Terry

The Stonebrook Letter

Vol. 22, No. 7

July, 2018

Terry Stonebrook

How’s Real Estate

It’s been a great year for real estate. Values have risen sharply while mortgage rates have remained at historically low, affordable levels. The Federal Reserve Board is expected to allow rates to ease upward and some economists forecast an increase to 5% by year end. Still, house notes, generally, are well less than rents for comparable homes.

New Technology Campus on Brother Blvd.

The city of Bartlett is partnering with the State of Tennessee and Memphis industry groups to offer dual enrollment opportunities for Bartlett High School students who can enroll in The Tennessee College of Applied Technology Memphis as they complete their high school education requirements.

BrotherApplingmap


A 48,000 square foot TCAT facility in Bartlett is being built at the northwest corner of Appling Rd. and Brother Blvd. This center will focus on training for the medical device industry, where Bartlett and the Memphis Metro area rank #2 in the United States for orthopedic and spinal implants. The Memphis area demand for skilled medical machinists is more than 100 each year!

Bartlett purchased the land for the new facility and donated it to the state. Industry leaders will design the curriculum.

TCAT offers aviation and avionics training at its Tchulahoma Road campus near the Memphis Airport. FedEx has hired more than 1,300 TCAT graduates. Twenty three programs are offered by TCAT statewide including Aircraft Mechanics, Animal Lab, Automotive, Collision Repair, Computer, Dental Lab, Drafting and Cad, HVAC, Pharmacy, Welding, Truck Driving and Machine Tool.

Source: Memphis Daily News, 3/16/18

STONEBROOK

6510 Stage Rd., Suite 1
Bartlett TN 38134
901 568-0100 Terry cell
901 380-7653 office
901 592-0929 eFax

terry@stonebrookrealtors.com

% Change
6.1%
11.0%

May Total MLS Sales
Units
Average sales price

2018
1,410
$221,255

2017
1,329
$199,260

YTD Total MLS Sales
Units
Average sales price

2018
5,779
$204,390

2017
5,609
$185,946

% Change
3.0%
9.9%

Gardening with YouTube

My raised bed gardens are keeping me challenged. I’ve lost a couple tomato plants, but overall fought the battle with white flies and aphids to a draw. I relied on YouTube this week to learn:

1. Castile Soap, available at Walgreens, may be better for the plant leaves than the Dawn Dish Detergent I was using in my formula for insecticidal soap.

2. Insecticidal soap has no residual effect. It kills aphids, white flies and soft body insects on contact.

3. Keep a magnifying glass handy. See tiny sap-sucking insects on the underside of plant leaves.

4. Prune squash and cucumber vines to keep them under control. Spray long bladed scissors with Lysol Spray before moving from one plant to the next to avoid spreading disease.

Home

 

About Terry

Vines

Bike Ride at Shelby Farms

My son, Wade, visited over the 4th of July week and wanted to bike the Greenline at Shelby Farms. He and I rented 2 “hybrid” style bikes at the Visitor Center Bike Barn. We paid $42.00 for 2 bikes for 2 hours and were off and riding, probably my second bike ride in 50 years!

We headed west crossing the Wolf River toward the I-40 overpass. Stopping for a selfie, we noticed the southern sky was growing dark and heard distant thunder. We headed back to the Visitor Center, hoping to beat the storm.

Each open spot was a little worrisome as lightning flashed in the east over Germantown Parkway. The bike attendant gave us a rain check for an hour ride another day.

Take advantage of Shelby Farms bike rentals … it’s an easy way to have a good time, see some beautiful scenery and remember times when you were a kid!

Prune cucumber & squash

Life Quotes

Over the years I have picked up quotes or sayings I’ve heard from a family member, sales seminar, etc., that I felt were memorable. Some applied to the real estate profession, but most are applicable to any business or life endeavor. Here are a few:

• Stay with your strengths.
• Can't call you if they don't know who you are.
• Let go of the outcome.
• Just do it.
• Ebb the flow upstream.
• Live in day tight compartments.
• Bounce it first.
• Think on something positive.
• Focus on one thing at a time.
• No deal is better than a bad deal.
• Win-win or no deal.
• It’s hard to sell out of an empty wagon.
• Forgive and forget.
• Rise and shine.

Greenline

What Clients Say …

“Terry, we absolutely would not have wanted to make this journey without you. You helped to get our home sold quickly, and for top dollar. We had no idea what we were getting into with this incredibly competitive market and historically low inventory. You were so patient, persistent and knowledgeable. We are now thrilled to actually be in our dream home. You earn 6 stars from the Reed family. Well done!”

-Scott & Brittany Reed

Wade & Terry biking the Greenline

Terry
item7

Fresh Corn Salad

5 ears of corn, shucked
1/2 t. kosher salt
1/2 C small-diced red onion
1/2 t. freshly ground pepper
3 T. cider vinegar
1/2 C julienned fresh basil leaves
3 T. good olive oil
1 C cherry tomatoes, halved

FreshCornandTomatoSalad

In a large pot of boiling salted water, cook the corn for 3 minutes until the starchiness is just gone. Drain and immerse it in ice water to stop the cooking and to set the color. When the corn is cool, cut the kernels off the cob, cutting close to the cob. Toss the kernels in a large bowl with the red onions, cherry tomatoes, vinegar, olive oil, salt and pepper. Just before serving, toss in the fresh basil. Taste for seasonings and serve cold or at room temperature.