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REAL ESTATE NEWS


October, 2021

RE Update

These days, you don’t have to do much research to know that home prices are climbing fast. In the Greater Memphis Area, 2021 prices are up nearly 15% compared to last year, and total sales are up 18%. While I know our prices have risen significantly, I decided to do a little digging into the current housing markets in Memphis and Nashville, as compared to ten years ago. My conclusion is this…even with the big price increases that we have seen throughout the Memphis metropolitan area, our area continues to be much more affordable than Nashville. Here are a few interesting facts that I learned:

Levi Garrett Stonebrook…Gone But Not Forgotten!

When I was growing up we never had a dog. We didn’t have much money and no extra room, with eight people living in a house that had less than 1000 ft.. And I never felt like I was missing out on anything.

Then about 13 years ago, my kids started asking for a dog. And contrary to what everyone thought would happen, including my wife and I, we gave in and got the kids a puppy for Christmas that year. Initially, we found one online and put down a deposit. Then, after seeing an ad in the paper, I went to Barton, MS to look at a new litter of puggle puppies. There were four of them. Three of them jumped and barked at the front of the cage like most puppies, while the other one just sat at the back of the pen as if he was totally in-charge and checking me out. I knew right then he was the one for us. I paid the man and lost our deposit on the first one, but there was no doubt that was the right decision.

Over the years, all four of our kids have spread their wings and moved out, but Levi remained. Little did I know, while we initially got him for our kids, he and I would soon become best buddies. For the past 13 years, we took two walks a day nearly every day of the year...that’s 10,000 walks together. Levi brought tons of love and laughter to our family over the years.

After battling a tumor in his bladder for eighteen months, Levi recently passed away.

Thanks for the memories, little buddy…you will be missed!

Ken Stonebrook
STONEBROOK

1011 W. Poplar, Suite 8
Collierville TN 38017
901 413-2970 Ken cell
901 850-4044 office
901 592-0929 eFax

ken@stonebrookrealtors.com

Memphis
Metro

$124,000

$254,000

$124

Nashville
Metro

$155,000

$415,000

$238


Home

 

About Ken

2011 Avg Sales Price

2021 Avg Sales Price

2021 Avg $/Sq Ft

Why Ken?

“Ken doesn’t have a crystal ball, but his vision from the beginning was very close to the final outcome. We were amazed at how well he completely understands the market and the entire process. He is awesome!”

-Barre & Stephanie

CHS Aviation Program

Collierville High School was recently awarded a $2 Million Innovative High School Grant to launch an Aviation program in 2022. The school will be expanded to house two full-size flight simulators, several smaller simulators, plus additional classrooms. Students will have the opportunity to earn a private pilot’s license without the huge typical expense. In addition, training will be available for airplane mechanics and drone applications, including the use of drones in agriculture. Once implemented, CHS expects to graduate 25-40 airplane mechanics annually. The school will partner with Rantizo Drones, Collierville-based Helena Chemical and local logistics giant FedEx.

Levi

Happy 36 Years to My Girl

October 5th marks our 36th wedding anniversary. We’ve been blessed to travel a lot and see many gorgeous sites. Here’s a pic of Karen & I visiting Mt. Rainier in July.

MORTGAGE RATE UPDATE

30-year fixed rate 2.75%
15-year fixed rate 2.125%
Unchanged since 8/4/21

(Rates provided by Patriot Mortgage on 9/8/21.)

KK

CONTRACT PENDING

SALE PENDING

100_0692100_0692

Awesome 4/5 Bedroom, 3.5 Bath Home in Herons Ridge with primary & 2nd Bedroom Down. 5th BR has closet or makes a fabulous gameRoom/man cave. Lovely nailed down hardwoods, smooth ceilings, new carpet upstairs, nice open chef's kitchen and tons of storage! 

4177 HERONS POND — $480,000

3000+ SQ FT ON A QUIET LAKELAND COVE OVERLOOKING POND & GOLF COURSE. LIKE NEW W/UPDATES GALORE, INCLDG KITCHEN AND BATHROOMS. LARGE OPEN LIVING AREA + 24x18 DEN/PLAYROOM + AN OFFICE DOWN. UPSTAIRS HAS 4 BRs W/WALK-IN CLOSETS & 2 UPDATED BATHS. LOTS OF NEW FLOORING + NEW ROOF & WINDOWS IN 2015.

9628 MOSSWOOD LN. — $379,000.

Coming Soon

HOME FOR SALE

Collierville home

with nearly 3000 SF, including 2 bedrooms downstairs.

Home is being updated throughout.

Collierville

Home for Rent

 

Available IN NOVEMBER. 4 BRs & 2 baths, with over-sized garage & large fenced backyard. $1900/mo.