MELISSA MULLIS PROPERTY GROUP 

Which brings us to this newsletter's theme: Vibrant Autumn Vibes

Given the Autumn palettes that are coming across my desk and computer this season, it appears that vibrance is "what is in" this year. You may even pair vibrant colors with traditionals for a highly striking look. So I'm including a few palettes and ideas to get you in the mood. Hope you enjoy perusing these and getting ready for your best Autumn.

On the Real Estate Market front, below you'll find national, state and local data but first, a few observations on a national scope based on info from Lawrence Yun, the Chief Economist for the National Association of Realtors.

"The first half of the year was a downer for sure with sales lower by 23%. Fewer Americans were on the move despite the usual life-changing circumstances. The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably."

Surrounding the lack of inventory and market demand, he also had this to say:

"There are simply not enough homes for sale. "The market can easily absorb a doubling of inventory."

No matter what, we are focused on helping you sell or buy your next home for the best possible terms and outcomes. In other words, no matter the state of the market, we are very good at what we do, and are here for you!

Please continue on down for regular monthly features such as the Market Data, Listing of the Month, Clients of the Month, Community Spotlight, a Calendar of Holidays and Observances, Farmers Markets, Community Events, and this month's curated articles on Vibrant Autumn Vibes.

We are always so cheerful about bringing you the first of the Autumn/ Winter holiday newsletters!!!!

And now for data on the national, state, and local markets.

MARKET HIGHLIGHTS

Below, please find national real estate housing data and infographics from the National Association of Realtors. Keep reading to view the summary for the Louisiana market and in particular, St. Tammany and Tangipahoa Parishes.

We think you'll be most interested in what is happening here, but it helps to be aware of national market trends. 

Please keep in mind that on the national level, data lags one month behind.

National Snapshot for the month of *July

• Pending Sales - increased by .3%- month over month [while in the regional South they decreased by 1.4%]
• Existing Home Sales - increased 3.3% - month over month [note: last month it increased 0.2% - month over month]

Continuing Challenges:

• Interest Rates
• Affordability
• Inventory Shortages

Louisiana Market Summary for July

Snapshot of Entire MLS, St. Tammany, and Tangipahoa Parish Markets [from InfoSparks]

• Housing Inventory:
• Entire MLS: 3.6 months supply
• St. Tammany: 2.7
• Tangipahoa: 2.7
• Average Home Prices from July 2022 to July 2023:
• Entire MLS: -1.8%
• St. Tammany: +2.9%
• Tangipahoa: +1.1%
• Closed Sales from July 2022 to July 2023:
• Entire MLS: -19.9%
• St. Tammany: -22.8%
• Tangipahoa: -19.6%
• Days on Market:
• Entire MLS: Average 45 days
• St. Tammany: Average 39 days
• Tangipahoa: Average 43 days

Wishing You a Vibrant Autumn,

Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP

HOLIDAYS AND DAYS OF OBSERVANCE

PICTURESQUE COTTAGE HOME ON

10 ACRES AND A POND IN CHENEL FARMS

80430 CHENEL ROAD, FOLSOM, LOUISIANA 70437

ACTIVE/ RESIDENTIAL/ MLS #2393978/ 10 ACRES/ 2 BED

2 BATH/ LOFT FLEX SPACE/ EXTRA BUILDING ON SITE WITH

FLEX SPACE/ 1 CAR GARAGE

Welcome to a stunning home nestled in the countryside of Folsom, Louisiana in picturesque Chenel Farms. This 2 bedroom 2 bath cottage with oversized loft rests on 10 wooded acres full of wildlife and an array of greenery such as Camellias, Azaleas, Mulberry, Pear, Meyer Lemon, Persimmons, Figs, Wild Strawberries, Blueberries, Blackberries, Limequats, Yuzus, Eucalyptus, Bamboo and so many more.

The minute you drive up on Chenel Road you will feel relaxed with the winding and hilly roads. As soon as you enter the front gate you will be amazed by the whimsical details and encouraged to relax and sit by the pond. Continuing you will find a bamboo path before you step up to enter the home either by front or side entrances.

The home boasts original Heart of Pine floors throughout grand living area with wall of windows letting in tons of natural light. You will be toasty by the wood burning fireplace in the cooler months. Additional sitting and dining area of custom kitchen with tons of character - tree post from the woods, bamboo curtain rods, Mexican tile floors, tile and Butcher block counters. Primary suite has cathedral ceiling with a scenic wall of window overlooking back forest! Ensuite bath has separate shower and soaking tub. Bedroom 2 has bath adjacent off hall. For added bonus, there is spacious loft large enough for office/playroom or 3rd bedroom. Walk out onto deck to lounge and get inspired.

Enjoy the Wellness studio or bring your own creative uses for this space. One car garage, workshop and shed a plus! History galore abounds in Chenel Farms dating back to 19th Century and founder Louis Chenel. Only 2 owners have enjoyed this property... You can be the 3rd!

