Mike's Macomb County Real Estate Blog

St. Clair Shores Real Estate Market Report ~ February 2013

It's almost spring time! Here's a look at the St. Clair Shores real estate market for single family homes for the month of February. Closings were down from last month, with only 50 compared to 69 in January, but the good news for sellers is the inventory remains low, making this a Sellers Market and prices are slowly starting to climb back up. The current absorption rate for the past 6 months shows jus a 1.6 months supply of homes on the market. Who would have thought a few years ago that we'd be saying the words Sellers Market in St. Clair Shores or anywhere in Macomb County.


          February Statistics

  • High Sale Price $310,000
  • Low Sale Price $22,059
  • Average Sale Price $74,745
  • Median Sale Price $73,950
  • Average Days on Market 52
  • Median Days on Market 27
  Of the 50 closings in February:  11 were short sales, 12 were bank owned foreclosures and 1 was canal front.

St. Clair Shores Real Estate

 

SOLD PRICE RANGE                  NUMBER OF CLOSINGS

$  5,000 -  $50,000                           13

$50,001 -  $100,000                         32

$100,001 - $150,000                          3                   

$151,000 - $200,000                          1

$201,000 - $250,000                          0

$251,000 - $300,000                          0

$300,001 +                                         1  

 

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.

  

   **** BUYERS **** Interest rates are still at record lows! 

 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 0 commentsMike Mitchell • March 05 2013 10:35AM

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