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 JANUARY - HOMES 

There were 36 single family homes that closed in January, down from Decembers 43. The one stat that really stands out from January sales is that 29 of the 36 closings or 80% were bank owned homes. That is an extremely high number, and that also means that only 7 private owned homes closed last month. December seen 55% of the sales bank owned, November had 36% and October was at 45%. This is not the stat that many homeowners trying to sell their home want to hear, let's hope there's an improvement in February.

• There were 36 home sales that closed in January
• The average list price was $97,445
• The highest list price was $539,900 & the lowest was $14,900
• The average sale price of those 43 transactions was $90,879
• The average current days on the market was 73
• The average total days on the market was 226
• Number of canal front homes closed 0
• Number of lake front homes closed 2

        Selling Price       # of homes

• under $50k    - 12
• $50k - $100k  - 17
• $100k - $150k - 4
• $200k - $300k - 1
• $400k - $500k - 1
• $500k - $600k - 1

          ST. CLAIR SHORES MARKET REPORT FOR JANUARY - CONDOMINIUMS 

• There were only 4 condos that closed in January
• The average list price was $32,175
• The highest list price was $49,900 & the lowest was $13,000
• The average sale price was $30,000
• The average total days on the market was 279

The median numbers were down for condo sales compared to previous months as there were no high end condo listings sold.

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 February 3rd, there are currently 537 single family homes for sale ranging in price from as low as $17,000 investor specials to waterfront homes just under 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 low and there are some great FHA loans available for those that need a lower down payment.

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.