FORE!!!!

This past Monday the Avenue Team joined professionals from the Real Estate, lending and contracting businesses at the USA Mortgage 4th Annual Golf Outing to raise money for local children with terminal illnesses. 

Children like Keira Stout, a 10-year old girl who lived her life spreading joy and laughter to everyone she met.  Her one wish was for the world to know that "Kind is the New Cool" and that children like her deserve #MoreThan4.

Children like Keira Stout, a 10-year old girl who lived her life spreading joy and laughter to everyone she met.  Her one wish was for the world to know that "Kind is the New Cool" and that children like her deserve #MoreThan4.

USA Mortgage gathered silent auction items, raffles, and donations all benefiting the cause! I had a blast participating in the tournament and besides supporting local families, the tournament provided a great atmosphere for professionals from all facets of the real estate world to network and get to know each other. It's important in any transaction for your realtor, lender, or contractor to have a good rapport with the other professionals involved. 

If you are looking to purchase, sell or lease out your home, one of our team members would love the opportunity to speak with you! Check out our website 

www.avenuestl.com/ 

 While golf may not be our strongest suit, moving lives forward it! 

 

Also a huge thank you to for his hard work putting this event together! 

Jerrod Nash, Account Executive

USA Mortgage - Mueller Branch

Six CityPlace, Suite 150

Saint Louis,  MO  63141

Direct:(314) 628-2028

Cell:(314) 669-1313

Email:jnash@usa-mortgage.com

Why does everyone keep asking if you’re pre-approved?

Why does everyone keep asking if you’re pre-approved?

If you’ve recently started your new home search, you may have been asked several times already if you’ve been pre-approved.  It’s something that I usually ask all my clients, typically before we even start looking at homes.  I’m not asking because I’m rude or nosy, I’m asking because it’s important for my clients that they are pre-approved for a mortgage before they start viewing homes.  Let me tell you why.

7 Myths vs. Facts About Your Credit Score

7 Myths vs. Facts About Your Credit Score

If you’re planning on applying for a conventional mortgage, you’re going to need a decent credit score before applying. Generally speaking, anything over 620 is needed to get approved for a conventional mortgage, though a lower score is fine for other types of government-backed home loans.

Homes For Lease

Homes For Lease

Ever thought about leasing a home?  Many of our clients are owners, but we also do tenant agency.  If you're interested in looking at our properties we can help, but we help with other properties as well.  

If you're looking for a home for lease, there's plenty of them out there from $1,000/month to $10,000/ month.  The link below will show you all the homes available for lease today.

St. Louis: Why this city is the gateway to our hearts!

St. Louis: Why this city is the gateway to our hearts!

St. Louis often gets a bad wrap, and while the media tends to love the struggles of our city, ask any St. Louisian and they’ll paint a much brighter picture. The housing market also shows a much brighter future than is often portrayed for our slice of the Midwest.

Friends and Family Appreciation 2017

Friends and Family Appreciation 2017

This past weekend we hosted Friends and Family Appreciation tent at the 2017 Wildwood BBQ Bash.  We had a great time catching up, enjoying drinks and great BBQ with everyone.  Thanks to everyone who made it out.  If you weren't able to make you can check out our highlights video below.  Hope to see you next year!

Highlights from our Firends and Family Appreciation tent at the Wildwood BBQ Bash

359 Pebble Acres House Tour

359 Pebble Acres House Tour

Justin Hansen and Greg Abel take us on a tour of a beautiful home in Town and Country, MO at 359 Pebble Acres. For more info give us a call at (314) 665-2010 or check us out online at AvenueSTL.com.

Small Businesses with Big Hearts

Small Businesses with Big Hearts

This past Saturday I had the pleasure of attending an event at Throwbacks Bar and Grill in St. Peters Missouri.

So, what's going on this weekend and over the 4th?

So, what's going on this weekend and over the 4th?

In just under a week, we'll celebrate our Country's independence by waving flags, wearing red-white-blue, and watching colorful firework displays. And there's no better place to do so than in the heart of the nation!

 

So, what's going on this weekend and over the 4th?

 

Fair St. Louis runs from July 2 through July 4th in Forest Park, kicking things off Saturday July 1 with a parade downtown beginning at 9:30AM. This is one of America's biggest birthday parties, with Free Admission and a firework show 3 different nights.

Ellisville Independence Day Celebration & 5K the day kicks off at 7:30am with a 5k and Kids Fun Run. Evening events feature food, games, bounce house, a giant slide, and a firework display.

St. Charles Riverfest runs from July 1-4th and will host a parade, live music, a carnival, food & craft vendors, and a firework display along the historic streets and riverfront.

