Buoyed by two of the most important residential gross sales ever in Chattanooga final yr, Realtor Jay Robinson and his workforce have been as soon as once more the top-selling actual property group in Chattanooga throughout 2022.
Robinson, who has bought greater than $1.5 billion of residential and industrial properties throughout greater than 35 years within the business, was the agent in 277 residential property gross sales or purchases final yr. The whole worth of the house gross sales final yr reached practically $191 million, or a median of $688,888.
Different prime brokers with greater than $100 million of house gross sales final yr included the groups of Grace Edrington at Berkshire Hathaway HomeServices, Jake Kellerhals of Keller Williams Realty and Mark Hite of Actual Property Companions. The highest-selling particular person agent once more final yr was Linda Brock of Actual Property Companions.
“The primary a part of the yr was pushed by the mania out there and low rates of interest,” Robinson stated in a phone interview. “The second half of 2022 was pushed by continued low stock but additionally the steadiness of the Chattanooga market. We’re very blessed to be in such a secure Southern market.”
General, the 11,564 accomplished house gross sales by Chattanooga Realtors final yr was down 10.2% from the report excessive reached in 2021, in accordance with figures compiled by the Larger Chattanooga Affiliation of Realtors. However the median worth of the houses that bought final yr within the Chattanooga space was up a stronger 15.1% to a report excessive of $305,000, boosting general gross sales volumes for residential gross sales to a report excessive in 2022.
Robinson’s gross sales quantity for all of 2022 additionally reached a brand new report excessive, up practically 13% from the earlier report excessive of $169.2 million of house gross sales in 2021. Mixed with non-residential property gross sales, Robinson’s workforce topped $200 million in complete gross sales in 2022.
The 59-year-old Realtor, who heads the Robinson workforce for Keller Williams Realty in Chattanooga, recorded two of the three highest-priced house gross sales ever in Chattanooga final yr when he twice bought a house atop Elder Mountain. Robinson initially bought the mansion constructed on Elder Mountain by the late Sharon Mills for $4.6 million in Might and later bought the identical home to a different purchaser for $4.9 million.
The one different greater house sale in 2022 got here in Lookout Valley off of Browns Ferry Highway, the place a Montana investor purchased a riverfront house in October that was beforehand owned by David and Kim Duplissey for $8.7 million.
“That specific house is actually a chunk of artwork that required a purchaser who would respect the wonder and complex design of the home in addition to the encircling grounds and gardens,” Robinson stated. “We have been dedicated to discovering the proper household for the property who would respect the story behind the design.”
Robinson bought the property in 13 days for 98% of the listing worth. One other instance of Robinson’s experience was within the sale of one other luxurious property on East Forehead Highway that bought in in the future for 100% of the asking worth.
Robinson stated his success is available in half from generational transactions amongst his shoppers, noting he typically represents third and even fourth generations of shoppers.
Whereas greater mortgage charges are cooling the actual property market, Robinson stated he stays optimistic about Chattanooga.
“Folks proceed to find our metropolis and all the facilities that make this such a particular place,” he stated. “For somebody like me, the Chattanooga expertise sells itself and albeit, there’s simply no different place I would select to lift my household and encourage others to do the identical.”
Chattanooga’s prime actual property brokers
The actual property brokers in Chattanooga who represented both the house purchaser or the house vendor with the very best complete greenback worth of residential property gross sales in 2022 have been:
1. Jay Robinson of Keller Williams, 277 sides for a complete of $190.8 million in house gross sales.
2. Grace Edrington of Berkshire Hathaway HomeServices for J Douglas Properties, 448 sides for a complete of $155.9 million in house gross sales.
3. Jake Kellerhals of Keller Williams Realty, 356 sides for a complete of $139.6 million in house gross sales.
4. Linda Brock of Actual Property Companions, 138.5 sides for a complete of $122 million in house gross sales.
5. Mark Hite of Actual Property Companions, 444 sides for a complete of $116.9 million in house gross sales.
Supply: Larger Chattanooga Affiliation of Realtors a number of itemizing service
Contact Dave Flessner at dflessner@timesfreepress.com or 423-757-6340.
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