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Memorial Day, an American Holiday!

by Melissa Thompson

Memorial Day, an American holiday observed on the last Monday of May, honors men and women who died while serving in the U.S. military. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in parades. Unofficially, at least, it marks the beginning of summer.

Where Are Home Values Headed Over the Next 5 Years?

by Melissa Thompson
20160524-Share-STM

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

Where Are Home Values Headed Over the Next 5 Years? | Simplifying The Market

The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.

Where Are Home Values Headed Over the Next 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

 

By: KCM Crew

101 Things To Do In Memphis #15: Germantown Charity Horse Show

by Melissa Thompson

Celebrating its 68th year, the Germantown Charity Horse Show has evolved the way most enduring events do: from a dream, a drive, and the dedication of its members.  The dream began when a small group of friends, who has recently returned from active duty in WWII, decided that local interests in horses should be channeled into community-wide participation and an extension beyond county lines.  From that first Germantown Horse Show in 1947 to today’s Germantown Charity Horse Show, their dream lives on. 

The Germantown Charity Horse Show has sponsored the Exchange Club Center as its charity since 1999. Barbara King, executive director of the center, wrote in the 2005 horse show program, “The past six horse shows have been major fundraising events, earning a profit of $25,000 to $30,000 each year. These dollars are used to provide counseling and other services for children who have been abused or forced to witness violence in their homes. Every $50 raised can provide one hour of counseling, and thus, you can see what a major impact this partnership means for the children in our community.”  If that’s not reason enough to become involved, I don’t know what is.

This year’s Germantown Charity Horse Show runs from June 7-11, 2016 at The Germantown Charity Horse Show Grounds located on Poplar Pike.  You can view the schedule of events here.

Tickets are $5 for adults, $3 for children, and children 5 and under are Free.  There is also free parking. 

Come on out for five days of hunter/jumpers, carriage driving, American Saddlebreds, Paso Finos, speed rackers, and western horses. The show culminates in the $25,000 Grand Prix of Germantown, where some of the region's finest jumpers compete for the championship title.

Visit their website or contact 901.754.009 or ringmaster@gchs.org for more information.

 

By and photo credit: gchs.org

6267 Elmore Road- Fabulous Home With Guest House!

by Melissa Thompson

Welcome home to 6267 Elmore Road, a fantastic home you will have to see to believe! Located in desirable Bartlett, this updated listing boasts fresh neutral paint, stainless steel appliances, beautiful cabinetry, gleaming wood floors, guest house, and so much more! The spacious Great Room features gleaming hardwood floors, fresh paint, and a cozy fireplace. The updated kitchen offers beautiful cabinetry, tile floor and backsplash, and a full complement of stainless steel appliances. The spacious bedrooms have hardwood flooring underneath the carpet. Bathrooms are updated and feature lots of extra touches. The Guest House is completely permitted with occupancy permit, offering a kitchen, den, and 2 bedrooms, complete with stackable washer and dryer! Each house has their own fenced yard! Don’t miss out on this incredible opportunity! Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale. Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

Sales Up In Nearly Every Price Range

by Melissa Thompson
STM-Share-4

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.

Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market.

Every other category showed a minimum increase of at least 4.6%, with sales in the $250,000- $500,000 range up 15.2%!

Here is the breakdown:

Percent Change in Sales by Price Range | MyKCM

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, let's meet up to see if it is priced appropriately to compete in today’s market.

