Thomas Hagar and his wife, Jennifer, bought a four-bedroom, 2.5 bath at 140 Greycliff Manor Dr. in Oakville for $395,000 from John and Melissa Buecker on Dec. 13.

The Bueckers paid $453,834 for the home in July 2005, the same year it was built.

Joan Curbow of Keller Williams Realty of St. Louis was the agent for the sale. The home was listed for $399,900.

Mr. Hagar is the president and CEO of FirstService Bank, a full-service retail bank in Crestwood that opened in 2002. The bank was acquired by the Stifel Financial Corporation for $38 million in Oct. 2007, but Hagar was retained as the CEO of FirstService.

Home sales in Oakville dropped 21 percent through Nov. 30, 2007 vs. the same period in 2006. The median price over that time period also slipped $15,000, from $225,000 to $210,000.

According to BlockShopper Metrics, median home sales prices in Oakville have risen steadily since 2002.

Address: 140 Greycliff Manor Drive
Buyer(s): Marianne Radley (Wife) and Paul Radley (Husband)
Seller(s): Hagar Crosby Jennifer (Wife) and Thomas W Hagar (Husband)
Sale date: Feb. 7, 2008