Condo Report for Clarksville TN October 2016
The Clarksville TN Condos are very popular with buyers looking for a care-free lifestyle. Condo sales have really picked up after many years of sluggish sales.
Since the beginning of 2013
In 2013 there were 52 sold condos in Clarksville with an average sales price of $135,000.
In 2014 there were 42 sold condos in Clarksville with an average sales price of $135,288.
In 2015 there were 53 sold condos in Clarksville with an average sales price of $141,545.
So far in 2016 there were 41 sold condos in Clarksville with an average sales price of $151,855.
Prices are rising with 2016 seeing the largest increase over the year before of 7%.
Why People Like Condo Living
It is the security and sense of belonging to a community. It is usually maintenance free when it comes to the outside. Neighbors tend to know one another and look out for each other. Residents like to socialize at the clubhouse, swimming pools and like having more free time for themselves.
Do all condos have an HOA?
Most have well managed Homeowner Associations. There is a monthly assessment to cover the managing the community, its common elements and facilities. Commons elements are open space land, walkways, tennis courts, swimming pools, clubhouses, picnic areas and playgrounds.
HOA's cover the maintenance on roofs, gutters, exterior siding and are maintained on a regular schedule and an planned budget. There is a Master Insurance Policy that covers the structures and liability. Each month a portion of the HOA fee is set aside to cover future repairs.
Here are some Condominiums Communities in Clarksville
Not many condos have been built in Clarksville TN in the last 10 years. Financing became difficult and building stopped. Many sat on the market for months and into years waiting for the market to recover from the Great Recession.
Here are the choices for condo neighborhoods in Clarksville TN:
Abby Lynn, Channing Place, Cullom Grove, High Point Place, Hillcrest Commons, Kingsbury Condos, Kingswood Gardens, Laurel Park, Magnolia Place, Madison Condos, Madison Manor, Miller Estates, Northpark, Riverwood Condos, Townsend Condos, Wilson Green, Villas of Rudolphtown, Woodlands and Woody Lane. Some of these communities for financing purposes are considered PUDs and VA and FHA financing is just like any other single family neighborhood.
Interested in a condo? Give me a call. Clarksville TN Relal Estate Agent Debbie Reynolds at 931-320-6730.
2130 Wilma Rudolph Blvd.
Clarksville, TN 37040
it would be my pleasure to assist you!
"The Real Debbie Reynolds"
931-771-9070 Office | 931-320-6730 Cell