 

By: KCM Crew

3110 Leeridge Drive- A Charming Bartlett Home

by Melissa Thompson

Welcome home to 3110 Leeridge Drive, a Bartlett home you will have to see to believe! This quality home offers 3 bedrooms, 2 full baths, large kitchen with breakfast area, fireplace in Great Room, and so much more! The spacious Great Room features a brick fireplace, neutral colors, and plush carpeting. The separate Dining Room boasts a cooling ceiling fan and large picture window. Cooking will be a delight in the eat-in kitchen with counter and cabinet space galore, offering a full complement of appliances. The downstairs Master Bedroom features a walk-in closet, double sink vanity, plush carpeting, and attached full bath. Two additional bedrooms and a full bath are upstairs boasting closets, cooling ceiling fans, and plush carpeting. Large fenced yard with patio, laundry room with cabinets, and so much more! Don’t miss out on this opportunity! Melissa Thompson has distinguished herself as a leader in the Memphis TN real estate market. Melissa assists buyers looking for Memphis real estate for sale and aggressively markets Memphis TN homes for sale. Melissa brings with her a keen eye for the details of buying or selling a Memphis TN home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Melissa Thompson will help make the most of your Memphis TN real estate experience. Give her a call today, 901-756-8900, and discover the difference she can make during your family’s next move.

101 Things To Do In Memphis #14: Memphis Zoo

by Melissa Thompson

Named the #1 Zoo in the US by Tripadvisor.com in 2008, the Memphis Zoo has been a staple of Overton Park for more than 100 years.  The Memphis Zoo was opened in April 1906 and is set on 76 acres. 

The Memphis Zoo is home to more than 3500 animals representing over 500 species. The animals reside in three zones with 19 exhibits, such as Once Upon a Farm, Dragon’s Lair and China, which is home to giant pandas Ya Ya and Le Le.

Be sure to visit the newly opened Zambezi River Hippo Camp. The Zambezi River is one of Africa's rivers of life. Rolling through six countries, spanning 1,600 miles, the Zambezi River counts as its residents some of the most intriguing, powerful and beautiful creatures on Earth. And now Memphis Zoo visitors get to experience it featuring hippos, Nile crocodiles, lesser flamingos, okapi, patas monkeys, various fish and African birds.

The Memphis Zoo sponsors a wide variety of special events throughout the year…. Go on an owl prowl, explore the Zoo at night or even make the animals part of your homeschool curriculum….

Summer Camp 2016
Send your wild child to the wildest camp around: ZOO CAMP. Campers will explore the fascinating world of animals while participating in fun games, crafts, tours, keeper chats, live animal visits, and more. 

Zoo Snoozes
Ever wonder what happens when the Zoo closes its gates? Where do the animals go? Who puts them to bed? Do Zoo animals have a bedtime, too? Find out when you book a Zoo Snooze. This special program gives the unique opportunity for you and your child to spend the night at the Zoo and learn all about what happens when the rest of the world goes to sleep.

School Trips
We are combining learning with fun by creating a classroom in the wild animal kingdom! When you take a field trip to the Zoo, you’ll get up close and personal with some of the world’s most exotic creatures while also applying important initiatives in the Science, Technology, Engineering and Math (STEM) curriculum. 

The Zoo also offers opportunities for birthday parties, weddings and private events.

Tickets are currently on sale for the very popular Macy’s Zoo Brew. May 27th enjoy beers from around the world, while listening to our first-class entertainment partners, including G3 and Sensations Band.

Hours of Admission:
March 1 - October 16 (summer hours) 9 a.m. to 5 p.m.
October 17 - February 28 (winter hours) 9 a.m. to 4 p.m.

General Admission Prices:
Price includes admission to ALL permanent exhibits (including giant pandas). Additional fees may apply for temporary exhibits. 

Adults (ages 12-59): $15
Children (ages 2-11): $10
Seniors (age 60+): $14
Parking: $5

Click here to plan your visit, watch videos, learn about our events and even buy your tickets before you arrive! 

 

By and Photo credit: memphiszoo.org

Memphis Real Estate Market Report – April 2016

by Melissa Thompson

 

Home sales exploded up 19% from last year with 1581 record compared to 1331. Average sales price increased 5% with total revenue of $239 million, 25% increase from last year. Non-bank sales accounted for 89% of all home sales ~ Love that! Median price across the board was up 4%.Year to date home sales and total sales revenue up 9% from the same period in 2015. 26 of 33 zip codes in the county had an increase in overall sales activity for the month & 19 zip codes saw increases in average sale prices.Home sales over book were up 31 % from last year with 38 recorded for the month over $1 million are up 67% from this same time as last year.The Crye-Leike Quail Hollow office was up 14% from last April. My team had 26 contracts in April, so extremely busy!  We are working hard!

