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UCH on Vacation ~ London Trip Day 1

2010 July 14
tags:
by Karen Goodman

(Posted the day after I wrote this due to a crazy busy schedule)

Today I flew to London.

Karen at St. Louis airportFor years, taking a vacation to Europe has been at the top of my To Do list. But for one reason or another, the trip just never happened. Until today. My friend Pamela and I flew from St. Louis to London for a 8 day trip.

Though this blog is normally all about University City, I decided to take it on the road to chronicle the daily experiences as two Midwestern American gals discover London and the nearby countryside for the first time.

This is also my first vacation traveling with a computer. I bought a netbook a few months ago, and hope that it will transform the way I remember trips from this point forward. Too many little details just get lost over time when you fail to write them down. The goal is to write up the day’s experiences nightly and post them sometime the next day. According to my research before the trip, it’s fairly easy to find free wifi in London…we’ll see. If not, my hotel lobby only charges £1 for 20 minutes (about $1.50).

Getting Here:

Our original itinerary called for us to fly out at 2:45 pm on Tuesday, connecting through New York,  overnighting on the plane and landing in mid-morning (London time). About a week before the trip, we found out that 2 seats opened up on a flight through Chicago which would get is here in one day. Even though it meant arriving at the airport at 4:30 AM for a 6:00 AM departure, we decided it would be better to arrive late at night and tackle our first day relatively rested, rather than spend half of it traveling and then feeling the need to start hitting sightseeing spots the same day.

Our travel day went very smoothly, with both of our flights taking off on time and the flight time going by amazingly quickly. Though there was a baby who cried through much of the 8 hour flight to London, my iPod drowned it out quite well. We even had two relatively good meals on the flight, a cheese omelet & potatoes breakfast and a salad & pizza for dinner.London flight breakfast

Transportation Surprises:

We had done our research, and planned to take the Heathrow Express train to our hotel, Corus Hyde Park Hotel. What we didn’t plan for was an hour and a half to get through immigration.

Since the train service had stopped before we could get out of the airport, we had a choice between sharing a taxi with another passenger we met in the immigration line at a cost of about $45 each or taking the night bus for $3.50 each. We decided to go the adventurous route with the bus. A nice off-duty airport employee  walked us across the airport to the bus terminal and made sure we knew where to go. We boarded at 12:30 AM for what we were told could be a 2 hour ride to the City of Winchester/Hyde Park area.

London night bus ride

Let me first say that every bus in London is a double-decker bus. This bus was no exception, and the first floor was already filled with passengers when we boarded. We dragged our bulky suitcases up the steps and then tried to follow along a map we brought with us…one that didn’t show the bus stops, let alone the night stops. Since the subway service (called the Tube) stops at midnight, a colorful crowd got on & off the bus at each stop. After only an hour, we found our exit and hopped off the bus at Hydes Park Corner…which is unfortunately on the opposite side of the park from our hotel. Walking at 1:30 in the morning dragging suitcases wasn’t something I was very keen about, though there were plenty of cars and a surprising number of people on the sidewalks with us. It also seemed like a fairly nice party of town, so we weren’t too uncomfortable. Still, we were quite happy that it only took a few blocks before we were able to hail a taxi for the rest of the ride.

To Sleep or Not to Sleep?

Pamela at our hotel bar By the time we got to the hotel, it was after 2:30 AM. But even with getting only 4 hours of sleep the night before, I just didn’t think I could go to sleep at 8:30 PM St. Louis time. So, we headed to the hotel bar based on the information from the hotel brochure in our room stating that the bar was open for drinks & paninis 24 hours a day.

We walked into a bar with about a dozen party-goers who were winding up their night dressed in tuxes and cocktail dresses. It took us a while to sort it out, but we finally figured out that they had attended a special opera dinner at our hotel. To our surprise, the bartender informed us that they were not serving food, the draft beer was too foamy so she shut the taps down and they were out of bottled beer. We ended up splitting a couple of ciders, Strowbridge and Manger’s.

I think I’ll stick to beer the rest of the trip.

A short while later, the bartender closed down the bar. We would soon discover that just because a London establishment advertises food is served “all day”, it doesn’t mean that you can get something to eat after 10 PM.

