Saint Clair Shores, MI

I wanted to do a market report for St. Clair Shores waterfront homes for the whole year of 2009. While researching my data I was curious as to exactly what the difference was compared to say, 2005. I had a pretty good idea, in fact I was right on, but wanted to see the raw numbers to be sure.

I broke them down into two categories. Lake Front Homes and Canal Front Homes.

Saint Clair Shores LakeFront Homes closed in 2009 v closed in 2005

• Number of homes closed = 8 * Number of homes closed = 11
• Average List Price = $393,550 *Average List Price = $638,418
• Highest List Price = $624,900 *Highest List Price = $1,250,000
• Lowest List Price = 200,000 *Lowest List Price = $254,900
• Average Sale Price = $379,812 * $567,161
• Average days on market = 81 *Average days on market = 147
• Average total days on market = 182 *Average total days on market = 187

Shocking numbers aren't they? Interesting that closed sales are only down 28% or 3 units considering the current economic conditions. Even more interesting is the days on market comparison.

Of the 8 lakefront sales in 2009, 3 of them were bank owned. Also 6 of the homes were located on Jefferson.

Saint Clair Shores Canal Front Homes closed in 2009 v closed in 2005

• Number of homes closed = 23 *Number of homes closed = 17
• Average List Price = $173,822 *Average List Price $293,566
• Highest List Price = $289,000 *Highest List Price = $499,900
• Lowest List Price = $59,900 *Lowest List Price = $189,900
• Average Sales Price = $154,821 * $281,480
• Average days on market = 146 *Average days on market = 55
• Average total days on market = 399 *Average total days on market = 77

Now anyone that knows St. Clair Shores is going to know that canal front homes used to go for a lot more than $154,821 average sale price! These numbers / stats are just as shocking as the lake front numbers. How crazy is it that the 2009 highest list price is almost the same as the 2005 average sales price! Wow!

O.k. that's enough for everyone to chew on. All I can say is if you were ever thinking about buying a St. Clair Shores canal front home or a St. Clair Shores lakefront home - now is the time to do it!!!!

If you would like more information on buying or selling St. Clair Shores waterfront real estate - call, email or text me, anytime!

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!

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. Selling prices did not include any sellers concessions. Rental properties and $1. sales were not included in stats.

I hear that question quite often from my buyers, and not just from my first time buyers.

Do you have to? NO. Do I recommend it? ABSOLUTELY!

All of my purchase agreements include the following verbage: FINAL WALK THROUGH PRIOR TO CLOSING: Purchaser reserves the right to walk through the property within 48 hours prior to closing.

Why should we do a walk through?In most cases the buyer and their agent haven't been in the property since the home inspection, which many times was about 3 weeks prior or more. It is in your benefit to take 5 minutes and do a quick walk through and make sure whatever is supposed to be left with the house, (ie: appliances, light fixtures) is still there. Besides making sure that nothing is missing, you want to make sure there is no visible damage to the home. YES, 99.9% of the time, everything is fine. In fact throughout my career selling real estate I've never had an issue at a final walk through. But doesn't it make sense to do one before you sign the papers on what is usually the biggest purchase you'll ever make?

Contact Mike Mitchell for more info on Macomb County, MI real estate.

To begin your home search sign up for a FREE account and search Macomb County homes for sale.

Information and details on Extended First Time Buyers Tax Credit.

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

http://www.mmhomesearch.com/

Here's a quick update of available HUD homes for sale in St. Clair Shores. There are only 5 Hud homes currently on the market in St. Clair Shores as of December 14th, 2009. Of those 5, 4 of them are eligible for the owner occupant FHA $100 down program and incentives.

Currently on the market

• 23221 Edsel Ford Court $30,000 (CONDO)
• 22300 Kramer $31,000
• 23315 Edsel Ford Court $40,000 (CONDO)
• 22125 E. 13 Mile Road $54,000
• 21710 Elizabeth $60,000

* Don't forget, new Hud listings come out every Friday! New Hud listings are available to owner occupants only for the first 10 days. Investors can bid after the 10 day listing period if still available.

If you would like more information on Hud Homes in St. Clair Shores and the surrounding area, contact Mike Mitchell. To start searching for homes visit www.mikemitchell.listingbook.com and sign up for a FREE account.

Information and details on Extended First Time Buyers Tax Credit.

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

http://www.mmhomesearch.com/

Why? .....Why? Why? Why, Mr. Dombrowski? Why did you trade our favorite player Curtis Granderson? Our All Star center fielder Curtis Granderson. Me, my family and I'm sure thousands of Detroit Tigers fans are angry. Curtis is a terrific ball player, and a great person, on the field and off. Many of us thought he was the face of the Tigers, or soon to be. The Alan Trammell of the team if you will.

I know, it's a business, but I'm wondering how good a business decission it is trading one of the fan favorites who also happens to be a terrific center fielder. I know the critics will say, yeah but he has trouble hitting left handed pitching - yeah but you know what? He does everything else awesome! I've been listening to sports radio most of the afternoon in my car, and it seems most people are not happy about this decision. Obviously I'm not happy with the trade, or with what some are calling a fire sale. I hope the Tigers front office knows what they are doing, but no matter what the results of this trade, one thing for sure - you will be missed here Curtis Granderson!

It was just a short time ago when many didn't know but a few of the players names on the Tigers. Then the popularity began to grow again as the Tigers started improving. I remember when I was a kid, it seemed like everyone young and old could name the starting line up for the Tigers for years and years. It seemed like the past 4 - 5 years things had returned to that way again. I hope the recent trades work out for the Tigers and for Curtis Granderson.

Good luck to you Curtis Granderson. You're still our Tiger.

If you are in the market to buy or sell real estate in Macomb County, MI give me a call or email and I'd be happy to assist you. To start searching for homes for sale, sign up for a free Listingbook account.

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

http://www.mmhomesearch.com

Another Extreme Home Makeover! Truly in move in condition. You don't want to miss out on this one. Beautiful hardwood floors, NEW Maple Kitchen Cabinets, GRANITE Counters, all NEW Appliances including a Bosch dishwasher! NEW Vinyl Windows through out. New carpet in master bedroom. Partially finished basement (waterproofed 09) with half bath & glass block windows. GFA and Central Air. NEW concrete driveway, new sod and landscaping. Storage shed in backyard. Priced to sell at $95,000

For more info or to schedule a private tour of this fabulous home contact Mike Mitchell

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!

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

http://www.mmhomesearch.com/