Post-holiday week real estate activity picks up

Nick McBrideOn the Grow

As expected, real estate activity registered an increase after the holiday week. And, with the beginning of the school year quickly approaching, I presume the next few weeks will be busy as well.

Last week, 304 property transfers were recorded totaling $69.68 million. Surprisingly, there were no commercial property transfers over $1 million.

Mortgage activity resulted in 382 loans equaling $80.2 million. A loan to Rosewood LP from Walker & Dunlop LLC in the amount of $7.3 million is for a multifamily development on Valley View Drive in the Alice Bell community. This property is leased by Rosewood LP from Knoxville’s Community Development Corporation.

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Nick McBride is the register of deeds for Knox County.

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