REAL ESTATE NEWS
The local real estate market has followed the trend of our weather…it’s been hot! The number of homes sold in September was up 8% compared with September, 2018. Sales prices also continued their upward movement with the average sales price up 6% above last year. The increases in these two areas resulted in a 15% increase in total sales dollars, compared with September 2018. Year-to-date sales are about the same as last year, while sales prices are up 4%.
Another Happy Buyer
Congratulations to first-time homeowners Morgan Brothers & Grant Smith. It’s always an honor to help clients purchase their first home. This excited young couple will be married on November 2nd!
My brother, Terry, was recently recognized by the Memphis Area Association of Realtors for forty years of outstanding service as a Realtor. He and I have worked closely together for many of those years, as partners in Stonebrook Realtors. His experience and excellent reputation throughout the industry has provided me with an invaluable mentor and role model as a Realtor.
Here is a picture of Terry & his wife Mary, at the ceremony. Mary is our office manager, and works behind the scenes providing tremendous support for both Terry and me.
1011 W. Poplar, Suite 8
MORTGAGE RATE UPDATE
30-year fixed rate 3.5%
(Rates provided by Patriot Mortgage on 10/4/19.)
My Grandson Eli celebrated his 2nd birthday on September 13th. Here he is with proud mom and dad, Jordan & Savannah.
From a recent client…
“We can’t think you enough for making our first home-buying experience what it was. You and the team you surrounded us with was exactly what we needed!”
-Morgan Brothers & Grant Smith
(The future Mr. and Mrs. Smith!)
CUTE 3 BEDROOM HOME ON A QUIET STREET IN COLONIAL ACRES. WOOD FLOORS, UPDATED KITCHEN AND SPACIOUS DEN. ALSO INCLUDES EXTRA PARKING PAD & LARGE WORKSHOP.
"AS IS" SALE. SETTLING AN ESTATE. GREAT LAYOUT WITH LIVING ROOM, DINING ROOM, DEN, EAT-IN KITCHEN, 3 BEDROOMS , 2 BATHS & SEPARATE LAUNDRY ROOM. ALSO INCLUDES 2 CAR GARAGE w/STORAGE AREA, NEWER FURNACE, AND A LARGE BACKYARD. NEEDS NEW ROOF AND WILL NOT QUALIFY FOR TRADITIONAL FINANCING.
6374 PRAIRIE VIEW — $148,000.
UPDATED HOME WITH EXTRA 30X24 DETACHED GARAGE/WORKSHOP BEAUTIFULLY SITUATED ON 2 ACRES IN DAVIES PLANTATION. 4 BRs + OFFICE & BONUS, INCLDG 2 BEDROOMS DOWN. UPDATED KITCHEN & BATHS.
SLEEK & CHIC 2 BR, 2 BA CONDO WITH VIEWS OF BOTH THE RIVER & THE CITY. LOCATED ON THE 12TH FLOOR OF THE ARTESIAN, ONE OF DOWNTOWN’S CLASSIEST ADDRESSES…ITS LIKE LIVING IN A RESORT!
717 RIVERSIDE #1201