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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 an
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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