Camelot, Clarksville, TN Homes for Sale

Camelot, Clarksville, TN Homes for Sale June 24, 2024
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Introduction to Camelot, Clarksville, TN Real Estate

Welcome to Camelot, a charming and vibrant neighborhood in the heart of Clarksville, Tennessee. Known for its friendly community and scenic beauty, Camelot offers a unique blend of suburban tranquility and modern amenities. Whether you're a first-time homebuyer or looking to upgrade, Camelot's diverse range of properties caters to various tastes and budgets.

Clarksville itself is a growing city with a rich history and a bright future. Home to Fort Campbell, it's a city that prides itself on its military heritage and its thriving community spirit. With a mix of new developments and established neighborhoods, Clarksville, and specifically Camelot, presents an appealing option for those looking for a place to call home.

Camelot Clarksville TN Homes

Why Choose Camelot?

Camelot stands out for its excellent location, close to the bustling city life of Clarksville yet far enough to enjoy peaceful suburban living. The area is dotted with parks, local eateries, and shopping centers, offering residents a comfortable and convenient lifestyle. The neighborhood's proximity to major highways and Clarksville's city center makes it an ideal location for commuters and families alike.

Current Market Overview in Clarksville

The real estate market in Clarksville, including the Camelot area, has been experiencing a significant uptick. As of the latest reports, the median sales price of homes in Clarksville was $329,200, marking a remarkable 17% increase from the previous year. This surge in prices is a clear indicator of the area's growing demand and the robust health of the local real estate market.

Homes in Clarksville are selling faster than ever, with properties averaging just 72 days on the market. This rapid turnover is a testament to the high demand and the competitive nature of the market. It's a trend that benefits sellers, with many properties selling at or above their asking price.

Understanding the Seller's Market

Clarksville is currently a seller's market, driven by a higher demand for homes than the available inventory can meet. This dynamic puts sellers in a favorable position, often leading to multiple offers and competitive bidding on properties. For buyers, this means acting swiftly and decisively is key to securing a home in this hot market.

Despite the competitive nature of the market, Clarksville remains an attractive option for buyers at various price points. The variety of homes available, from cozy single-family homes to larger, more luxurious properties, ensures that there's something for everyone in this thriving community.

Schools and Education in Camelot Hills

When it comes to education, Camelot Hills shines with its commitment to quality learning. The neighborhood is served by three main schools: Glenellen Elementary, Northeast Middle School, and Northeast High School. These schools are known for their dedication to fostering a nurturing and effective educational environment. Glenellen Elementary boasts a solid rating, reflecting its proficiency in nurturing young minds. Northeast Middle and High Schools provide a comprehensive education, preparing students for future success.

These schools are a big draw for families, offering a mix of academic rigor and extracurricular activities. From science fairs to sports, students have ample opportunities to explore their interests. Parents in Camelot Hills can rest easy knowing their children have access to quality education right in their neighborhood.

Camelot Clarksville Homes

Camelot Hills Home Listings and Price Ranges

The real estate in Camelot Hills caters to a wide range of preferences and budgets. The area offers a variety of homes, from cozy 2-bedroom houses to more spacious 6-bedroom family homes. Recent listings include homes ranging in size from 822 square feet to a more expansive 3,582 square feet, perfect for families of all sizes.

Prices in Camelot Hills are just as varied, with recent listings showing a range from $210,000 for a quaint 2-bedroom home to $517,700 for a sprawling 6-bedroom property. These homes offer a blend of modern amenities and unique architectural styles, from classic designs to more contemporary aesthetics.

Many of these homes come with attractive features like upgraded kitchens, landscaped yards, and spacious living areas. Whether you're a first-time homebuyer or looking for a larger space for your growing family, Camelot Hills has a home that fits your needs and budget.

Demographics and Lifestyle in Clarksville

Clarksville is more than just a city; it's a vibrant community with a unique blend of urban and suburban lifestyles. With a median age of 32, it's a youthful city, buzzing with energy. Families and young professionals alike find this city appealing due to its diverse demographic spread and a near-equal gender ratio. Education is a priority here, with 92% of residents having a high school diploma. However, only 24% hold a college degree, reflecting a community that values practical skills and trades. This is reflected in the average household income of around $54,000, with 18% of the population living below the poverty line.

Living in Clarksville means embracing a lifestyle that balances work and play. The city's parks and recreational facilities cater to a range of interests, ensuring there's something for everyone. From biking trails to family-friendly parks, residents enjoy a high quality of life here. Despite this, it’s worth noting that the city is car-dependent, so having a vehicle is almost a necessity for getting around.

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Real Estate Market Predictions for 2024 in Clarksville

Market Overview and Forecasts

Clarksville's real estate market is currently a hot topic, and for good reason. As of now, the market shows no signs of a crash, with a stable and appreciating trend. The average home value in Clarksville stands at $296,736, which is a modest but steady 1.9% increase over the past year. Homes in this area are selling like hotcakes, with an average pending time of just 19 days!

