Washington County VA topped the high-end home market in 2016, but it was a crowded field.
A high-end home in the Market Edge’s Residential Building Permit Trend Report is one with over 4,000 sq. ft or a permit value of over $400,000.
Washington County TN has dominated the high-enders for the past three years and 2016 was a return to new permits in double digits for Sullivan County.
Here’s how that field looked at the end of the year.
Washington Co. VA – 26
Washington Co. TN – 23
Sullivan Co. – 21
Greene Co. – 5
Carter Co. – 2
The regional count of 77 is up seven from 2016.
Last year was also the second year that the year-over-year growth of high-end home permits has outpaced the growth rate in the other two East Tennessee MSA monitored by the Market Edge Report.
The 2016 year-over-year change in Chattanooga was 0% and 3.5% in Knoxville.