knoxville's various neighborhoods while sharing her expertise.  She moved to the Parkridge neighborhood in 2004, where she currently resides with her son, dog, and four chickens.

Tracie's main focus is customer service.  She finds that her greatest talent is connecting people with their goals, then assisting them in attaining those goals.

When she isn't immersed in real estate, Tracie enjoys yoga, walking in the woods, camping, traveling, gardening, and cooking.

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: 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!

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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?

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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!

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Renovation Robin: Park City H1!

Renovation Robin: Park City H1!

Recent talk of expanding the Edgewood/Park City historic overlay (H1) in East Knoxville is a great topic. While expanding the overlay, the area in which guidelines exist for exterior renovations, may or may not draw new investment to this neighborhood, expansion will certainly give direction to more investors there, protecting the character of the neighborhood. Edgewood/Park City, like other East Knoxville neighborhoods and districts, is is a popular spot with adjacency to downtown via the burgeoning Magnolia Avenue Warehouse district. 

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Knoxville Home Sales Report: October 2015

Knoxville Home Sales Report: October 2015

Chirstmas is coming, but it's just now time to see what swag we got in our pillow cases back in October. Tricks or treats? Well, since Santa is almost here, let's dig into a short and sweet version of the Knoxville Home Sales Report breakddown and find out!

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Knoxville Home Sales Report: June 2015

Knoxville Home Sales Report: June 2015

Yes, it's hotter than July (heck, it IS July), but don't you worry 'bout a thing, because it's time to take a look at the June 2015 Knoxville homes sales numbers from the Knoxville Area Association of Realtors (sometimes I just call to say they're really called KAAR."  So, let's start with the charts. Signed, sealed, delivered, they're here:

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Knoxville Home Sales Report: April 2015

Knoxville Home Sales Report: April 2015

Had you guys given up hope that I would ever post the April Home Sales numbers? Well, don't stop believin', you guys, because I would never let us go our separate ways without dropping this science from the Knoxville Agent Association of Realtors (album name, KAAR) April Home Sales numbers into your open arms! Let's go on a real estate "journey" of sorts," shall we?

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Knoxville Home Sales Report: March 2015

Hey, May! How you doin'? You sure are looking and feeling pretty good. And as much as I hate to think back on colder, less flowery months, it's time to take a look back at the month that was March. What for, you ask? Why to check out the March 2015 Home Sales Report numbers from the Knoxville Area Association of Realtors (chemical element symbol, KAAR). Let's spring right into it (see what I did there)!

Wasn't nothin' lower than months of supply in March, y'all. Take a look at that royal blue dotted line that's taking a nose dive all the way down to March 2006 home inventory levels.  That's right, our months of supply (or the number of months it would take all current homes on the market to sell at the current rate of sales) is now down below 8 months. BELOW EIGHT MONTHS. That's the lowest it's been in pretty much forever, or at least in about 9 years. Stay tuned to the wrap up to see how this is affecting the market, because it is DEFINITELY affecting the market. 

This chart shows active listings, and while they are still also at a nine year low, they were up in March over February, probably as a seasonal adjustment. It was the start of Spring Selling Season, after all. But wait... if months of supply is DOWN and active listings were UP.... that much mean....

It's a bird! It's a plane! Wait...is that...IT'S THE MARCH CLOSED SALES GOING THROUGH THE ROOF! Holy macaroni, you guys, talk about starting the Spring Selling Season off right! Sales in March 2015 were the highest they've been since 2007, AKA Ye Goode Olde Dayes. And that's the biggest March jump we've seen since 2006, AKA The Really Goode Olde Dayes. So how are all these sales affecting the market? I'll give you one guess and it's starts with a "P" (not pork chops, although they are delicious). Keep reading on down to the break down for the answer. 

What's Hot

  • Inventory - Greater Knoxville area housing supply is now officially the lowest we've seen in it 9 years. 
  • Pricing - Here's your big "P." Average and median sales were up all the way across the board in March. I belive the fancy explanation for this is "supply and demand." 
  • SALES! - Sales continue to be up year over year and month over month. With the activity I'm seeing in the market, I'm not thinking this is a one month thing, either. 
  • Rates - They're still below 4% and that's what's driving a lot of the above (sales). 
  • http://drunkjcrew.tumblr.com/ - Seriously, it's so funny. 

What's Not

  • Listings - The good homes are selling about as fast as they're going on the market, ususally with multiple offers. 
  • Rentals - Everybody's trying to find a good rental (because there aren't any). 
  • Fence Sitting Buyers - Ain't nobody got time for that this spring. 
  • Movie Franchise Reboots - I'm looking at you, Mad Max #overit

Deep Thoughts

  • You guys, this is a HOT market: prices are still good, rates are still low, and lenders are making it easier to borrow. Now if we just had more homes to sell...
  •  Sellers, are you thinking about selling your house? May I suggest right around NOW to be a good time?The tipping point into a Seller's market could easily come sometime this summer. COULD. 
  • Investors, why not take advantage of low rates to build a rental inventory? Renters need places to rent. I'm just sayin'. 
  • Agents, enjoy this market while it lasts. Trust me: I lived through 2008-2012.

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

Local Lore: 3222 Kingston Pike

Local Lore: 3222 Kingston Pike

The home at 3222 Kingston Pike, affectionately known as "Nellvar" by its original owners, is an excellent example of a Craftsman style home.  The current home is approximately 5900 sq ft with 5 bedrooms and 3 bathrooms. It sits on over 4 acres of prime river front property in the Sequoyah Hills section of Kingston Pike. It is currently in need of renovation. 

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Knoxville Home Sales Report: February 2015

Knoxville Home Sales Report: February 2015

Remember back when it was cold? And there was lots of snow on the ground? And ice and stuff? Yeah, me neither, but that was the month that was February. And for an ice cold month, home sales in Knoxville, at least according to the Knoxville Area Association of Realtors (street name: KAAR) ,February Home Sales Report, were pipin' hot.  Check out these toasty charts!

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