Looking ahead to 2024, the forecast is promising. The Metropolitan Statistical Area (MSA) forecast for Clarksville predicts a -0.2% change by February 2024, followed by a 1.4% increase by November 2024. This suggests a resilient and growing market, making Clarksville an attractive option for homebuyers and investors alike.

When it comes to the sale-to-list ratio, the median figure as of late 2023 stands at 1.000. This means homes are selling for their asking price, a clear indicator of a strong seller’s market. Additionally, 19.3% of sales are going over the list price, showcasing the competitive nature of the market.

Architectural Styles and Home Features in Camelot

The Charm of Camelot's Homes

Camelot, Clarksville, TN, is a neighborhood where each home tells its own story. The houses here showcase a variety of architectural styles, ranging from classic American ranches to contemporary designs. Many homes in this area have been built within the last 20 to 30 years, giving them a relatively modern feel while still embodying the rich history of the region.

The average home in Camelot offers generous living spaces, commonly ranging from 1,200 to over 3,000 square feet. These homes are primarily constructed with durability and comfort in mind, featuring brick and vinyl exteriors that stand the test of time. Inside, you'll often find hardwood floors, updated kitchens with modern appliances, and spacious master suites.

Many properties in Camelot also boast sizable yards, some with well-manicured lawns and others offering a more natural, wooded ambiance. Upgrades and amenities like attached garages, outdoor decks, and energy-efficient fixtures are common, catering to a lifestyle that values both aesthetics and practicality.

Living the Dream in Camelot

Residents of Camelot enjoy the benefits of a community that balances suburban tranquility with easy access to urban amenities. With a focus on family-friendly living, many homes in this area are designed with open-concept living areas, large backyards, and community spaces that encourage neighborly interaction and outdoor activities.

For those looking for a touch of luxury, Camelot doesn't disappoint. You can find homes with custom details like stone fireplaces, gourmet kitchens, and spa-like bathrooms. These features, combined with the neighborhood's charming character, make Camelot a highly sought-after place to call home in Clarksville.

Investment Potential in Clarksville's Real Estate Market

Why Invest in Clarksville's Real Estate?

Clarksville's real estate market is a beacon for investors looking for both short-term gains and long-term growth. The city's booming economy, coupled with a steady influx of new residents, has created a vibrant market for property investments.

The recent surge in home values, averaging a 1.9% increase over the past year, signals a healthy market with potential for further appreciation. Additionally, the fast pace of sales, often with homes going pending in under 20 days, indicates a high demand for properties in Clarksville.

Strategic Investments for Maximum Returns

Investors looking to capitalize on Clarksville's growth will find opportunities in both residential and rental properties. With a median sale price around $284,700 and a balanced mix of single-family homes and townhouses, there are options to suit various investment strategies.

Rental properties in Clarksville are particularly attractive, given the city's growing population and the presence of Fort Campbell nearby, which brings a steady flow of military personnel seeking housing. The rental market is robust, with potential for solid rental yields and long-term capital growth.

Clarksville's real estate market is not just about buying and selling homes; it's about investing in a community that's on the rise. With its stable economy, diverse housing stock, and promising market trends, Clarksville offers a unique opportunity for savvy investors.

Clarksville's Comparative Market Analysis

When we dive into the real estate landscape of Clarksville, it paints a fascinating picture. The median estimated value of homes here stands at an impressive $268,382.92. This figure reflects the diversity of properties available, ranging from cozy starter homes to luxurious estates. There's a mix of new developments and established neighborhoods, offering options for every taste and budget. In terms of property types, Clarksville boasts a variety that includes single-family homes, townhouses, and apartments, each catering to different lifestyle needs.

Comparing Clarksville to nearby areas, the city holds its own as a desirable place to live. Whether it's the charming suburbs or the bustling city center, each area within Clarksville has its unique appeal. The median list price of homes currently sits at around $265,475, showcasing the affordability compared to other regions. For those looking into investment opportunities, the market here presents a stable and growing environment, thanks to the city's continuous development and increasing demand.

Exploring the Neighborhoods of Camelot

Camelot, a gem within Clarksville, offers a unique living experience. The neighborhoods here are a blend of modern living and historical charm. You'll find a range of homes, from those built in the mid-20th century to recent constructions. The architectural styles vary, featuring ranch-style homes, contemporary designs, and charming bungalows. The average property size in Camelot tends to be generous, offering ample yard space for families or gardening enthusiasts.

The area is not just about homes; it's about community and convenience. Amenities like local parks, shopping centers, and dining options are easily accessible. The neighborhood is car-dependent, but it's a small price for the tranquility and scenic beauty it offers. Residents also benefit from minimal climate risks, with low flood and fire factors, ensuring a safe environment for homeowners.

In summary, Camelot in Clarksville, TN, presents an enticing real estate opportunity for a variety of buyers. From its booming market conditions, excellent schools, diverse home styles, and investment potential to the comparative affordability and charming neighborhoods, Camelot has something for everyone. This area, with its blend of modernity and tradition, community spirit, and growing market, is a smart choice for anyone looking to buy a home or invest in real estate.