Mike Mitchell - REALTOR® - St. Clair Shores, MI

Last week I wrote a post Spring is Near, about the Detroit Tigers starting their exhibition season. Well here's another sure sign spring is on the way.

It's time to spring ahead and change our clocks this Sunday, March 8th and don't forget this is a great time to change the batterys in you smoke detectors.

If you'd like to start looking for homes this spring in Macomb County sign up for a free Listingbook account and search the mls on your own personal website! Absolutely FREE!

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/

February, 2009 Real Estate Market Report for Macomb Township, MI

There were 41 single family homes that closed in Macomb Township, up from 29 in January.

• The highest sale price was $312,400
• The lowest sale price was $46,500
• The average sale price of those 41 closings was $194,333
• The average total days on the market was 248
• Of those 29 closings 20 of them or aprox. 49% were bank owned

If you're thinking of selling your house and would like to know the value of your Macomb Township home call or email me to set an appointment for a free Comparative Market Analysis.

MACOMB TWP. FEATURED LISTING

If you'd like to start looking for homes and take advantage of this buyers market in Macomb County sign up for a free Listingbook account and search the mls on your own personal website! Absolutely FREE!

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/

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 or rentals. Selling prices did not include any sellers concessions.

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.

I was leaving the office today after completing a CMA for a client who is interested in selling St. Clair Shores real estate and as I started my car, what did I hear on the radio? Detroit Tigers baseball on our local fm sports channel!

It was so good to hear! The Tigers were playing their Grapefruit League home opener against the Atlanta Braves. The Tigers ended up pulling out a victory by a score of 5 to 4.

It's been a long cold winter here and this is our traditional first sign of spring! The Detroit Tigers regular season home opener is Friday, April 10th at 1:05 p.m. vs. the Texas Rangers.

I enjoy the 4 seasons in Michigan, but I think I'm ready for summer and some Tigers baseball. How bout you?

For information 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/

photo courtesy of flickr creative commons

This is a terrific opportunity for qualified first time buyers! With low interest rates and a wide selection of homes to look at, many first time buyers will benefit from this in 2009!

Do you qualify to receive this credit?

• You must be a first time home buyer. First time buyer defined as not having owned a principal residence in the past 3 years
• Home purchased must be used as your principal residence
• Home must be purchased between Jan. 1, 2009 & Nov. 30, 2009
• Max. income of $75,000 for single person & $150,000 for married couples
• Must own home for 3 years after purchasing

What's the difference between last years first time buyers tax credit and this years? The 2009 tax credit has been raised by $500. from $7,500 to $8,000 and most importantly, the 2009 tax credit does not have to be paid back, as long as you own the home for 3 year after purchasing.

For more info read First time buyer tax credit FAQ's

If you'd like to start looking for homesand take advantage of this tax credit and buyers market in Macomb County sign up for a free Listingbook account and search the mls on your own personal website! Absolutely FREE!

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/