Cheslea House Condo's Swinging

Posted by Noah Rosenblatt on June 15, 2006 at 7.41 AM

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A: What is going on at The Chelsea House Condo's where some units asking price are rising, while others are dropping based on initial prices entered into one system I use? Confusing, yes! Is this a computer glitch, a mis-entered listing, or a price update from the developer? You make the call.

Here is what I see in the CHANGE REPORT I just ran for this new development:

APT 3C

11/13/2005 - $1,340,000
11/30/2005 - $1,390,000
6/13/2006 - $1,318,000

APT 3D

11/13/2005 - $1,526,000
6/13/2006 - $1,425,000

APT 4B

11/13/2005 - $1,368,000
1/26/2006 - $1,302,000
6/13/2006 - $1,325,000

APT 5A

11/13/2005 - $2,023,000
1/26/2006 - $1,866,000
6/13/2006 - $1,595,000

APT 5D

11/13/2005 - $1,579,000
1/26/2006 - $1,419,000
6/13/2006 - $1,550,000

APT 7E

11/13/2005 - $2,122,000
2/4/2006 - $1,853,000
4/4/2006 - $1,725,000

Just to list a few! Obviously new listings were originally entered into this system on 11/13/2005, with an update on a couple in January. But what's with the update yesterday?

Now, here is the building listing from another system I use showing all the CURRENT ACTIVES and their asking prices. Things that make you go hmmmmmmm. This system lists NO price changes for most and looks as if these units were only first entered into the system 6 days ago.

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