Chesterfield Celebration

Kirkwood Freedom Festival

Heritage Freedom Fest

Webster Groves Community Days

And if you'd like to celebrate America by watching America's favorite pastime, don't forget the Cardinals play at home! The team hosts Washington over the weekend and Miami over the 3rd and 4th: https://www.mlb.com/cardinals/schedule/2017-07

Of course if you're planning your own 4th of July celebration, here are some great holiday themed recipes: http://www.foodnetwork.com/topics/4th-of-july guaranteed to please your guests...and firework safety tips: http://www.fireworkssafety.org/safety-tips/

 

Hope you have a happy and safe 4th of July!!!

Now or Later?

Now or Later?

We’ve all heard how crazy the real estate market is these days, and who even wants to try to deal with that chaos?  Should you just wait until things slow down later this year?

Feds Just Raised Interest Rates!

If you are in the market to buy a home, you may want to look sooner rather than later. As the Feds just raised the interest rate, the cost of a home loan will become increasing more expensive. Last week the average interest rate on a 30-year mortgage was 4.21%. Economists are forecasting within the next month, this rate could rise to as high as 4.5%. This trend is expected to continue through 2018 with interest rates potentially reaching 5.5% by next summer. 

According to Zillow, home prices on average will appreciate 4.6% in 2017. If you wait even a few months, you face the risk of higher home prices and higher borrowing rates. To avoid spending more on your monthly payment, let’s start putting together a game plan and get you pre-approved before it’s too late! 

Please don’t hesitate to reach me if you have any questions. Happy Hunting!

paul@avenuereg.com

314.384.9335

West County - What’s the market like right now?

West County - What’s the market like right now?

You’re probably hearing all over social media and the news that it’s no doubt a seller’s market  - multiple offers, over asking sale prices, it’s do or die out there.  But, then you’re also hearing that interest rates are going up, and if you’re going to buy a new home, you need to lock that in like yesterday.  How do you even begin to make sense all of this, and decide what is best for you?

Well, let me be completely honest with you.  It’s not THAT bad.  I promise!  I’ve been running numbers on the first quarter, and they speak for themselves. In the West County area, the average sale price is actually down in Q1 of 2017 vs Q1 in 2016.  In fact, the average sale price is down a whopping 6%!

Inventory is lower, though, and houses are selling much faster than last year.  Inventory is down 2% in 2017’s first quarter compared to first quarter in 2016, and houses are selling about 21% faster than last year at this time.  

This is why it’s so important, now more than ever, to have an experienced Realtor representing you.  Call me - let’s get started!

danielle@avenuereg.com

314-307-1254

Do you really need a buyer’s agent?

Do you really need a buyer’s agent?

In Real Estate transactions there are different types of agents who represent different parties in a transaction. As a buyer, especially if this is your first purchase, it is important you find a knowledgeable and persistent expert who will advocate for your best interests. This person is called a Buyer’s Agent. Here are 10 reasons why you need to hire one! 

Now is the time to buy!

St. Louis Real Estate, real numbers

 

All over the St. Louis metro we’ve experienced warm winter temps and little-to-zero snow or ice, all of which has been great for the local housing market! Looking back to this time last year, the number of closings are up over 5% and homes are selling quickly, almost 10% faster.

Despite the market being what most would consider a “seller’s market”, prices remain mostly stable, only up 2.5% over recent years. So, is now the right time to buy?

Definitely! In fact, St. Louis housing affordability remains excellent, way better than the national average. In a recent report, it was stated that a person only needed an annual salary of $38,000 to afford a median priced home in the St. Louis region.

If you are considering purchasing a home, it is more important than ever to select a qualified realtor to help you navigate this market and negotiate competitively. Please call me at the number below with questions about the market or to start your home search!

 

kelsi@avenuereg.com

217-377-7700

 

Helping you find a home that fits your needs

 

Many people find shopping for a new home stressful, frustrating and time-consuming. My goal is to make this a fun and exciting process, while making it as smooth as possible. By only showing you homes that meet your criteria, negotiating the best buy possible, walking you through the process step-by-step, and handling the details of the transaction, I hope to take the stress out of the closing process.        

Since a new home is often the most important and substantial purchase people make, I'd be happy to help you find a great home that meets your needs. I preview many new homes every day. If you would like me to email you information about homes new to the market, please email the following information to me:

  • What is your time frame?
  • When do you want to make a move?    What price range do you have in mind?  
  •  What areas/neighborhoods are you interested in?  
  •  What type of home: single-family, condo, multifamily, etc.?    
  •  How many bedrooms?  
  •  How many baths?  
  •  Do you need to sell in order to buy?  
  •  Do you have other requirements?  

      As soon as I receive this information, I can select homes that fit your criteria and send them for your review. Please call or email me if I can provide you with additional information or answer any questions you may have as you begin contemplating a move. I look forward to the opportunity to assist you.     

   Happy House Hunting!

 

mandy@avenuereg.com

618.781.8279

Why does everyone keep asking if you’re pre-approved?

 

If you’ve recently started your new home search, you may have been asked several times already if you’ve been pre-approved.  It’s something that I usually ask all my clients, typically before we even start looking at homes.  I’m not asking because I’m rude or nosy, I’m asking because it’s important for my clients that they are pre-approved for a mortgage before they start viewing homes.  Let me tell you why.

