Home prices in Steeplechase, Palm Beach Gardens premiere estate community are on the rise now that short sales and foreclosures in the community are gone from the market.
From January through mid-November 2013 there were 17 homes sold in Steeplechase, including four distressed sales, that averaged $195 per square foot. That is an increase of six percent over 2012 sales. But eliminating the distressed properties reflects an even better picture.
Non distressed homes under 4000 square feet averaged $195 per square foot, an increase of 15 percent from 2012. And non distresses homes over 4000 square feet averaged $281 per square foot, an increase of 28 percent from 2012.
Steeplechase is known as the premiere estate community of Palm Beach Gardens with each of its 324 homes sitting on lots of about one acres or more. The neighborhood is strictly residential without golf. tennis or other community recreational facilities. Most homes have swimming pools and some have their own tennis court or putting green. An acre of land provides unique opportunities for family recreational facilities, gardens, landscaping or other outdoor activities.
Located in the hear of Palm Beach Gardens, Steeplechase is convenient to shopping, major roadways, cultural facilities, schools and restaurants. In mid-November there were 15 homes on the market in Steeplechase ranging from a four bedroom, three bath 3199 square foot home listed at $537,000 up to $2,995,000 for a six bedroom, five bath 6200 square foot mansion.
Carol Clawson is a resident expert in Steeplechase homes. If you are interested in buying or selling a home in Steeplechase or in any other Palm Beach Gardens community, please contact me directly. And please check out my website, www.palmbeachcountyhomes.com, where you can look for homes throughout south Florida. I look forward to hearing from you.
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