Real Estate and More
VE Market Update
There are currently five Venetian Estates properties listed for sale on HAR.COM.
These properties range in price from $565,000 for the vacant lot on Capri to $2.1
million for the stunning home located at 203 Savoy Street. Other properties are
priced at $795,000, $995,000 and $1.8 M. Call us for details!! During the past
six months there have been four Venetian sales. FBRE both listed and sold each
of these properties!
We recently closed on an off-market sale (working as an intermediary
between the seller and the buyer. )The prospective buyer was referred to us by
a past client and (future VE neighbor) who introduced us to her friend by
saying, “ I want to connect you with Susan and Kelly, the quintessential
Realtors in Venetian Estates.” We are so appreciative of referrals from
neighbors and past clients! This particular prospect was not very familiar with
VE. Kelly spent a great deal of time touring the neighborhood, going over a
neighborhood aerial lot by lot, pointing out the perks of living here, and
explaining our history and current real estate values. After the property was
under contract we worked with the appraiser, who had very little knowledge of
VE, to explain past sales and valuation nuances to him. The sale closing was a
win-win for both the buyer and the seller. As always, we are sad when present
neighbors move away, yet it brings such joy to share the treasure of VE with
new neighbors, who will soon be friends and active members of our community! (Look
for new-neighbor information in a future newsletter.)
Kelly recently posted the gorgeous photos of 203 Savoy online as well as
the amazing virtual tour which truly gives you the actual perspective
within this luxurious, yet wonderfully livable home. The private master suite,
three of the secondary bedrooms, with en suite baths, and the expansive living
areas are all located on the first floor. Walk through the home online and then
call Kelly for a personal tour if you would like to consider moving within the
neighborhood to this remarkable home on an expansive lot with an incredible
backyard breeze! Share this info with friends who would love to live in a new
home in our neighborhood but prefer to avoid the construction- building
process.
REAL-ESTATE
INVESTMENT OUTLOOK
Dr.
Ted C Jones, PhD and chief economist/Sr. VP of Stewart Title predicts that,
post COVID-19, there will be pent-up demand for real estate Driving factors
include stock-market volatility, oil markets, and inflationary concerns.
People will see real estate as a safer place to invest their money. Ted foresees even further declines
in mortgage rates—perhaps below 3%. What a great time to buy!
We
participated in an online conference with another one of our favorite
economists, Mark Dotzour. Mark emphasized how all facets of real estate, from
commercial to ranch to residential, are especially attractive in the current
and future environments. Mark specially noted that, after working remotely
through COVID-19 orders, employers and employees will see less need for full
“in-the-office” hours, and, as a result, suburban neighborhoods will see
increased demand. Indeed, considering its serene setting combined with easy
access, VE is the very best suburban neighborhood in greater Houston!
New Neighbors
We sold 106 Capri, and Julie and Mark Macdonell are now in the process of
moving to the charming Belknap-Brookside neighborhood, where FBRE previously
represented both of their daughters in the purchase of homes. Now Julie and
Mark are so excited to join their daughters, sons-in-law, and grandkids there! And
we are so excited that our new 106 Capri neighbors will be Katie (Friedman)
and Andrew Faught, who are relocating from San Antonio. Katie grew up alongside
Kelly and Kristin in our home at 534 Lombardy and then later at our present
home on Santa Maria. She’s a highly decorated VE Fishing Tournament Champion 😊 Katie and Andrew
have two children, Darcy Drew (4) and William Beau (3). Their family includes
Goose, an Australian Mini Shepherd, and Charley Cat. Katie is a Realtor with
Phyllis Browning Co., a luxury real estate firm in San Antonio. Katie will be joining Ferguson + FBRE after
she completes her commitments to her clients in San Antonio. Andrew is a mortgage loan officer with the
investment lending firm of Corridor Funding, securing financing for clients all
over the U.S.
