Demand for high-end housing increased during the third quarter and Washington County VA led the Tri-Cities area in the construction of those homes – but only by two permits.
High-end homes are defined by Market Edge in its Resident Building Permits Trend Report as a home with 4,000 square feet – or more – of space or $400,000 or more in construction costs.
So far, this year 23 the high-enders have been permitted in Washington Co. VA. Ten were permitted in Q3.
Washington County TN saw eight new high-end permits in Q3 for a year-to-date total of 22.
Sullivan Co. had six new permits for a total of 13 high-end homes during the first nine months of the year.
Greene Co. was the only other area county with Q3 high-end permits. It had three permits.
Twenty-seven high-end permits were issued across the Tri-Cities in Q3. That’s 10 more than the same period last year. So far this year 62 of these type permits have been issued in the Tri-Cities region, up from 51 during the first nine months of last year.
Categories: CORE DATA, REAL ESTATE
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