Cheswick Place 2018 YTD Market Analysis
|Date Listed||Address||Original List||Current List||Status||Date Pending*||DOM||Date Sold||Sale Price||Bedrooms||Baths||Total Sq Ft|
|11/2/18||13659 Cheswick Blvd||$649,900||$649,900||Active||6||4||4.5||4,675|
|9/5/18||1011 Rosemont Dr||$619,900||$599,000||Active||64||5||4.5||5,376|
|9/19/17||1010 Summer Hill Dr||$629,900||$629,000||Sold||1/2/18||105||1/11/18||$600,000||6||5||6,223|
|2/6/18||13931 Broad Meadow||$540,000||$525,000||Sold||3/20/18||42||4/30/18||$500,000||5||4.5||5,078|
|2/14/18||940 Sable Run||$629,900||$619,900||Sold||4/19/18||64||5/25/18||$607,000||6||3.5.5||5,902|
|3/8/18||13681 Cheswick Blvd||$729,000||$729,000||Sold||4/9/18||32||6/20/18||$720,000||5||4.5||6,148|
|4/21/18||1040 Princeton Gate||$555,900||$549,900||Sold||7/7/18||77||8/17/18||$525,000||4||3.5||4,287|
|5/3/18||931 Sable Run||$725,000||$725,000||Sold||5/7/18||4||6/14/18||$720,000||5||4.5||5,787|
|5/18/18||1009 Pine Hill Way||$685,000||$590,000||Sold||7/20/18||63||8/20/18||$587,500||5||4.5||6,582|
|7/26/18||1002 Summer Hill Dr||$649,000||$649,000||Sold||9/4/18||40||10/19/18||$636,000||5||4.5||5,145|
|3/30/18||1021 W Pine Hill Way||$714,900||$679,900||Off Market||10/31/18||215||5||4.5||5,192|
|4/24/18||1013 Pine Hill Way||$589,000||$575,900||Off Market||10/24/18||183||5||4.5.5||6,567|
|7/17/18||13868 Broad Meadow Dr||$599,000||$560,000||Off Market||11/8/18||114||4||4.5||4,675|
*Or Withdrawn/Expired Date
Current List=Current List price for active homes
DOM=Days on Market
Date Sold= Date of Closing by Realtor
ALL DATA AS REPORTED BY MIBOR
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- 2018 has been the third consecutive year of a strong real estate market. With numerous economic and political issues in play, the probability of this continuing for the fourth year starts to decrease.
- Interest rates are rising to still traditionally favorable levels. While decreasing purchasing power for some, banks are again offering enticing financing programs for higher qualified buyers.
- Prices in Cheswick continue to be spread across a widening spectrum. Acknowledging differences in homes, settings, and seller motivations, we don’t see much validity in the justifications for the price variations.
- While of interest for any number of reasons, the prime uses of the data are planning for the future, and keeping the neighborhood informed – encouraging the realization that the neighborhood and homes are likely more valuable than some homeowners may be led to believe. So in the spirit of “the best results are those that are properly planned” it is not too early to be thinking about 2019.
If you would like to have a more thorough discussion or review of home values; yours, the neighborhood’s or the surrounding neighborhoods, please contact Julie or me. As brokers, builders, and land developers here in Carmel (and Cheswick specifically) over the past twenty-plus years we bring a more insightful perspective for our clients. While it is our business, it is also our passion and as your neighbor, it is personal on several levels; we want you to understand the full value of your home to maximize the values of all our homes.
To a great end of 2018,
David Morton Julie Morton
Broker / Owner Managing Broker / Owner
Carmel Homes Realty Carmel Homes Realty