Lessons Learned:

  • Take an iPod on your flight. Not only does it help pass the time, but it works amazingly well at drowning out crying babies.
  • Allow for plenty of time to get through immigration…it took us  1 ½ hours and we landed at 10:30 PM.
  • Be prepared to be flexible. No matter how much you research in advance, sometimes things happen and you will end up taking a bus instead of a train. Smile and enjoy the sites.
  • Just like at home, London buses do not stop at every bus stop unless there is someone waiting outside to get on. Make sure you watch for your stop and push the button to let the driver know you need to get off.
  • Corus Hyde Park hotelWe had been warned about the small size of London hotel rooms. Set your expectations accordingly, read some reviews before you book, and you might just be as lucky as we were with the Corus Hyde Park Hotel. The A/C, not standard in London, also was very appreciated since it made the room so much less stuffy. If you end up at a hotel without A/C, the windows can be opened to allow a cool breeze.

Coming Up: Day 2 in London including Big Bus Tour, Westminster Abbey, River Thames City Cruise and search of a London Pass.

Don’t miss any London trip posts, sign up for email updates here.

Forest Park-Loop Trolley Plan Moves Forward

2010 July 10
by Karen Goodman

loop-trolley

Thanks to Joe Edwards’ continued efforts, St. Louis is taking one step closer to being a great destination for visitors.

Plans are in the works for a new hybrid-electric trolley which will run on tracks from The Loop to Forest Park.

delmar-loop-trolley-minatureThe 2.2-mile fixed-track trolley will have 9 stops including:

  • Forest Park MetroLink station
  • Delmar MetroLink station
  • Crossroads College Preparatory School
  • Pageant
  • Tivoli Theatre
  • Market In the Loop

Today’s STLToday article provides details on the background of street cars in St. Louis and plans for the future project:

The trolleys will run in both traffic lanes of Delmar west of the old Wabash train station.

Tim Page, a project engineer with the firm CH2M Hill, predicted that the trolleys will alleviate traffic congestion in the Loop.

“They’ll travel right along with traffic, accelerating and braking like a car,” Page said.

East of the Wabash station, the trolleys will transition to a single track running down the middle of Delmar. The trolleys will also run on a single set of tracks on DeBaliviere.

DeBaliviere will be reconfigured from four lanes to two. Traffic will be moved to the west side of DeBaliviere, while the trolley and a greenway for bicycles and pedestrians will be on the east side. Page said the trolleys will be hybrid-electric models. They will run on battery power west of the Wabash station.

East of the station, they will be powered by overhead electric lines on Delmar and DeBaliviere that will recharge the batteries.

The cars will be retro-styled but with modern amenities such as air conditioning, heating and efficient mechanical systems.

The article also quotes Joe Edwards as saying “If you look at other cities that have them, trolleys lead to more commercial and retail activity, as well as neighborhood vitality.”

Impact on Housing Market:

I also think that the trolley could lead to more demand for housing in neighborhoods in the eastern section of the Loop and near the city stops.

Just last week I helped a couple buy a home in Maplewood within a couple of blocks of two MetroLink stations. Over the years, I’ve had a number of clients try to find homes close to the light rail stations, usually without a whole lot of success.

The trolley stops will be a huge bonus for people wanting easy access to Forest Park and the Loop’s nightlife. My prediction is that many people who would have chosen to live in the Central West End will take a serious look at the neighborhoods along the trolley line. Easy access to Forest Park, Loop restaurants and MetroLink stations heading to the CWE and the city, combined with more affordable home prices than those in the CWE, will make the trolley area very attractive.

Once all this happens, prices will start going up. Maybe the time to buy is now.

Who are the Top Real Estate Agents in University City?

2010 July 6
by Karen Goodman

University City, MO real estate agents

I am a resident of University City, but I also sell homes throughout the St. Louis region.

Every few months, I get a call from someone who wants me to meet with them about listing their home, but they also plan to meet with the neighborhood expert who sells “most of the homes in the neighborhood.”

I would bet that you aren’t surprised that most people think they will be better served by an agent who does a ton of business in the area.

But I would also bet that you would be surprised that I’ve never seen an area that really has an agent who does the majority of the business.

To prove the point, I often run a report which lists every agent who has had a home sale in the neighborhood or area. It never fails that the top 10 agents have a very small % of the market share. Most of the sales are by agents who had just one sale in the area.

University City is no exception.

Who are the Top University City Listing Agents?

Between Jan. 1 – June 30, 2010, there have been 223 homes and condos sold in University City.

These 223 sales were listed by 156 agents. Only 18 of the agents selling homes in UCity this year sold more than 2 listings!

The top agent only had 9 of the 223 sales (3.9% market share). The next 5 agents tied with 6 sales each (2.6% market share each).

  1. Joanne Iskiwitch – 9 listings sold
  2. Bob Canaday – 6 listings sold (foreclosures)
  3. Barry Adelstein – 6 listings sold (foreclosures)
  4. Benjamin Nichols – 6 listings sold
  5. Carol Butler – 6 listings sold
  6. Sabrina & Dave Robb – 6 listings sold
  7. Marc Kutton – 5 listings sold (foreclosures)
  8. Cathy O’Neil – 4 listings sold

And a whopping 84% of the listings were sold by an agent who sold only 1 listing this year in University City.

