Chesterfield Township home sales in April 2008

What an exciting month April was for Chesterfield Township single family & condo sales!

30 single family homes sold in April, compared with 26 homes in March. I had a feeling
that along with the better weather and buyers feeling a bit more confidence in the mortgage
market that we would see a strong month.

Surprisingly, 18 condos sold in Chesterfield Township in April, which is up substantially
from March which only had 6 condos sold! This is certainly great news for those condo owners
who have been working hard and waiting patiently for their homes to sell.

The total time on the market for the homes and condos was higher in the month of
April, but I believe that number is a bit skewed because of one or two homes and condos
being on the market considerably longer than the rest of them. Next month should bring
a balance back to those figures as we have been seeing a reversing trend recently in the
time it takes to sell a home in Chesterfield.

Personal observations:

Home buyers are back out in droves seeking the good deals and taking advantage
of the low interest rates.

More homes and condos are being purchased using FHA & VA mortgages then we've
seen in years.

We are seeing many more multiple offer situations with well priced homes. Hint to
buyers: If you like it, don't wait to make an offer!

One more nice observation: Of the 30 residential homes that sold in April, 13 of them
were foreclosures. Not only are the bank owned homes selling and leaving the market,
but privately owned homes are being sold in a greater margin than the bank owned homes.

If you would like to view any of the homes that are currently for sale in Chesterfield Township
please don't hesitate to contact me. I would be happy to give you a tour of our area, and
work with you as a partner for your real estate needs.

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