Clarksville, Tennessee Real Estate Is Strong!

Most are aware of the gloom & doom is the nation's real estate market. However, Realtors' can all agree; real estate is local; or at least, it's all about location, location, location.

There is a local-location in Northwest Middle Tennessee. It is shining bright, among all the bad news. This local-location is Clarksville, TN in Montgomery County and its real estate market is strong.

Consider this; in 2006, Clarksville-Montgomery County had a record setting year.

• There were 4,127 closed residential homes
• With an average sales price of $137,083
• This is coming from an estimated population of 144,000 plus

Then, stop and compare 2006 to 2007.

• In 2007, Clarksville-Montgomery County had 4,226 closed residential homes
• With an average sales price of $144,078

Steady growth in Clarksville TN is the trend.

Take into consideration; these numbers do not reflect other categories, such as condominium, multi-family, land, and commercial sales, which are also all trending up. Moreover, there are other contributing counties not reflected herein, for instance Stewart, Houston, parts of Robertson, & Cheatham Counties, and bordering counties in Kentucky. Numbers drawn from RealTracs Solutions (the local MLS) show these counties are growing, as well.

Others have taken notice of this growth.

A report from Kiplinger's Personal Finance magazine projected Clarksville, Tennessee to have the largest increase in the nation, with a 6.4% gain through 2009. (Fivser, a provider of technology solutions to the financial world, was Kiplinger's source.) Other media, such as News Channel 5, The Tennessean, The Nashville Business Journal, and The Leaf Chronicle also picked up this report.

Why is Clarksville Growing?  Read the rest of the article by David Greene, Crye-Leike Managing Broker at Clarksville Real Estate market report.