And for those of you who think there is a particular real estate brokerage which does the majority of the business, you may be surprised to find out that the 223 listings were sold by 88 offices.

Top Listing Offices for University City:

  1. Prudential Alliance, Realtors
  2. Keller Williams Realty St. Louis (my office!)
  3. Janet McAfee Inc.
  4. Dielmann Sotheby’s Int’l Realty
  5. Coldwell Banker Gundaker – Ladue office

Who are the Top University City Buyer’s Agents?

When people think about the agents who work in an area, they usually rely on the signs they see in yards advertising homes for sale. But, most of the busiest listing agents don’t represent very many buyers. When I checked to see which real estate agents assisted the most buyers purchasing University City homes, I came up with a very different list.

The 223 homes & condos sold in University City had 191 different agents representing the buyers!

The top agents were:

  1. Mandy Wong – 6 buyer purchases
  2. Bob Canaday – 4 buyer purchases
  3. Marc Kutton – 3 buyer purchases
  4. Joanne Iskiwitch – 3 buyer purchases
  5. Christopher Thiemet – 3 buyer purchases
  6. Scott Sandler – 3 buyer purchases

The rest of the agents had either 1 or 2 buyer purchases.

NOTE: When buyers approach a listing agent and don’t have an agent already, they either end up in a dual agency situation (both sides being represented by the listing agent) or they are assisted by the listing agent but do not have any representation. The buyer agent statistics sited here do not distinguish between buyers who used assisted by the listing agent vs ones who were represented by the listing agent.

Top Buyer Agent Offices for University City:

  1. Prudential Alliance, Realtors
  2. Keller Williams Realty St. Louis (my office!)
  3. Janet McAfee Inc.
  4. Sweet Home Realty
  5. Coldwell Banker Gundaker – Town & County office

Bottom Line:

There really isn’t an agent who dominates the University City real estate market. Agents like me may have our listings more spread out around the St. Louis area, but we often sell homes faster and for a higher % of the listing price than the so-called neighborhood expert.

If you are thinking of buying or selling a home in University City, I would welcome the chance to meet with you and talk about my approach to selling homes.

Leave a comment or contact me by by phone or email (see the right sidebar of this website). I’m happy to help however I can.

University City, MO Housing Market Report

2010 July 5
by Karen Goodman

The Sold! page which lists sold properties by address and subdivision has been updated through the end of June.

2010 YTD Home Sale Summary:

From January through June 2010, there have been 119 homes which sold through an agent priced at $150,000 or above.

  • January – 13
  • February – 8
  • March – 21
  • April – 19
  • May – 31
  • June – 27

Pricing:

Minimum sale price – $150,500
Maximum sale price – $699,000
Median sale price – $294,000

Days on Market:

DOM – The number of days from the time a property was initially listed until it got an accepted contract that later closed. Properties that are taken off the market for 60 days reset the days on market to zero when they are relisted.

Minimum DOM – 0
Maximum DOM – 331
Median DOM – 60

Sale Price Ratio:

SP:OLP – The percentage of the original listing price vs. the actual closing price. Example – a property was initially listed for $100,000, later had a price drop to $80,000, and closed for $75,000. The SP:OLP would be 75%. Low SP:OLP suggest properties were overpriced initially. On average, homes in most areas sell for 4-6% off of the current list price.

Minimum SP:OLP – 73.27%
Maximum SP:OLP – 105.66%
Average SP:OLP – 92.12%

YTD Condo Sale Summary:

There have only been 9 condos sales in University City from January – June 2010 which was listed by an agent and sold for $150,000 or above.

