Exhibit II-15
ACTIVELY SELLING RESIDENTIAL COMMUNITIES
CHESAPEAKE, VA
FEBRUARY 2014
PICTURE
TYPE
MIN -
MAX
AVG.
MIN - MAX AVG.
MIN - MAX AVG.
OTHER
COMMUNITY/
BUILDER/
ADDRESS
MAP
KEY
BASE SALES PRICE
BASE HOME SIZE (SF)
$/SF
TOTAL
HOMES
PLANNED
YEAR
SALES
BEGAN
TOTAL
SALES
ANNUAL
ABSORP.
Closings Closings
M1
Culpepper Landing
Robinson Dev. Group
MPC
2007 740
293
104
Culpepper Legacy Series
ABT Cust. & Vintage Homes
SFD
$294,525 - $510,380 $402,453 1,785 - 3,380 1,785 $165 - $151 $225
Culpepper Heritage Series
HH Hunt
SFD
$281,990 - $298,990 $290,490 1,943 - 2,406 1,943 $145 - $124 $150
Culpepper The Grove
Ryan Homes
SFD
21
$298,000 - $358,000 $328,000 2,112 - 3,220 2,112 $141 - $111 $155
ABT Custom Homes
Row Homes
25
$201,960 - $265,344 $233,652 1,496 - 2,073 1,496 $135 - $128 $156
Kotarides Builders
Villas
22
$174,524 - $174,524 $174,524 1,471 - 1471 1,471 $119 - $119 $119
N/a The Riverfront at Harbour View
East West Communities
MPC
2011 767
657
7
Harbour View Linkside Cove
4 plex
2004 124
124 Resales
$225,000 - $300,000 $262,500 2,164 - 2,583 2,164 $104 - $116 $121
Harbour View The Gables
Terry Peterson
SFD & Attached 2011
43
$262,000 - $518,475 $390,238 1,822 - 3,345 1,822 $144 - $155 $214
Harbor View Neighborhoods
Multiple Custom Bldrs
SFD
2005 600
533
7
$474,900 - $750,000 $612,450 3,166 - 4000 3,166 $150 - $188 $193
Lots - $215K-$715K
SOURCE: Individual Project Websites; Broker interviews; CREED
Exhibit II-15
E4-11982.40
Printed: 3/27/2014
Page 3 of 3
CITY OF CHESAPEAKE
