ST. CLAIR SHORES REAL ESTATE MARKET REPORT - JULY 2008
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.
The summer selling season continues! I'm happy to report that 63 homes closed in July up from 56 in June. That's a 12% increase from June. There were 54 closings in May and 52 in April.
ST. CLAIR SHORES MARKET REPORT FOR JULY - HOMES
- There were 63 home sales that closed in July
- The average list price was $124,893
- The highest list price was $499,900 & the lowest was $24,900
- The average sale price of those 54 transactions was $116,130
- The average total days on the market was 198
- 49 homes went under contract and are marked pending for the month of July.
Of those 63 closed transactions, 27 were bank owned, 4 were canal front, 1 was lakefront and 1 was new construction!
Homes are selling in St. Clair Shores!
ST. CLAIR SHORES MARKET REPORT FOR JULY - CONDOMINIUMS
- I am happy to report that there were 11 condos that closed in July
- The average list price was $68,309
- The highest list price was $162,900 & the lowest was $19,900
- The average sale price was $63,854
- The average total days on the market was 99
- There were 6 more condos that went pending in July
There were 5 condos priced under $50k driving the codo sale stats down for the month overall.
This current buyers market makes it a great time to purchase a home or condo in St. Clair Shores. As of August 4th, there are currently 687 single family homes for sale ranging in price from as low as $25,000 investor specials to waterfront homes well over $1 million. 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 still low and there are some great FHA loans for those that want to put little or nothing down.
For more info on the St. Clair Shores Real Estate market, contact Mike Mitchell,REALTOR ®
PRICES HAVE NOT BEEN THIS LOW IN YEARS, IT IS A GREAT TIME TO BUY A HOUSE!
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 1,000s of homes.
Mike Mitchell - REALTOR ®
GMAC The Kee Group
Direct: (586)291-2652
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