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Prime Real Estate: Home prices rise along with home equity

New-home sales soared in March, beating out experts’ expectations according to a report released last week by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to Freddie Mac’s monthly outlook for March, a 5.1-percent increase in home prices is predicted in 2018.

Here’s what’s new in new homes:

More to see as Ehlmann Farms approaches closeout in Weldon Spring

Three homesites remain for purchase at Ehlmann Farms and Fischer & Frichtel has added yet another attraction for buyers. Located on Sammelmann Road in Weldon Spring, the builder’s picturesque 10-home enclave features home settings all exceeding a half-acre and designs from the firm’s high-fashion Estate Collection. The plans encompass 2,220 to 4,109 square feet of luxurious living space.

Fischer & Frichtel has included the popular option of a finished lower level with the two move-in-ready ranches currently available in Ehlmann Farms.

Sale-priced at $749,900, the custom-designed Arlington II is an open-concept ranch featuring a deluxe island kitchen, floor-to-ceiling fireplace, a three-car side-entry garage, extensive wood flooring, granite countertops and a spacious deck overlooking two acres.

Also owner-ready, the Durham II is specially priced at $729,900 and features an expanded hearth room and covered patio; a three-car side-entry garage; and a finished, side-walkout lower level, perfect as a mother-in-law suite or for the college student living at home.

Served by top-ranked Francis Howell schools, the Ehlmann Farms neighborhood is located only a mile from the juncture of Mid Rivers Mall Drive and Hwy. 94, with direct access to I-64/Hwy. 40. Virtually at homeowners’ doorsteps, St. Charles County’s newest park also is scheduled for completion this year at the nearby Kisker/Pitman Hill intersection.

Community Sales Manager Jim Horton welcomes questions at (636) 735-3400. Complete details on Ehlmann Farms can be found on the company website, fandfhomes.com.

Griffey Homes builds new luxury ranch inventory home at MacArthur Park

Griffey Homes has just two homesites remaining at MacArthur Park and has begun construction of an Acadia ranch inventory home, offering three bedrooms, two baths and a three-car garage on nearly 2,300 square feet.

“The Acadia is priced at $436,000,” sales manager Kim Valerio said. “It will include a gas fireplace, some 10-foot ceilings, a 9-foot pour in the lookout basement, white Shaker cabinets with a gray Shaker island, solid-surface tops and kitchen backsplash tile.”

MacArthur Park is a single cul-de-sac of just 11 homesites, many backing to trees and conveniently located on Central School Road just off Mid Rivers Mall Drive, within the Francis Howell School District and close to Cottleville. Home sizes range from 2,293 to 3,334 square feet. Prices start from the $340,000s.

For more information about MacArthur Park or custom homes, call (636) 936-1923, email kim@griffeyhomes.com or go to griffeyhomes.com. Prospective buyers are invited to visit Griffey Homes’ Facebook page for photos of recently completed homes.

Steve Thomas opens Carter Canyon in Wright City from $160’s

A household name in St. Charles County, builder Steve Thomas is now offering homes from the $160,000s at Carter Canyon, featuring mostly wooded home sites located off of I-70’s exit 200 in Warren County.

These homes feature granite countertops, walk-in closets and cultured marble countertops in each bathroom, a two-car garage and more.

At Eagle Estates off Orf Road in St. Charles County, Thomas is starting construction on the Magnolia, a 2,628-square-foot split-bedroom ranch inventory home on a wooded homesite.

At Eagle Estates, Thomas is offering 10 large homesites on a single cul-de-sac  off Orf Road. Homes are priced from the $380’s.

“We can build your dream home using your plan or one of ours,” Thomas said, of the company’s Custom Home division.

For more information about custom homes, Eagle Estates or Carter Canyon, call (636) 561-2120 or visit stevethomashomes.com.

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