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In this episode of Let’s Talk Chattanooga Real Estate, Blake Watson, dives into remarkable trends in Chattanooga's real estate market, particularly focusing on the increase in million-dollar homes. Discover what’s driving this notable increase in high-end listings, how it impacts buyers and sellers, and why Chattanooga is attracting luxury buyers from across the nation. Whether you're searching for a starter home or a luxury estate, this episode provides valuable insights to navigate the changing market.
Key Points Discussed:
Active Listings in the Chattanooga Area Are Up: A 43% year-over-year increase in active listings gives buyers more options, with mid-to-high price brackets leading the way.
Affordable Homes Still Dominate: Homes priced between $300K-$399K make up 24% of all listings, showcasing strong demand in this "sweet spot."
Chattanooga’s Luxury Boom: $1million to $1.1million listings have surged by 103% year-to-date, driven by relocation trends, property appreciation, and economic confidence in real estate.
What It Means for Buyers and Sellers:
Buyers in high-end markets enjoy more choices and negotiating power.
Sellers must emphasize unique features to stand out in a growing inventory of houses.
Competition remains tight in lower price brackets under $250K.
Blake Watson is a Realtor with Epique Realty. If you’re interested in Chattanooga real estate or have questions, reach out to him at 423-315-1815 or his brokerage phone 888-893-3537, or visit www.athomechattanooga.com. You can also find Blake on Facebook, LinkedIn (Blake Watson), and Instagram (@rocknrollblake). Follow this podcast to stay updated on all things real estate in Chattanooga!