5 Myths about Clarksville's Real Estate Market:
1. The housing market is terrible.
2. Every other house has a "for sale" sign in the yard.
3. Clarksville has a record number of foreclosures.
4. Builders are hurting, so a new home can be purchased well under cost.
5. Sellers will do anything to unload their home.
I get so tired of all the media with their gloom and doom stories. I truly believe they sensationalize to try and out do the competition. Yes, the financial market has problems and in most regions of the US you will find areas that have a large amount of foreclosures. Real Estate is and always will be a local business though, granted the internet has changed the way we do business and greatly enhanced the quality of service real estate agents can offer their clients. All factors (lending practices, unemployment, income, etc.) are not the same in every city of our country. I found an article from the Nashville Tennessean dated 2-5-05 that stated (source www.foreclosures.com) area code 37042 had experienced 326 foreclosures in the past year. I checked www.foreclosures.com today and all area codes in the Clarksville/Montgomery County area collectively have 106 homes in foreclosure. September 1, 2007 Clarksville had 1614 single family homes on the market, compared to 1803 as of September 1, 2008. September of 2007 homes were selling for 98.71% of list price with an average of 63 days on the market, compared to September 2008 with homes selling for 97.71% of list price and an average of 93 days on the market. One more fact, the average home in September of 2007 closed at $149,060.00 and in September of 2008 the average closed price was $$155,665.00 (source MTMLS). I realize I have inundated you with figures, but the comparison clearly shows the Clarksville Tennessee Real Estate market is very healthy. I encourage you to visit www.thevaughnteam.com to learn more about the Clarksville/Fort Campbell area or to view all the homes currently on the market.
Daylight savings time starts in 34 days and warmer weather is sure to
follow. About the only bright spot for January was the robust home
sales we experienced in Clarksville. 267 Clarksville homes sold during the month at
98% of list price and an average of 92 days on the market. I understand
other areas of the country are experiencing a down turn, but
Clarksville Real Estate is going strong. Interest rates are dropping
and with 1558 Clarksville homes for sale the outlook for 2008 is very bright. The VaughnTeam.com Real Estate
2007 is now history and January is time to prepare for what is sure to be an exciting 2008., but first let me say Clarksville's Real Estate market closed the year strong with over 4,000 homes being sold. 2007 will go down in history as one of the the better years for home sales in our area.
* Question: Please talk about some of the specific development projects you are involved in.
Vaughn: I'm a partner in Stonebrook Subdivision just off Dunbar Cave Road, and Prestwicke Subdivision on Drake Road.
Both of the developments are upscale communities with all the amenities.
In early spring we will be opening a new development, Hickory Wild, located on Dunlop Road not too far from the new hospital.ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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