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 APRIL - HOMES
There were 55 single family homes that closed in April up from 48 in March. 33 of the 55 sales were bank owned home. That's 60%, which while still a high number, but it's lower than March where 77% of the sales were bank owned.
Positive signs - The other good news is there were 10 homes that sold for between $100k and $200k and 1 for over $200k. Compared to March where there was only 1 home that sold for over $100k.
April Statistics
- There were 55 home sales that closed in April
- The average list price was $81,532
- The highest list price was $289,000 & the lowest was $14,000
- The average sale price of those 58 transactions was $72,995 up from $55,042 in March.
- The average current days on the market was 96
- The average total days on the market was 231
- Number of canal front homes closed 3
- Number of lake front homes closed 1
Selling Price # of homes
- under $50k - 21
- $50k - $100k - 23
- $100k - $150k - 6
- $150k - $200k - 4
- $200k - $300k - 1
- $400k - $500k - 0
- $500k - $600k - 0
ST. CLAIR SHORES MARKET REPORT FOR APRIL - CONDOMINIUMS
- There were 6 condos that closed in April.
- Average list price of those 6 condos was $50,600
- The average sale price of those 6 closed condos was $46,283
- Average current days on the market 56
- Average total days on the market 203
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 May 5th, there are currently 483 single family homes for sale ranging in price from as low as $18,000 investor specials to waterfront homes just over 1 million. Of those homes on the market 15% or 74 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
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.
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