Real Estate by Debbie Reynolds: 2018 Fall Outlook for New Homes Sales in Clarksville TN

2018 Fall Outlook for New Homes Sales in Clarksville TN

New Construction Homes for Sale- Clarksville TN 

New homes with basementsNew homes have been a big part of our real estate market for many years. Over the last couple of years, new homes have represented 20 to 30% of the sales in the marketplace. in Clarksville, TN, subdivision developers and home builders have responded to the need for new homes and the fact that buyers like to buy new if they have the opportunity. As of October 10, 2018 the fall inventory of new homes is as follows:

Active Listings-478

Coming Soon- 2

Active/Contingency-114

Pending-129

Search all new homes for sale in Clarksville, TN.

 

Active Listings for new homes represent 47.3% of the total Active home inventory. Prices range from $133,000 to $559,000.

Active/Contingency Listings for new homes represent 36.3% of the total Active/Contingency home inventory.

Pending Listings for new homes represent 27% of the total Pending homes inventory.

 

It is clear that the new homes are having robust sales and are dominating the numbers of the total homes receiving the offers and contracts. Buyers wanting a new home need to make a strong offer and come prequalifed.

 

Since January 1, 2018 there have been 1027 new homes that have Closed in Clarksville TN. This number represents 23% of the total homes on the market that have Closed in Clarksville, TN.

Prices of Closed new homes ranged from $115,000 to $559,900.

 

It is important to know that the majority of new homes sales are in the $225,000-$275,000 price range. The average new home being built is priced at $272,239. New homes in Clarksville TN sell at or near list prices and there is very little negotiation. Builders are offering to pay some closing costs or will provide a refrigerator or a fence.

 

Home buyers looking for new construction homes are looking for the trends and decor as seen on HGTV.  They often expect some hardwood or laminate floors, multiple baths and deluxe baths and kitchens. The floor plans have soaring ceilings, lots of windows for light and open designs. Getting a new home means new systems like the HVAC, electrical, plumbing and appliances. These will come with new home warranties.

 

See the current inventory of all homes for sale in Clarksville TN. 

New home with basement


New Homes with basements

are not easy to find. If the terrain is sloped many builders choose to not add a basement as building a basement is very costly and there are concerns about water-proofing it. correctly.

 

They are still very popular and buyers will request them. A basement home offers possibilities to the homeowners for additional living space at less cost than building onto the home. With many people concerned with storms and strong winds, a basement can be an excellent solution to giving extra storage or being used as a storm shelter.


There are many new homes designs and styles. As I drive around Clarksville I see new neighborhoods expanding which will bring more new homes in the coming months. There are many choices for home buyers desiring new homes.
 

 

Check out the new homes for sale in Clarksville.

 

If you don't want new construction home, there are plenty of resale homes in great condition that will work. Many of the older homes have been updated to look more modern and trendy. These homes yield a good return value for the sellers. Currently there is a 2.5 to 3 month inventory of homes for sale. As we get into colder weather this number will increase.

2018 Fall Outlook for New Construction Home Sales- Clarksville TN 

 

Click here to see all homes for sale in Clarksville TN. 

Contact The Real Debbie Reynolds at 931-320-6730 for information on Clarksville TN homes. This information was gathered through data of Realtracs Solution.

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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Comment balloon 3 commentsDebbie Reynolds • September 23 2018 12:55AM

Comments

Hi Debbie, excellent post on new home sales in Clarksville, TN. Shows you know your market well!

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) 7 days ago

Good morning Debbie.  Thanks for keeping us updated about the new construction real estate market in Clarksville TN.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 6 days ago

Families on the move will certainly appreciate your local market reports.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 4 days ago

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