When you fall in love with a house and want to submit an offer, you’re going to want a pre-approval included with that.  In the market we are in now, it’s not unusual for a seller to receive several offers at one time.  That seller is going to want to see your pre-approval letter to make sure you’re serious and can afford their home.

You’re also going to want to be realistic about what you can afford, and this can go both ways.  If you don’t know what you can afford, you may be searching too high out of your price range, or looking below what you would have qualified for.  Your lender will also help you understand what your price range is in terms of a mortgage amount, so that you have an idea what type of monthly mortgage you’ll be paying.

Generally speaking, it’s just much less stressful overall to have your pre-approval in place before beginning the home buying process.  Better to have it in hand so that once you do find your perfect home, you’re not scrambling to find a lender for a pre-approval.  Not to mention spending time looking at homes that aren’t going to be a financial fit for you.  Plus, there’s really no reason not to do it.

I’m more than happy to send you a couple of lenders to speak with if you haven’t already started the process.  Let me know how I can help!

 

Thanks!!

danielle@avenuereg.com

314.307.1254

 

2016 St. Charles and St. Peters Real Estate Market Update

 

 

St. Peters and St. Charles Home Sale Record:

337 homes sold in July, 2017

The St. Charles and St. Peters city real estate market has performed extremely well in 2016 with the peak month for sales being July with a total sales number of 337.  This was the highest month of sales ever recorded in the past 10 years.

                                            St. Charles and St. Peters Average Sale Price

2016 Average Sale Price is $214,466

Over the last 10 years the Median and Average sales price has also continued to rebound and 2016 finally brought the year where sales prices rose above the previous 2007 peak.    The average sale price this year was 213k just creeping above the 2007 average of 2010.

St. Charles and St. Peters 2016 List to sell ratio is 99.6%

The List to sell price in is percentage of list price the seller actually receives after negotiations.   Again we saw a 10 year record with 99.6% of list price.     This means that if a seller lists the home at a $200,000 asking price, the buyer can expect to pay $199,200.    That is only a $800 negation.    Incredible!

St. Charles and St. Peters homes sell after only 11 Days on market

Days on market also fell to the lowest on 10 year record with the median being 11 days and the average being 36 days.

Best time to sell a St. Charles or St. Peters home in the past 10 years

This is the best time to sell a home in past 10 years.   Prices are at an all time high, days on market are at an all time low, supply of homes is low and buyer demand is up.    Financing is still cheap and now is the time to make a move.

 

20 homes sold over $600k in St. Charles and St. Peters

In 2016 there were 20 homes that sold over the $600,000 price point.   There was a tie for the highest price home sold at 1.2 million.    To see the inside the two homes and the all homes over 600k use the link below to download a pdf of all photos.  

 

To see the top priced homes in 2016 you can use this link to download:   

http://bit.ly/2fyIsbE

 

If you would like to know what your home is worth you can got to:  

http://bit.ly/chesterfield1016

 

Newest homes for sale in St. Charles and St. Peters: 

http://bit.ly/2fmv2PC

O'Fallon Market Update '16

Weekly Real Estate Market Update

 

PDF of high priced homes sold in 2016: http://bit.ly/2faDMJ6

Instant Home Value Report for your home: bit.ly/2fa4rW5

 

This year we saw inventories of homes at the lowest level in years, falling into the the low 200s.  In October we fell to 224 homes available for sale, compared to 722 the same month in 2006.   This is a steady fall in the number of homes for sale while the number of homes sold is at a 10 year high.   June of 2016 broke a ten year record with 172 sales making it one of the hottest real estate months in recent history. 

If you look at the graph you will see that over the past 10 years the trend has been fewer homes combined with higher demand

The list price ratio is the percentage of list price the home eventually sells for.    In 2016 O’Fallon sellers benefited form the low inventory and high demand with List to sell ratios right under 100%.  

Homes are selling fast.   The homes that sold within in the fist week saw sold prices over list price.   The average days on market is 37 days, but the median days of market is around 13 days.   With a typical 30 day close O’Fallon sellers were closed and moved in about two months.

The Median sales price in O’Fallon is $210,000 with the average being only slightly higher at $222,000.     Only 15 homes have sold over $500k and the winner winner chicken dinner is 921 Stonecastle Dr which sold for $1.5 million.     To see photos of the inside of this one and the other high priced homes in O’Fallon click the link.

O’Fallon is going to see rising prices again in 2017 due to low inventory and growing demand.    If you are considering selling or would just like to know the new value of your home might be, click the other link below to access our instant and free home value report.    Enter your property address and within minutes you have a PDF with all recent sales and market data.

If you have any questions about the O’Fallon real estate market feel free to contact me or anyone on my team.   We want to be your real estate resource.    Thank you and I look forward to speaking with you.

Data:

Existing Single Family Homes sold in 2016

Excludes condo / town homes

Excludes new construction

Excludes auction

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