Blount County Market Overview Research Provided by Jason Everbach and Vicki Everbach August 2018 The Blount County real estate market hot-streak continues making August another excellent month! The average sales price decreased slightly, while inventory shortages continue to be an issue in many price ranges. The average Days on Market (DOM) also went down compared to July. Owners and sellers in the $100K - $400K price range have a strong seller's market working in their favor; this should be taken advantage of if selling is a priority. The ongoing inventory shortage in the $400K and below price ranges is causing fierce competition for properly priced homes. Buyers need to act quickly when they find the right house. The opposite can be said of the luxury market, which is still suffering from an excess of supply. This is great news for luxury buyers, however luxury sellers need to be realistic about proper pricing and selecting the right agent. Quick Facts 43 $233,358 246 Avg. Days on Market (DOM) Last Month: 48 Avg. Sales Price (ASP) Last Month: $234,381 Call Us Today! Total Homes Sold Last Month: 219 865-888-HOME (4663) 865-983-0011 The Everbach Group - Realty Executives Associates - jeverbach@gmail.com - Copyright 2018 All Rights Reserved *For informational purposes only. We make no guarantees that the data will meet your particular needs, or that information presented is entirely accurate, complete, or error-free. This report is based on data contained in the Knoxville Area Association of Realtors MLS and FlexMLS (powered by FBS) for the time period August 1, 2018 through August 31, 2018. Jason Everbach (License #306031), Page 2 of 5
Sales by Price Range Market Update - August of 2018 Blount County by Price Range For Questions Please Contact: Vicki or Jason at 865-888-HOME (4663) Summary - The majority of the Blount County Real Estate market remains a Strong Seller's Market! Homes are selling faster and inventory shortages persist. Also, a handful of luxury closing are helping to slowly realign this oversupplied market segment. Price Range # Solds Active Listings Months of Inventory Market $0K - $99K 14 35 2.5 Strong Seller's Market $100K - $199K 100 136 1.4 Strong Seller's Market $200K - $299K 79 153 1.9 Strong Seller's Market $300K - $399K 33 95 2.9 Strong Seller's Market $400K - $499K 14 66 4.7 Normal Seller's Market $500K - $699K 3 47 15.7 Extreme Buyer's Market $700K - $899K 2 19 9.5 Strong Buyer's Market $900K - $999K 1 5 5.0 Normal Seller's Market $1M - $1.999M 0 24 12+ Extreme Buyer's Market $2M+ 0 9 12+ Extreme Buyer's Market Overall Market 246 589 2.4 Strong Seller's Market 0-3 Months Inventory Strong Seller's Market 3-6 Months Inventory Normal Seller's Market 6-9 Months Inventory Normal Buyer's Market 9-12 Months Inventory Strong Buyer's Market 12+ Months Inventory Extreme Buyer's Market MaryvilleRealEstate.com The Everbach Group - Realty Executives Associates - 865-983-0011 - jeverbach@gmail.com - Copyright 2018 All Rights Reserved *For informational purposes only. We make no guarantees that the data will meet your particular needs, or that information presented is entirely accurate, complete, or error-free. This report is based on data contained in the Knoxville Area Association of Realtors MLS and FlexMLS (powered by FBS) for the time period August 1, 2018 through August 31, 2018. Jason Everbach (License #306031), Page 3 of 5
Sales by City Market Update - August of 2018 Blount County by City For Questions Please Call: Vicki or Jason at 865-888-HOME (4663) Summary - August was another great month for much of the Blount County Real Estate market! Maryville and Alcoa had strong activity (again), and overall the market continues to be very strong. Competition remains fierce in the majority of Blount County. Price Range # Solds Active Listings Months of Inventory Market Maryville (City + County) 170 358 2.1 Strong Seller's Market Alcoa 19 18 0.9 Strong Seller's Market Friendsville 17 42 2.5 Strong Seller's Market Greenback (Blount) 2 12 6.0 Normal Buyer's Market Louisville 16 43 2.7 Strong Seller's Market Rockford 4 12 3.0 Strong Seller's Market Seymour (Blount) 10 22 2.2 Strong Seller's Market Tallassee 1 13 13.0 Extreme Buyer's Market Townsend 6 67 11.2 Strong Buyer's Market Walland 1 13 13.0 Extreme Buyer's Market 0-3 Months Inventory Strong Seller's Market 3-6 Months Inventory Normal Seller's Market 6-9 Months Inventory Normal Buyer's Market 9-12 Months Inventory Strong Buyer's Market 12+ Months Inventory Extreme Buyer's Market MaryvilleRealEstate.com The Everbach Group - Realty Executives Associates - 865-983-0011 - jeverbach@gmail.com - Copyright 2018 All Rights Reserved *For informational purposes only. We make no guarantees that the data will meet your particular needs, or that information presented is entirely accurate, complete, or error-free. This report is based on data contained in the Knoxville Area Association of Realtors MLS and FlexMLS (powered by FBS) for the time period August 1, 2018 through August 31, 2018. Jason Everbach (License #306031), Page 4 of 5
Thank you for reading! Please contact us if you have any questions! Jason Everbach Vicki Everbach 865-888-HOME (4663) Realty Executives Associates 865-983-0011 Page 5 of 5