he Metro Detroit housing market offers a unique opportunity for residential home buyers. The Detroit market bottomed out in 2008 to 2009. Since then, prices have steadily risen. However, despite the recent upward trend, prices remain at a historic low. How long they remain at these low prices is anyone’s guess. What is clear is that families moving to the Southfield area can get a larger home for less money than almost any Orthodox community in the United States.
Within the Young Israel of Southfield community, there are various price ranges and different home types. Prospective buyers can purchase anything from small, three bedroom ranches to marvelous mansions, all at unbeatable prices and within walking distance to the synagogue.
Detailed below are a few homes sold near the Young Israel of Southfield in the past year or so. Opportunities for similar deals currently exist.
Example: 22405 Chatsford Circuit Street, Southfield, MI 48034
Sold: $190,000 in November 2011.
Square Feet: 3100.
Garage: 2 car.
Basement: Fully finished, with an additional bathroom and bedroom.
Exterior: All brick.
Heating / Cooling: 2 new HVAC / AC units installed in 2008; dual zone.
Proximity to synagogue: About 5 minute walk from YIS. Located west of Lahser on a quiet street that counts among its residents many other YIS members.
Example: 22570 Shevington Drive, Southfield, MI 48034
Example: 21560 Constitution St; Southfield, MI 48076
Contact the shul for more information, or for a real estate agent referral.