St Louis Real Estate Exchange

The most informative Real Estate Blog in St. Louis

Nov. 18, 2020

Real Estate Market Report

Real Estate Market Report - October 2020

Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will keep the housing market hot even when the weather is cooling. 

New Listings increased 9.7 percent for Residential homes and 15.3 percent for Townhouse/Condo homes. Pending Sales increased 27.0 percent for Residential homes and 21.7 percent for Townhouse/Condo homes. Inventory decreased 31.0 percent for Residential homes and 6.3 percent for Townhouse/Condo homes. 

 

Median Sales Price increased 14.2 percent to $205,000 for Residential homes and 4.9 percent to $170,000 for Townhouse/Condo homes. Days on Market decreased 9.1 percent for Residential homes and 23.1 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 35.1 percent for Residential homes and 3.6 percent for Townhouse/Condo homes. 

 

While mortgage rates remain near record lows, The Mortgage Bankers Association reports that lending standards are tightening, which makes it a bit more difficult for some buyers to qualify. At the same time, unemployment remains substantially higher than a year ago due to COVID19. Despite all this, buyers are out in full force this fall, showing amazing resilience in the middle of a pandemic  

Nov. 18, 2020

Luxury Home Spotlight

303 Ladue Woods Ct, Saint Louis, MO 63141

Stunning European-styled Estate home with over 8400 sf of living space enhanced by soaring ceilings, extensive millwork & oak hardwoods. Grand entry foyer leads to vaulted study with marble fireplace, elegant dining room & spectacular great room with bow window & cast stone fireplace. Exceptionally large kitchen with cherry cabinetry, granite countertops & premium appliances adjoins light-filled breakfast room & hearth room with stone fireplace & wet bar. Coffered master bedroom suite offers a relaxing retreat with luxury bath with Jacuzzi & private balcony. A 2nd bedroom suite & office complete the main floor living quarters. Broad oak staircase accesses 3 additional bedrooms, 1 with ensuite bath & 2 with Jack n' Jill bath, & sitting room. Lower Level includes recreation room with wet bar, billiard room & media room plus workout room, wine cellar & full bath. Situated on a wooded 1-acre lot with outdoor living room with fireplace, resort-style pool, porte cochere & 1 & 2-car garages.

Oct. 13, 2020

Celebrity Real Estate News

Is $100M the Right Price for Pierce Brosnan's Luxurious Malibu Retreat?

Pierce Brosnan and his wife, Keely Brosnan, have listed their luxe Malibuproperty for an eye-popping $100 million.

The property offers 117 feet of beachfront, and the custom-built abode is inspired by Southeast Asian style.

Since they built the home, it’s the first time the resortlike retreat, dubbed “Orchid House,” has come up for sale. Can the couple manage to score a nine-digit payday?

They bought the parcel back in the late 1990s, and have lived there for almost two decades. They’re now reportedly spending most of their time on Kauai’s North Shore in Hawaii, and are ready to let their Thai-inspired home go to a buyer who can manage the hefty asking price.

Brosnan's abode has a Thai flavor

So what does $100 million buy you? Let’s take a tour of the estate.

The couple apparently fell for Thai architecture while the actor was filming there, for the 1997 James Bond film “Tomorrow Never Dies.” The beachfront retreat took about 10 years to complete, Architectural Digest notes.

Designed for the couple by the architects Ralph and Ross Anderson and built by Albino Construction, the mansion has tropical gardens and ocean views.

Its high-end interiors include walls of glass, wide-plank teak floors, and an open floor plan. Entertain in a living and dining room with an oversized fireplace.

The living space opens, with floor-to-ceiling glass doors, to wraparound terraces overlooking the Pacific.

A gourmet kitchen includes custom teak cabinetry, two stoves, two islands, quartz-crystal countertops, and a dining area with a couch and fireplace.

A teak staircase leads up to the master suite, which has two fireplaces, a private balcony, dual dressing rooms, and two bathrooms en suite.

The floor also contains a library or art studio, as well as a guest suite. Overall, the floor plan includes five bedrooms and 14 bathrooms, including separate guest quarters.

On the lower level, luxury amenities abound, including a projection room with tiered seating and a bar.

The wing also includes a gym, bonus or game room, and a spa with sauna and steam room, Japanese soaking tub, cold plunge, and shower. An outdoor shower leads from the spa to the grounds with pool, lanai, and beach.

On just over an acre of landscaped grounds, the outdoor spaces include two glass-enclosed areas for dining and lounging, a partially covered deck with multiple seating and dining areas, a gas fire pit, and a path leading to Broad Beach.

This custom-built home also comes with a poolhouse/guesthouse, a two-car garage, and guest and street parking.

Brosnan's mansion isn't the priciest place in Malibu

Let’s be clear. Homes in Malibu—especially on the ocean—don’t come cheap. When we looked at $100-million-plus sales in the area a couple of years ago, an agent told us there was “not enough product at the super-high end.”

Two years later, far more properties are available in this exclusive enclave of beachfront properties favored by billionaires and celebrities.

The Brosnan offering isn’t even the most expensive listing on the market in Malibu. That would be this one, listed for $125 million. Another property, on the market for $115 million, topped our list of the week's most expensive homes back in February.

The $100 million threshold has been broken before for posh properties in this neighborhood. An oceanfront estate that was on the market for $150 million sold for $100 million in August last year. Two years ago, a prestigious property owned by the co-founder of the Hard Rock Café, Peter Morton, sold for $110 million, a record-breaking amount for L.A. County at the time.

Is the price right?

So is the $100 million price tag on solid ground? We asked some agents for their take. Turns out, $100 million isn’t quite as eye-popping of a price as it used to be.

George Penner, CEO of Deasy Penner Podley, notes: “$100 million is certainly a significant number. But [a home on] over an acre on Broad Beach—with unique architecture—doesn't hit the market every day.”

“The property is truly a trophy estate in every way. They're taking advantage of current market conditions that favor the ultra-luxury ‘shelter in place’ market,” says Cara Ameer, a bicoastal agent with Coldwell Banker licensed in California and Florida.

“Aspirational pricing is a common strategy when it comes to putting a property on the market of this caliber,” Ameer adds.

“It attracts attention and interest—but this strategy only works if you have a truly exceptional and one-of-a-kind property to back it up. In this case, we have a definite winner.”

The desirable oceanfront locale and spacious parcel also contribute to the asking price.

“It’s an exceptional property, with more than one acre of prime land with ocean frontage, which is quite rare,” says Shirley Sherman with Douglas Elliman.

Sherman adds, “In today’s market, this is what the discerning high-end buyers are looking for. In my opinion, the $100 million price tag in Broad Beach is completely justified.”

Now, the goal will be to find a buyer with the bankroll who agrees.

Chris Cortazzo of Compass holds the listing.

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