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Mark Spain Real Estate's Tennessee Expansion Continues with New Chattanooga Location
Mark Spain Real Estate to open a Chattanooga office May 16, 2022. This will be the ninth major Southeastern metropolitan market for the Inc. 5000 firm and its second Tennessee location.
By: Mark Spain Real Estate
The new Mark Spain Real Estate office will be at 200 W. Martin Luther King Blvd., Suite 100, near downtown Chattanooga. It expects to add over 50 jobs to the area once its office is fully staffed.
Chattanooga is experiencing significant growth in its real estate market, with listings unable to keep up with current demand. The greater Chattanooga real estate market averages just 22 days on the market and listings are selling for an average of 99% of list price. The median home price in 2021 was an affordable $265,000 according to the Greater Chattanooga Association of Realtors. Its population has increased nearly 11% in the last decade and major employers include McKee Foods Corporation (makers of Little Debbie snack cakes), Amazon distribution center and Volkswagen operates its only U.S. plant there.
"Chattanooga is in a state with no personal income tax, has the second lowest property tax of all 50 states, and the city's cost of living is 8% below the national average," stated President and CEO John Makarewicz. "We are excited about becoming a part of the greater Chattanooga community and serving families in accomplishing their real estate goals."
In 2021, Mark Spain Real Estate jumped from $1.4 billion in annual sales to $3.3 billion. Its popular Guaranteed Offer program offers a quick, hassle-free option for Chattanooga homeowners to sell their homes without showings.
Mark Spain Real Estate was just honored for a third time on the Real Trends 500, a ranking that showcases the top-producing residential real estate brokerages in the country. The 500 firms on the annual list represent the top half of 1% of all real estate firms, and Mark Spain Real Estate ranked in the top 12% of real estate brokerages nationwide. It is also a six-time Inc. 5000 recipient, an annual list honoring the fastest-growing private companies in the country.
One of the company's core values is to remain client-focused, and, as a result, Mark Spain Real Estate has received nearly 10,000 5-star reviews and is the No. 1 most reviewed real estate company in the United States.
For details about Mark Spain Real Estate and its Guaranteed Offer program, visit https://markspain.com/
TC McClenning/Top Cat Creative