Market Conditions for Gray, Tennessee Reported by Robin Bohin, REALTOR, SRES, e-PRO, CERTIFIED RELOCATION SPECIALIST Updated January 29, 2010.

Current Market Rating: 3 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

The New Year is ringing in with excellent news for Northeast Tennessee and especially the Kingsport/Bristol area. According to MSN's Moneycentral, home appreciation in these two areas is ranking 32nd nationwide. Buyers are using that as an excuse to jump start the 2010 selling season. Inventory is beginning to increase and as a result sellers can be assured of finding qualified buyers that have tax credit financing options at their disposal until April 2010. Out-of-state buyers continue to flock to the mountains of Northeast TN appreciative of its natural beauty, unlimited outdoor activities, temperate climate, employment opportunities, and housing values. The low property taxes, absence of state income taxes, low cost of living and the fact that the mountains serve to guard the area against weather extremes resulting in lower property insurance premiums have all my buyer clients saying," don't let the secret out!"

There are added demands for updated homes offering one-level living, homes with acreage, updated homes in established neighborhoods, new construction in the $250K range and those that are located near or in golf/lake communities. Buyers and Sellers will both be in win-win situations as the winter market approaches, gets underway and provides a diversified inventory from which they select a "place to call home".

My ability to network with credible lenders means buyers have options concerning interest rates and a menu of mortgage programs available locally to finance their new Tennessee residence! Additionally, buyers are looking for a place to safely "park" their investment monies in these uncertain economic times and choose to buy local real estate as that resource.

Robin Bohin
(423) 384-7000
www.robinbohin.com


ZIP Code: 37615

Approximate Location Boundaries: Washington County and Sullivan County

Location Characteristics: It's a great place to raise a family or retire to! When visiting Boones Creek and Gray it's hard to miss the natural beauty of mountains and lakes that surround our area. Career, Recreational and Cultural opportunities are within minutes of your back door. Lake Harbor, offers Lakefront homes, many with level spectacular views of the lake and neighboring farmlands. Serene, yet a wonderful neighborhood for children. Home sales for 2004 have ranged from $375K to $689,900. Not to be missed are the neighboring subdivisions of Willows Ridge and Hunter's Lake. They offer lake views, newer construction, community clubhouse and pool. Home sales for 2004 have ranged from $329,900 to $485,000. Another area that is a newer lake community is Grande Harbor. It offers a different flair to lake living with the addition of townhomes, and lake villas added to the repertoire. Home construction and pre-sales are just beginning in this area. These areas offer the best of two worlds; close proximity to Johnson City which is home of the VA Mountain Home, East Tennessee State University and Jonesborough, just minutes away, is the county seat of Washington County, the oldest town in Tennessee and home to the International Storytelling Festival. A great assortment of dining options, good medical facilities and the diversity of the Tri-Cities makes a newcomer realize what a special place this is! Despite the rise in real estate prices that have some long-time locals shaking their heads, people come to Boones Creek-Gray area because it is still a relative value; compared to other places around the country, the cost of living is actually pretty low!

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