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Macomb County MI real estate blog

Sold homes in Chesterfield Township – August 2012

September 4th, 2012 · 1 Comment · chesterfield township, macomb county mi real estate market

It was another busy month for home sales in Chesterfield Township!   A total of 41 homes sold! (I did not include leases/ rentals in this market report).

One part of the data that I also did not include is “days on market”.  I find that because of short sales, and the amount of time they take to go fully “pending”, that the data can be misleading.   Example:  A home may be on the market less than a week before it gets an offer.  A privately owned home with no short sale needed would show fully “pending” in our MLS data after the home inspection period is finished.  A privately owned home that needs short sale approval may not show “pending” until after that lien holder approval is completed.    When we (real estate agents) see an average of 70 days on the market we know that it is quite the mix of “5 days on the market homes” and “180 days on the market – short sales – homes”

Note worthy:   A home that is priced well and in good condition in Chesterfield Township will typically receive multiple offers within one week on the market.   Buyers agents (and their clients!) are seeing this over and over and over again this summer, and we fully expect it to continue the rest of the year.

Below is a chart that show the number of homes sold in the various price ranges in Chesterfield Township:


Most of the homes sold (19) fell in to the $155,001 to $205,000 price range, followed closely by the $105,001 to $155,000 price range (13 homes sold).

Between $255,001 and $555,000 there weren’t any homes sold.  However, there was 1 home that sold above the $555,000 price mark:     49589 Keycove in the Lottivue subdivision sold on August 25th for $575,000.

If you would like to know the current market value of your Chesterfield Township home, please don’t hesitate to contact me.  No pressure – just friendly chat.

Kris Wales – A partner for your real estate needs in Macomb County MI
SEARCH Macomb County MI homes for sale
Contact Kris – (586) 5365453 cell

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