Since February of 2013, there were 45 homes that were sold in Chateau Elan and they were sold at a range of $244,500 to $1,999,000. The average list price of these homes sold was $663,871 and the median list price was $629,000.
Overall we see Chateau Elan continuing the “upward trend” with some of the homes on the upper end (really ultra luxury real estate) moving the least in terms of price. The pressure from new construction, new builds and other neighborhoods will keep the upper tier in line. However, this year many buyers are finally comfortable making a move and overall we see Chateau Elan’s “floor” price rising.
Chateau Elan routinely outsells every other community and is only rivaled by mega-neighborhoods such as Hamilton Mill.