ST. CLAIR SHORES REAL ESTATE MARKET REPORT - AUGUST 2008
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 freemarket analysis (cma). No pressure, no obligation.
Wow, I can't believe summers over already!
ST. CLAIR SHORES MARKET REPORT FOR AUGUST - HOMES
- There were 53 home sales that closed in August
- The average list price was $137,088
- The highest list price was $509,900 & the lowest was $25,500
- The average sale price of those 53 transactions was $130,823
- The average total days on the market was 205
Of those 53 closed transactions, 23 were bank owned, 5 were canal front, 1 was lake front and 1 was new construction!
Homes are selling in St. Clair Shores!
ST. CLAIR SHORES MARKET REPORT FOR AUGUST - CONDOMINIUMS
- There were 4 condos that closed in August
- The average list price was $85,550
- The highest list price was $162,500 & the lowest was $44,900
- The average sale price was $77,700
- The average total days on the market was 117
This current buyers marketmakes it a great time to purchase a home or condo in St. Clair Shores. As of September 9th, there are currently669 single family homes for sale ranging in price from as low as $25,000 investor specials to waterfront homes up to 1.45 million. There are many homes to choose from, no matter what your price range, nowis the time to take advantage of this market, prices will not remain this low forever. Interest rates are still 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 1,000s of homes.
Mike Mitchell - REALTOR ®
GMAC The Kee Group
Direct: (586)291-2652
WOW! Almost half of the homes that sold were bank-owned. Well...it is easy to see why the government stepped in to take control of Freddie Mac and Fannie Mae. Better days ahead...right?
GBU, Mike!
Hi Elizabeth, yes it's been that way for a while now, it has actually been getting lower each month, however so slightly. The good news is that they are continuing to sell, and the sooner that inventory is reduced, the sooner the market will be able to change.