Mike's Macomb County Real Estate Blog

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.

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

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I've Already Moved Out of State, Do I have to Come Back for the Closing?

 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.