March average sold price down in Chelsea MI real estate market by www.KathyToth.com
By Kathy Toth, Ann Arbor Real Estate Experts - Kathy Toth Team
(Ann Arbor Market Center Keller Williams)
The Chelsea Real Estate market has 164 homes for sale ranging in price from $1,125,000 to $40,000. According to the Ann Arbor Board of REALTORS® Chelsea prices declined from $240,863 in 08 to $139,750 in 09. The highest list price was $489,000 and sold price of $460,000 with corresponding 13 days on market. We sold short sale 611 Creekside for $150,000. The 7 homes sold in March and all sold data for 2009 is reported below: Real Estate Sold in Chelsea MI Update The 2 year trend line below indicates sales prices are declining. There is downward pressure from the attractive prices of foreclosures and short sales. According to National Association of Realtors 45 percent of solds are distressed sales. Based on the amount of local inventory that is being put on the market which happens seas...