Currently there are 160 homes for sale ranging in price from $1,125,000 to $40,000. There are 10 homes listed over $500,000 for the luxury Chelsea Real Estate market, up from 9 last month. On the other end there are 4 homes listed under $100,000. For any information on these active homes, be sure to ask us.
The Average sold price in Chelsea declined last month. Chelsea sold homes data is as follows:
Month Units Ave Sold Price Ave Price/SqFt DOM*
Jan 108 $130,875 $73.83 45
Feb 8 $177,688 $83.19 19
Mar 7 $185,512 $90.11 88
April 8 $137,375 $87.58 45
The average list price to sale price for April was 86.33 percent without concessions. Total concessions for this month were $18,000. The median sold price for April was $124,000.
When the gap between the list prices and the sold prices narrows, (supply and demand) 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. The $8,000 first time home buyer tax credit is allowing more buyers to enter in the market. We are seeing multiple offers on properties.
Regarding absorption, see chart below:
| JAN | FEB |
MAR |
APRIL |
|
|
|
|
|
Chelsea |
|
|
|
||
|
Listings |
173 | 115 |
148 |
161 |
|
|
|
Under Contract |
7 |
5 |
8 |
14 |
|
|
|
Sales Past 12 Months |
171 |
123 |
110 |
99 |
||
|
Absorption Rate/Sales/12Mo |
14.25 |
10.25 |
9.17 |
8.25 |
||
|
Months Supply #List/Absorp |
12.21 |
11.22 |
16.15 |
19.52 |
We have gone from one year supply of homes in Jan 09' to over 1.5 years of supply. If no other homes came on the market, it would take 19.52 months to sell all of the homes; this is the current absorption rate. Compare this to an absorption rate of 9.8 months in Ann Arbor, MI.
For more information on what is happening with homes for sale or sold in Chelsea, please call us 734-426-6669.
*Days on market may be understated because it starts at day zero when it is listed as a new listing with new agent. The Ann Arbor Board Sales price does not consider concessions.
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Kathy Toth and Team
Keller Williams Realty
Dexter Library is a captivating oasis to curl up with a book or research material on computers. The Dexter Library schedule is updated monthly. We were there there for the May 2nd used book sale. We were there at the fire that burned down the old structures before construction started (pictured below). Many people deserve thanks for this wonderful jewel. Paul McCann, Library Director, has worked very hard and Current Board Members deserve thanks:
Be sure to read the Dexter library newsletter (you can access it by clicking here) to remain current on what is going on at the Lirbary. Make sure to visit soon, you will be delighted as it is such a wonderful community resource. Hopefully we resume classes on various topics like Staging Your Home, How to Select a REALTOR, Home Buying Mistakes, etc. If you are unsure where the Library is, please click here for the location of the Library in Google Maps.
Subscribe to our RSS feed to keep up to date on our local real estate news in from our Ann Arbor Real Estate Experts in Ann Arbor, Michigan. Or follow us on Twitter for more regular updates.
Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.
Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
315 2nd Street #407, Ann Arbor
Bedrooms: 1
Bathrooms: 1.1
Square Feet: 970
SUBJECT TO BANK APPROVAL OF SHORT SALE. EXCITING DOWNTOWN LIFESTYLE, CHIC POPULAR LOFT LIGHT. AIRY WITH SPECTACULAR VIEW OVERLOOKING DOWNTOWN ANN ARBOR, EXPOSED DUCT WORK, HARDWOOD FLOORS, GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, AND BAMBOO. ANN ARBOR REAL ESTATE CONDO ALSO INCLUDES FIREPLACE AND TWO PARKING SITES. WALK TO SHOPPING, RESTAURANTS OR DINE IN. FEES INCLUDE STORAGE LOCKERS, FITNESS CENTER, HEAT, BIKE STORAGE, RESERVED OUTSIDE PARKING.
Related Links
See Extra Photos and a Virtual Tour for 315 2nd Street #407
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Additional Ann Arbor Listings
3096 W. Huron River Drive
237 Fieldcrest
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homes and condos with pictures and tours - FREE!
Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
130 Glendale, Ann Arbor
Bedrooms: 3
Bathrooms: 1.1
Square Feet: 1,427
ANN ARBOR REAL ESTATE IS LOVINGLY UPDATED. COLONIAL WITHIN WALKING DISTANCE TO DOWNTOWN AND PLUM MARKET. THIS HOME OFFERS UNIQUE FEATURES FOR THIS NEIGHBORHOOD WHICH INCLUDES A 2.5 CAR ATTACHED GARAGE AND LARGE BEDROOMS. NEWLY REMODELED BATHROOM BOASTS A CERAMIC TILED SHOWER, HEATED TILE FLOOR WITH PROGRAMABLE THERMOSTAT. GORGEOUS HARDWOOD FLOORS, NEW WINDOW TREATMENTS, NEW LIGHT FIXTURES, NEW PAINT INSIDE AND OUTSIDE! INVITING CHARM IN THE DININGROOM , KITCHEN IS STOCKED WITH NEW APPLIANCES AND THE LIVINGROOM IS SPACIOUS. FINISHED BASEMENT WITH DRY-BAR. Call Ann Arbor Real Estate Experts.
Related Links
See Extra Photos and a Virtual Tour for 130 Glendale
Visit our website for an in-depth property detail page
Looking for more Listings in Ann Arbor, Michigan?
Please visit our website for a complimentary MLS search
Additional Ann Arbor Listings
573 Liberty Pointe Drive
237 Fieldcrest
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homes and condos with pictures and tours - FREE!
Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
Here in Ann Arbor, Michigan, it is that time of year again. Budget time.
Roger Fraser, City Administrator for Ann Arbor, presents a proposed budget in May, consisting of a two year plan to the City Council to adopt by the third Monday in May 2009. There is a tax revenue decline from Ann Arbor Real Estate property taxes so there is a negative effect on the budget. The proposed budget would likely reduce staffing would likely be reduced - including some police and civilian roles.
Seventy five percent of employees are represented by collective bargaining. Positions and health care reductions are being examined to achieve 10 percent savings over two years as presented in video below.
If you are having difficulty viewing the video you can see it by clicking here.
Services will be affected while all parties will try to maintain protection for the citizens. The impact on parks will include less frequent grass cutting an maintenance. Street sweeping, and maintenance of gravel roads will be reduced. The budget proposed that Leslie Science Center will not be supported by the City. Burns Park Senior Center will be not be funded in the budget as well. The budget changes will ensure that the City will function and continue to operate.
Subscribe to our RSS feed to keep up to date on our local real estate news in from our Ann Arbor Real Estate Experts in Ann Arbor, Michigan. Or follow us on Twitter for more regular updates.
Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs.
Kathy Toth and Team
www.KathyToth.com
Keller Williams Realty
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We service all of Washtenaw County, including Ann Arbor, Dexter, Chelsea, Saline, Ypsilanti Michigan, providing white glove service with passion and compassion. From its ever-thriving summer Art Fair to its venerable Film Festival, Ann Arbor consistently tops national quality of life surveys --Forbes, Money/CNN, Sperlings, the list goes on and on. Its school system is first rate, green spaces dominate the landscape and nearly 70% of the population holds a college degree. This small but mighty city is Michigan's leader in innovation.
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