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4 Things to Know about the Chattanooga Real Estate Market in 2020

The state of real estate in our region is strong heading into the new year, with Forbes ranking Chattanooga #1 for job growth. Here are the 4 things to keep in mind regarding the 2020 real estate market…

📈…greater Chattanooga’s GROWTH. Chattanooga ranks #1 of U.S. cities for job growth in 2020 according to FORBES, while REALTOR.COM ranks Chattanooga #4 of “Top 10 Housing Markets in 2020”. Innovative downtown and exciting development will continue to change the Scenic City’s landscape.

📉…interest RATES remain low. “Most economists are predicting rates to remain below 4 percent in the coming year,” reports The Washington Post.

💰…accurately PRICED properties are still selling fast. We can market property extensively, but at the wrong price, the activity will be slow. When the price is aggressive, yet appropriate, properties can sell within days. 

🔨 new construction SHORTAGE. We are seeing the “new build” sector recover…if you can find the land to develop. Fannie Mae predicts 2020 housing starts will jump 10%, but there is a home-site shortage in Chattanooga. If you are considering building, investing, or developing, start your site search early.

In our 30 years serving in the TN, GA, AL real estate industry, we’ve helped our Clients succeed in multiple upticks and downturns. Whether your 2020 involves moving, investing, or simply monitoring the pulse of the market, we’re honored to be your real estate resource.

Here to help,

Todd Henon

Broker: TN, GA, AL

Top 1% Greater Chattanooga Realtors

Chattanooga’s Only Accredited Land Consultant


Todd Henon Properties is a leading Chattanooga-based real estate team serving Tennessee, Georgia and Alabama since 2000. Headquartered at Keller Williams Realty Downtown, Todd Henon Properties is in the top 1 percent of Chattanooga Realtors in sales volume and the top 3 percent of Keller Williams agents worldwide. Specializing in homes, estates, land and farms, Henon’s seasoned team of in-town, neighborhood, and acreage specialists are known for their expertise in traditional and unique properties at all price points.


Whether buying or selling, residential or acreage, in-town or rural, our Todd Henon Properties Team would be honored to assist you.

To learn how we can add value to your purchase or sale, contact us.

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Henon Profiled in National Land Magazine

Chattanooga’s Accredited Land Consultant and residential real estate veteran Todd Henon was recently tapped for his expertise in acreage: development, investment, and recreation. The quarterly, national Land Magazine is distributed nationwide to Land Buyers, Owners, and Brokers. Click here to view the Winter 2019 issue of Land Magazine online.

Read on to get to know Todd and the unique niche which has been thoughtfully layered onto Todd Henon Properties’ robust residential portfolio.

 Where do you live? Chattanooga, Tennessee 

Where do you work? Tennessee, Georgia, Alabama 

What drew you to ranch and recreational real estate? I grew up doing chores on my grandparents’ Kentucky farm, and caving, hunting and fly fishing from Florida to South Dakota. Passion for wisely stewarding the outdoors makes it a privilege to serve like-minded clients. 

What makes the corner of the world where you work special? The confluence of the Tennessee, Georgia and Alabama borders offers a lifestyle of year-round recreation gifted by the Tennessee River watershed and easy access to the Great Smoky Mountains. Sportsmen and landowners are drawn by our world-renowned outdoor opportunities: trout and bass fishing, hiking, rock climbing, hang gliding, hunting and boating. No Tennessee state income tax, affordability and top educational institutions make our area a desirable place to raise a family or retire. Within 90 minutes of several major cities, it’s not uncommon to walk out your back door to hunt deer or turkey in the morning then head to a Broadway show downtown that night. 

What are the three most important tools in a ranch broker’s kit? 1—Land app, 2—Intrinsic knowledge of land and creativity for its highest and best use and 3—in the South. . . Deet 

If you could call anywhere on the planet home, where would it be? Why? I love fly fishing and hunting around the world, but there is something special about coming “home” to Tennessee. Our scenic mountain views, clean waterways, vibrant wildlife in pastures and woodlands, colorful flora and fauna and our moderate climate are ensconced in entrepreneurial innovation and rich history. Especially with three grandkids nearby, my wife and I would choose our hometown of Signal Mountain, Tennessee, every day. 

