Here's the statistics for the month of June for the St. Clair Shores real estate market:
- Avg. List Price $84,357
- Avg. Sales Price $81,981
- Highest Sales Price $695,000
- Lowest Sales Price $26,000
Homes are selling. Inventory remains low, which is not so great for buyers, but good for the over all recovery of the market. Looking back at the absorption rate the last 6 months in St. Clair Shores there's currently a 2.5 month supply of homes on the market. That's including short sales. If you're a buyer that doesn't want to be bothered waiting for a bank to possibly approve a short sale, there are currently 46 active on the market. Remove those and you have a 1.9 month supply of homes on the market. These are all positive signs. Lower inventory will eventually drive prices up. It is not going to be quick however. It will take some time.
SOLD PRICE RANGE NUMBER OF CLOSINGS
$0 - $50,000 21
$51,000 - $100,000 42
$100,001 - $150,000 15
$151,000 - $200,000 1
$201,000 - $250,000 0
$251,000 - $300,000 0
$300,001 + 1
If you would like more information on St. Clair Shores Real Estate or the surrounding Macomb County Real Estate Market, give me a call or email and I'd be happy to assist you. Want to know what your St. Clair Shores Home is Worth? Contact me for a free Market Analysis. No pressure, No obligation
Featured Listing: 7007 Harbor Place, St. Clair Shores ~ NOT A SHORT SALE!
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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.
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Mike Mitchell -REALTOR®
Real Living Kee Realty
Call / Text: (586) 291-2652