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 FEBRUARY - HOMES 

There were 37 single family homes that closed in February, in December we saw 43 closings and 36 in January. Last month 29 of the 36 January closings or 80% were bank owned homes. Februarys stats were slightly better, only 23 of the 37 homes sold, aproximately 62% were bank owned. The number of bank owned homes continue to drive values down.

• There were 37 home sales that closed in February
• The average list price was $80,954
• The highest list price was $197,900 & the lowest was $15,400
• The average sale price of those 37 transactions was $72,931  
• The average current days on the market was 76
• The average total days on the market was 141
• Number of canal front homes closed 0
• Number of lake front homes closed 0

        Selling Price       # of homes

• under $50k    - 13
• $50k - $100k - 14
• $100k - $150k - 8
• $150k - $200k - 2 
• $200k - $300k - 0
• $400k - $500k - 0
• $500k - $600k - 0

          ST. CLAIR SHORES MARKET REPORT FOR FEBRUARY - CONDOMINIUMS 

• There was only 1 condo closing in February. It was a bank owned apartment style condo that was listed for $18,900 and sold for $20,000.

 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 March 2nd, there are currently 512 single family homes for sale ranging in price from as low as $15,000 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. 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.