B O O M TOW N S OF THE SOUTH There are still hidden gems in America’s hottest real estate region if you know where to look. The pandemic accelerated a trend that was already underway: Americans were headed south. According to Freddie Mac² data, the South was among the fastestgrowing regions in the U.S. between 2017 and 2019.
Despite such price appreciation, there are pockets of potential growth if you look closely. Dallas and Charleston ranked 218 and 216 on the Index for luxury single-family homes. Atlanta, Tampa and Charlotte also ranked above the national baseline on the Index. More opportunity may be waiting in the luxury attached home market: Houston, Charlotte, Dallas and Atlanta ranked between 227 and 209 on the Index.
See pages 136-137 for a full list of resources
COLDWELL BANKER GLOBAL LUXURY® - THE REPORT 2022
Southern boomtowns emerging from 2021 included Austin, Nashville and Raleigh-Durham – all of which saw their populations grow and the average luxury home price for single-family homes soar between 20-29% year-overyear. 2021 also marked the year that several Southern cities reached the million-dollar threshold for luxury singlefamily homes. Charlotte’s average sold price jumped to
$1,137,500. In Houston, the same story: the average sold price hit $1,100,000 by the end of 2021.
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