What Do Recent Clarksville Market Trends Mean for Home Values?



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!
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Location: Clarksville, TN, USA

Where Are Interest Rates Going to Be Heading?



Today we are very excited to be joined by Yolanda Stewart, a Mortgage Loan Officer from F&M Bank with over 17 years of experience. She’s a retired military officer, and is here today to answer some of the most common questions we’ve been getting about loans and interest rates. Let’s start off with the big question we’ve been getting, what are the current interest rates?



Rates are dynamic, and always subject to change. They are also based on a buyer’s individual case. However, Yolanda currently offers rates as low as 3.25% for a 30-year fixed VA or FHA mortgage, and rates as low as 3.75% on conventional 30-year fixed loans.

Rates have held steady as of late, and have even dipped down in the last few weeks. Even people with fairly decent credit scores can take advantage of these low rates. We can get someone with a credit score of 600 or above that same 3.25% interest rate on a 30-year fixed mortgage.

Yolanda works with some of the top mortgage banks in the country, and it allows her to compete with anyone out there for the lowest price. She is a correspondent lender, meaning that she has met the criteria to function as an extension of the big banks, and offer rates even lower than they can.


There are many factors that affect interest rates, including things you can and can’t control. Inflation is one of those things you can’t control. If it’s high, rates will be high too. The same goes with home demand. When home demand picks up, so do interest rates.

There are, however, factors you can control. You should shop around for a rate, and don’t be afraid of doing so. When banks compete, you win. Protecting your credit and being mindful of your activity and credit card balances is also important. If you can keep them under 50% of the limit, it will keep your score low.

Although she doesn’t have a crystal ball to see into the future, Yolanda predicts that based on the most recent data and indicators, rates will hold steady at these historically low levels for the foreseeable future.

If you have any questions for us about this topic, don’t hesitate to give us a call or send us an email. We would love to hear from you!
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Location: Clarksville, TN, USA

What Makes Clarksville Such an Affordable Place to Own a Home?



To rent or to buy? That is the question for many people in the Clarksville area. There are a few things to consider.

As you know, we’re in a military market. If you’re military and have been renting, the military pays a portion of your rent. What most people don’t know, however, is that you could be using that money to purchase a home and probably spend less than what you’re spending now! Your allowance for quarters will, in many cases, cover your mortgage payment!

Even if you’re not military, it’s still beneficial to buy instead of rent. Interest rates are still incredibly low and, because rates are so high here, monthly mortgage payments are often less than the cost of rent!




If you have VA eligibility, which a lot of people do here, there is no down payment involved when buying a home! If you’re not eligible, there are still many great mortgage packages available for you! We work with some of the best lenders in the business, so we would love to help you find a financing option that works best for you.

Closing costs can sometimes come out to be as much as 4% of the sales price of the house. Here in Clarksville, being a military town, depending on what your offer is, sellers will actually pay those closing costs for you! This reinforces the fact that you can often purchase a home for much cheaper than it is to rent!

If you want to find out more about whether you’re eligible to purchase a home, please don’t hesitate to give us a call or shoot us an email. We would love to hear from you!
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Location: Clarksville, IN, USA
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