The Gellman Team Real Estate Blog




Our third annual Client Appreciation Party is soon! Here’s how to RSVP for this year’s event. 

We’re so excited for our upcoming client appreciation event at Saratoga Lanes. You’ve joined us in the past, but we haven’t gotten your RSVP yet and we really hope you can join us this year. It’s on April 14 from 2 to 6 p.m. at Saratoga Lanes (2725 Sutton Blvd. Maplewood, MO 63143) and there will be great food, drinks, darts, and of course, bowling. To RSVP, visit this link or give us a call at (314) 446-7531. Please RSVP by April 9. 

 

RSVP

Yes, Count Me In

No, I Can't Make It

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Our third annual Client Appreciation Party is just over a week away. Here’s how to RSVP for this year’s event. 

We’re so excited for our upcoming client appreciation event at Saratoga Lanes. You’ve joined us in the past, but we haven’t gotten your RSVP yet and we really hope you can join us this year. It’s on April 14 from 2 to 6 p.m. at Saratoga Lanes (2725 Sutton Blvd. Maplewood, MO 63143) and there will be great food, drinks, darts, and of course, bowling. To RSVP, visit this link or give us a call at (314) 446-7531. Please RSVP by April 9. 

 

RSVP

Yes, Count Me In

No, I Can't Make It

184 Views, 0 Comments

 

Welcome to another edition of Mark's Maket Update great news for buyers this week, interest rates hit 4%! We were just talking 5-5 1/4 3 to 4 months ago, so its amazing that we've been talking about interest rates potentially raising and yet they've fallen almost to 4%. Increase buying power for our buyers so that's great news. However, when we talk about inventory levels that's where it really becomes a seller's market - so if we look at overall inventory levels, they are a little higher today than they were this time last year but the biggest difference is new listings as a percent of the active inventory. New Listings, meaning new product coming on the market over the last 30 days, is actually significantly reduced so last year this time 70%

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Our third annual Client Appreciation Party is just over a week away. Here’s how to RSVP for this year’s event. 

We’re so excited for our upcoming client appreciation event at Saratoga Lanes. You’ve joined us in the past, but we haven’t gotten your RSVP yet and we really hope you can join us this year. It’s on April 14 from 2 to 6 p.m. at Saratoga Lanes (2725 Sutton Blvd. Maplewood, MO 63143) and there will be great food, drinks, darts, and of course, bowling. To RSVP, visit this link or give us a call at (314) 446-7531. Please RSVP by April 9. 

 

RSVP

Yes, Count Me In

No, I Can't Make It

354 Views, 0 Comments

Our third annual Client Appreciation Party is just over a month away. Here’s how to RSVP for this year’s event. 

We’re so excited for our third annual Client Appreciation Party. Once again, we’re holding this year’s event at Saratoga Lanes (2725 Sutton Blvd. Maplewood, MO 63143) on Sunday, April 14 from 2 p.m. to 6 p.m. There will be food, drinks, ping pong, darts, and of course, bowling. Make sure you register here and get your RSVP in by April 7 at the latest! If you can’t make it, that’s okay too.

RSVP

Yes, Count Me In

No, I Can't Make It

544 Views, 0 Comments

 

Welcome to another edition of Mark's Market update. We’re at a hidden gem, Saratoga Lanes, a 103 year old bowling establishment with pool, darts, and it’s just a cool place. We’re actually having our third annual client appreciation party here on April 14, so we love this place! Now, back to Marks Market update. What has happened February over February in the real estate market? Again, we’re going to talk about three specific locations. We’re going to talk about St. Louis County, St. Charles County, and Jefferson County. Inventory remains extremely low, and a little bit unusual is we’re seeing a correlation of inventory being low and the sales numbers being low. Unlike in the past, we’ve seen inventory levels low because sales have been so

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Welcome to another edition of Mark’s Market update. Last week, we talked about a summary of 2018 for both St. Louis County and St. Charles County. This week we’re going to get a little more specific.

Let’s start by taking a look at what happened in 2018 in the Chesterfield submarket? Right now, I'm standing behind the development of Fienup Farms. It’s going to be one of the biggest new residential development in the Chesterfield - Wildhorse corridor in the last 30 years. It’s a 223-acre farm that was purchased, and there's going to be 223 new homes on it.

There's a 26-acre lake that's going to have fishing and paddle boards. There's going to be a playground, fire pits, and more. Those homes are going to range in price from about $500,000

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Welcome to another edition of Mark’s Market update. Last week we talked about a summary of 2018 for both St. Louis County and St. Charles County. This week we’re going to get a little more specific. What happened in 2018 in Chesterfield submarket? So, I'm standing behind the development of Fienup Farms. It’s going to be one of the biggest new residential development in the Chesterfield - Wildhorse corridor in the last 30 years. It’s a 223 acre farm that was purchased, and there's going to be 223 new homes. There's a 26 acre lake that's going to have fishing and paddle boards. There's going to be a playground, fire pits, and other. Those homes are going to range from about $500,000 to $2 million dollars. Why I’m here is to not only showcase this

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Welcome to another edition of Mark's Market Update. We're into 2019 and as you can see the weather is really cold out here, the lake is frozen and we're hoping to see a thaw in home sales going into 2019. The national news just reported that December of 2018 homes sales, fell to the lowest level since November 2015. We saw a major softening of sales in December 2018. With that said, I would like to summarize the St Louis County & St Charles County Market for the entire year of 2018. What Happened? We continually talked about Inventory Levels, Interest Rates and Prices. We saw that inventory levels in St Louis County were lower than the previous year by about 2.5%. However, we did see an increase in the Median Price by 5%. So, re: supply and demand,

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Welcome to another edition of Mark’s Market update. Great news, interest rates down to 4.75% from a high water mark of approximately 5.4% a month ago. This positively impacts buyer's buying power For simplicity purposes, a $2,000 payment per month at 4.75% interest rates approximates a $390,000 home. While at 5.25%, the same $2,000 payment would equate to a $360,000 home. Simply the interest rate going down .5% would increase buying power by approximately $30,000 - which is great for buyers! What is happening in St. Louis and St. Charles County, when reviewing Months of Inventory, Unit Sales and Sales Prices? In St. Louis County, all price points; Months of Inventory has increased Nov 2018 vs Nov 2017 by 8%, Unit Sales decreased 9%, while good news

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