Market Conditions for Jonesborough, Tennessee Reported by Robin Bohin, REALTOR, SRES, e-PRO, CERTIFIED RELOCATION SPECIALIST Updated January 2, 2009.

Current Market Rating: 3 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 4 1 2 3 4 5 Falling Rising

Local real estate activity is steady and improving in this market. While the national news continues its resounding cry of housing downturns, our conservatively priced homes with steady appreciation have only hiccuped at the fanfare! We have buyers coming in on a weekly basis to learn more about the wealth of treasures found here: Modestly priced housing, low property taxes, low home insurance premiums, and the added bonus of no state income taxes provide us with a market very attractive to a large majority of out- of -state buyers. Approximately 70% of my 2008 clientele have been coming into the Jonesborough area to purchase second homes prior to retirement, relocating to enjoy our temperate climates that are not plagued by natural disasters, and those looking to migrate to an area that is within 4-5 hours commute of most major metropolitan areas on the southeastern seaboard. Our networking with credible lenders means buyers have options concerning interest rates and a menu of mortgage programs available locally to finance their new Tennessee residence!
The added bonus for sellers, "Homes that are priced right are selling." There are added demands for updated homes offering one-level living, homes with acreage and those that are located near or in golfing/lake communities. Of course, for potential investors, well-maintained and located multi-family housing continues to be requested. Buyers and Sellers will both be in WIN-WIN situations as the summer market approaches, picks up steam, and provides a diversified inventory from which they select a "place to call home".


ZIP Code: 37659

Approximate Location Boundaries: Washington County to Greene County

Location Characteristics: It’s a great place to raise a family or retire to! When visiting Jonesborough, it’s hard to miss the natural beauty of mountains and lakes that surround our area. Career, Recreational and Cultural opportunities are within minutes of your back door. The Ridges, a private Golf Course and Country Club is Johnson City/Jonesborough's only residential golf community. "Architect Arthur Hill drapes his courses around a simple idea, to capture the beauty of the place not alter it." ( www.theridges.cc) Residential homes located in The Ridges offer a premier style of living for those buyers seeking "custom masterpieces." Home sales for 2004 have ranged from $399K to $685K. Another prestigious new neighborhood, "The Gates at Highland Ridge", offers panoramic views, proximity to The Ridges Golf Course, with tennis courts, community pool and clubhouse. Home Sales for 2004 have ranged from $388K to $730K. Don't miss Stoneridge, with a mix of older and new construction, similar ammenities, and killer views! The added bonus are several sales this year occured in the $300K range. These neighborhoods offer the best of both worlds; close proximity to Jonesborough, the county seat and oldest town in Tennessee, which is home to the International Storytelling Festival and equal distance to Johnson City. It is home of the VA Mountain Home, East Tennessee State University. A great assortment of dining options, good medical facilities and the diversity of the Tri-Cities makes a newcomer realize what a special place this is! Despite the rise in real estate prices that have some long-time locals shaking their heads, people come to Jonesborough because it is still a relative value; compared to other places around the country, the cost of living is actually pretty low!

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