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what are th emarket conditions in Chelsea , MA?

Sun Mar 16 2008, 13:38 - Chelsea - Market Conditions - 4 answers
 
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Carlos Cab...
Home Buyer
in 8108 Rancho ...
Carlos Cab..., Home Buyer in 8108 Rancho ... in 8108 Rancho ...
Answers (4)
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Melissa Manc… was FIRST TO ANSWER
Thanks for your kind and expert reply. Yes, I live in Dallas but will be moving to Boston. I have been looking several properties and as you can see im doing my research of certain areas. I find this website and most important all of you experts in the field very helpful for somebody in my situation.
Once again I really appreciate it !

Sun Mar 16 2008, 14:20
 
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PS. if anyone is looking for an investment property in chelsea i just came across this ... looks interesting:
http://www.territoryre.com/MF_Property.php?LIST_NO=70700820

Sun Mar 16 2008, 14:04
Web Reference: http://www.territoryre.com
 
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In the last 6 months 67 properties have sold (multi families, single families and condo). The average days on market are 147. The sale price to original price is 83%, which means places are selling for 17% off the original asking - quite drastic. Most properties are selling in the $150,000-250,000 range.
The number of properties on the market (multi families, single families and condo) right now are 283, based on the latest absorption rate (above) that means there is approximately 2 years worth of inventory on the market.

Sun Mar 16 2008, 13:54
Web Reference: http://www.territoryre.com
 
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FIRST ANSWER
Hi Carlos,

Just curious....I noticed you are in TX, but post questions about MA....are you planning to relocate?

Sun Mar 16 2008, 13:48
 
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