Knoxville, Tennessee is a true gem of the United States! Located on the Eastern most side of Tennessee, Knoxville sits just outside the Great Smoky Mountains National Park and is home to the University of Tennessee. Surrounded by rolling hills and beautiful vegetation, every inch of Knoxville is touched by East Tennessee’s natural beauty.
With its’ temperate climate, Knoxville enjoys gentle summers, vibrant springs, colorful falls and very mild and short winters. All of Knoxville’s outdoor recreation can be enjoyed year round including golf, hiking, biking, white water rafting and much more. Knoxville sits along the Tennessee River and is surrounded by numerous bodies of water so if its lake property you seek, look no further than Knoxville! Plus Knoxville has some of the most affordable real estate in the country.
Knoxville’s transportation system is second to none. The ideal location of Knoxville, Tennessee makes nearly the entire east coast of the United States accessible within a day’s drive. Closer to home, Knoxville residents can enjoy all that Knoxville has to offer including The Knoxville Zoo, University of Tennessee Football, Lady Vol basketball games, Smokies baseball, the Tennessee Aquarium, Dollywood, Pigeon Forge and Gatlinburg.
Knoxville Real Estate Housing Market
Needless to say, the thriving mid-sized city of Knoxville, TN has real estate which many say is under-valued. Over the past 7 years, the overall equity gain average has been $12,300 and $25,700 over the past 9 years. The median sales price for homes in Knoxville TN for the first quarter of 2010 was $135,100 based on 2,135 home sales. Compared to the same period one year ago, the median home sales price decreased 2.5%. Foreclosures only make up 2.5% of Knoxville's market share and the number of homes heading for foreclosure or in short sale make up only 4.3% of Knoxville's real estate market.
The future of the Knoxville real estate market looks bright with several Knoxville communities including Farragut and Hardin Valley still seeing positive home value returns. If you are considering relocating to Knoxville, Tennessee or already call Knoxville home and would like the expert assistance of a dedicated Knoxville Realtor to help you find the perfect home or help you sell your current home, contact Christine McInerney and The McInerney Team at 865-237-5289 (Direct).