Janie's Blog Clarksville,TN Real Estate Marketing Expert

Clarksville, Tennessee Real Estate Is Strong!

Clarksville is a beautiful city in Northwest Middle Tennessee.  I know you've heard of it, that is if you've been listening to the news lately.  Of course, the media likes to paint the terrible picture of the housing markets, but Clarksville is one to brag about.  Or at least I do.  Just this week, Clarksville was on the news again!  Did you know it's the 10th fastest growing city in the U.S.  The entire United States of America, and Clarksville is number 10.  Well, I want to take a moment and let you know what is contributing to this growth. And, to say thank you to everyone that reads this blog.  Without you, we would not be here.

 According to the MLS 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

Comparing 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 is also reflected in other categories, such as condominium, multi-family, land, and commercial sales, which are also all trending upwards. 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, as did every news media in the country.  Including Fox News.

Why is Clarksville Growing? The Major Reason - Fort Campbell Army Post.

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Clarksville-Montgomery County attributes a large part of its growth to Fort Campbell, Kentucky. Fort Campbell is a major United States Army Post.  The addess for the post is Kentucky, but the majority of the land mass of the post is in Clarksville, TN.  The current population of the Post is approximately 30,000 soldiers, with 55,000 family members, and 4,000 civil service employees.  Clarksville, TN is honored to be a part of Fort Campbell, Kentucky.

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

Fort Campbell is the largest employer in both Kentucky and Tennessee. Recognizing 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.

• Austin Peay 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. Inadditon, Nashville is only 40-miles away. 

Business & Economic Development. 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. 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 part of the economy.

Article compliments of Janie Masterson, Crye-Leike, Realtors   Welcome to Clarksville, TN

www.janiemasterson.com