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First time buyers must be out in force in Chesterfield Township

August 4th, 2008 · 1 Comment · chesterfield township, macomb county MI, macomb county mi real estate market

At the beginning of each month I get excited about looking at our multilist stats for home & condo sales for the previous month.

In Chesterfield Township it surely appears that first time home buyers were out in droves during July (2008) as most of the home & condo sales prices were in what I term “first time home buyer ranges”.

28 homes sold in Chesterfield Township during July, with the lowest priced home sold at $70,000 and the highest priced home at $128,450. It wasn’t that long ago that if I had a buyer looking in Chesterfield Township we couldn’t find anything for sale with 3 bedrooms and a garage for under $150,000. This is simply amazing to me, and I am out and about daily in this market. I can only imagine how exciting it must be for home buyers who only dreamed before of owning in Chesterfield and were put off by the high prices.

For example: This ranch home with anHome sold in Chesterfield Township MI during July 2008
attached garage in the Briartowne Subdivision sold for $127,500 with the seller paying $3825 in concessions to the buyer.

This is just an awesome purchase for the lucky home owner.

I do feel sorry for the sellers though. None of us could have foreseen the way home prices would plunge in Chesterfield over the last few years. We were due for a market correction, but this decline in home values is simply unbelievable.

~Kris Wales~

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.