What Do Recent Clarksville Market Trends Mean for Home Values?

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Today, I want to take a look at market data for 2014, 2015, and 2016 in order to get a better idea of where our market might be heading. Taking a step back and looking at trends is a great way to anticipate what’s to come in our area. 

In 2014, we had 371 closed properties. In 2015, the number fell slightly to 361. However, this year, we’ve already closed a whopping 423 homes for an increase of 17%! 

In 2014, the average listing price was at $154,700. It rose in 2015 to $162,000 before rising just a bit this year to $163,100. It’s a small rise in price, but we think that home values are only going to continue appreciating throughout the year. 

For the average sales price, we saw a substantial increase between 2014 and 2015, from $151,600 to $160,300. This year, the average sales prices have only risen a bit, to $160,500. What these statistics tell me is that the market is growing at a slower, but more sustainable, rate -- which is great news for area homeowners.

The average days on market has been holding pretty steady over the last few years, bouncing from 92 days in 2014 to 89 days  2015 back up to 98 days in 2016. The average list-to-sale-price ratio has also been pretty steady. In 2014 it was hovering around 98%, and is currently at 98.4%. In other words, sellers are getting  what they ask for their home which is indicative of a healthy market. 

These numbers are a good sign for the Clarksville area real estate market, and we only expect them to improve. If you have any questions about conditions in your neighborhood, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!

Where Is the Clarksville Market Heading?

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Selling a home? Click here for a FREE Home Value Report

Today, we're here with your Clarksville real estate market update. We'll also be comparing the current numbers to the market earlier this year and the 2014 market as well.

Right now, there are 2,063 active properties on the market. From January 1st to today, 2,633 properties have gone to closing. During the same time period for 2014, we closed 2,586 properties. As you can see, the market is very active and we have sold more homes this year than last year.

The current average list price for a home is $170,700. In 2014, the average list price was $166,800. That is about a $4,000 increase in list price. This year, the average sales price is $168,000, and in 2014, it was $164,300. Again, we have seen about a $4,000 increase in sales price as well.

Currently, properties spend an average of 92 days on the market. Sellers are getting nearly their entire asking price on average, as the list-to-sale price ratio in Clarksville is 98.5%.

What does this mean for you? Sellers, if you're looking to sell a house, now is a great time. If you price your home correctly and the property is in immaculate condition, you can get multiple offers easily. Buyers, if you find the right house for you, go ahead and make an offer right away.

If you have any questions for me, please give me a call or send me an email. I would be happy to help you!

How Should You Handle Multiple Offer Scenarios in Clarksville?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

Today we'll be discussing multiple offer situations and how you should handle them whether you're buying or selling. There are different strategies that you need to know for both situations.

When you're competing in a bidding war as a buyer, there are a few things you can do to make your offer stand out. Getting the highest price is a good idea, but there are other things that you can do. You can always offer to pay for more closing costs or shorten the closing period. These terms are also things that sellers like to see, and they could get you the home if you make the right offer.

One other thing you can do as a buyer is write a personal letter to the seller. This way, you become a face instead of a number, and you have much more emotional pull this way.

As a seller, cash is not always king when choosing from different offers. Look over the terms. Someone who is willing to pay for closing costs but offers less on the home itself may actually be a better deal than someone who won't pay closing costs but will pay more for the home. If you need to close quickly, then perhaps someone with a short closing period is your best bet.

Multiple offers can be overwhelming for buyers and sellers. If you're finding yourself in a situation where you need to make these kinds of decisions, please don't hesitate to contact me. I'm always here to help you!

Clarksville Real Estate Market Update

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

Today, I'll give you a brief update on the Clarksville real estate market.

Right now, there are 2,024 active homes on the market, and we have closed 1,997 properties. In 2014, we closed 2,008 properties, so we're down just a little bit this year.

However, in 2015, the average list price is $170,000, and in 2014, the average list price was $165,000. The average price at closing is $167,500, and in 2014, it was $162,600. As you can see, we've seen about a $5,000 increase in list and sale price. Our average days on market is 92, and the list to sales price ratio is at 98.52%.

What do all of these numbers mean? Ultimately, it means that Clarksville is currently in a balanced market. Sellers, if you price your home correctly and it's in immaculate condition, you could sell quickly with multiple offers. Buyers, interest rates are still very low, and if you find a home you like, do not hesitate.


If you have any questions about today's video or about real estate in general, give me a call or send me an email. I'd be happy to help you!