37 Londonderry Drive, a spec house that started off in October, 2105 at $5.195 million and ended up at $4.195, reports a pending contract. It had a contingent contract back in October, 2016, but that one fell though. A "pending" sale is stronger than "contingent", and presumably this one will stick.

The rap on this property was always the Merritt noise, which flows unimpeded across the Burning Tree greens and slams into the house; nothing against the house itself.

Th builders paid just $1.150 for the land back in 2013, so even toting up carrying costs, commissions and taxes, I'm sure there's plenty of room to make a profit here; just not as much as hoped for.

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