The Gellman Team Real Estate Blog

Welcome to another edition of Mark's Market Update

With these unprecedented times a lot of people are reaching out to us for our opinion, advice, and just as a sounding board. I by no means have the answers, solutions or even know the exact right thing to do or say. However, the one thing I can tell you for sure and unequivocally is that "We are here as a team for you" We will support you in every way possible, and in anyway necessary for you to make it through this challenging time. Each and every team member and client will handle this differently, which is perfectly OK. There is no right or wrong way to handle. My prayer for each and every one of you, is to stay healthy both physically and mentally.

Regarding real estate, we haven’t

Welcome to another edition of Mark's Market Update

It has been a Heck of a Couple Weeks in the News!!

The Best News = Lowest Historical Interest Rates

30 Year ⬇️ Under 3.25%

15 Year ⬇️ Under 2.6%

Refinancing Gets You Free Buying ⬆️ Purchasing Power!!!

If you have any questions about buying, selling, or investing, don't hesitate to call, email, or text!

For an estimated home valuation: www.stlouishomevalues.org

Skip the hassles of selling and selling instantly: Stl Rocket Listing https://www.thegellmanteam.com/stlrocketlisting2.php

 Here’s everything you need to know about our upcoming client appreciation event!

We are so excited for our fourth annual client appreciation bowling party, taking place at:

Saratoga Lanes - 2725 Sutton Blvd, Maplewood 63143

Sunday, April 19, from 2 p.m. to 6 p.m.

As is tradition now, there will be food, drinks, pool, ping pong, and face painting, so bring the kids

and the whole family. For that matter ~ maybe invite some neighbors, too!

We look forward to seeing you there!

As always, if you have any real estate-related questions for us in the meantime, don’t hesitate to reach out by phone or email. We’re here to help. 

info@thegellmanteam.com —314-336-1991

Rsvp Here!

Welcome to another edition of Mark's Market Update!

We are meeting with more and more sellers who are asking about preparation for sale. We know that the market recognizes homes that are prepared for sale, priced right, and marketed to the highest level possible. When evaluating preparation for sale, and what projects to complete prior to listing, it is important to know that every project has a different return on investment. Reviewing Home Remodeling Magazine Cost vs. Value 2020 there are a couple interesting things to highlight when focusing on the Midwest

Kitchen remodels:

Minor kitchen remodels will get you the best return on investment of any project.This includes updated flooring and appliances. There is about a 74% return on

 Sarah Scheu is here today to share one of her favorite game-day recipes with us. It’s cheap, easy, and absolutely delicious.

In this video, I'm making a cheap, easy, and delicious Super Bowl dish. This recipe has only three ingredients: little smokies, brown sugar, and bacon. 

"It’s a simple recipe, but it’s always a hit."

All you have to do is take the bacon, stack it in strips, then cut it in thirds. Then you wrap the little smokies in bacon, secure it with a toothpick, and generously sprinkle the brown sugar on top. Then, throw it in the oven at 425 degrees for 10 minutes, flip them all over, then throw them back in the oven for another 10 minutes. When the brown sugar is bubbling, you’ll know it’s done. Check out what the

Welcome to another edition of Mark’s Market Update!

As promised, 2018 vs.2019 market changes. Inventory Levels, Months of Inventory and Median Sales Prices..

2019 Summary

We focused on numerous municipalities broken down, in addition to Saint Louis City, Saint Louis County, and Saint Charles County.

Overall market: In the majority of municipalities, the number of listings and homes sold were down year over year by single digits for the majority, and a few were down double digit percentages from 2018 to 2019.

A few municipalities saw higher inventory levels and sales, primarily related to new construction and other building options.

Median sales prices were up in 2019 from 2018. Numbers were up mid to high single digit

Welcome to another edition of Mark's Market Update!

How did my projections end up for 2019 and what are they for 2020?

2019 Summary

Prices: Higher overall percentage increase than expected. Although variances by area and price point widely fluctuated.

Sales: Fewer sales than expected due to lower inventory levels. Weakness in inventory continued throughout the year.

New construction: Many new construction developments throughout St. Louis, but not enough to offset low inventory levels due to a softness of existing homes for sale.

Interest rates: Great for buyers, remained at historical lows, although we did see a mid-year bump over 4% and settled under 4% by year end.

Multi-family: Multi-family investment prices continue to

 The Gellman Team has officially crossed the $1 billion mark in career sales volume. Here’s our message to all of our team members and supporters.

 We’re so excited to announce that The Gellman Team has crossed the $1 billion dollar mark in career sales. It’s been such an exciting time, and we couldn’t have done it without our Gellman Team family. They’re the ones who made this happen. Additionally, thanks to our friends, family, and clients who’ve supported us along the way. We wish you all a fantastic 2020. As always, if you have any questions, please reach out to us by phone or email. We would love to help you.

 I’m here to help you close out 2019 in style with a fast, fun, and delectable dish for your New Year’s Eve parties.

Want to sell your home? Get a free home value report 
Want to buy a home? Search all homes for sale 

For this month’s edition of “In the Kitchen with Sarah,” I thought I’d show you an easy appetizer recipe since New Year’s Eve parties are right around the corner.

Impress friends when you drop by their function with a tasty bruschetta dish. The best part of this snack: It can be whipped up in about 15 minutes or less with just five key ingredients.

Crostinis. You’re welcome to bake crostinis yourself, but I stop by Deerberg’s and grab premade ones—they’re lightly buttered, ready to go, and delicious!

Olive oil.

Welcome to another edition of Mark's Market Update. Going into December, what happened in the market, the last 2 months?

Interest rates still incredibly low, but have ticked up a tad, right under 4%. St. Charles and St. Louis County over last 2 months, Oct and Nov? Both market saw strong sales growth in terms of avg price point and unit sales, year over year, in October. However, in November there was solid strength in the St. Charles Market while a slight weakness in St. Louis County (unit sales and average price, both fell), year over year. Still a lot of homes are selling at the current time. Just yesterday, 160+ homes went into contract. For those questioning if they should keep their home on the market or sell over the winter, it is a