ST. CLAIR SHORES REAL ESTATE MARKET REPORT - 11/07

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 NOVEMBER 2007 - HOMES                                                       

• There were 39 home sales that closed in November                                                      
• The average list price was $130,023
• The highest list price was $449,000 & the lowest was $39,900
• The average sale price of those 39 transactions was $123,449
• The average total days on the market was 158
• 37 homes went under contract and are marked pending for the month of November.

 Of those 39 closed transactions, 1 was lakefront, 1 was canal front & 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 NOVEMBER 2007 - CONDOMINIUMS 

• There were 8 condo sales that closed in November
• The average list price was $148,000
• The highest list price was $345,000 & the lowest was $39,900
• The average sale price of those 8 transactions was $135,625
• The average total days on the market was 166
• 2 condos went under contract and are marked pending for the month of November.

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 664 homes for sale ranging in price from as low as $42,900 investor specials to waterfront homes over 1 million. There are many homes to choose from, no matter what your price range, 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

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.