St Louis Real Estate Exchange

The most informative Real Estate Blog in St. Louis

Sept. 14, 2020

Real Estate Market Report

Real Estate Market Report - September 2020

The housing and stock markets continue to be the leaders in the economy. In August, showings and pending sales remained at strong levels while housing inventory remained limited, continuing the competitive bidding market we have seen in recent months. With the stock indexes at or near record highs as mortgage rates remain near record lows, signs point to a busy fall housing market. 

New Listings decreased 2.3 percent for Residential homes but increased 3.9 percent for Townhouse/Condo homes. Pending Sales increased 26.9 percent for Residential homes and 18.6 percent for Townhouse/Condo homes. Inventory decreased 35.2 percent for Residential homes and 8.0 percent for Townhouse/Condo homes. 
Median Sales Price increased 11.4 percent to $245,000 for Residential homes and 9.3 percent to $186,000 for Townhouse/Condo homes. Days on Market decreased 14.3 percent for Residential homes and 12.2 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 36.7 percent for Residential homes but remained flat for Townhouse/Condo homes. 
As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term.  
Sept. 14, 2020

Luxury Home Spotlight

751 Cella Rd, Saint Louis, MO 63124

2.7 acre architecturally significant Ladue estate and grounds exquisitely updated/built by Higginbotham in '06-'07 with cosmetic updates in 2020. 3 story 8,000ft main home built in 1910 for Cella family. Enlarged pro-series kitchen: Wolf cooking, Sub-Zero cooling, large island, eat-in area & open to a terrace! 10+ ft ceilings on 1st & 2nd floors, grand entry, library, formal study/dining, & tremendous wine cellar + tasting room below. 2nd fl: Large laundry, 3 beds, 2 full baths. Master suite & sitting room with custom built-ins, updated marble bath w/ dual vanities, separate tub/shower, & impressive closet. 3rd floor perfect for guests, au-pair, or kids. Porte-cochére connects 1,400 sqft sports lounge w/ full bath, steam shower & fully equipped kitchen. HVAC'd 8 car piggy-backed garage with speakers & TVs. Incredible outdoor setting w/ Pebble Tec pool/spa, outdoor fireplace & golf green/short-range as well as tremendous terraces, quiet courtyards. Private & peaceful setting.

More Photos (Below):

Aug. 11, 2020

Celebrity Real Estate News

Ex-WeWork CEO Adam Neumann Selling Marin Estate for $27.5M

The co-founder of WeWork, Adam Neumann, has listed his lavish Marin County estate for $27.5 million. The spread of 10-plus acres sits on a hilltop and offers an array of luxe amenities.

In 2019, Neumann, 41, stepped down as CEO of the co-working company, shortly before it canceled a planned public offering. Since then, he has also been paring down his luxury home portfolio.

The Corte Madera, CA, compound last changed hands in 2018 for $21.4 million. It landed on the market in 2017 for $25 million.

Set on a hilltop with views of San Francisco, and just minutes to the Golden Gate Bridge, the retreat offers complete privacy and deluxe amenities. The perks include a home theater that doubles as a music studio, a regulation racquetball court, parklike lawn, pool, spa, and commercial-grade waterslide, and an outdoor sport court.

A buyer can also choose to go off the grid, thanks to a well, solar and geothermal systems, a greenhouse, herb garden, chicken coop, and beekeeping area. 

Post-pandemic, this will be a great party pad. The resortlike compound with spectacular views is also noted for “hosting large-scale events,” the listing states. The indoor-outdoor flow includes multiple patios, an outdoor fireplace, kitchen, and bar.

“In our new way of life, buyers are seeking optimal space dynamics, amenities, and a sense of inspiration,” says the listing agent, Joshua Deitch of Compass.

“This compound offers these highly sought after elements at the highest level.”

Inside, the layout of the main house includes four bedrooms, three full bathrooms, and four half-bathrooms. The space contains a great room with living, dining, and a gourmet chef’s kitchen with two butler pantries. Along with a family room, the floor plan includes an executive office, library-loft, and billiard-room.

In addition to the Northern California abode, the entrepreneur listed his three-level New York City penthouse in Gramercy Park for $37.5 million earlier this year. It's still on the market. The 7,880-square-foot residence in a boutique building combines two upper-floor units, plus an additional lower-floor duplex reserved for guests or staff.

Since leaving WeWork, Neumann and his wife, WeWork co-founder Rebekah Neumann, have been unloading some of their posh properties. 

In addition to listing the Gramercy Park real estate, the two apparently sold off a Hamptons retreat in an off-market transaction, according to Mansion Global.

May 15, 2020

Featured Investors' Corner

 

 

April 17, 2020

Featured Investment Property

 

711 North Elm Ave, St Louis, Missouri 63119

 

Two bedrooms, one bathroom completely renovated and move-in ready in the highly-rated Webster School District. The kitchen opens nicely to the dining area and living room. The entire home has new luxury vinyl plank flooring. The kitchen has new countertops, refinished cabinetry and stainless steel appliances. Backyard is fenced and flat with patio and oversized driveway. Other updates include new roof, windows, paint, trim, flooring, interior doors!! Plumbing Contractor to install new hot water heater and hook up sinks on 4/21.

 

More Photos: 

 

 

For more information, please contact Ryan Jackson

Email: Ryan@TheNettGroup.com

Cell: 314-719-9817

 

View Full Listing Details: https://stlouisrealestateexchange.realgeeks.com/property/20023557/?addrs

Feb. 20, 2020

What's Happening in St Louis

We’ve picked out some of the best events, festivals, museum exhibits, theater performances, concerts and more happening in St. Louis this February.  Check out these 10 things to do St. Louis this February and plan your visit today.

Soulard Mardi Gras | All Month Long

February is Mardi Gras time and the Soulard neighborhood hosts the biggest party in town.  The events happening this month include the Cajun Cook Off (Feb. 16), Taste of Soulard (Feb 23-24), and Pet Parade (Feb. 24)

GUITAR: The Instrument that Rocked the World | Through April 14

Experience the science of sound and the cultural impact of the guitar by exploring more than 70 instruments and 100 historical artifacts-ranging from the rare and antique to the wildly popular and innovative. This special exhibition from The National GUITAR Museum at the Saint Louis Science Center features hands-on activities, video performances, x-ray images of guitars’ inner workings and plenty of opportunities to strum and jam.

Orchid Show | February – March 24

The annual Orchid Show offers visitors a once-a-year opportunity to see a rotating display of hundreds of orchids from the Missouri Botanical Garden’s expansive permanent living collection amid a tropical oasis inside the Orthwein Floral Display Hall.

Oslo | February – March 3

Winner of the 2017 Tony Award for Best Play. In 1993, two bitter enemies shocked the world by shaking hands and agreeing to work toward peace. This breathtaking drama at The Repertory Theater tells the story of the secretive and precarious negotiations that made that moment possible. By focusing on the Norwegian couple who brokered talks between the Israelis and Palestinians, Oslo finds the unlikely story behind this historic event.

Lift Every Voice | February 22

Celebrate African American history and culture with the St. Louis Symphony, guest Byron Stripling and the IN UNISON Chorus. Hear Lift Every Voice at Powell Hall.

Kelly Clarkson | February 23

Catch Kelly Clarkson, taking a break from judging on NBC’s The Voice, on her first tour since 2015. February 23. Chaifetz Arena.

Sept. 9, 2019

139 Benedictine Ct | Florissant

139 Benedictine Ct | Florissant

139 Benedictine Ct | Florissant

Aug. 28, 2019

823 Wheelwright | Manchester

823 Wheelwright | Manchester

823 Wheelwright | Manchester

Aug. 16, 2019

11339 State Route 21 | Hillsboro

11339 State Route 21 | Hillsboro

11339 State Route 21 | Hillsboro

Aug. 12, 2019

328 Bramtonn Place | Arnold

328 Bramtonn Place | Arnold

328 Bramtonn Place | Arnold