What’s the most profound lesson you’ve learned from the land or its people? Responsibility and stewardship 

Listener or talker? Listener 

If you had one extra hour of time per day, how would you use it? Outside. . . whether helping clients develop vision around a piece of land, chopping wood or casting flies 

Would you rather be without Internet for a week or your phone? Internet. I can “old school” real estate on my phone and maintain a high level of productivity. Technology certainly makes our days more scalable, but there have been many-a-successful land brokers able to sell thousands of acres just by knowing his/her area and members of the community well. 

If you could give one sentence advice about how to live life, what would that be? Hard work + trust in God’s provision will win the day. 

Describe your perfect work day. Everyone on my team leveraging their gifts and talents at full capacity, while I guide a client through a sale or purchase that enables them to fulfill their vision and move into their next chapter. 

What is your most memorable deal to date? Lightning struck twice when our team helped sensitively transition our seller—an injured cattleman—from his beloved acreage by connecting him with an international dog field trial champion. After a nationwide search, we helped our buyer convert this stunning 193-acre Georgia farm into a beautiful home and perfect venue for global competitions at which our team pitched in to barbecue and extend Southern hospitality. It’s rewarding to see one property fulfill two important dreams. 


Todd Henon Properties is a leading Chattanooga-based real estate team serving Tennessee, Georgia and Alabama since 2000. Headquartered at Keller Williams Realty Downtown, Todd Henon Properties is in the top 1 percent of Chattanooga Realtors in sales volume and the top 3 percent of Keller Williams agents worldwide. Specializing in homes, estates, land and farms, Henon’s seasoned team of in-town, neighborhood, and acreage specialists are known for their expertise in traditional and unique properties at all price points.


Whether buying or selling, residential or acreage, in-town or rural, our Todd Henon Properties Team would be honored to share our two decades of experience with you.

To learn how we can add value to your purchase or sale, contact us.

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Current Historic Housing Boom

Listen >> 3:54 Minutes

“One of the biggest housing booms in U.S. history,”

is what top economists are calling the current market. Since 2012, home prices have risen 50% nationwide, NPR reported yesterday.

The big question: Will it last?

Our local Chattanooga market has seen exponential growth–thanks to Volkswagen, Amazon, and our extensive outdoor activities–with the 2018 population coming in over half a million residents. Tennessee’s population has grown to 6.77 million as of January 2019. These factors contribute to the “explosion in demand” NPR’s Greg Rosalsky references in the NPR report.

Skylar Olsen, the director of economic research at Zillow, says this increase in home values has been driven by an explosion in demand. This demand has been fueled by low interest rates, an improving economy.

GREG ROSALSKY, NPR NEWS

And right now it’s clearly good to be selling a house. Since home prices hit their bottom after the crash, we’ve seen one of the biggest housing booms in U.S. history.

GREG ROSALSKY, NPR NEWS

If you’re ready to maximize this historic market or curious what it means for you, let’s have a conversation. We’re honored to be your real estate resource. 

423.664.1914 direct

Todd Henon

Broker: TN, GA, AL

TODD HENON PROPERTIES

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Henon Gains Elite Accredited Land Consultant Designation

FIRST AND ONLY CHATTANOOGA-AREA REALTOR TO GAIN ELITE LAND CONSULTANT CREDENTIAL

“When Mark Twain said, ‘Buy land, they’re not making it anymore,’ he articulated perfectly the value of one of the Tri-states’ greatest natural and commercial resources.”

Todd Henon, Broker-Agent TN, GA, AL

TODD HENON PROPERTIES, Chattanooga

August 15, 2018 (CHATTANOOGA, Tenn.)– Chattanooga-based Realtor-Broker Todd Henon, of Todd Henon Properties is the first and only of the 1,800 Realtors in Greater Chattanooga to join the ranks of those holding the elite Accredited Land Consultant (ALC) designation. A 20-year residential real estate leader serving Tenn., Ga., and Ala., and a 10-year TN-licensed contractor, Henon is now also among the most dedicated land professionals from around the globe.

Nominated by other ALCs for the rigorous program, Henon is one of only 14 ALCs in Tennessee and 510 worldwide. The REALTORS® Land Institute (RLI) confers the Accredited Land Consultant (ALC) credential which is recognized throughout the industry as the pinnacle of achievement for land real estate professionals.

As an ALC, Henon brings to clients in-depth knowledge in all aspects of development, taxation, investment, brokerage, subdividing, zoning, conservation, and planning in agricultural, transitional, timberland, historic, and recreational properties. Through the ALC network, he is able to tap cutting-edge industry data and his strong network of fellow land professionals worldwide, ensuring his clients receive elite expertise and service when buying or selling acreage.

