East Tennessee Luxury Living

True French Country Home Minutes from Tyson-McGhee Airport

This French Country home was designed by Johnson Architecture, Inc. and Landscape Architect Trey Benefield.  It was constructed with the most exact quality craftsmanship of Best and Hord Construction Co.  Three lots in beautiful St. Ives Subdivision were purchased to provide the required setting for this masterpiece.  The real stucco walls, brick, cedar and stone accents, steeply-pitched cedar shake roof, and all copper gutters were essential ingredients for the desired French Country effect.  St. Ives subdivision is conveniently located in Alcoa, TN which is just minutes from the Tyson-McGhee airport and provides easy access to all Knoxville has to offer.  Additional pictures, features and area information can be found at www.1461saintives.com.

SmartMoney Rates Knoxville Real Estate as Fairly Valued

SmartMoney Magazine recently rated the 330 biggest cities in terms of their home values.  As with the rest of the media, there is much doom and gloom in this article about the housing market...buyer's are wary even though it is a "buyer's market" and are waiting for prices to fall even further, there is a shrinking pool of potential buyers due to the increasing cost of obtaining loans and there is an average of a ten month supply.  You can read the full article here. 

However, not all news is bad for the Knoxville area.  Based on the statistics studied, Knoxville was rated as "fairly valued" and therefore predicted to not see home prices drop too much further.  There is definitely an over supply of million dollar-plus homes in Knoxville right now, but they are selling.  So far this year, there have been over 50 sold.