Mike's Macomb County Real Estate Blog

St. Clair Shores Real Estate Market Report ~ June 2012

 

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.

 

 

 

St. Clair Shores Real Estate

 

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!

 

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

 

More Real Estate Posts:

 

Top 10 Reasons To Use MY Preferred Lender

Highest and Best! What's That? 

What's an EMD?

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.

_______________________________________________________________________________________________

 

Looking for a Great agent in Macomb County? Let me GOOGLE one for you. 
 

 Mike Mitchell -REALTOR®                                                               
 Real Living Kee Realty 

 

Call / Text: (586) 291-2652

 

 Email Me

 

http://www.mikemitchell.realtor

Search Macomb County MI Homes for Sale   

                             

 Mike Mitchell - Real Living Kee Realty     

                

Comment balloon 2 commentsMike Mitchell • July 25 2012 02:43PM

Comments

Mike - Thank you for sharing detailed quality information on St. Clair Shores real estate market report June 2012.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) over 6 years ago

Mike - Great real estate market report for St. Clair Shores MI.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 6 years ago

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