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? One of the Reasons - Fort Campbell Army Post.
By large part, Clarksville-Montgomery County attributes its growth to
Fort Campbell, Kentucky.
Fort Campbell is a major United States Army Post. The current
population of the Post is approximately 30,000 soldiers, with 55,000
family members, and 4,000 civil service employees.
The Post is home to:
- The honored 101st Airborne Division
- The 160th Special Operations Aviation Regiment
- The 5th Special Forces Group
- The 101st Corps Support Group
This proves why Fort Campbell is the largest employer in both Kentucky
and Tennessee. It should be recognized that approximately 75% of the
real estate of the Post is located in Montgomery County, Tennessee.
Why is Clarksville Growing? Another Reason - Austin Peay State University.
Austin Peay State University
(APSU) is another contributing force.
- Employees approximately 600 people.
- Current enrollment is over 9,000 students.
- Graduates approximately 1,000 students per year, a large number
of which choose to stay in Clarksville to contribute to the economy
and community.
These decisions alone are a great tribute to any college town, when
their alumni would choose to settle. As we say, "Let's Go Peay!"
Why is Clarksville Growing? More Reasons...
Retail. Clarksville has a thriving retail market, as well. There
are three main arteries heading out of the centrally located downtown,
Cumberland River district. Each area is completely self-contained,
with retail, businesses, and housing.
Retirement Communities. Clarksville-Montgomery County is also an
attractive city for retirees for several reasons. To start with, 75%
of the continental United States can be reached in a days travel.
Next, veteran retirees need to live within 40-miles of a military
installation to take full advantage of benefits. In addition, a major
city, Nashville, is only 40-miles away. Finally, the well-rounded
economy and community desires their presence.
Business & Economic Development. Moreover, Clarksville-Montgomery
County is a stable home for many international businesses.
The Corporate Business Park is loaded with more than 20 major companies.
The Industrial Development Board has designated approximately 3,000
acres for the business park adjacent to Interstate-24, of which is not
full. Therefore, Clarksville-Montgomery County is actively searching
for new companies.
There are other well-deserved mentions for Clarksville-Montgomery County’s growth.
- The new Clarksville Memorial Hospital is a 200-million dollar
project.
- Clarksville-Montgomery County Home Builders Association has a
very experienced group of contractors/developers and they are an
extremely strong leg of the economy.
- Always first in appreciation are the city & county governments,
law enforcement, fire departments, emergency responders and city
employees. They are the best at keeping the vitals flowing.
- After everything else is the face of the community, the Clarksville
Association of Realtors puts forth a great first impression.
Certainty, real estate is only as good as the current economy and
community; it's local. It is believed, we normally get what we shoot
for. Better yet, a solid effort will produce a solid result.
Clarksville-Montgomery County desires to grow and its efforts are
producing results.
You may also be interested in more information on
Clarksville TN real estate
Article Courtesy of:
David Greene
Managing Broker
Crye-Leike, Realtors
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