If you would like to know what your St. Clair Shores home is worth in today's market, give me a call to schedule an appointment for a free market analysis (cma). No pressure, no obligation

  ST. CLAIR SHORES MARKET REPORT FOR MARCH - HOMES 

There were 48 single family homes that closed in March up from 37 in February. Bank owned foreclosures continue to drive house values down. 37 of the 48 homes that closed in March were bank owned. That's aproximately 77%

                                                                                                                                                                              March Statistics                                     

• There were 48 home sales that closed in March
• The average list price was $62,960
• The highest list price was $179,900 & the lowest was $19,400
• The average sale price of those 48 transactions was $55,042 
• The average current days on the market was 64
• The average total days on the market was 203
• Number of canal front homes closed 1
• Number of lake front homes closed 0

        Selling Price       # of homes

• under $50k    - 25
• $50k - $100k - 22
• $100k - $150k - 0
• $150k - $200k - 1 
• $200k - $300k - 0
• $400k - $500k - 0
• $500k - $600k - 0

        ST. CLAIR SHORES MARKET REPORT FOR MARCH - CONDOMINIUMS 

• There were 6 condos that closed in March.
• Average list price of those 6 condos was $47,442
• Highest list price $109,900
• Lowes list price $19,900
• The average sale price of those 6 closed condos was $39,333
• Average current days on the market 185
• Average total days on the market 279

One things for sure, this current buyers market makes it a great time to purchase a home or condo in St. Clair Shores. As of April 5th, there are currently 504 single family homes for sale ranging in price from as low as $15,000 investor specials to waterfront homes just under 1 million. Of those homes on the market 18% or 91 of them are bank owned. There are many homes to choose from, no matter what your price range, now is the time to take advantage of this market, prices will not remain this low forever.

Interest rates are at record lows and there are some great FHA loans available for those that need a lower down payment. In addition there is a 2009 tax credit up to $8,000 for First Time Buyers!

For more info on the St. Clair Shores Real Estate market, contact  Mike Mitchell,REALTOR ®

 If you'd like to start looking for homes and take advantage of this buyers market in S.E. Michigan sign up for a free Listingbook account and search the mls on your own personal website! Absolutely FREE!

 Mike Mitchell - REALTOR ®                                                                 
 GMAC The Kee Group
 Direct: (586)291-2652

 http://www.mmhomesearch.com/

Information deemed to be reliable but not guaranteed. Information taken from MiRealSource multiple listing service. Above sales were sold by agents and/or brokers. These statistics do not include for sale by owners. Selling prices did not include any sellers concessions. Rental properties were not included in stats.