01 June 2020
29 May 2020
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!
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.
Fort Bend Real Estate Corporation and Ferguson Real Estate Consulting
have created a powerful, distinct platform for purchasing and selling luxury real estate. Kelly and Susan's refined approach maximizes exposure while maintaining high-touch and customized, private-client service to ensure optimal experience and performance for clients.
Kelly and Susan represent both residential and commercial clients throughout the Sugar Land, Fort Bend County and Houston, Harris County areas. However, when it comes to Venetian Estates no other Realtor or real estate company comes close to the number of sale transactions handled by FBRE.
This lake community, with its peaceful lifestyle and outstanding access off Highway 90A & I-69/US 59 is the only one of its kind in the Houston area.
01 February 2020
Real Estate and More
VE Market Update
There are currently five Venetian Estates homes/lots on the market for sale with prices ranging from $550,000 to $1.8 M.
In 2019 there were 7 recorded MLS sales in our subdivision ranging in price from $430,000 (off-water) to over $1M. Three other sales were unrecorded, as they sold pre-market. November and December proved to be a very busy time for FBRE, not only in Venetian but in surrounding neighborhoods as well. In December we sold a gorgeous two- acre tract on Lake Eldridge adjacent to Paradise Point on Highway 90A. We represented the buyers in this transaction and convinced an unwilling and unmotivated owner to sell! The transaction was a win-win for both parties and our client is in the process of planning for what will be a stunning new home.
We were invited by Stewart Title to attend the January 2020 economic forecast presentation by Dr. Ted C. Jones, PhD and acclaimed chief economist and Sr. Vice President of Stewart Title Guaranty Company. There are always major “take-aways” from Ted Jones’ presentations relative to the local residential and commercial markets. According to Dr. Jones if you are considering putting your home on the market February is the month to do so! We have always advised clients that March is the best time so we are very close to being in agreement...perhaps FBRE simply sells its listings more quickly than the average Realtor, so OUR clients can list a bit laterJ. The bottom line is this: If you are thinking of selling please call us now and we will be ready-to-go as soon as the trees are green and the rainy weather is over. We, in Venetian, know how especially beautiful our neighborhood is when the sun is sparkling on our lakes and spring is in the air! We still have buyers waiting for that perfect VE home or lot so give us a call.
New NeighborsOne of our 2019 end-of-year sales was the home located at 914 Piedmont. This property was home to Paula and James Suchma for 50 years! The Suchmas are remaining in the area but have moved to a smaller home with considerably less property than their over ½-acre lot! Our new neighbor is certainlysomeone you will recognize if you see him around…But as we have promised him to keep quiet…MUM is the word for now.
Our new neighbors at 122 Saint Marks are Kate and Brad Shaffer. Kate is originally from Victoria and Brad grew up in Sugar Land. Kate and Brad met at & graduated from Texas A&M. Brad works in commercial real estate. Kate and Brad moved from a beautiful home in Sugar Mill that sold the first day on the market!
The Shaffers have two children who attend FBCA. Macy will be 5 in February and Clay turned 8 this month. Clay plays baseball and Macy in into gymnastics. The whole family enjoys golf (Kate played for A & M!), fishing, Aggie sports and anything outside! The whole family, including their puppy Darcy, is looking forward to meeting more neighbors.
Here at FBRE, we are thrilled to once again have access to “fast cash” on the way in or out of Venetian Estates! BancorpSouth recently expanded their retail/personal banking services located in our office building to include a drive-up ATM, and we hope that neighbors are enjoying this convenience.
As the retail business has grown, the mortgage division of this Sugar Land branch remains a shining star of the entire BancorpSouth Bank. This team of bankers is special—they’ve been tremendously successful and truly set themselves apart by creating meaningful, personal relationships with their clients. We’re always pleased to make an introduction if you have yet to meet this VE neighbor!
Coming Soon!Many of you are familiar with the Belknap Brookside area off Brooks Street, with lovely tree-lined streets, where neighbors often walk and visit in the common area overlooking Oyster Creek. Belknap Brookside is a “neighborly neighborhood,” similar to Venetian Estates in many ways. We have a great listing coming up this week. If you know of anyone who loves the area please tell them to contact us. This home sits on a large tree- shaded corner lot. It has been maintained to perfection and is full of upgrades and updates! Call us to see!