July 2020

Found 4 blog entries for July 2020.

 

Welcome to another edition of Mark’s Market Update. 

 

Welcome to another edition of Mark’s Market Update. 
The message is consistent: ‼️
• It is a sellers market 
• Interest rates are at historic lows
• Buyers are having trouble winning multiple offers and finding the right home 

I’m going to provide some strategies that buyers are doing in today's market to win a multiple offer and win the purchase of that home. *a couple things that we are going to talk about are not for everybody. Every buyer has to be prepared to learn the ramifications of doing these before writing them in the contract. 

• We are seeing many buyers buying the home as is. They have the right to do full inspections, but the seller has assurances knowing that no

225 Views, 0 Comments

 

A few days ago the magnificent custom-built 12907 Sunset Bluff Court was listed by our Team.

The house is situated on 1.12 acres and has monumental features like a curving grand staircase and double-height curving windows in the great room, as well as intricate detailing like wainscoting, custom cabinetry, and crown molding. Just from this description you know that this home is exceptional. 

However, its proximity to a unique cultural asset gives it even more appeal. 12907 Sunset Bluff Court is just a backyard away from the Laumeier Sculpture Park, one of the first and largest sculptural parks in the country.

Located just 200 feet north of the Sunset Bluff property, the Laumeier Sculpture Park was founded in 1976. The Park’s story began

497 Views, 0 Comments

Welcome to another edition of Mark’s Market Update. 


The message is the same
• A weakness in inventory
• A sellers market
• Incredibly low interest rates
A matter of fact my wife and I refinanced for 15 year at 2.3% today.

When we look back over the last 3 months we have all been at home a lot more. There have been some common trends across the country.

-People are moving from the city to the suburbs, you see that in New York and California significantly. We are not seeing that migration as much here because the population in our area is still heavy in the suburbs.

-The big trend that we are seeing with both buyers and sellers right now is migration towards family. We are seeing a lot of our sellers selling their home so they can be

114 Views, 0 Comments

 

Welcome to another edition of Mark’s Market Update.

To follow up on last week's St. Louis County report, today's focus is St. Charles County and Northern Jefferson County. 

-In St. Charles County sold units were down over 18.5% year over year, as a result of weakness in available inventory

-In Northern Jefferson County sold units were down over 15% year over year, as a result of weakness in available inventory

-It is a sellers market, so if you’re a seller get your home on the market. 

-We're entering the late spring market. 

-We’re seeing a significant number of homes coming onto the market, but still well below last year

-The Gellman Team is having a record July ‼️

-There is still a significant amount of buyers that

77 Views, 0 Comments