Home Buying in Georgia>Question Details

John Hightow…, Home Buyer in Cumming, GA

What is the average price for new construction home in Fieldstone enclave, cumming for (3300sq ft) 5 bed 4?

Asked by John Hightower, Cumming, GA Wed May 6, 2009

bath with unfinished basement. I was quoted 350K and I think in this market it should be about 280K. Any suggestion what should be the price?

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Answers

3
Patel -

Don't get hung up on price per square foot for detached residential construction - at the very best it should be used only to set the maximum parameters of any value range discussion. The reasons are many and it would benefit you to hit these links - http://www.trulia.com/blog/hank_miller_-_associate_broker/20… and http://www.hrmiller.com/price-per-sq-foot.asp

PPSF works with standard buildings - condos, offices, retail, etc but there are always variables to factor in.

If you're buying new you should be taking maximum advantage of this market and anything "quoted" by a builder should be immediately dismissed. median prices in Fieldstone and the surrounding area are not that high - and the market continues to settle (nice for decline).

I'm happy to work up a game plan for you and tear into the data, drop me an email or call.

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
678-428-8276
0 votes Thank Flag Link Thu May 7, 2009
Average sales price with a basement in Fieldstone Enclave is $339,500
0 votes Thank Flag Link Wed May 6, 2009
Check this page out: http://www.localtownmls.com/Neighborhoods/Richmond/Fieldston…

Or call / email and I will create a CMA Report for you!
0 votes Thank Flag Link Wed May 6, 2009
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