Macomb County Real Estate Blog - Mike Mitchell

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Saint Clair Shores Real Estate Market Report - January 2008

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ST. CLAIR SHORES REAL ESTATE MARKET REPORT - January 2008

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 January 2008 - HOMES                                                        sold sign

  • There were 40 home sales that closed in January                                                    
  • The average list price was $111,509
  • The highest list price was $299,900 & the lowest was $44,900
  • The average sale price of those 40 transactions was $103,753
  • The average total days on the market was 171
  • 43 homes went under contract and are marked pending for the month of January.

 Of those 40 closed transactions, 17 were bank owned & 2 were canal front. 

    ST. CLAIR SHORES MARKET REPORT FOR January 2008 - CONDOMINIUMS 

  • There were 7 condo sales that closed in January.
  • The average list price was $95,357
  • The highest list price was $249,000 & the lowest was $18,900
  • The average sale price of those 3 transactions was $86,492
  • The average total days on the market was 273
  • 6 condos went under contract and are marked pending for the month of January.
  • 4 of the 7 closed condos were bank owned.

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 February 1 there are currently 589 homes for sale ranging in price from as low as $37,900 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

PRICES HAVE NOT BEEN THIS LOW IN YEARS, GREAT OPPORTUNITIES, CALL MIKE @ 586-291-2652

 

 

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.

 
4 comments • Mike Mitchell - REALTOR® - St. Clair Shores, MI • February 01 2008 07:40PM

Comments

Outstanding market report Mike.   I really like seeing the "pending" numbers as that gives us a bit of a heads up as to what February will look like!
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
Thanks so much Kris!
Posted by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group) about 1 year ago

Mike 

40 percent of closed sales were bank owned....... that is a scary number.

Posted by Terry Lynch (LAR Notary and Closing Services) about 1 year ago
Terry, yes it is. December sales were just over 50% bank owned. However, I'm glad to see they are selling as opposed to just sitting there adding to the inventory, that would be even scarier.
Posted by Mike Mitchell - REALTOR® - St. Clair Shores, MI (GMAC Real Estate The Kee Group) about 1 year ago

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