| Address | First Price |
Last Price |
Sold Price |
SP/FP | SP/LP | Cum. Days on Market |
# Days From Last Price Change Until Offer |
| 6755 Frank Lloyd Wright Ave | 225,000 | 200,000 | 185,000 | 82% | 93% | 115 | 101 |
| 6767 Frank Lloyd Wright Ave #305 | 179,900 | 179,900 | 167,000 | 93% | 93% | 16 | 16 |
| Average Total | $202,450 | $189,950 | $176,000 | 88% | 93% | 66 | 59 |
About Me
- Jed Hohlbein
- 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, September 12, 2011
August Condo Sales
There were two sales last month, both of which were 1 bedroom and 1 bath. Although there were only two sales, they do show very well the overall trend in the market today. One was listed at a higher price, was on the market longer, had a price reduction and then sold for 93% of that price. The other was listed at a lower price, got a quick offer, and also sold for 93% of the asking price. What this demonstrates is that pricing is key to getting offers. Both condos sold for 93% of the final asking price, but one sold much faster because they started off with a price much closer to what a buyer was willing to pay.
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