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                                                       

• 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.

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/

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.