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 MAY - HOMES 

There were 61 single family homes that closed in May up from 55 in April. 40 of the 61 sales were bank owned homes. That's 65%, April saw 60% bank owned sales and March was a whopping 77%

                                                                                                                                                                              MAY Statistics                                     

• There were 61 home sales that closed in May
• The average list price was $71,769
• The highest list price was $169,900 & the lowest was $19,900
• The average sale price of those 61 transactions was $63,854 down from $72,995 in April.
• The average current days on the market was 91
• The average total days on the market was 230
• Number of canal front homes closed 4
• Number of lake front homes closed 0

        Selling Price       # of homes

• under $50k    - 26
• $50k - $100k - 25
• $100k - $150k - 9
• $151k - $200k - 1
• $200k - $300k - 0
• $400k - $500k - 0
• $500k - $600k - 0

        ST. CLAIR SHORES MARKET REPORT FOR MAY - CONDOMINIUMS 

• There were 7 condos that closed in May.
• Average list price of those 6 condos was $65,729
• The average sale price of those 7 closed condos was $56,514
• Average current days on the market 125
• Average total days on the market 284

The buyers market continues, which makes it a great time to purchase a home or condo in St. Clair Shores. As of June 4th, there are currently 481 single family homes for sale ranging in price from as low as $12,500 investor specials to lake front homes over 1 million. Of those homes on the market 11% or 55 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.