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REAL ESTATE NEWS

 

October, 2019

RE Update

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!

Congratulations Terry

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.

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


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About Ken

TM2
buyers

MORTGAGE RATE UPDATE

30-year fixed rate 3.5%
15-year fixed rate 3.125%
Down 1/4% since 9/5/19

(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.

Eli

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!)

SOLD

CONTRACT PENDING

100_0692
100_0692

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.

1351 WOODSTON

"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.

COMING SOON

 

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.

SOLD

100_0692

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