 “Raw land sales in greater Chattanooga have increased 61% since 2013,” Henon said. “In our Tri-state market—with our reliance on attracting international industry, new housing options for our rapidly rising population, and preserving our recreational assets and scenic acreage the maximization of land is critical. As an Accredited Land Consultant, my real estate Team is now more equipped to bring the global market to Tri-state land owners and buyers. Not only our clients, but our entire community benefits from our cutting-edge strategies, expertise, and professional network to help land owners and purchasers from around the world determine the highest and best usage of one of our area’s most important resources.”  –Todd Henon

Todd Henon Properties is a leading Chattanooga-based real estate team serving Tennessee, Georgia and Alabama since 2000. Headquartered at Keller Williams Realty Downtown, Todd Henon Properties is in the top 1 percent of Chattanooga Realtors in sales volume and the top 3 percent of Keller Williams agents worldwide. Specializing in homes, estates, land and farms, Henon’s seasoned team of in-town, neighborhood, and acreage specialists are known for their expertise in traditional and unique properties at all price points.


Ready to learn your property’s value in today’s competitive market?

Click here to request your complimentary market analysis!


423.664.1914     |     ToddHenon.com

For more than 20 years, Todd Henon Properties has delivered the highest standard of intelligent, fair, and reliable service, nurturing lasting relationships through our unquestionable value and loyalty.

When you’re ready to SELL, BUY, or EXPLORE, we’re here for all the seasons of your life.

Contact Us

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Signal Stories: Reflections on a Chattanooga mountain

Nooga.com article, September 18, 2017

By Todd Henon, Broker, TN, GA, AL

 

 

 

 

 

Chattanooga’s Signal Mountain has a rich history. As a kid, I remember finding Native American arrowheads and looking for Civil War mini-balls from battles that took place on the mountaintop.

Today, Signal Mountain is one of the most desirable places for locals and transplants alike who want clean air and wide-open spaces within minutes of the city. Bloomberg Businessweek named Signal Mountain one of the best places to raise kids a few years back.

I can attest to that, having grown up and raised my kids on Signal, which has a population of just under 8,600. The reasons are plentiful: stunning views, hiking trails and swimming holes, a slower pace, activities and adventures for young and old, and a truly connected community.

I have endless tales (tall and small) about great people and places—past and present—in our community. I thought you might want to check out a few of my favorite Signal Stories.

“Our Mountain”

My family recently welcomed a fourth-generation Signal Mountain resident, my granddaughter.

My parents came here in the ’60s, looking for a beautiful, safe, friendly place to raise my siblings and me. I stayed and raised my own children here, and now, my grandchildren will experience the same upbringing.

Signal Mountain is home to amazing schools and is one of the country’s safest communities. The views and the wildlife presence lend an air of country living to the mountain’s convenient location, which is less than 20 minutes from downtown Chattanooga.

Sure, a lot has changed on Signal through the years, but the most important things haven’t: the values, friendships, scenery and irreplaceable small-town feel. I couldn’t want anything more for my family. Read more.

“The Dinner Bell”

About this time every year, I begin to grieve the loss of summer and long for the golden days of my years growing up on Signal, when my buddies and I knew how to pack 28 hours of activity into every day remaining before school started. I didn’t dislike school, but I didn’t love it the way I loved spending days with my friends exploring caves, swimming in Rainbow Lake, hiking the paths of the Cumberland Trail and rappelling off rocks. We fancied ourselves Signal’s very own Tom Sawyers and Huck Finns. It was the 1970s, and we felt completely safe. Our parents felt safe, too. Their only rule was to stay within earshot of the dinner bell.

My summers are spent a little differently now, but it thrills me to see the next generation exploring all Signal Mountain has to offer the way we used to … and I hope their parents still occasionally ring a dinner bell. Read more.

“‘Bee-ing’ Neighborly”

Like clockwork, since the 1960s, a small bear with fresh Signal Mountain honey has “magically” appeared in my neighborhood’s mailboxes. No note. No signature. But I know who put it there … and why.

My neighbor Joe Lockhart has been a master beekeeper on Signal for 50-plus years. He’s also a 7-foot-tall, legendary connection to the history and spirit of our mountain. He remembers driving the winding and steep Roberts Mill Road in the snow before it was paved; he served in the Army and played “All World” softball in Chattanooga’s Textile League. He turned down a pro ball offer to raise his family, then skillfully coached me and countless Signal kids in Dixie League. As a coach, he taught me a lot. As a man, he has taught me even more.

