The HOT Summer market

Finally, the HOT summer market has arrived. And by HOT I mean showing property in 90+ degree heat can take a toll. The change of seasons is a great time to buy, sell or rent and I hope that you will at least call on me and my team to interview for your business. I sell real estate year long and it's interesting how the seasons effect the market, again, I'm talking about the weather. Not many home buyers realize that when you buy a home with the temperature below 60 degrees you can't check the air conditioning system and often are left to wait until the heat comes sometimes finding that all your doing is blowing hot air. Spring, Summer, Fall and Winter are all great times to buy but this is a recommendation to all to really check the A/C systems of the homes you are considering or have recently bought. If your system is not working properly feel free to call or email and I can put you in touch with a few contractors with great references.

If you or anyone you know is in the market and wants to take full advantage of what the market has to offer feel free to contact me, regardless of selling, buying or renting. I welcome the opportunity to earn your business. Enjoy the HOT weather out there.

Sincerely,

Jason.

Fall & Winter Market Activity

Welcome to the fall & winter real estate market, typically a time when business slows drastically. On the contrary we are seeing an upturn and we're staying quite busy! Our local downtown Memphis real estate inventory is slowly decreasing in volume while increasing in average closed sales prices. Our market activity has been positive over the past two weeks with lots of prospects. We have rented 7 downtown Memphis apartment/condos and are working on 5 downtown Memphis real estate sales contracts. Not too shabby for a slowed market.

We are also working on the listing of 4 homes from Harbor Town to the South Bluffs.

If you are considering making a move, contact the Get Sold Memphis sales team and put us to work for YOU!

We Will Prevail

As we continue into the fall and winter months, a time where real estate sales traditionally go soft, may actually serve the downtown Memphis real estate market very well. I predict that this year will be the opposite of years past especially if the past two weeks serve as a current market measuring stick. Has the downtown Memphis real estate market decreased in activity, yes. Has the downtown Memphis real estate decreased in value, no actually our closed sales prices are up 7.9% YTD. We are somewhat of an anomaly in the world of Memphis real estate and continue to strive to increase these downtown Memphis real estate numbers daily.

Like business consultants should do, we at Get Sold Memphis and Henry Turley Realtors have adapted to the market conditions. Our downtown Memphis real estate market has a great deal of interested prospects, both rental and purchase. To coincide with them, we have built up a fantastic inventory of downtown Memphis real estate listings and welcome the opportunity to show you our properties.

If you are interested in buying, selling, leasing or investing you owe it to yourself to contact the Get Sold Memphis real estate sales team. Either Mike Parker, Kris Gavin or myself are happy to assist you in any way.

Remember if it has to be downtown it has to be Henry Turley Realtors and the Get Sold Memphis real estate sales team, the leaders in downtown Memphis real estate.

Best Regards-
Jason Durston
www.GetSoldMemphis.com
jdurston@henryturley.com

Lofts go from gritty to glamorous

I was just reading on Forbes.com a story about Lofts and how they are no longer only chic for starving artist and broke bohemians. Nice read comparing 10 metropolitan areas in the US and a sample of their loft's for sale, up to $10 million in Seattle. Here in our local downtown Memphis real estate market we have lofts starting in the $150,000 up to $1 Million, all with great bells and whistles. It's amazing how once run down and vacant buildings are now much of the countries most desired properties. Speaking for our downtown Memphis real estate and specifically our downtown Memphis lofts there are fantastic buys ready to be had. Exposed brick, timber beams, soaring ceilings and large windows all make our lofts unique. Then add the building amenities such as garage parking, roof top pools, gyms and on site management and you have a community within a building.

If you are looking to buy downtown Memphis real estate including a unique loft give me a call or email.

Thanks,

Jason Durston
Vice President, Director of Sales
Henry Turley Realtors
901-596-3027 Cell
jdurston@henryturley.com

Get Sold Memphis

I am very please to announce that I have decided to expand my business and business practices. I formed Get Sold Memphis in 2004 as my personal real estate sales business under Henry Turley Realtors. Over the past 4 years my business has doubled and nearly tripled in the downtown Memphis real estate market. In business there is often no perfect time to expand but I see this as the perfect time to do so. Now that the right team has been formed, it's time to proudly announce the line up. I have partnered up with long time associate, Mike Parker, who was previously with Henry Turley Realtors and current associate partner/assistant Kris Gavin. Most recently Mike led the $250 million One Beale Development sales efforts and negotiated nearly $40 million in presale condos, a very tough task. Mike and I have worked for several years together, whether under one roof or referrals back and forth while at different companies. None the less, our focus was always on customer satisfaction, expert service and knowledge of the downtown Memphis real estate market. Joining Mike and I is our associate partner and assistant, Kris Gavin. Kris has worked for me for almost two years and has been fantastic at working to increase and enhance our downtown Memphis real estate business.

On behalf of all of us at the Get Sold Memphis sales team, we are thrilled to offer 3 highly experienced and motivated Realtors to serve you as one (and for the price of one). We ask that before you decide to buy, sell, rent or invest in downtown Memphis real estate that you call us for a no obligations interview to see how we could best serve your needs.

We welcome the opportunity to earn your business.

Sincerely,

Jason Durston
Vice President, Director of Sales
Henry Turley Realtors
901-521-1593 Office
901-596-3028 Cell
jdurston@henryturley.com
www.GetSoldMemphis.com

Up, up and time to buy!

The Wall Street Journal posted today that new September homes sales jumped 2.7% but prices fell. Except for downtown Memphis real estate that is. Yesterday I posted how our downtown Memphis real estate average sales price is up 6.9%. Again, this is a great sign of our market's condition. We have a great inventory, not overbuilt like some say; in fact development must continue but a responsible pace. Overall, the South region, according to the WSJ was up .7% which is great news for our market.

I welcome the opportunity to help you with any of your downtown Memphis real estate questions. Let me show you haw this can become your view.

-Jason Durston

Extreme Makeover

Yesterday I blogged about how downtown Memphis real estate is on the rise and today there are two articles in the Commercial Appeal that echo what I was stating. First and most specific to downtown Memphis real estate is the new "Extreme Makeover" of the old U.S. Customs House, Court House and Post Office on Front Street. It is currently undergoing a $42 million makeover, again a $42 million makeover. Quite impressive. Add to this that the Center City Commission website www.downtownmemphis.com is stating "$3 billion and change" invested in current downtown Memphis real estate developments and city improvements. In my eyes, downtown Memphis will never revert back to the vacant Memphis of years past, thus the urgency to invest your money and even lifestyle in downtown Memphis. Currently our real estate is very affordable, downtown Memphis is very easy to get around-in fact we have zero traffic congestion and we're only moving up in value. The second article, "Memphis awaiting housing upswing" compares us nationally. On a national level September 2008 housing sales increased by 5.5% locally we were down by 3.1%. This is a very marginal percentage to be down in our whole market. Like I stated yesterday, downtown Memphis real estate average sales prices are up 6.9%.

My suggestion is get buying why the buying is good. This is still both a buyers and sellers market but as a buyer you have more of an advantage, for the moment! Mortgage rates are low and not difficult to get (regardless of what the national media states), inventory is fruitful and prices are still low. Some sellers are even willing to contribute to your closing cost and open to price negotiations. If your on the fence of to buy or not to buy, weigh your options and if buying is right for you than now is probably the best time to do so. If not, then continue renting, there's nothing wrong with that! What you need for sure either way is a trusted real estate advisor and I certainly can be that person to you.

If you are interested in exploring your options, call or email me anytime. I welcome the opportunity to assist you.

Jason