Author - Jill Enders

Local Real Estate Executive Jim Dohr Forecasts Positive Market For St. Louis

Local Real Estate Executive Jim Dohr Forecasts Positive Market For St. Louis

Jim Dohr, President of Coldwell Banker Gundaker Forecasts Positive Market For St. Louis

ST. LOUIS, MO/July 20, 2017 (STLRealEstate.News) The forecast for the St. Louis area real estate market looks bright.

That’s according to Jim Dohr, President of Coldwell Banker Gundaker – St. Louis, who said the St. Louis area is experiencing one of the best seller markets in history due to the high demand for inventory.  It is being driven by the lowest month of inventory supply in residential real estate.  Currently, the St. Louis area is at a two month supply for inventory, resulting in an advantage for sellers.

“We’ve had houses selling in hours in some cases or a couple of days with multiple offers on the property.  That’s much more common than it was in recent history.” Dohr explained.

The average days on the market in the St. Louis region for the first half of 2017 is 53 days.  This is a favorable increase from a year ago, with homes selling 16% faster than they were during the first six months of 2016.

Dohr said the fastest market with the lowest inventory is in St. Charles County, which currently has less than two months of inventory.  This is followed by St. Louis County and St. Louis City, with slightly over two months of inventory.  Meanwhile, Jefferson County has just over three months of inventory.

Although it’s sellers’ market, Dohr stresses the importance of pricing a property appropriately.  “Buyers today, more than ever are looking for houses that are in great condition, but if you can’t afford to put your house in pristine condition because it may have some level of disrepair, that’s okay as long as you price it appropriately and discount the price to reflect the condition it is in.”

Dohr said he also attributes low interest rates to the strong real estate climate.  The current average interest rate for home loans is around 4%.

Dohr anticipates this positive trend to continue, “I do think we’re going to continue to fight the challenge of low inventory, but the outlook for the foreseeable future, the rest of the year has been pretty bright.”

Dohr adds, “The National Association of Realtors and others are forecasting a very strong market through the balance of this year and beyond.”


Local resource: St. Louis REALTORS®

Construction On New Wildwood Residential Development Underway

Construction On New Wildwood Residential Development Underway

WILDWOOD, MO/May 17, 2017 (STLRealEstate.News) Construction is underway for a new subdivision in the west county community of Wildwood.

Nearly 200 single-family homes are being built along Highway 100 near Route 109.  This residential development called The Villages at Brightleaf is a team effort between St. Louis-area based companies Consort Homes and Fischer & Frichtel.

We’ve done deals in the past and we’re friends.  It’s a good project and so we thought we’d partner with a company we think is compatible with us.”  Said Ken Stricker, President and CEO of Consort Homes.

The builders recently bought the 78.5 acres of land for the development from the family of Bill Jones Sr. A price tag for the purchase of the land was not disclosed.

The Villages at Greenleaf will consist of five unique villages, with four collection plans.

The main appeal of The Villages at Brightleaf is its close proximity to Wildwood Town Center.  “It’s probably one of the biggest development projects for residential purposes that’s been proposed around Town Center,” explains Chirs DeGuentz, Vice-President of Development and Construction for Fischer & Frichtel.

DeGuentz adds that residents will be within walking distance to Wildwood Town Center as well as Wildwood Park and elementary schools. In addition, the subdivision will be connected to walking trails.

The neighborhood itself will be built to the architectural character and standards of Town Center in terms of landscaping and street lighting.” DeGuentz explains.

Some of the new home sites will be laid it out in the “neo-traditional” style with alleys between back yards.

Phase 1 began in March with a completion date expected by late summer or early fall. Phase 2 is scheduled to begin in early 2018. The entire project is expected to be completed in 2021, according to Striker.

The home prices will start in the upper $200,000 range to $800,000.

Those interested in purchasing a home in The Villages at Greenleaf may find more information online at

Local Real Estate Professional Receives Top Award

Local Real Estate Professional Receives Top Award

St. Louis, MO/April 18, 2017 (STLRealEstate.News) A professional within the St. Louis area real estate community is being recognized for her performance.

Liz Connolly, President and master stager at INhanceIT Home Staging, has been presented with the International Masters of Real Estate Staging Award.  According to real estate leaders, this award is considered to be the highest professional accolade.

“I am so proud to have achieved this designation!  It is quintessential recognition for all the achievements I have attained over the years.” Connolly stated.

“It is wonderful to present this stellar award and well deserved recognition to Liz Connolly” said Christine Rae, President and Founder of the Staging Business Academy.

“The International Masters of Real Estate Staging designation signifies a standard of achieved excellence in the field as well as acknowledged value for a stager who has worked tirelessly in the field.”  Professor John Ramsey said, “Credentials are about setting you apart, make you more employable, more valuable and knowledgeable.  Strong credentials trigger the magical feeling of achievement.” Rae added.

Since the inception of INhanceIT Home Staging in 2007, Connolly and her partner,CSP International Master Stager Courtney Schomburg have staged over 3,000 builder displays and re-sale properties.  The team specializes in full merchandising of builder models, vacant re-sale properties, along with re-styling for occupied properties and finish selections.  Connolly & Schomburg have the unique distraction of the only International Master designation holders in the state of Missouri and the only team with two principals who have earned the award.

