West Hills (Knoxville, TN)
By Chiara Petro, Broker, Commercial Investment Specialist
(eXp Realty, LLC)
Today, I'd like to take you to visit West Hills Knoxville, TN. This is an established, mid-century subdivision in West Knoxville. West Hills is located across from West Town Mall, borders along Kingston Pike to the south, Middlebrook Pike to the north, just west of New Weisgarber Road to the east and Gallaher View Road to the west.   The West Hills Community Association has been an active part of the community for 30 years. Addressing quality of life issues to zoning issues, the WHCA works hard to keep the neighborhood safe and appealing for it's residents.   While West Hills is convenient to shopping, eating and commuting, it also has playtime. The West Side Family YMCA is found within the John Bynon/West Hill Park, and includes baseball, basketball, tennis, playground venues. As an ad...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
I was interviewed yesterday about the state of the greater Knoxville, Tennessee real estate market by Hana Kim, one of my favorite local reporters. Below is a graph I made comparing this January just past to previous Januarys. And here's the story:   By HANA KIM6 News Reporter KNOXVILLE (WATE) - The housing market in East Tennessee hasn't been hit as hard as some of the other cities these past few years. In fact, new numbers indicate a recent uptick. A total of 588 home were sold in the greater Knoxville area in January. That's 90 more homes sold compared to the same month last year. "I hear a lot of people saying that their activities have increased and that they are showing a lot of people houses. I've started off to a good year so far," said realtor Jim Lee of Realty Executives Assoc...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
No matter which side of the arguement you come down on; the facts are that lots of Tennessee home buyers are using the $8,000 tax credit to buy a new home with. A recent release by the Internal Revenue Service (IRS) showed that Tennessee was 13th in the nation in buyers that have already claimed or filed for the 8K credit. That program ends on November 30th of 2009 and I'm very curious to see what effect it will have on our market. Buyers I've worked with and had contact with this year seem to be much more deliberate and willing to let the price come to them than ever before. I suppose that is a byproduct of the current recession we're in. I wonder what this graph will look like in December & January after the tax credit goes away? There's lots of talk in the real estate community about...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
One of the many great things about living in the Knoxville, Tennessee area is it's close proximity to the Great Smoky Mountains National Park. There are many very scenic and beautiful sections of the park but one of my special favorites is Cades Cove. Going from Knoxville through Maryville and Townsend to the Cove is about a 40 mile drive but because of the narrow, windy roads in the park allow about an hour for the drive one way. "The Cove" as it's known to local folks was originally a pioneer settlement first homesteaded by John and Luraney Oliver around 1818. The Olivers and their descendants lived in the Cove until the Park was established in 1934. Cades Cove is a very special place to me for a personal reason as well. My lovely wife Charlotte and I were married here almost 20 years...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
IN CONGRESS, JULY 4, 1776 The unanimous Declaration of the thirteen united States of America When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation. We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Before becoming a Realtor many, many years ago, I was in the restaurant business, mostly in management but I love to cook and create new recipes. Here’s a couple of my summer favorites that meet 2 of my main criteria for cooking; quick and easy.   Pulled BBQ pork, serves 4 You can fix this one in your crock pot or slow cooker. Ingredients: 2 pound Boston Butt Roast or boneless ribs work well also Salt and pepper to taste 1/2 a 14 ounce can of beef broth (you can freeze the other half for later use) Your favorite BBQ sauce To give it an interesting flavor save a couple of Tablespoons of brewed coffee and toss it in Preparation Put the roast or ribs in your crock pot or slow cooker, pour beef broth and optional coffee over. Cook on low setting for 6-8 hours or until meat is fork tender (s...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
The 2008 sales figures are out from the Knoxville Area Association of Realtors. What kind of year was 2008 for us? Here are the figures. About a 31.3% drop in units sold from 2007 versus 2008. Still 11,850 is a bunch of homes. How about median sales prices for 3 bedroom homes? Looks like we're trending towards selling lower priced homes by about 9.5% or close to 2006 levels. Average days on the market is up about 10 days; no big change there. In fact it seems to have been pretty consistent for the past few years. Here are the total numbers of listings taken by year. I'm not sure what caused that big dip in 2002, maybe some of us took an extended vacation that year. ;-) Knox County residential bulding permits Big hit here; about a 45% drop from 2007 to 2008. Most builders are stuggling r...
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Knoxville, TN Real Estate Professionals