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 JUNE - HOMES
**** Sales were down from last month, but the good news is that the average sale price was up over 21% and the bank owned sales were down from last month.*****
There were 49 single family homes that closed in JUNE down from 61 in May. 22 of the 49 sales were bank owned homes. That's only 44%. Thats down from Mays 65% while April saw 60% bank owned sales and March was a whopping 77%
JUNE Statistics
- There were 49 home sales that closed in June
- The average list price was $88,883
- The highest list price was $259,900 & the lowest was $16,900
- The average sale price of those 49 transactions was $81,258 up from $63,854 in May.
- The average current days on the market was 92
- The average total days on the market was 235
- Number of canal front homes closed 2
- Number of lake front homes closed 0
- There was 1 new construction home that closed!
Selling Price # of homes
- under $50k - 15
- $50k - $100k - 21
- $100k - $150k - 8
- $151k - $200k - 4
- $200k - $300k - 1
- $400k - $500k - 0
- $500k - $600k - 0
ST. CLAIR SHORES MARKET REPORT FOR JUNE - CONDOMINIUMS
- There were 5 condos that closed in June.
- Average list price of those 5 condos was $73,600
- The average sale price of those 5 closed condos was $52,540
- Average current days on the market 208
- Average total days on the market 315
The buyers market continues, which makes it a great time to purchase a home or condo in St. Clair Shores. As of July 20th, there are currently 452 single family homes for sale ranging in price from as low as $18,000 investor specials to lake front homes over 1 million. Of those homes on the market 10% or 46 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
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.
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