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 REAL ESTATE MARKET REPORT FOR SEPTEMBER - HOMES
There were 70 single family homes that closed in September. The listing inventory is down almost 15% from last month - see August Market Report. Don't forget, the clock is ticking for the first time buyer tax credit.
Saint Clair Shores Real Estate Market Report ~ July,2009
Saint Clair Shores Real Estate Market Report ~ June,2009
September Statistics
- There were 70 home sales that closed in September
- The average list price was $70,447
- The highest list price was $229,000 & the lowest was $9,900
- The average sale price of those 70 transactions was $67,221
- The average current days on the market was 57
- The average total days on the market was 189
- Number of canal front homes closed 4
- Number of lake front homes closed 0
- Number of bank owned homes closed 37
Selling Price # of homes
- under $50k - 25
- $50k - $100k - 35
- $100k - $150k - 5
- $151k - $200k - 5
- $200k - $300k - 0
- $400k - $500k - 0
- $500k - $600k - 0
ST. CLAIR SHORES MARKET REPORT FOR SEPTEMBER - CONDOMINIUMS
- There were 7 condos that closed in September!
- Average list price of those 7 condos was $71,600
- The average sale price of those 7 closed condos was $64,112
- Average current days on the market 115
The buyers market continues, which makes it a great time to purchase a home or condo in St. Clair Shores. As of October 5th, there are currently 367 single family homes for sale ranging in price from as low as $17,000 investor specials to lake front homes just over 1 million. Of those homes on the market 09% or 34 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/
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