For more than five decades, Lockhart and his wife have left the little unmarked honey bottles in their neighbors’ mailboxes. When their children were little, they’d load up in the car to complete this secret ritual on Christmas Eve. Today, his children and grandchildren carry on Joe’s tradition in their own neighborhoods in Tennessee and Georgia.

Joe’s annual honey bear is a symbol of one of the things I love most about our mountain: selfless investment in a neighbor’s well-being. While there’s never a note with the honey, the small gift delivers a big message: “I’m here for you if you need me; thanks for being a good neighbor. I care about you, and I hope all is well.” Joe and his family have helped teach me, and others, the art of “bee-ing” neighborly … Signal Mountain neighborly. Read more.

For more Signal Stories, visit ToddHenon.com/SignalStories.

More from Todd Henon Properties Team


Ready to learn your property’s value in today’s competitive market?

Click here to request your complimentary market analysis!


423.664.1914     |     ToddHenon.com

For more than 20 years, Todd Henon Properties has delivered the highest standard of intelligent, fair, and reliable service, nurturing lasting relationships though our unquestionable value and loyalty.

When you’re ready to SELL, BUY, or EXPLORE, we’re here for all the seasons of your life.

Contact Us


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Unique Properties: A look at some (more) gems in the Chattanooga real estate market (with photos)

Nooga.com article, September 18, 2017

By Todd Henon, Broker, TN, GA, AL

 

 

 

 

 

Chattanooga is one-of-a-kind in many ways: its stunning mountain scenery, rich history and endless outdoor opportunities so near to our downtown Riverfront.

The Scenic City’s real estate opportunities also reflect the originality of this gorgeous city. Take a look at some of Chattanooga’s unique properties currently on the market:

 A unique lake house: 8110 Island Point Drive (Harrison)
This home is for the true entertaining enthusiast. From an outside bar to 600-plus feet of lakefront space, this home is a haven for kayakers, canoers, boaters, paddleboarders and even those who simply enjoy outdoor entertaining. Inside, the 6,300-square-foot home features breathtaking views, huge living and dining spaces, a closet you could live in, and a fireplace next to a soaker tub. This is a home you’ll never want to leave.

A unique lifestyle: 1088 County Road 741 (Ider, Alabama)
Ever want to just get away from it all? It’s easy to do on this property, situated on 5 acres in North Alabama. Curl up on the built-in window seat and read a book while a pot of comfort food simmers on the stove in the custom kitchen. This 1905 farmhouse was has been updated with all the modern conveniences, including energy-efficient windows. Several detached buildings are on the property, including an office and chicken coop, as well as a setup to make your dream of gardening your own food come true.

A unique view: 120 N. Pointe Road (Ringgold)
This well-maintained home is on a quiet cul-de-sac not far from Chattanooga and is all you could want in single-story living. The 3,000-plus square feet contain four bedrooms and four bathrooms, as well as a bonus room above the garage. It’s just a hop, skip, and a jump from Costco, Bass Pro Shops, Hamilton Place and downtown Chattanooga. But the views are what truly set this home apart. There’s no better place to sip your morning coffee or grill out with your family than on this open-air deck with stunning vistas to take in.

A unique piece of land: Hixson Springs Road (Signal Mountain)
Acquiring a piece of land to build on in the future is not the unattainable goal many think it is. If you want to purchase a slice of Mother Nature to move to one day, check out this property. These 34 wooded acres, bordering the desirable Boston Branch community, include a babbling brook, as well as two former hayfields that would be great for animals. Enjoy access to and use of Boston Branch’s amenities (hiking trails, stocked lake, etc.) without the restrictions.

A unique estate: 1209 Laurel Springs Way (Signal Mountain)
This gorgeous, meticulously maintained home is all about the details. From a hand-carved mantle to a saltwater pool, from laundry chutes to multiple fireplaces, the little extras in this home add up to big impact. Its six bedrooms and eight bathrooms (six full, two half-baths) make it great for large families or those who love to entertain overnight guests. Enjoy the benefits of a professionally landscaped yard while being surrounded by 5-plus quiet and private wooded acres. And for even more privacy, it is located at the end of a cul-de-sac.

More from Todd Henon Properties Team


Ready to learn your property’s value in today’s competitive market?

Click here to request your complimentary market analysis!


