Mike's Macomb County Real Estate Blog

St. Clair Shores Real Estate Market Report ~ January 2013

 

The market picked up right where it left off with 69 closings for single family homes in the month of January. That's an approximate 9.5% increase compared to January of 2012. More good news ...... comparing January 2012 to January 2013 the average sale price was up approximately 10% and the median sale price was up approximately 21%.

 

                      January 2013 Statistics

 

  • highest sales price - $190,000
  • lowest sales price - $18,100
  • average sales price - $75,857
  • median sales price - $73,000
  • average days on the market - 62
  • median days on the market - 58
 
Of the 69 closed homes in January, 24 were bank owned foreclosures, 9 were short sales and there were 3 canal front closings also.
 
 
  Current Absorption Rate is still at just over 2 months supply of inventory = Sellers Market
St. Clair Shores Real Estate

SOLD PRICE RANGE                  NUMBER OF CLOSINGS

$  5,000 -  $50,000                           19

$50,001 -  $100,000                         38

$100,001 - $150,000                        7                   

$151,000 - $200,000                        5

$201,000 - $250,000                        0

$251,000 - $300,000                        0

$300,001 +                                       0  

 

Want to know what your St. Clair Shores Home is Worth? Contact me for a free Market Analysis - No Pressure, No Obligation!                   

  

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.

  

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

 

 

**** DON'T FORGET**** Michigan First Time Home Buyers can apply for a $3,000 grant to assist with the purchase of a single family home. Active duty military and veterans can get up to $5,000! Great Opportunity! Call me for more details or assistance.

 

 

More Real Estate Posts:

Mortgage Debt Relief Provision EXTENDED for 1 Year!

Pros and Cons to Putting Your House on the Market this Holiday Season

St. Clair Shores Condominium Market Report ~ November 2012

Here it is again… Top 10 Reasons to use MY Preferred Lender

Finish your Flip BEFORE Hitting the Market

Notary Services

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 1 commentMike Mitchell • February 12 2013 04:00PM

Comments

Nice to see the number of sales and average sales price increase from last year. Wishing you a very successful 2013.

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

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