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One of the most important things to success in todays real estate market is to make sure the price is right. Getting it right the first time can save time and money. This is why I like to look at and analyze the data on sales. Knowing what has been selling, at what price, and how long its been on the market gives me a special insight into the market in Middleton Hills. With this blog I hope to share some of that insight in a way that's easy to understand. Please share your thoughts and comments and always feel free to contact me with any questions.

Monday, August 8, 2011

July Single Family Sales



AddressFirst
Price
Last
Price
Sold
Price
SP/FPSP/LPCum.
Days on
Market
# Days
From Last
Price Change
Until Offer
6920 Frank Lloyd Wright Ave400,000400,000390,00098%98%99
6805 Aldo Leopold Way449,500449,500445,00099%99%2020
6756 Ramsey Rd559,900559,900555,00099%99%55
6912 Ramsey Rd750,000750,000660,94088%88%7777
Average Total$539,850$539,850$512,73596%96%2828
6996 Harmony Way465,000465,00055*pending



The second half of 2011 is off to a fast start.  Year over year sales in July are way up, going from 1 to 4.  The average number of days on the market is also way down from both last year and early this year, going from 77 for 2010 and 131 for the year through June, to 28 for the month of July.  Four homes (inc. one pending sale) flew off the market, snapped up in less than 3 weeks.  These homes were priced right as not only did they sell quickly, but also received on average 99% of the asking price.  These sellers stuck to what the market has been telling them about pricing and were rewarded with quick and nearly full price offers.   Total sales for the year now stand at 13 with one offer pending.

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