Saint Clair Shores, MI

This photo was taken from my blackberry phone at Blossom Heath Park in St. Clair Shores. If you are in the market to buy or sell real estate in St. Clair Shores or the surrounding Macomb County area, 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/

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 REAL ESTATE MARKET REPORT FOR JUNE - HOMES

**** Sales were down from last month, but the good news is that the average sale price was up over 21% and the bank owned sales were down from last month.*****

There were 49 single family homes that closed in JUNE down from 61 in May. 22 of the 49 sales were bank owned homes. That's only 44%. Thats down from Mays 65% while April saw 60% bank owned sales and March was a whopping 77%

JUNE Statistics

• There were 49 home sales that closed in June
• The average list price was $88,883
• The highest list price was $259,900 & the lowest was $16,900
• The average sale price of those 49 transactions was $81,258 up from $63,854 in May.
• The average current days on the market was 92
• The average total days on the market was 235
• Number of canal front homes closed 2
• Number of lake front homes closed 0
• There was 1 new construction home that closed!

Selling Price # of homes

• under $50k - 15
• $50k - $100k - 21
• $100k - $150k - 8
• $151k - $200k - 4
• $200k - $300k - 1
• $400k - $500k - 0
• $500k - $600k - 0

ST. CLAIR SHORES MARKET REPORT FOR JUNE - CONDOMINIUMS

• There were 5 condos that closed in June.
• Average list price of those 5 condos was $73,600
• The average sale price of those 5 closed condos was $52,540
• Average current days on the market 208
• Average total days on the market 315

The buyers market continues, which makes it a great time to purchase a home or condo in St. Clair Shores. As of July 20th, there are currently 452 single family homes for sale ranging in price from as low as $18,000 investor specials to lake front homes over 1 million. Of those homes on the market 10% or 46 of them are bank owned. 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 at record lows and there are some great FHA loans available for those that need a lower down payment. In addition there is a 2009 tax credit up to $8,000 for First Time Buyers!

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!

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 were not included in stats.

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 MAY - HOMES

There were 61 single family homes that closed in May up from 55 in April. 40 of the 61 sales were bank owned homes. That's 65%, April saw 60% bank owned sales and March was a whopping 77%

MAY Statistics

• There were 61 home sales that closed in May
• The average list price was $71,769
• The highest list price was $169,900 & the lowest was $19,900
• The average sale price of those 61 transactions was $63,854 down from $72,995 in April.
• The average current days on the market was 91
• The average total days on the market was 230
• Number of canal front homes closed 4
• Number of lake front homes closed 0

Selling Price # of homes

• under $50k - 26
• $50k - $100k - 25
• $100k - $150k - 9
• $151k - $200k - 1
• $200k - $300k - 0
• $400k - $500k - 0
• $500k - $600k - 0

ST. CLAIR SHORES MARKET REPORT FOR MAY - CONDOMINIUMS

• There were 7 condos that closed in May.
• Average list price of those 6 condos was $65,729
• The average sale price of those 7 closed condos was $56,514
• Average current days on the market 125
• Average total days on the market 284

The buyers market continues, which makes it a great time to purchase a home or condo in St. Clair Shores. As of June 4th, there are currently 481 single family homes for sale ranging in price from as low as $12,500 investor specials to lake front homes over 1 million. Of those homes on the market 11% or 55 of them are bank owned. 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 at record lows and there are some great FHA loans available for those that need a lower down payment. In addition there is a 2009 tax credit up to $8,000 for First Time Buyers!

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!

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 were not included in stats.

I'm sure everyone has heard by now that General Motors ("GM") announced that it has filed for bankruptcy protection.

First, I want to let you know that GM's current situation has nothing to do with GMAC Real Estate The Kee Group. Since last November we have been owned by a new parent company, Brookfield Residential Property Services ("Brookfield RPS"), a division of Brookfield Asset Management ("BAM"). We are now part of a dynamic global organization that is known world-wide for its financial strength and stability. Brookfield RPS is a long-term player, deeply immersed in the real estate industry, and one of the largest real estate and relocation companies in the world. It is a contemporary, innovative company with a tremendous heritage. Through a number of related real estate operations, it has been a leading provider of services to the real estate industry since 1913. BAM is a global asset manager focused on property, power and infrastructure assets, with over $80 Billion USD of assets under management. What this means is we are strong, stable, focused and well-positioned for long-term growth and success.

Second, I want to assure you, as my valued client, that this will have no impact on you or on my ability to continue to provide you with the best Premier Service®.

I would also like to take this opportunity to thank you again for your business. I look forward to continuing our relationship and being of service to you in the future.

If you have any questions or comments, please feel free to contact me.

Sincerely,

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

http://www.mmhomesearch.com/

St. Clair Shores Community Open House

• Sunday, May 31st from 12:00 p.m. to 5:00 p.m.
• Over 100 Homes For Sale will be held Open
• List of homes available at city hall on Sunday (11 mile & Jefferson)

Come and see what this fabulous waterfront community has to offer!
Tour open houses & learn all about the citys residents only waterfront parks, 2 city owned marinas, the St. Clair Shores golf course, schools, restaurants, shopping and more!

Don't forget about the First Time Buyers Tax Credit!

FEATURED LISTING - 21808 DOWNING

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/