Page 48 - 4289 SaluteNB

Real Estate in Bedford County, continued from p. 33
county the inventory of homes for sale moves quickly with prettiest rivers in the country,” craig
many selling at a premium over the original asking price. said. “new people coming here drive
“the inventory is crazy low,” segroves said. “A friend of around the county and they see what
mine came in and wanted to list his house. I looked at the we take for granted every day. the
house on a saturday and decided to raise the original listing beauty of bedford county is hard to
price by ten grand. compare.”
“sunday I had five contracts on it. I sold it on monday for Despite the lower prices in bedford
$10,000 above my asking price. you list a house and it is gone.” county compared to some surrounding Tad
counties, hasty stresses construction Craig
Wilson County factor costs and a small inventory will keep
most everyone involved in real estate sales in bedford prices from dropping.
county would agree that most of the influx of people seeking “costs to build homes and develop lots continues to
property here is coming from rutherford county with some increase and that will drive up the value of existing and new
from williamson county. homes,” hasty said. “the demand for housing, and the
but segroves, based on his demographic information, increase in value of homes in our area, is not surprising to
points to wilson county as the no. 2 area where new buyers me because I know that building and developing costs have
are coming from in search of homes in bedford county. continued to increase.
“not many people know that,” segroves said. “someone “that alone will drive up the value of housing. Add to it
may live in wilson county and work in rutherford county. the strong demand that we are experiencing and you have the
the prices in wilson county are the same as rutherford. It is resulting surge in home values. “
two hundred grand to get in.
“the person has a 30-minute commute from wilson to When will the boom end?
rutherford county. they can move to bedford county and the general belief is as long as the economy is strong the
have a 30-minute commute and save fifty grand. so they are real estate market will benefit.
moving an hour away, but they are not moving an hour away “there is going to be a slow down,” segroves said. “this has
from work.” been a record seven-year run overall. we are used to having a
correction every three to five years and that has not happened.
Quality of life “I see the growth pattern continuing as long as the current
Darin hasty of heritage realty economic pattern continues. the market is cooking today.
group points to the quality of life prices are increasing.”
in shelbyville as a key reason many craig doesn’t see the hot real estate market cooling down
people are choosing to live here and any time soon. he thinks the boom is going to get even louder.
commute to nashville, franklin and “the demand for housing in bedford county is going to
murfreesboro for jobs. Darin continue,” craig said. “I truly believe we are poised for years
“bedford county is an easy drive Hasty of good, solid growth.
to these areas and not everyone “right now the developers need to be gearing up and
wants to live in those congested areas developing land because demand for new housing is
anyway,” hasty said. “our communities offer much to be tremendous. when that boom hits I think you’ll see a lot more
desired by many of these folks.” in the shape of new restaurants and new businesses coming to
tad craig of craig & wheeler realty and Auction company bedford county.”
agrees with hasty and segroves concerning the reason for
growth in bedford county. Nashville growth is key
“the reason bedford county has become so attractive is our hasty thinks that as long as nashville, franklin and
location,” craig said. “we are only minutes from murfreesboro murfreesboro continue to grow bedford county will also
on a four-lane highway. that makes for easy travel. prices benefit, especially in terms of an increased real estate market.
compared to the area around us are very affordable. our tax “As long as our area continues to draw people here from
rate is low and our people are fantastic. other areas of the country to live and work, I believe we will
“people living in murfreesboro don’t want the hustle and enjoy a healthy market for many years to come,” hasty said.
bustle and long lines in traffic. they are rolling down into craig also points to nashville as the primary driver in real
bedford county by the dozens. we see it every day. they sell estate.
a small farm in murfreesboro that has been eaten up by the “we are strategically located only 52 minutes south of
neighborhood or development. they can come to shelbyville nashville,” craig said. “It has made a tremendous impact on
and buy a nice tract of land and a good house and live very our market. there are over 100 people per day moving into
comfortably.” Davidson county and they just can’t all stay right there.
In addition to price and tax advantages craig also points to “Areas like Dickson, mount juliet and lebanon and places
the natural beauty of bedford county. like chapel hill and shelbyville are feeling the effects of the
“we have some beautiful rolling hills and one of the nashville boom.” H

44 Salute