The month of December, 2011 finished off with 53 closings!
Looking back at the whole year there were 867 single family homes that closed in St. Clair Shores in 2011. I went ahead and figured out the absorbtion rate for the past 12 months and there is currently a 2.75 months supply of homes on the market in St. Clair Shores. This current absorbtion rate shows that the market is becoming more of a balanced market.
The average sale price for November was $59,860 and the average List Price was $64,679.
Here's a break down of the 53 homes that closed in various price ranges to give you an idea.
SOLD PRICE RANGE NUMBER OF CLOSINGS
$0 - $50,000 22
$51,000 - $100,000 24
$100,001 - $150,000 6
$151,000 - $200,000 1
$201,000 - $250,000 0
$251,000 - $300,000 0
$300,001 + 0
Of the 63 homes that closed:
- 20 were Bank Owned Foreclosures
- 6 were Short Sales
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.
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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