Collin H.Poster
#3 Short-Term & Vacation Rental Discussions Contributor
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- Property Manager
- Gatlinburg, TN
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Smokies "hiney showing" thread
We have officially entered the "Hiney Showing" phase in the Smokies. That is, homes being offered for less than what was paid for them very recently. It's all a part of the boom/bust real estate cycle in resort areas. The inevitable end to "But this time it's different" chants.
I'll be posting these as I see them.
Here's the first. No further bookings in April or May. It was purchased for $2.4 million in 2022. Asking $2.25 million today, and offering $20K in "buyer credits".
3385 Birds Creek Rd, Sevierville, TN 37876 | MLS #1256702 | Zillow
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