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REAL ESTATE NEWS


September, 2020

RE Update

For the past year, I have been writing about the limited inventory of affordable homes for sale. And every month, it just seems to be getting tighter, which pushes prices higher. Here is some info regarding the limited availability of affordable homes in our area:

Noah Is In The House…Literally!

Here is a photo of my new grandson, Noah Everett Stonebrook. He was born at home with the help of a mid-wife, on August 21st, which happens to be his father’s birthday!. Proud parents, Jordan & Savannah, are super-excited, as is big brother Eli!

Ken Stonebrook
STONEBROOK

Available listings
< $300,000
13
1
4
2


City

Bartlett
Germantown
Collierville
Lakeland/Arlington

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

ken@stonebrookrealtors.com

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Due to the limited inventory and the low interest rates, the number of sales continues to decrease, while sales prices continue to climb. Through the first eight months of the year, the number of homes sold in Shelby & Fayette Counties is down 8%, and sales prices are up 10%, compared to last year.

Football Trivia

While there is much uncertainty about this year’s football season, I just have to include one trivia question for you…

There are 32 teams in the NFL. Each team has one long-snapper on its roster. Out of these 32 men, there is only one city that is home to two of them...can you name that city?

If you guessed Collierville, you are correct! Congratulations to Morgan Cox of the Baltimore Ravens, and Hunter Bradley of the Green Bay Packers…they are livin’ the dream!


Home

 

About Ken

From a recent client …

Ken treated us like we were his own kids and gave us his honest opinions. We never felt like he was just trying to sell us a house…he wanted us to find the perfect home for our family!
-Bart & Calie Smith

MORTGAGE RATE UPDATE

30-year fixed rate 2.625%
15-year fixed rate 2.25%
Up 1/8% since 8/6/20

(Rates provided by Patriot Mortgage on 9/4/20.)

Covid Got You Feeling Old?

Here are a few laughs to pick you up…

Reporters were interviewing a 104 year-old woman. “And what do you think is the best thing about being 104? the reporter asked. She replied, “No peer pressure!”

An elderly woman decided to prepare her will and told her preacher she had two final requests. First, she wanted to be cremated, and second, she wanted her ashes scattered around Walmart. “Why Walmart?” the preacher asked. “Cause then I’ll be sure that my daughters visit me twice a week!”

I very quietly confided to my best friend that I was having an affair. She turned to me with a serious face and asked, “Are you having it catered?”

I’ve sure gotten old. I’ve outlived my teeth, had 2 bypass surgeries, a hip replacement and have 2 new knees. I take 40 different medications that make me dizzy, winded, and subject to blackouts. And, I’ve lost all of my friends. But, thank goodness, I still have my driver’s license!

SOLD in 4 DAYS

SOLD

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OPEN FLOOR PLAN WITH OVER 3000 SQ FT, INCLUDING LARGE VAULTED LIVING ROOM, OPEN KITCHEN/HEARTHROOM, & AN AWESOME SCREEN PORCH WITH AN EXTENDED PATIO THAT OVERLOOKS PRIVATE WOODED AREA. YOU WILL LOVE THE LAYOUT, THAT FEATURES 2 BR DOWNSTAIRS & 2 BR + BONUS ROOM UP. 

3431 VALLEY CHASE — $329,900.

4 BRs, 3 baths + a pool in Wellington Farms. Beautiful hardwood floors, stainless appliances, fresh paint, new HVAC +++.

Kids can walk to Crosswind Elem.

961 HANDFORTH COVE — $380,000.

COMING SOON

SUPER NICE single-story home with large expandable area upstairs. Updated kitchen, hardwood floors, & more.

Yates/Poplar area.

COMING SOON

Updated 3 BR, 2 BA single-story home with 2-car garage in prestigious Pidgeon Estates. Gorgeous hardwood floors + updated kitchen & baths.