Macomb County Real Estate Blog - Mike Mitchell

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Saint Clair Shores Real Estate Market Report - 12/2007

ST. CLAIR SHORES REAL ESTATE MARKET REPORT - December 2007 

If you would like to know what your St. Clair Shores home is worth in todays 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 December 2007 - HOMES                                                        sold sign

  • There were 27 home sales that closed in December                                                    
  • The average list price was $110,225
  • The highest list price was $189,999 & the lowest was $54,900
  • The average sale price of those 27 transactions was $102,640
  • The average total days on the market was 254
  • 23 homes went under contract and are marked pending for the month of December.

 Of those 27 closed transactions, 14 were bank owned, 0 were waterfront & 1 was new construction. Yes, although rare, you can still find a few new construction homes in the Shores. If you're interested, give me a call and I'd be happy to assist you.

 

    ST. CLAIR SHORES MARKET REPORT FOR December 2007 - CONDOMINIUMS 

  • There were 3 condo sales that closed in December.
  • The average list price was $190,667
  • The highest list price was $425,000 & the lowest was $35,000
  • The average sale price of those 3 transactions was $171,546
  • The average total days on the market was 324
  • 6 condos went under contract and are marked pending for the month of December.

Welcome to St. Clair Shores

This current buyers market makes it a great time to purchase a home or condo in the Shores. As of 12/1 there are currently 591 homes for sale ranging in price from as low as $34,000 investor specials to waterfront homes 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.

For more info on the St. Clair Shores Real Estate market, contact Mike Mitchell, Realtor

WISHING EVERYONE A HAPPY NEW YEAR! HAVE A GREAT 2008!

 

 

Mike Mitchell - Realtor                                                                    
GMAC The Kee Group
Direct: (586)291-2652
http://www.mmhomesearch.com/

 

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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.

8 comments • Mike Mitchell - REALTOR® - St. Clair Shores, MI • January 02 2008 08:15PM

Comments

Mike,  I like the way you differentiate Residential sales from Condos.
Posted by Gary Smith (Agent Marketing Today) about 1 year ago
Mike, this is good news.  27 homes sold for a supposedly "slow" month is very good indeed!  I showed some St. Clair Shores homes this weekend.  Perhaps I'll have a sale for you to add to Januarys totals.
Posted by Kris Wales - Macomb County MI real estate blog & homes for sale search site (Keller Williams Realty - Lakeside Market Center) about 1 year ago
Gary - Thank you! I appreciate you stopping by and commenting.
Posted by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group) about 1 year ago

Kris - I hope you have a sale I can add to the Jan. report, it would be even better if it's one of my listings, so we can finally co-op! Good luck & I hope you have a great year!

Posted by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group) about 1 year ago
Mike - Thanks for the update1 I cant believe half of the homes sales were bank owned.
Posted by MICHAEL ST. PETER (GREENRIDGE REALTY) about 1 year ago
Mike - This is my goal to offer the consumers a market report in my area...a lot of work goes into these and with way over 55k homes on the market, I have my work cut out for me...however I love seeing these kind of reports out there...Great job. Thanks for stopping by on my 100th post...Happy New Year.
Posted by Gilbert Arizona Real Estate - Candace Robinson (HomeSmart ) about 1 year ago
Mike S. - yes almost half were bank owned and all but 1 of the bank owned sales were under $100k driving down the average sale price for the month.
Posted by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group) about 1 year ago
Candace - Thanks, and good luck with your reports. I can't wait to check them out.
Posted by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group) about 1 year ago

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