Williamson Co. sees unprecedented growth in luxury second-home sales

  • Compared to pre-pandemic levels, luxury second-home sales have increased 235% since Q1 2020
  • Williamson County is the second-highest ranked area for second-home sales
  • Luxury second-home transactions increased 25% year-over-year during Q2 2022
  • Research from Pacaso revealed that since 1980, real estate has been more stable than typical stock market indices during periods of economic recession or uncertainty.

One segment of the real estate market seemingly unaffected by increasing interest rates and inventory shortages is the luxury second-home market, which saw unprecedented sales increases over the last two years.

Williamson County, Tenn., ranked second to Coeur d’Alene, Idaho, for the largest year-over-year sales increases of luxury second homes. Other destinations on the list included Charleston, SC, Kitsap County, WA, and Orange County, Fl.

Research by Pacaso, a real estate company focused on the second-home market, showed sales of luxury second homes and investment properties (defined as homes sold for $1 million or more designated for seasonal and/or recreational use) increased in Williamson County by 42.1 % year-over-year during the second quarter of 2022.

Nationwide the year-over-year second quarter increase was nearly 25%. That increase skyrocketed to 235% when compared to the first quarter of 2020.

Related:What’s happening to 30A? The market is maturing from beach houses to legacy homes

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