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In 2020, agents who generally make over $125,000 saw even more cash can be found in; whereas, representatives making under $50,000 saw their revenues decrease. Bailey stated the key to making it as an agent long term is persistence. "The agents that appear to be actually patient and actually long lasting with their purchasers seem to be the ones that are getting a great deal of referrals right now," Bailey said.

Knoxville's real estate market is hot. And not just property sales. Knox News asked women in commercial realty to share their observations on the state of the market and what's ahead for their organizations. Maribel Koella, CCIM, SIOR, FRICS, CRE, is co-owner and principal broker of NAI Koella RM Moore, a nationally accredited woman-owned, minority-owned (and first generation Mexican-American) business.

She has actually recommended and served on the boards of lots of not-for-profit companies for many years. Solange G. Velas is an industrial realtor focusing on multifamily home sales in East Tennessee. She is a licensed broker, current president of her CCIM chapter, past president of the Apartment or condo Association of Knoxville and has been selling multifamily for over 25 years in the East Tennessee market.

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Frazier is president and primary broker for Blue Ridge Realty Inc., a local industrial property firm specializing in leasing, sales and management of workplace and retail properties.  Learn More Here  holds the professional classifications of Certified Home Manager (CPM), Licensed Commercial Financial Investment Member (CCIM), and Society of Industrial and Office Realtors (SIOR), in addition to a bachelor's degree from Haslam College of Service at the University of Tennessee.

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HOT HOT HOT. We have truly recovered well from the COVID pandemic. For business property, 2020 was among our finest years ever as financiers heavy in cash purchased into our market. Healthy. During the shutdown, we started to get calls out of California, Chicago, New York City and other urban locations from services that wished to transfer to the Knoxville area, specifically in the commercial and financial investment sectors.

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Also, these are investors who, previously, would have been wanting to primary markets. This is an effective shift to secondary/tertiary markets like Knoxville because locations like Nashville and Atlanta that would formerly have actually been targeted are ending up being saturated and more pricey. While 2020 was exceptionally hectic, 2021 has actually seen market values increase substantially.