Thursday, September 12, 2013

Scott T. Sohr Discusses Real Estate Trends in Tennessee


Nashville entrepreneur and real estate developer Scott Sohr holds an MBA from the Owen School of Management at Vanderbilt University. With nearly three decades of management experience, Scott Sohr has succeeded in an environment of challenging and profitable business endeavors.

Q: How is the Tennessee housing market this year?
Scott T. Sohr: It has exceeded expectations. Real estate authorities expect Middle Tennessee property values to continue to increase this year.

Q: To what extent has the market exceeded expectations?
Scott T. Sohr: Last year most experts predicted the average property prices to increase nationally by approximately 1 percent. Nashville’s projected increase was 2 to 3 percent. So far those estimates have been pretty accurate.

Q: Are other Tennessee metropolitan areas experiencing the same level of success
Scott T. Sohr: The Memphis economy is recovering at a slower rate than Nashville’s.

Q: Why is that?
Scott T. Sohr: I believe if the city would promote outside the Mid-South it would find buyers who appreciate the great housing market in the Memphis area.

Q: What information would be of interest to out-of-state buyers?
Scott T. Sohr: The Memphis housing supply is incredible and the prices are low compared to other parts of the country.

Q: How is the market in East Tennessee?
Scott T. Sohr: We expect the market to continue to improve throughout the rest of the year.
Homebuyers and investors have always been attracted to East Tennessee because of the comfortable climate, numerous industries, and an assortment of recreational activities due to nearby mountains, lakes and rivers.

Q: What has stirred recent interest in Tennessee?
Scott T. Sohr: The popular TV show “Nashville” has generated a great deal of attention. Also, National Geographic recently named Memphis among the Top 20 places to see in the world.

Q: What other Tennessee cities are growing
Scott T. Sohr: All realtors agree that, in the real estate market, it is all about location. If the location is indeed the most important factor in home buying, then Clarksville is the poster city for location.

Q: Why is the real estate market so strong in Clarksville?
Scott T. Sohr: The Clarksville area credits the major Army base, Fort Campbell. The base has a population of approximately 89,000, with 85,000 soldiers and family members plus 4,000 civil service workers. Approximately 75 percent reside in Clarksville and Montgomery County.

Q: Are there other factors driving the market
Scott T. Sohr: Austin Peay State University contributes significantly to Clarksville’s growth.

Q: How much of an impact does the university make?
Scott T. Sohr: Austin Peay employs around 600 people and more than 9,000 students attend the university. Every year approximately 1,000 students graduate from the university and many choose to stay in Clarksville.

Q: What other groups find living in Clarksville appealing?
Scott T. Sohr: Retirees add to the numbers. They like the climate and location. Veteran retirees choose it in order to live close to a military installation.

Q: What are the real estate trends in rural areas
Scott T. Sohr: Undeveloped real estate in rural Tennessee encompasses 38 percent of the Tennessee market. These properties offer an excellent option for a variety of projects that are of interest to homebuyers, builders and commercial investors.

Q: Does Tennessee have something for everyone?
Scott T. Sohr: Tennessee’s real estate market offers an abundance of properties for every taste, from urban convenience to rural beauty.

Q: What is driving the rapid rise in property values?
Scott T. Sohr: Interest rates remain at historic lows and housing prices continue to rise
Q: Is this a good time to buy a home?

Scott T. Sohr: This is an excellent time to purchase a home. When the economy rebounds, there is no place for prices and rates to go except up.

Wednesday, March 6, 2013

Scott T. Sohr Says Amenities Are Plentiful at Winterset Woods

Scott T. Sohr, a Nashville-based developer, offers properties that feature peaceful settings, scenic locations, short commutes to work, and luxurious amenities. Located in Williamson County is the Winterset Woods community, offering all of the above and much more. Recently, Scott T. Sohr explained why Winterset Woods is an ideal residential development for families relocating to Middle Tennessee. 

Q: Can you describe the location of Winterset Woods?

Scott T. Sohr: Winterset Woods is located on Sunset Road in Nolensville, which is in Williamson County. Williamson County also includes communities such as Brentwood and Franklin, known for great schools and luxury homes.

Q: I understand that Winterset Woods is family oriented in terms of safety, proximity to schools and amenities. But can a young family afford these homes?

Scott T. Sohr: Yes. Most homes at Winterset Woods will be in the $300s. The size of each home is between 2400- 3500 square feet, which gives plenty of room for parents and children.

Q: Can a homebuyer pick his or her own layout of the house or are the homes identical in terms of floor plans?

Scott T. Sohr: The homes are being built by Celebration Homes and Drees Homes. Both builders will offer several floor plans for each homebuyer to choose from.

Q: Let’s talk about the amenities. What can homeowners expect at Winterset Woods?

Scott T. Sohr: Because Winterset Woods is family friendly, we want to offer lots of amenities for parents and children that will also bring the community together. We have a playground, an adult and a children’s pool, a clubhouse, and lots of green grass for picnics or play time.

Scott T. Sohr is Chief Manager at Elmington Capital Group.

Tuesday, March 5, 2013

Scott T. Sohr Discusses “Country Living” at Arrington Retreat

Scott T. Sohr, a self-made entrepreneur, has a strong understanding of business management. For 25 years he has identified and fulfilled the unmet need of companies across many industries. One of his recent ventures is the Arrington Retreat development in Tennessee.

Q: Where is Arrington Retreat located?

Scott T. Sohr: Arrington Retreat is located in Williamson County, just a short drive from downtown Nashville. It’s one of the most desired counties in the United States.

Q: Is Arrington Retreat a large community?

Scott T. Sohr: It’s a 283-acre community that will include 230 homes. In addition the community will have wide-open meadows and large mature trees.

Q: How big will each lot size be?

Scott T. Sohr: Lots range from 1/3 to 1/2 acre. This way a homeowner has an intimate setting, but at the same time stays connected to his or her community. With this layout we wanted to create a “country-living” feel without sacrificing beauty and elegance.

Q: Any other perks?

Scott T. Sohr: Yes, the residential community is located near the world-famous Arrington Vineyards winery and restaurant. The area offers beautiful scenery with farms and meadows. At the same time, Arrington Retreat is close to shopping, award winning schools, and the music scene in Nashville.

Q: What is the price range for these homes?

Scott T. Sohr: Homes can be customized and prices range from the $290s to the $450s. Arrington Retreat offers options to families with different needs and lifestyles.

Developer Scott T. Sohr has a strong connection to Middle Tennessee. He graduated from Vanderbilt University and currently resides with his family in Nashville. His expertise will make Arrington Retreat one of Williamson County’s most sought-after communities in which to live.

Sunday, March 3, 2013

Scott T. Sohr Linkedin Profile

Share

twitter Delicious facebook Digg Stumbleupon Favorites More