Saint Clair Shores, MI

While I was out selling St. Clair Shores real estate this week, I came across this while I was showing a bank owned property to a client.

This hifi system was built in the family room wall. It was pretty neat, I've seen old systems similar to this before, but never one quite like this. When we opened the bottom panel to see what was in there, we discovered a phonograph!

I don't know if the system worked or not, as the electric was not turned on, but it looks like this was state of the art back in its day. The system was also an intercom and there were speakers throughout the different rooms of the house and you could control which room received the tunes from the main unit.

I thought it was pretty cool and had to snap a picture of it.

For more info on the Macomb County Real Estate market, contact Mike Mitchell,REALTOR ®

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 MARKET REPORT FOR FEBRUARY - HOMES

There were 37 single family homes that closed in February, in December we saw 43 closings and 36 in January. Last month 29 of the 36 January closings or 80% were bank owned homes. Februarys stats were slightly better, only 23 of the 37 homes sold, aproximately 62% were bank owned. The number of bank owned homes continue to drive values down.

• There were 37 home sales that closed in February
• The average list price was $80,954
• The highest list price was $197,900 & the lowest was $15,400
• The average sale price of those 37 transactions was $72,931
• The average current days on the market was 76
• The average total days on the market was 141
• Number of canal front homes closed 0
• Number of lake front homes closed 0

Selling Price # of homes

• under $50k - 13
• $50k - $100k - 14
• $100k - $150k - 8
• $150k - $200k - 2
• $200k - $300k - 0
• $400k - $500k - 0
• $500k - $600k - 0

ST. CLAIR SHORES MARKET REPORT FOR FEBRUARY - CONDOMINIUMS

• There was only 1 condo closing in February. It was a bank owned apartment style condo that was listed for $18,900 and sold for $20,000.

One things for sure, this current buyers market makes it a great time to purchase a home or condo in St. Clair Shores. As of March 2nd, there are currently 512 single family homes for sale ranging in price from as low as $15,000 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 low 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.

Brrrrrr, it's still mid February, but spring will be here soon and what does spring mean in St. Clair Shores? The start of boating season!

Looking at the waterfront market in St. Clair Shores there are some great opportunitys to purchase your own canal front or lake front home!

There are currently 37 waterfront homes on the market in St. Clair Shores as of February 18th. Current Asking prices are from as low as $84,000 fixer uppers to just under $1 million lake front beauties.

Of those 37 homes for sale 10 of them are Lake Front.

If you're ready to start looking for that lake front home you've been dreaming of or that canal front home to dock your boat in your own backyard, give me a call. I'd be glad to assist you in your home search.

Call or email me for a list of water front homes for sale or if you'd like to start your own search for water front homes 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

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 JANUARY - HOMES

There were 36 single family homes that closed in January, down from Decembers 43. The one stat that really stands out from January sales is that 29 of the 36 closings or 80% were bank owned homes. That is an extremely high number, and that also means that only 7 private owned homes closed last month. December seen 55% of the sales bank owned, November had 36% and October was at 45%. This is not the stat that many homeowners trying to sell their home want to hear, let's hope there's an improvement in February.

• There were 36 home sales that closed in January
• The average list price was $97,445
• The highest list price was $539,900 & the lowest was $14,900
• The average sale price of those 43 transactions was $90,879
• The average current days on the market was 73
• The average total days on the market was 226
• Number of canal front homes closed 0
• Number of lake front homes closed 2

Selling Price # of homes

• under $50k - 12
• $50k - $100k - 17
• $100k - $150k - 4
• $200k - $300k - 1
• $400k - $500k - 1
• $500k - $600k - 1

ST. CLAIR SHORES MARKET REPORT FOR JANUARY - CONDOMINIUMS

• There were only 4 condos that closed in January
• The average list price was $32,175
• The highest list price was $49,900 & the lowest was $13,000
• The average sale price was $30,000
• The average total days on the market was 279

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

One things for sure, this current buyers market makes it a great time to purchase a home or condo in St. Clair Shores. As of February 3rd, there are currently 537 single family homes for sale ranging in price from as low as $17,000 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 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!

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.

I wrote a post last year about hud homes in St. Clair Shores. I thought I would do another post with some more tips and advice.

There are currently 23 hud homes on the market is St. Clair Shores as of Jan. 16th, 2009 (tip: new hud listings always come out on Fridays)

• $100. down FHA loans are still available on fha insured homes over $25,000 for owner occupants
• Hud is still offering an additional $2,500 in paid closing costs on fha loans
• Hud homes must be bid on via electronic bidding by a licensed hud approved broker
• required earnest money amounts - sales price up to $49,999 = $500 and sales price $50,000 and up = $1,000
• Hud does not counter offers, they either accept or reject. If rejected you can resubmit an offer.

FAQ: How low of a price will hud accept? (a) I have no idea. What I have found out in my experience bidding/selling hud homes is that there is no rhyme or reason on how they determine what price they will accept. I have seen them reject offers just under asking price and I've seen them accept offers well below their asking price.

Once you have an accepted offer be patient, while your agent will receive an answer to your offer electronicaly the next day (typically), it may take up to 2 weeks to receive a signed purchase agreement back from hud. Once you receive the signed contract back, it typically takes 60 days to close.

Contact me for a current list of Hud homes in St. Clair Shores and surrounding areas or for more information on St. Clair Shores Real Estate.

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

http://www.mmhomesearch.com/