Friday, October 16, 2009

The Most Expensive Sale of the Week - $850,000 in Des Peres

For the second week in a row, a newly built home tops the list of most expensive home sales in Webster, Kirkwood and Glendale. 11838 Claychester in Des Peres is a 4,000 sq. ft. story-and-a-half on a stunning half acre lot.

This property's journey ended in what I would call a "Win-Win" for both the buyer and home builder. Ginger Fawcett of my RE/MAX Suburban office, who specializes in working with builders and new homes, brokered the deal in a relatively short time frame (144 days), given the current market conditions.
I really think the price of $850,000 ($212/sq. ft.) was a fair one for all the amenities. The original list price was $999,000.

I'm never surprised when our company's listings sell, despite a constant supply of new listings around them. Full time agents have a real advantage when it comes to keeping up with market conditions, pricing, etc.

1 comment:

  1. It was a steal at $850,000 as it was one of the nicest new homes I've listed. Now is the time to buy new construction as pricing will never be lower!

    Love this blog John and I'm going to have to get my act together with my own. You do a great job of summarizing the realities of the market with up to date information! Keep it up!

    Ginger Fawcett
    RE/MAX Suburban

    ReplyDelete

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