Connolly’s award follows her extensive and impressive resume.  She is a member of the prestigious Institute of Residential Marketing.  She also holds the National Home Builder’s Association designations of MCSP (Master Certified Sales Professional), CMP (Certified Marketing Professional), and is a member of the Home Builder’s Association of Greater St. Louis and the St. Louis and St. Charles Association of REALTORS® and the St. Louis and St. Charles Women’s Council of REALTORS®.

More information about the International Masters Award is available online at

Kiener Plaza To Reopen In May

Kiener Plaza To Reopen In May

ST. LOUIS, MO/March 15, 2017 (STLRealEstate.News) A popular attraction in downtown St. Louis is expected to reopen in the spring.

CityArchRiver officials announced that Kiener Plaza west of the Old Courthouse will reopen in May.  A more specific date for the reopening of the Museum of Westward Expansion this year is expected to be announced next month.  This is all part of the Gateway Arch grounds renovation project, which is scheduled to be completed by the end of the year.

Much of the remaining work for Kiener Plaza, which has been closed for over a year, involves landscaping.  Project organizers say we can expect to see more planting in the next couple of months.

Another upcoming milestone for the project is that rides to the top of the Arch are scheduled to resume in late March.  This will only be on the south tram as the north tram won’t be back in operation until late April.

The entire $380 million project which began in 2013, will be completed two years behind schedule.  The initial projected finish date was for 2015.

CityRiverArch’s vision for the project is to create a safer and more user-friendly experience for visitors.  This involves a new design connecting the park’s grounds with the museums.

The design begins with a new Park over the Highway that will, for the first time, allow visitors to walk from the Old Courthouse to the Arch grounds as well as to the riverfront on one continuous greenway.

The project was designed by world-renowned landscape architecture firm Michael Van Valkenburgh Associates.  The firm’s design includes new spaces for events and public education, expanded museum space, additional park acreage and bicycle trails, children’s play areas, performance venue.

The project will also have a significant impact on the regional economy, according to CityRiverArch officials.

Officials say these changes will bring an added impact of $367 million and 4,400 permanent jobs to the region.  That’s the equivalent of one additional St. Louis Cardinals baseball season each year or more than four NCAA Final Four Tournaments.  In addition, the project will bring 530 construction jobs to the region over the next three years.

St. Louis Mayor stepping down

St. Louis Mayor

ST. LOUIS, MO/March 5, 2017 (STLRealEstate.News) After a 16-year tenure leading the city of St. Louis through some excellent and turbulent times, Mayor Francis Slay recently announced he will be returning to practice law with Spencer Fane law firm in downtown St. Louis come the end of this April.  The law firm, ecstatic to be acquiring the renown gentleman who has single handedly overseen a rebound in the St. Louis economy, is grateful for Slay’s dedication and service to his community.

Frank Neuner, St. Louis Managing Partner of Spencer Fane, this morning stated, “We are honored to have Mayor Slay join Spencer Fane, and we look forward to the tremendous value his experience, perspective, and counsel will provide to our clients.”  It wasn’t just Neuner who made a statement to the press about Slay’s incoming position with the firm.  Pat Whalen, Chairman of Spencer Fane, also stated, “He is a visionary who helped shape St. Louis by strengthening its core and priming it for growth and sustained success through the future. We share the same passion as it relates to the outcomes we seek to achieve for our clients, and we are pleased to have the Mayor join us.”

At the firm, Slay will primarily focus on economic and real estate development, public finance, international commerce, regulatory work, and related business transactions.  No stranger to the realm of law and practicing law with St. Louis firms, Slay received his law degree from the Saint Louis University of Law.

I have been fortunate to form many friendship with Spencer Fane attorneys and staff and, in turn, I have come to know the firm as one that places a strong emphasis on protecting its culture, its people, and its collaborative approach to serving clients,” said Slay.

No information has been released yet for who will vie for the Mayoral vacancy.

St. Louis a viable option for first-time millennial buyers

US home sales shoot up to 10-year high

ST. LOUIS, MO/March 5, 2017 (STLRealEstate.News) Millennial Buyers – Where millennials are looking to make their first-time home purchase may actually surprise you today.  We often associate millennials with yuppie-obsessions and hipster-leanings, making Portland, Seattle, New York, Brooklyn, Austin, San Francisco, and more their ideal settling areas for furthering their “millennial” culture. But, that assumption is where many go very wrong today, unable to identify what millennials are truly after for setting up their first family home.

A pair of real estate studies released this week confirms that the majority of millennials want to live in the suburbs, raise a family, own dogs, etc.  Millennials have already started buying outside urban areas, and basing tier home-buying decisions mainly on affordability today.  Reports notably by Zillow and Harvard break with the stereotypes of America’s largest generation, namely that they prefer to rent because they favor experiences over building equity and want to live in urban environments.  Though millennials only make up 10 percent of the nation’s homeowners today, the majority who have made the leap decided to follow in the footsteps of their parents and grandparents.

Nearly half of all millennial U.S. homeowners were in the suburbs in 2016, 33 percent in an urban area and 20 percent in rural places, according to Zillow’s Group Report on Consumer Housing Trends.  The report came to the conclusion by using more than 13,000 home-buyers, sellers, owners, and renters.  Of millennial buyers who moved in the past year, 64 percent stayed in the same city and just 7 percent moved to a different state.

The result is that affordability is definitely the #1 driving factor here for millennials, a generation that entered the economy during a regression after living at home into their mid 20s.  As such, St. Louis suburbs and other affordable locations are hot on millennial radars for first-time home purchases in the next year.