By DON FENLEY The apartment market in Kingsport-Bristol is on a similar track to what’s happening in the Johnson City metro area. After years of higher rents and increasing demand, the market is cooling off. Kingsport-Bristol multifamily vacancies have increased… Read More ›
By DON FENLEY Johnson City is a healthy market, but it is no longer the standout it was. Multifamily vacancies have increased to 6.1% from 3.6% this time last year. The metro is now tracking closer to national conditions as… Read More ›
By DON FENLEY So far this year, Kingsport-Bristol retail vacancy held at 4.0%, up from 2.4% a year earlier but still below the national rate. Rents kept rising 2.5%, and a surge in sales volume signals investors are still buying… Read More ›
By DON FENLEY April brought good news for the Tri-Cities housing market. Buyers got more choices, but not enough to tip the scales. Expect a tight, fast-moving market through early summer. The real test is yet to come. If listings… Read More ›
By DON FENLEY Office vacancy in the Johnson City MSA held at 2.3% so far this year. It’s roughly 15 percentage points below the national rate. Tightness, not weakness, is the binding constraint The National Association of Realtors’® (NAR) analysis… Read More ›
By DON FENLEY There’s a theory going around that the local elder population will soon age out of the housing market, creating an inventory flood and a buyer’s bonanza. Like all good stories, there’s some truth to it. But a… Read More ›
By DON FENLEY The Tri-Cities luxury market recorded nine $1 million plus sales in April. It was a big reversal from the sales volume in March and April a year ago. There were three top sales in March and only… Read More ›
Thanks for the comment Debbie. It's a snapshot of today's conditions, stay tuned
Always of interest to get confirmation of what I see as the year moves on.
[…] The Tri-Cities employment is in its best shape since the year began, but the gains are concentrated. At the…
Thanks for the question Jeff. Kingsport was not listed because there were no closing of $1 million plus properties during…
Great report Don Why was kingsport not listed ? Jeff Begley Founder & Principal Begley Development LLC