With the charm of history and the convenience of progress, this town is increasingly recognized for its excellent quality of life. The combination of a family-friendly atmosphere, low tax rates, low crime rates, excellent real estate and aesthetic appeal has attracted many to Collierville over the last several years. The most recent special census indicated the population has grown to about 43,000 from 32,000 in 2000, making it one of the fastest growing towns in the region. Over 50% of the homes available are new construction, as builders try to keep up with the demand for living space.
This explosive growth has been tempered with a desire to maintain or even add to the small-town appeal of Collierville. With its renovated, historic Town Square, specialty stores and vintage railroad cars, the town feels like a relaxing, weekend retreat. Recreational opportunities range from boutique shopping to community theatre to a game of racquetball at the local recreation center. Another highlight of this community living is the excellent, award-winning public education. Shelby County Schools operates five elementary schools, two middle schools and two high schools in Collierville/Germantown areas. Private Christian schools and the University of Memphis/Collierville provide additional educational programs. The breadth of employment opportunities rounds out the advantages for residents. Downtown Memphis is within 25-minute commuting distance and there are several light manufacturing facilities and corporate offices close by. FedEx, which built a large tech facility in the late 1990s in town, and Carrier Corporation are but two of the many regional and nationally recognized companies that have found the community to be a great place to live and work. Collierville real estate options consist of single-family homes for sale, estate properties, condominiums, townhouses and land lots.
Much of Collierville's charm comes from its historic flair. Several sites in town provide residents with a link to their community's past; these include the train depot, the Savannah railway car, Confederate Park, and Magnolia Cemetery.
Collierville's train depot is also the headquarters of Main Street Collierville in the historic district. The building was originally relocated from LaGrange, Tenn. in the 1940s. On display nearby is the Savannah, a rail car built in 1915 to provide luxurious quarters for traveling railroad executives. With two suites, a dining room, kitchen, observation area and crew’s quarters, the car was remarkably well equipped for its time. Today, the Savannah remains largely as it was 90 years ago.
The local antique industry reinforces Collierville's respect for history. Both visitors and residents enjoy the eclectic selection of fine antiques available in shops throughout the town. The variety and quality of items available are impressive enough to have earned Collierville the nickname, Antique Capitol of West Tennessee.
In support of the growing population, modern shopping and dining venues are being established as a complement to Collierville's local businesses. An example is the development of an open-air complex "Carriage Crossing" featuring high-end stores and national chains by Cousins Properties, Inc. The center is designed for a total of 100 shops and restaurants, larger than any other local shopping facility.
Collierville also has its own performing arts facility, the Harrell Performing Arts Theatre. The theatre hosts plays and concerts throughout the year, as well as a variety of dance and music classes.
Community facilities include neighborhood parks, sports fields and courts, Greenbelt trails and a large recreation center. The H.W. Cox Community Center is a hub of physical and instructional activity. The fitness-minded enjoy the facility’s gym and racquetball courts, while the meeting rooms and kitchen are used year-round for a variety of classes, functions and events.
The climate of Collierville is cool, yet mild. Year-round temperatures range from the mid-30s in January to the high-80s in July. Sunshine is a large part of the Collierville lifestyle; the sun shines over 60% of the time, allowing locals to enjoy golf, tennis, jogging and other outdoor activities. Annual rainfall is usually about 50 inches, with the wettest months being March and November. Light snowfall sometimes results from the cooler January temperatures.
Collierville Real Estate for Sale
Collierville real estate for sale is comprised primarily of modern, upscale properties. Prices for single-family homes for sale range from the mid-$100,000s to $1.5 million, with the average home value being about $300,000. Special features include vast estates with acreage, golf course homes and new home subdivisions. Homes are predominantly traditional in style, with peaked roofs and two stories. Lot real estate is characteristically large, (1/3 - 1/2 acre), adding to the feel of open space. Undeveloped real estate lots range from less than 1 acre up to hundreds of acres. A small selection of garden-style or townhome real estate begins in the $200,000s.
Collierville, Tennessee Average Home Sizes and Asking Prices
Collierville Real Estate Stats and Trends for the week of May 2nd, 2016: homes priced around $216,415 compared to $281,940 the previous week, showing a decrease of less than -30%. For Tuesday, May 3rd, the current national mortgage rate for a 30 year fixed mortgage is 3.63%; the 15 year fixed rate is at 2.76%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.05%, while the 15 year jumbo rate currently is at 3.69%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Collierville TN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Collierville to help you find the best home!