DOWNTOWN STATISTICSHomes sold – 370Total sales – $36,867,715Average sale price – $99,642Median sale price – $35,000Source: Multiple Listing Service, 2010
Gradual gentrification and urban renewal have brought new life to the old places in Chattanooga, especially the North Shore and Main Street districts, officials say.
“In the beginning, we had to educate people about downtown living,” said Darlene Brown, managing broker at Real Estate Partners. “Now people are coming to us and they’re looking to live downtown.”
New jobs, new money and new residents have given the downtown housing market a shot in the arm.
The number of consumers looking to downsize from single-family homes in outlying areas and take advantage of the premium amenities available in the city “is only increasing,” said Brown, who specializes in downtown real estate.