Chelsea Real Estate Market Update from Kathy Toth and Team

Currently there are 147 homes for sale ranging in price from $1,250,000 to $40,000. There are 10 homes listed over $500,000 for the luxury Dexter Real Estate market. On the other end there are 6 homes listed under $100,000. For any information on these active homes, be sure to ask us.

The Chelsea sold homes data is as follows:

#Sold     Ave Sold Price     Ave Price/SqFt     DOM*
Jan 10     $130,874                $77.16                 45
Feb 7      $124,367                $87.66                 19

Per the Ann Arbor Board of REALTORS ® the average list price in Jan 08 was $270,803 compared to $235,079 in 2009. When the gap between the list prices and the sold prices narrows, the market will be more stable. Our buyer agents have several Chelsea homes under contract, awaiting closing. We have several more buyers looking for Chelsea homes right now. We are looking for a bank approval for short sale on 611 Creekside Ct Chelsea, MI 48118.

Chelsea, MI short sale
611 Creekside Ct
Chelsea, MI Short Sale

For more information on what is happening with homes for sale or sold in Chelsea, please stop into our office at 3134 Baker Rd . Dexter, MI 48130 or call us 734-426-6669.

*Days on market may be understated because figures are only for that current listing. If the property was taken off the market and the re-listed, the count starts at zero days and the total days on the property may not reflect cumulative time on market.

Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty