News Summary
December 2024 marked a historic peak for the luxury real estate market in Hamilton County, with significant high-value home sales exceeding previous months. This surge reflects a robust demand for upscale properties, as buyers capitalize on favorable market conditions. Key transactions included homes selling for over one million dollars, showcasing the area’s appeal in luxury living. The month’s success highlights a thriving market conducive to both investment opportunities and residential aspirations.
Record High Home Sales in the Luxury Real Estate Market for December 2024 in Hamilton County
The luxury real estate market in Hamilton County has reached a remarkable peak in December 2024, with multiple high-value transactions highlighting a surge in demand for upscale properties. Notably, home sales during this period have outperformed previous months, indicating a thriving market for luxury homes.
Major Transactions
Several significant sales occurred throughout December, contributing to this record-breaking month. Key properties include:
- 5925 Browntown Road sold for $1,175,000. The home features 4 bedrooms, 3.5 bathrooms, and spans 3,820 square feet on a 6.23 acre lot. The buyer is Michael Mackinnon, represented by James Michael Coffey.
- 533 West Brow Road sold for $1,251,000. This property includes 4 bedrooms and 4.5 bathrooms within 4,105 square feet, situated on a 0.25 acre lot. Buyers Michael Andrew Wassel and Martha McKenna O’Neill were assisted by Leslie B. Davenport.
- 3119 Reflecting Drive reached a sale price of $1,259,000. The home features 4 bedrooms and 3.5 bathrooms, covering 4,111 square feet on a 0.82 acre lot. The buyers, Jackson Reynolds and Cayla Reynolds, worked with Connie Fesmire House and Connie B. Fesmire.
- 4614 Amethyst Road was sold for $1,450,000. This residence boasts 4 bedrooms and 3.5 bathrooms across 4,314 square feet, located on a 0.5 acre lot. The sale involved the Mark F. Merz Trust and Robyn K. Merz Trust, represented by Nu-Haven Properties LLC.
- 503 Pine Ave sold for $1,600,000. It contains 4 bedrooms and 3 bathrooms with a total area of 4,368 square feet on a 1 acre lot. Lafayette Hardwick III Caldwell was the buyer, with representation by W Britain Oehmig and Neal Oehmig.
- 1103 Longholm Court was purchased for $1,750,000. This property includes 4 bedrooms and spans 4,407 square feet on a 0.3 acre lot. Buyers John David King and Sarah Congleton King were assisted by David D. Anderson Trust and Deborah A. Anderson Trust.
- 1263 Enclave Road sold for $2,250,000. With 5 bedrooms and 5.5+ bathrooms, this expansive home covers 8,963 square feet on 1.42 acres. The buyers are David D. Sr. Anderson Trust and Deborah A. Anderson Trust, represented by Gina Dhanani.
- 4 Wood Hill Drive topped the luxury sales with a price of $3,100,000. Offering 5 bedrooms and 6 bathrooms, it features 6,330 square feet on a 1.39 acre lot, purchased by T Clayton Watson, with assistance from Matthew B. Dixon Trust, Monica H. Dixon Trust, and Dixon Family Joint Revocable Trust.
Market Trends
This surge in the luxury real estate market aligns with broader trends indicating a steady increase in home sales year-over-year. Buyers are showing a keen interest in high-end properties, largely due to low inventory levels and favorable financing conditions. As a result, prices for luxury homes have seen upward pressure, marking December 2024 as a standout month in this market segment.
Conclusion
With these high-value transactions, Hamilton County’s luxury real estate market is demonstrating resilience and vitality. The record sales figures in December 2024 underline the appeal of upscale living in the area, prompting both buyers and sellers to engage in this competitive environment. Supporting data from public records indicates that the luxury market remains robust, providing plenty of opportunities for future investments.
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Additional Resources
- Chattanoogan: Chattanooga’s Million Dollar Homes
- MLive: 35-Year-Old Walking on Highway Fatally Struck
- Business Insider: The Most Expensive Home in Every State
- Wisconsin Farmer: Auctions This Week
- Times Free Press: Chattanooga’s B.B. Discount Opening 2nd Site
- Wikipedia: Real Estate
- Google Search: Luxury Real Estate Market
- Google Scholar: Luxury Real Estate Trends
- Encyclopedia Britannica: Real Estate
- Google News: Luxury Home Sales
