In October 2011, 2 homes sold in Chaplin Estates, at an average price of $1,250,000. On average these properties took 7 days to sell and sold at 104% of their listing price. A total of $2,500,000 worth of real estate changed hands on the MLS system in October.
All signs point to a seller’s market in Chaplin Estates. Average selling price is up 3% over this same time last year and homes are selling at 104% of their asking price. Now is a good time to sell in Chaplin Estates.
These numbers support the anecdotal evidence from our salespeople that Chaplin Estates still faces a lack of supply, not demand. When submitting offers on Chaplin Estates properties, buyers have been facing multiple offer scenarios left, right, and centre. There are just not enough properties available.
Provided below are some overview charts of the market activity in Chaplin Estates since Dec 2009. If you would like to download a report that outlines all of the details (including sold price) of the homes that sold in Chaplin Estates in October 2011 click here: Chaplin Estates Real Estate Market Report October 2011 Donwload.