By DON FENLEY

Eleven $1 million plus home sales closed in May, bringing the region’s total to 27 this year.

A 10,412 sq. ft. home with a 22-ft. ceiling and marble floors in the entry was the top sale at $1,650,000. It’s on the Virginian golf course. Close behind was a $1,625,000 Kingsport sale. So far this year, the top sale was in April for $2,105,300 million in Johnson City.

Five of May’s $1 million sales were cash deals.

This year’s running total for these top sales show Jonesborough leading the region. Here’s how that rundown looks:

• Jonesborough, 6
• Johnson City, 5
• Greeneville, 3
• Kingsport, 2
• Mountain City, 2
• Blountville, 1
• Bristol, TN, 1
• Bristol, VA, 1
• Butler, 1
• Erwin, 1
• Elizabethton, 1
• Piney Flats, 1
• Roan Mountain, 1
• Unicoi, 1

Last month 106 luxury homes ($500K and up) were sold in the region. That’s an increase of  35.9% from last year and the second largest percentage increase in all price ranges for the month. The largest increase was in the top price range of the move-up market ($400K-$499,999K).

So far this year, luxury sales have totaled 325, up 17.7% from the previous year.

Pending sales (95) in that market were up 5.6% last month.

There were 171 new listings, up 76.3% and the active inventory of 346 was 26.3% higher than last year.

Categories: REAL ESTATE