All Blog Entries by Mark Gellman

Found 68 blog entries published by Mark Gellman.

Welcome to another edition of Mark's Market update. Great news in the interest rate arena. Interest rates this week hit 4.6% to 4.65% vs over 5%, 4 weeks ago. Active inventory in St. Louis County, St. Charles County, St. Louis City and Jefferson County is down 8% over previous year. Some offset is the significant increase in New Construction which is booming. Buyers are paying premiums for new construction, but they are able to get what they want in the areas they want. "Fall Out of Contracts" are higher than any time this year. Buyers are writing contracts, getting under contract and then "catching their breath and changing their mind" and terminating the contract. We are starting to see homes go on the market and all contracts reviewed x days

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Mark's Market Update: Listen to Mark's Interview on KMOX 1120 with Mark Reardon on the "Mark Reardon Show” and “Total Information PM”

Welcome to another edition of Mark's Market update, taking place at KMOX 1120 am with our good friend Mark Reardon, host of The Mark Reardon Show and Total Information PM. Listen to the entire interview for market insights. Per S&P CoreLogic Case-Shiller index for March, National home prices rose 6 1/2%, there is 3.8 months of inventory, which is lower than 1990 levels, and home prices will continue to rise. Per Mark Gellman, when evaluating the following markets: St. Louis, St. Louis City, Jefferson County, St. Charles for Month of May 2018 to date vs same period 2017; unit sales down 10%, prices up 2.5%, $ /sq

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Welcome to another edition of Mark's Market Update. Now that it is Mid May, I did an analysis to compare sales from 1/1/17-5/15/17 vs 1/1/18-5/15/18 for the overall market in St. Louis County, St. Louis City, St. Charles County and Jefferson County for the price range between $250,000 - $1million. Sales units increased 7.5% from 2017 to 2018, while average sales price only increased .25% The Spring market is here and pools are open and flowers are blooming. Inventory levels have increased 35-40% over beginning of April levels. In addition, we are seeing New Construction having an impact on the market, with many new build opportunities available; including great custom options at www.newconstructionstl.com Also, we are seeing high volume builders

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Welcome to another edition of Mark's Market Update. This week we are in New York City, one of the highest rent districts in the United States. Premium Real Estate is selling for $4,000-$5,000 per square foot compared to St Louis; where the premium maybe $400-$450 per square foot. New York prices, in many cases, are 9-10 times the price in St Louis! St. Louis indeed has great values and a high affordability index. Now back to St. Louis update: Inventory levels increased 35% percent this week, over past weeks and good news that interest rates stayed the same, although higher, still historical low. The increase in new homes on the market this week, provide great opportunities for buyers! Now that spring is here, if you a seller, it is the time to sell.

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Welcome to another edition of Mark's Market Update. I compared the first 2 weeks of April 2017 with the first 2 weeks of April 2018 for Sold Properties and the following were the results when evaluating St. Louis County, St. Charles County, St. Louis City and Jefferson County. 2018 prices were up over 6% and sold units were up over 12%. As we discussed, inventory levels in 2018 were at record lows, the good news is buyers were absorbed! This current week, inventory levels at record lows, but good news is interest rates fell to 4.5% or even a tad lower. Lastly, when looking at trends for May, June 2017, inventory levels reduced from April to May to June and if that same trend occurs in 2018, we will see less than 2 months of inventory (the lowest in

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Will you be joining us on Sunday, April 29 for our Client Appreciation Bowling Party?

Today, I’m so excited to let you know that you’re invited to our upcoming Client Appreciation Bowling Party.

The party will take place on Sunday, April 29 from 2 p.m. to 6 p.m. at Saratoga Lanes (2725 Sutton Boulevard, Maplewood 63143), and you won’t want to miss it.

If you plan on joining us for this great event, please RSVP here.

Bring your friends, your family, and anyone else you think would like to come out for fun, food, bowling, and darts.

If you have any other questions or would like more information, feel free to give me a call or send me an email. We look forward to seeing you soon.

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Welcome to another edition of Mark's Market Update. I compared the first 2 weeks of April 2017 with the first 2 weeks of April 2018 for Sold Properties and the following were the results when evaluating St. Louis County, St. Charles County, St. Louis City and Jefferson County. 2018 prices were up over 6% and sold units were up over 12%. As we discussed, inventory levels in 2018 were at record lows, the good news is buyers were absorbed! This current week, inventory levels at record lows, but good news is interest rates fell to 4.5% or even a tad lower. Lastly, when looking at trends for May, June 2017, inventory levels reduced from April to May to June and if that same trend occurs in 2018, we will see less than 2 months of inventory (the lowest in

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We’ve been in a seller’s market thus far in 2018, but there are still pockets where buyers have the advantage. Moving forward, we’re hoping for an increase in inventory.

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What’s been happening in the St. Louis real estate market in 2018 now that spring is here?

Market activity thus far has been very consistent with what we saw in 2017, especially during last year’s third and fourth quarters. Inventory has been light, and it’s been a seller’s market. In fact, we evaluated all inventory levels over the past 10 years and found that January 2018 had the lowest inventory levels of that 10-year period.

Now that spring is upon us, we’re hoping

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Our next client appreciation event is coming up soon. Will we see you there?

We’re so excited to let you know that you’re invited to our second annual client appreciation bowling party. By now, you should have received your invite in the mail, but I wanted to remind you not to miss this great upcoming event.

Sunday, April 29th, from 2-6pm
Saratoga Lanes
2725 Sutton Blvd
Maplewood, MO 63143

Bring your friends and family out for a great time with bowling, pool, darts, food, and drinks. We’re so excited to celebrate a fantastic 2017 and an even better 2018.

You can RSVP here.

If you have any other questions or would like more information, feel free to give me a call or send me an email. We look forward to seeing you soon.

Want to buy a

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Welcome to another edition of Mark's Market Update. In advance of the Holiday weekend, we wish you a Happy Passover and Happy Easter!! Finally, a change. A change in the weather, after 2 1/2 weeks of miserable rain. Pools are beginning to open and flowers are beginning to bloom, which we are optimistic, will be the start of the "Spring Season" and inventory will increase. This week we saw an approximate 1% increase in inventory. However, we did see a surprising increase in interest rates to 4.6% and close to 4.7%. If you have questions about the value of your home value (click the below link), if you have other questions about buying, selling or investing (please call, email or text). Thank you and have a fantastic weekend.

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