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.
* Question: By many accounts, the past year has been challenging for the local and national real estate market. Please explain why, or why not.
Vaughn: The national media has tried to convince us of how bad the real estate market is, with all the foreclosures and trouble in the subprime mortgage business, but 2007 will be remembered as one of the best real estate years in Clarksville's history with over 4,000 homes sold.
Fort Campbell is a very important part of our community and we miss them any time they deploy, but unlike the first Gulf War with the uncertainty over the length of deployment, today families tend to stay in Clarksville knowing when their loved one will be home at a given time.
Industry plays a major role in the vitality of our town and I believe we have a robust, mixture of industry, and I'm pleased to see our local political leaders being aggressive in the pursuit of new industry.
With a great relationship with Fort Campbell, a good industrial base, aggressive industrial recruiting, coupled with contained low interest rates and positive recognition nationally such as the recent report by Kiplinger Magazine (January 2008), things are good. The Kiplinger article quotes a survey by Fiserv Lending Solutions that states they expect Clarksville, Tennessee, to lead the way through 2009 with a projected 6.4 percent increase in home prices.
Many cities all over the U.S. are projected to lose as much as 15 percent a year.
The article should be very encouraging to those that own or plan to buy a home in the near future.
Any time Clarksville can be mentioned nationally in such a positive manner is good news for everyone. It's obvious I'm extremely positive on Clarksville and what the future holds for our community.
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