423.664.1914     |     ToddHenon.com

For more than 20 years, Todd Henon Properties has delivered the highest standard of intelligent, fair, and reliable service, nurturing lasting relationships though our unquestionable value and loyalty.

When you’re ready to SELL, BUY, or EXPLORE, we’re here for all the seasons of your life.

Contact Us


Search For Properties

 View Featured Properties

Like Todd Henon Properties on Facebook

Follow Todd Henon Properties on Instagram

 

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Summer simplicity: Creating home elegance with less

145 Palisades Drive, Signal Mountain, TN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nooga.com article, May 22, 2017

By Todd Henon, Broker, TN, GA, AL

 

 

 

 

 

Simplifying, minimizing—whatever buzzword you want to use—is trendy at the moment, with capsule wardrobes, tiny houses and digitally archiving part of the movement. The trend is a good one, not just for the pocketbook but for the mind. Studies have shown that we’re at our best in most aspects of life when we aren’t surrounded by unnecessary stuff.

As a Realtor, though, I see plenty of sellers clinging steadfastly to things that would add more value to their home packed away rather than lying out. With 90 percent of the homes I walk into, I tell the owners to put away half their things before we list it. Those who heed the advice tend to see a much faster sale.

Depersonalizing your home typically creates a faster sale for a few reasons. Firstly, your home is a commodity as soon as we put the sign in the yard. It is now an item for sale, with many scrutinizing eyes driving by and looking online. The entire world will be looking at the inside of your home. The market—the buyers—will decide what décor is acceptable. Sellers typically underestimate what buyers are willing to look past! For example, imagine you have a wine-themed kitchen with grapevines along the cabinets, wine-themed placemats, wine-themed curtains, wine-themed rugs and every type of wine glass available in the china cabinet. You’ve spent years tweaking and refining your style, and finally, it’s perfect for you. Now bring in a buyer who doesn’t drink, and your taste may have just killed the potential sale.

Secondly, buyers find it hard to imagine the home when your family photos are sprinkled throughout the house. Let’s face it, buyers look at your photos and jump to conclusions about your situation and why you might be moving, and are totally distracted. Just as you wouldn’t leave out medication for a health condition, don’t leave the opportunity for buyers to know your personal, private affairs.

Think of this from a buyer’s perspective—a family home of 30 years as opposed to a newly constructed model home. Both are cozy and furnished, but one feels like “someone else’s home” and the other is ready to become your home. Additionally, the family home of decades likely has items that haven’t been touched in years, whereas the new home has the potential to be filled with your own items and memories.

Thirdly, show off the features of your home. Don’t cover up the marble countertops with a seldom-used toaster oven. Pull up the rugs to show off the hardwood and tile floors. Clear off the stainless steel refrigerator, pick up, straighten up, and pack up.

But even if you aren’t selling now or anytime soon, jumping on the “less is more” bandwagon will benefit your life in more ways than you probably think. When you are not weighed down by “stuff,” you feel more agile and ready to transition easily into different jobs, stages of life or a greater feeling of calm. It’s also a timesaver: The National Association of Professional Organizers reports we spend one year of our lives looking for lost items. I’d rather spend that year fishing … wouldn’t you?

Simplifying tactics
One way to keep your clutter to a minimum is to make your attic, closets, basement and garage work for you. (Be careful with your garage, though; the U.S. Department of Energy reports that one-quarter of people with two-car garages have so much stuff in there they can’t park a car.) Create storage for things you need but don’t use regularly. Check out home improvement stores and Pinterest for countless space-saving storage options.

Downsize regularly. This means going through the kids’ toy chests and digging through your closet at least once a year, if not once a season. If they don’t play with it and you don’t wear it, donate it or sell it. Simplifying is a lifestyle you must practice regularly, as unnecessary objects have a sneaky way of coming into our homes, despite our best efforts.

A great way to keep a simple home is to have a donation/sale box in the garage or a closet so your family members have easy access to a place for things they no longer want or need. The temptation to shove something under a bed or in a drawer is minimized when everyone in your home knows where to take something they are ready to get rid of. Then, a few times a year, either donate or sell the unwanted items.

Implementing—and sticking to—these strategies will enhance your home, family and mind. And, when and if you do put your home on the market, you’ll be ahead of the curve in having your home market-ready.

 

More from Todd Henon Properties Team


Ready to learn your property’s value in today’s competitive market?

Click here to request your complimentary market analysis!


423.664.1914     |     ToddHenon.com