Detroit Real Estate Market Sees Record-Breaking Sales with $17.8 Million Home Transaction

Detroit’s Real Estate Scene: Shocking Sales from Last Week!

Hey there, Detroit! Have you heard the latest buzz in the real estate world? Last week was nothing short of exciting, as Wayne County saw some jaw-dropping property sales! Picture this: a stunning house selling for a whopping $17.8 million, claiming the title of the most expensive residential sale for the week. That’s right, million-dollar homes are making headlines in our vibrant city!

A Peek at the Numbers

So, what’s the scoop on the overall real estate market in Wayne County? Well, it looks like 390 residential sales happened, with an average sale price hovering around $248,751. Not too shabby, right? And if you want to dive even deeper, the average price per square foot stood at around $167. Quite a mix of properties changing hands, wouldn’t you agree?

Top Sales of the Week

Let’s get into the specifics of some homes that found new owners. First on the radar is the impressive townhouse located at 4310 Fourth Street in Detroit. This beauty was built in 1979 and boasts a jaw-dropping 40,819 square feet of living space! Can you believe it? The price tag? A stunning $17,800,000, translating to about $436 per square foot. Talk about a high-stakes investment!

Next up, we have a lovely home at 615 S. Harvey Street in Plymouth, which sold for $1,250,000. Built in 2007, this house features 3,603 square feet of cozy living space, priced at a respectable $347 per square foot. Plenty of space for family gatherings and those cozy nights in!

How about a classic? 220 Lewiston Road in Grosse Pointe Farms is another noteworthy sale, finalized at $1,100,000. This time-honored residence from 1926 has a sprawling 3,976 square feet, breaking down to around $277 per square foot. It perfectly blends charm with modern living!

Spotlighting Other Noteworthy Sales

Don’t think we’ve overlooked other amazing properties! The 540 Lincoln Road house in Grosse Pointe sold for $975,000 and features a generous 3,030 square feet of living space. Constructed back in 1928, this home manages to bridge the gap between history and style with an enticing $322 per square foot.

Meanwhile, located in the lovely Belleville area, a family residence at 46465 Willis Road switched owners for $930,000. Designed in 1946, this spacious home offers an astonishing 9,523 square feet of space, going for just $98 per square foot! Birthdays and holidays will surely be grand here!

New Beginnings for Condominiums!

Let’s not leave out the condo scene! A fabulous condominium at 2441 Blackwood in Canton sold for $775,000. With a chic 3,167 square feet and built in 2018, it equals a trendy $245 per square foot—perfect for young professionals or families looking for a modern twist!

Final Thoughts

Wow, what a week it has been in the Detroit real estate market! From luxury sales in the city to classic homes in the suburbs, it’s clear that home buyers are feeling optimistic. With a variety of homes changing hands and a mix of styles and prices, there’s never been a better time to keep an eye on this vibrant market. Who knows what next week will bring?

Author: HERE Novi