Home Sales by Municipality

Municipality

No. of 
Sales  

 Average  Prices

Arlington

20%

 -6%

Bartlett

25%

 2%

Collierville

27%

 10%

Germantown

18%

 1%

Lakeland

7%

 -8%

Memphis

25% 

 9%

Millington

157%

 -3%

Unincorporated

-15%

 11%

 

Please contact The Melissa Thompson, Your Key to Memphis Team with Crye-Leike for all of your Real Estate needs - 901-729-9526 or Melissa@yourkeytomemphis.com.

Community is a gift and we receive our community by cultivating a capacity for connectedness. Creating, holding, and guarding a trustworthy space in which human resourcefulness may be evolved.

                                      Sustainable Living
 The second oldest town in Shelby County, Collierville Tennessee has maintained a rich sense of history and a small town atmosphere that residents love. Collierville was chosen as one of Relocate-America's Top 100 Places to Live in 2008. Thanks to the residents for being conscious of their footprint on Mother Earth neighbors thrive on a healthy lifestyle in Collierville. Land is used efficiently, shared parks and public areas are plentiful while industry and economic opportunity emphasize healthy environmentally sound practices. Regionally, Collierville is considered the premier address for those seeking affordability, appreciation and stability.

Way of Life

Offering a variety of housing in neighborhoods connected by beautiful unique trails and paths people of different ages, income levels and cultural background can meet daily needs within a short walk or drive.  Young children can walk home from award winning schools with their parents, youths with their friends, their homes are all within a short walk on well-connected, low speed streets with sidewalks and native trees. Shopping and dining are plentiful; be it at the historic downtown College Square, voted the "Best Main Street in America" by Parade Magazine, or Avenue of Carriage Crossing an open air regional lifestyle center. Collierville’s community parks Wolf River Corridor, Frank Road Park and WC Johnson Park are bridges that connect like minded people to vibrant recreational activities!  

Buy a Lifestyle

Residents of Collierville Tennessee enjoy a growing economy and vacation-like lifestyle! Thanks to easy access to shopping and dining, top ranked schools and recreational activities that make this city is an award winning community. An abundant of residential housing options exist in Collierville: from beautiful single family homes, large lot estates, emerging multi-family units, town homes, historic downtown living, to independent and assisted living facilities. Smaller, older houses are still found in the heart of Collierville, mainly between Byhalia Road and Collierville-Arlington on the east and west and Shelton and Highway 72 on the north and south. The Stables by Celtic Manor Homes offers easy access to live, work and play in a community.

Give us a call at (901) 756-8900 or send us an email to explore your options.

Learn more about the opportunities in Collierville Tennesse
 

A ‘Buyer’ in Hand Is Worth Two in the Bush

by Melissa Thompson
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In today’s highly competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court.

And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements the seller is willing to make to the home prior to selling.

One thing to remember though is that there is always a line that shouldn’t be crossed.

Interest rates could change, financing might not go through, the appraisal might not come back at the price that you have agreed to. These are all opportunities to work with your buyer to make sure that the sale still happens.

You may think that because buyer demand is high right now, that you could choose to make your buyer jump through hoops. But what happens if they reach their limit and need to walk away? You’re starting over… weeks, maybe months later… and other buyers may wonder what’s wrong with the house that the deal fell through.

The Golden Rule

We were all taught from a young age to “treat others as you would like to be treated”.This shouldn’t change once you have a buyer who seems as though they would do anything to buy your home.

 

By: KCM Crew

Displaying blog entries 1-10 of 344