Saint Clair Shores Real Estate Market Report - December 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 free market analysis (cma). No pressure, no obligation

ST. CLAIR SHORES MARKET REPORT FOR DECEMBER - HOMES

• There were 43 home sales that closed in December
• The average list price was $106,425
• The highest list price was $549,900 & the lowest was $14,900
• The average sale price of those 43 transactions was $95,572
• The average total days on the market was 167

Of those 43 closed transactions, 24 were bank owned. 2 of them were Lakefront & 1 was canal front. 55% of the sales were bank owned, which is a high number for the month.

The number of closed transactions was up from 30 in November, which is a little surprising during the holidays, but as you can see homes are still selling in St. Clair Shores!

ST. CLAIR SHORES MARKET REPORT FOR DECEMBER - CONDOMINIUMS

• There were 6 condos that closed in December
• The average list price was $63,658
• The highest list price was $105,000 & the lowest was $28,350
• The average sale price was $53,166
• The average total days on the market was 206

The median numbers were down for condo sales compared to last months as there were no high end condo listings sold.

This current buyers market makes it a great time to purchase a home or condo in St. Clair Shores. As of January 5th, there are currently 564 single family homes for sale ranging in price from as low as $17,500 investor specials to waterfront homes just under 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. 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 the mls on your own personal website! Absolutely FREE!

HAVE A HAPPY, HEALTHY AND PROSPEROUS 2009

Mike Mitchell - REALTOR ®
GMAC The Kee Group
Direct: (586)291-2652

http://www.mmhomesearch.com/