If you're referring to short-sales and foreclosures/bank-owned properties in that community, they're selling for below what a traditional resale would sell for. But that's the norm when it comes to short-sales and foreclosures. So technically, those short-sales and foreclosures are selling for market value based on the condition and type of transaction it is.
If you are unfamiliar with short-sales and foreclosures, I would be happy to explain the differences and nuances of each type of transaction to you in detail.
United Real Estate
I assume you are referring to the recent contract for sale of 46606 DRYSDALE TER #301. This is a short sale and was listed at $185K. This price is well below recent sales like 46600 Ellicott Sq #201 which sold for $265K in June 2013. Short sales generally sell below market value and the sale price must be approved by the bank. We will not know the actual sale price of the Drysdale Ter unit until the contract closes.