Come appreciate the tranquility of rural living while still being within easy reach of modern conveniences. Explore nearby parks, golf courses, and equestrian centers, or take a short drive to enjoy the vibrant attractions of Covington and Mandeville. Home located in Flood Zone C

OFFERED AT $ 625,000

CLICK HERE TO VIEW LISTING

CLICK HERE TO WATCH A VIDEO TOUR BY MELISSA

Brittany Jones

Wayne and Cleo King

THANK YOU FOR LETTING US HELP YOU FIND YOUR WAY HOME 

• Recurring on Fridays and Saturdays - Live Music at Columbia Street Rock-n-Blues - for more info, click here
• Recurring on Fridays - First Friday Community Breakfast at Giddy Up Folsom - for more info, click here
• Recurring on Fridays - Friday Date Night at Palmettos - for more info, click here
• Recurring Weekly on Saturday - Saturday Dinner with Live Instrumental Music on the Bayou - for more info, click here
• Recurring Weekly on Saturdays until October 7 - Covington Art Market Under the Oaks - for more info, click here
• Recurring Monthly on the First Friday - Abita Brewery Food Truck Roundup - for more info, click here
• August 5 - Chafunkta Bike Crawl - Chafunkta Brewing Company - for more info, click here
• August 6 - Saturday Dinner with Live Instrumental Music on the Bayou - for more info, click here
• August 7 - United Way of Southeast Louisiana East St. Tammany Red Beans 'n Rice Cook Off - for more info, click here
• August 12 - White Linen and Lagniappe - Old Towne Slidell - for more info, click here
• August 18 - Sunset at the Landing Concert - Columbia Street Landing - for more info, click here
• August 19 - Covington White Linen for Public Art - for more info, click here
• August 26 and 27 - Home Pro Expo - Harbor Center - for more info, click here

• Abita Springs Art + Farmers' Market - Sundays 11:00 am to 3:00 pm - for more info, click here
• Camellia City Market - Saturdays 8:00 am to 12:00 pm - for more info, click here
• Covington Farmers' Market - Wednesdays 10:00 am to 2:00 pm and Saturdays 8:00 am to 12:00 pm - for more info, click here
• Claiborne Place Makers Market - Sundays 10:00 to 2:00 pm - for more info, click here
• Farmers' Market at Giddy Up Folsom - Thursdays - for more info, click here
• Mandeville Community Market - Saturdays 9:00 am to 1:00 pm for more info, click here
• Lacombe Monthly Market - Recurring on Second Saturdays - for more info, click here
• Lafitte Street Market - Saturdays 9:00 am to 1:00 pm - for more info, click here

  CURATED CONTENT 

• Color Palettes for a Vibrant Autumn [Pinterest]
• 60 Fall Front Porch Ideas to Celebrate Your Best Autumn [HGTV]
• 22 Beautiful Fall Color Schemes for Your Home [Country Living]
• 40 Best Flowers to Plant to Brighten Up Your Garden for Autumn [Good Housekeeping]
• 55 Best Fall Decor to Embrace the Cozy Season [Pioneer Woman]
• 63 Fall Decorating Ideas for a Beautiful Autumn Season [Southern Living]
• Bright and Colorful Mantel and Decor Ideas for Fall [Tatertots and Jello]
• ENTERTAINING: Fall Entertaining Guide [Food Network]
• HOME DESIGN TRENDS: 28 Gorgeous Ways to Decorate with Fall Colors
• CURB APPEAL: 15 Secrets of Curb Appeal for a Beautiful Home [Southern Living]
• HOME STAGING: 15 Home Staging Essentials to Sell Your House Fast [HGTV

COMMUNITY SPOTLIGHT

In this month's Community Spotlight, we feature Giddy Up; a coffee shop and cafe located in the heart of Folsom, Louisiana. They serve coffee, tea, smoothies, fresh baked pastries, paninis, soup, and regularly host special events such as a monthly Community Breakfast, the Folsom Community Women in Business meetings, a Farmers' Market, Live Music First Fridays and much more.

Giddy Up and the surrounding connected spaces have created a wonderful space for the local community to gather. It has also easily become one of my favorite places on the Northshore.

Stop by for a coffee and a pastry, stay awhile, and enjoy this space for your self!

GIDDY UP FOLSOM

COFFEE AND GATHERING SPACE

82292 HIGHWAY 25

FOLSOM, LOUISIANA 70437

985.260.5060

WWW.GIDDYUPGROUNDS.COM

FIRST FRIDAYS AT GIDDY UP

RAE MANALE, CLIENT COORDINATOR



Rae Manale, is a New Orleans Native who relocated to the Northshore after Katrina. An LSU Alumna, Rae was Vice President of the LSU Real Estate Association.

She has been in the Real Estate Industry for over 7 years, but she brings new and inspiring ideas to our team, and will efficiently organize all processes to elevate and streamline your experience and make the buying and selling process stress free. Rae also enjoys marketing and has brought our marketing and social media to a whole new level. 

Rae enjoys getting involved in her community and most importantly the joys of watching her toddler grow. Family is very important to her, so when she is not working or exercising her body/mind, you can find her spending time with the ones closest to her.

  RE/MAX ALLIANCE

625 N CAUSEWAY BLVD, STE. C

MANDEVILLE, LOUISIANA 70448

[email protected]

www.melissamullis.com

C [225] 216-5746

W [985] 674-5628

Each office independently owned and operated