Real estate market conditions change season to season and even month to month. Each month I'll provide you with some current market data, focused on a specific neighborhood and property type.
Prices:
If you are considering buying or selling a 1-2 bedroom condo in Chelsea, you should know that 1-2 bedroom condos are listed at:
*$1295/Average Price Per Sq. Ft
*$1,544,606/Average Listing Price
Current Inventory:
*There are 113 properties in chelsea in current inventory. (This includes 1-bed, conv. 2, junior 2, 1+home office, 1+dining room, 1+nursery, and 2-bed layouts)
*About 7 new properties come available each week
*New listings increased by 44% between February and March
Market Activity:
For 1-2 bedroom condos in Chelsea,
*Market activity remained stable (contracts, closings) from February to March 2011
*15 Contracts Signed
*11 Properties Sold
If you'd like to know more about what this market data means for you, please contact me at rebekah@tmrp.com.
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