Mike's Macomb County Real Estate Blog

St. Clair Shores Real Estate Market Report ~ January 2011

 

 

St. Clair Shores Real Estate

There were 64 closings in St. Clair Shores for January, 2011. The average sale price was $60,574 and the median sale price was $56,900. Of the 64 closings, 30 of them were Bank Owned!

As of February 7th, 2011 there are currently 318 single family homes on the market, giving St. Clair Shores a 4.75 month supply of inventory.

 

For more info 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. To start searching for homes for sale, sign up for a free Listingbook account.

 

 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 

 

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 Mike Mitchell - Real Living Kee Realty     

                

Comment balloon 4 commentsMike Mitchell • February 07 2011 02:13PM

Comments

Mike, I think it's nice that you include the absorbtion rate here because it is an important statistic.  4 1/2 months doesn't seem too bad though.

Posted by Dan and Amy Schuman, Luxury Home Specialists (Howard Hanna Real Estate Services) about 7 years ago

Dan & Amy - Thanks! I was pleasantly surprised at the 4 1/2 month stat! That's definitely a good sign to a recovery, now if the values would just start to increase.

 

Posted by Mike Mitchell, REALTOR (R) (Real Living Kee Realty) about 7 years ago

Great market report, Mike!  Really though?  ONLY 4.5 months for an absorption rate?  WOW!  I would LOVE to see that here!

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Posted by Leesa Finley, RED Properties - Raleigh NC Real Estate (RED Properties) about 7 years ago

Thanks Leesa! I was very shocked, as it was a 6 month supply for a long time. I even re-ran the #s and it is definitely 4.75 ........ just a little bit over 4 1/2 months inventory! Very good sign that things may be getting better!

Posted by Mike Mitchell, REALTOR (R) (Real Living Kee Realty) about 7 years ago

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