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Johnnie Creel & The Creel Group

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Luxury Housing Market Surges

luxurysurgeAccording to The KCM Blog, the luxury housing market is surging. The picture which comes directly from their website, shows that the sale of homes over $1M is up an average of 31% year-over-year.

Knoxville’s current luxury home inventory is only 70 homes out of the 3,181 current listings in Knox County, or only 2% of all homes listed. The list prices of these luxury homes range from $1.049M to $9.975M, and they are located primarily in the West Knoxville area.

Many of the luxury homes offered in the Knoxville area are waterfront or water-access properties, but Knoxville’s luxurious lifestyles also encompass spacious downtown penthouses and gorgeous golf-course homes. If you expand out into the neighboring counties, you will find even more luxury properties, offering more seclusion and acreage than many of their Knoxville counterparts. From Anderson, Blount, Jefferson, Loudon, and Roane counties, many more luxury homes, like this one located at 326 Chestnut Ridge Rd. in Kingston, are available.

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Whether you seek an estate with acreage or a urban retreat, Knoxville’s luxury home market offers a taste for every appetite. However, since the inventory is such a small percentage of the market, buyers must act quickly once they find the ideal luxury home in Knoxville.

If you are searching for a luxury home in Knoxville or the surrounding areas for your primary residence or as a second home, you can click here to start searching available luxury homes now. You may also visit the Luxury Homes page on our website.

Luxury Housing Market Surges photo courtesy of The KCM Blog    Listing statistics courtesy of the KAAR MLS.

 

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