Presently there are five short sales under contract awaiting closing in the Chelsea Park subdivision. The list prices for these short sale properties range from $150,000 (two at this price!) to $210,000. Add to the equation a foreclosure under contract with a list price of $182,900 and it appears the selling price in Chelsea Park should be at or below the $200,000 mark.
While it is true, in my opinion, the distressed properties influence price they do not set the market price for standard/fair market listings.
So what is the market price in Chelsea Park subdivision? The above pending home sales reflect the discounted prices that come with distressed properties. A closer depiction of the market right now is likely the recently sold homes as well as the current active listings.
Last month (November 2011) a home located at 393 Tunbridge Drive sold for $275,000. This 3,235 sq.ft. home was a standard sale. This five bedroom four bath pool home, three car garage, pool on the water was only on the market for five days.
In October 2011 a four bedroom three bath three car garage pool home at 238 Windsail Circle sold for $215,000 (2,369 sq.ft.) - on the market for only 14 days.
There are currently three active listings in Chelsea Park. All of these 2000-2005 built four bedroom homes are large with 2,568 to 2,868 sq.ft. under air. Priced from $209,000 to $299,000 these homes have been on the market an average of about 20 days (3, 11, 53 days each)
For information on homes for sale in Chelsea Park subdivision, please give me a call or send me an email.
If you are considering selling your Chelsea Park home, let me do a free market analyze for you!
"We contacted the closest Century21 and asked for their top agent. Gary Waters contacted us, we interviewed him and were immediately impressed. Not only was his knowledge of the area superb, his communication was outstanding. Gary sold our house 32 days after listing it and kept us informed."