  1. 155 N. Hanley Road #202 – sold for $275,000 (1/6/10)
    The Oaks of Olde Towne, 22 yrs old, 2 bedroom/2 bathroom, 1,571 square feet
  2. 155 N. Hanley Road #200 – sold for $180,000 (2/10/10)
    The Oaks of Olde Towne, 22 yrs old, 1 bedroom/1 bathroom, 1,038 square feet
  3. 521 North & South Road – sold for $599,900 (2/11/10)
    Beringer Place, 9 yrs old, 2 bedroom/2.5 bathroom, 2,720 square feet
  4. 7801 Delmar Blvd #1E – sold for $185,000 (3/18/10)
    Welu Condo, 73 yrs old, 2 bedroom/1 bathroom, 1,451 square feet
  5. 7011 Dartmouth Avenue 1st floor – sold for $169,900 (5/5/10)
    The Residences of Dartmouth, new construction, 2 bedrooms/2 bathrooms, 1,400 square feet
  6. 754 Leland Avenue #1S – sold for $157,375 (5/28/10)
    Leland Condominiums, 85 years old, 2 bedrooms/2 bathrooms, 1,230 square feet
  7. 7011 Dartmouth Avenue 2nd floor – sold for $167,500 (5/28/10)
    The Residences of Dartmouth, new construction, 2 bedrooms/2 bathrooms, 1,400 square feet
  8. 7801 Delmar Blvd #1W – sold for $184,500 (6/23/10)
    Welu Condominiums, 74 years old, 2 bedrooms/1 bathroom, 1,451 square feet
  9. 7331 Forsyth Blvd #2W – sold for $250,000 (6/28/10)
    Beacon Place Condos, 82 years old, 3 bedrooms/2 bathrooms, 1,496 square feet

Buy a Restauant ~ Brandt’s Cafe is For Sale

2010 June 23
by Karen Goodman

brandts-logo

Brandt’s Cafe has been one of my favorite restaurants for years, so I’m a little sad to tell you that Adam Brandt is looking for a buyer for his restaurant.

Adam sent out an email today to the restaurant’s fans announcing that he is looking for a buyer.

I certainly understand why he has made the decision to sell, but I hope that the new owners won’t change things around too much. Adam has put together a formula that works really well… wonderful atmosphere, attentive service, amazing food, live music and sidewalk seating.

Here’s the information that Adam sent out announcing that he is selling:

Brandt’s Café For Sale By Owner:

  • Seller financing available
  • Will sell 100%  or will partner by selling 60% or more

Owner is pursuing interests outside of St. Louis and can no longer commit the time and efforts needed to keep Brandt’s Cafe a prosperous St. Louis landmark.

Located in The Loop since 1985

  • consistent Million $$ revenue year after year
  • LOCATION, LOCATION, LOCATION
  • dynamite high traffic corner location in the heart of U City’s Delmar Loop

EXCELLENT TRANSFERABLE LEASE (rent appx $16.50 / ft this year) – significantly under-valued compared to market prices

  • approx 2,850 sq ft – dining room, bar, kitchen, bathrooms
  • approx 2,850 sq ft – basement storage
  • Indoor “fire code” capacity of 92 guests
  • Outdoor patio seating capacity approx 80 guests
  • Total seating capacity approximately 172
  • Full restaurant, kitchen and bar
  • 2007 Digital Dining POS system installed (4 monitors) and Video Surveillance
  • Kitchen remodeled in 2007
  • Bathrooms remodeled 2010
  • Leased space – no real estate included in the sale

BRANDT’S CAFÉ ACCOLADES:

  1. Best Chicken Wings in St. Louis
  2. Best Crab Cake Burger in St. Louis
  3. Best Spinach Artichoke Dip in St. Louis
  4. Best Bloody Mary in St. Louis
  5. Best Place to Be Seen
  6. Best Outdoor Dining
  7. Fordor’s Travel:  Top 6 Places to Eat in St. Louis
  8. Recommended by Travel and Leisure Magazine and American Airlines Magazine
  9. Best Jazz Club (twice), AOL
  10. Top-3 Best Jazz Clubs, River Front Times

For more information, contact Adam Brandt at 314-954-2326.

University City Loop ~ Teenager Curfew Revised

2010 June 17
tags:
by Karen Goodman

university_city_loop Over the last few years, U City Loop business owners have complained that loitering teens make their customers uncomfortable and hurt business.

Up until this week, teenagers were allowed to be in the Loop business district until 10 pm.

Effective immediately, minors 16 yrs old & under are not allowed in the Loop after 9 pm unless accompanied by a parent or guardian.

The city tried to address this problem last year, but apparently didn’t go far enough. In February 2009, the Loop teen curfew was changed from 11 pm on weeknights/midnight on Saturday & Sunday to 10 pm every night.

With the new law enacted, patio seating and strolling the Loop on summer nights will be much more pleasant for paying customers frequenting bars and music venues.

Though I’m sure there will be people who feel the city went too far, I think they made the right decision. As the stores close for the evening, almost all of the businesses that remain open after 9 pm are aimed at adults. Granted, there are exceptions such as Fro Yo and Fitz’. But eliminating the clogged teen-filled sidewalks is critical to keeping the Loop a strong business area.

Honestly, this is no different than shopping malls restricting when teens can simply hang out in groups on their grounds.

More information about the new curfew…

What do you think about the new curfew?

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