Price Change at 6767 Frank Lloyd Wright Ave #321

This 2 bedroom, 2 bathroom condo is now listed for $220,000.  It was previously listed for $245,900.

Another Condo For Sale

6767 Frank Lloyd Wright Ave. #210 is a 2 bedroom, 2 bathroom condo with 1343 square feet.  The list price is $269,500.

Expired Listing

3625 Fellowship Rd is no longer on the market.  It is a 4 bedroom, 4 bathroom home and has 4145 square feet.  It was listed for $648,900.

Open House at 3312 River Birch Ln on Sunday 10/23 from 11-1

Open House at 3302 Prairie Glade Rd on Sunday 10/23 from 11-1

Price Change at 3312 River Birch Ln

The list price on this 4 bedroom, 2 bath and 2354 square foot home has been reduced from $495,500 to $485,500.

NEW LISITNG

6988 Harmony Way is now the 10th home for sale in Middleton Hills.  It has 3 bedrooms, 3.5 bathrooms, and 2791 square feet.  The list price is $499,900.

3315 Prairie Glade Rd Open House Sunday 10/16 from 1-4

Price Change at 6901 Ramsey Rd

6901 Ramsey Rd is now listed for $479,000.  It was previously listed for $509,000.

Price Change @ 6827 Phil Lewis Way

This 3 bedroom 2.5 bath home is now listed for $629,000.  It was previously listed for $649,000

3302 Prairie Glade Rd Open House this Sunday 1-3PM

Current Condo Listings

Address	Price	First Price	CDOM	Price/ Sq Ft
*6767 Frank Lloyd Wright Ave #311	365,000	NA	NA	272
6767 Frank Lloyd Wright Ave #321	245,900	279,900	471	183
6745 Frank Lloyd Wright Ave	269,900	280,000	160	170
6767 Frank Lloyd Wright Ave #218	189,000	239,000	234	150
6753 Frank Lloyd Wright Ave	244,900	244,900	63	196
AVG	262,940			194

All listings are 2 bedroom, 2baths except 6753, which is 1 bedroom and 1 bath.

Also please note that an error I made in calculating the average price last month has been corrected.

Current Single Family Listings

Address	Price	First Price	CDOM	Price/Fin Sq Ft.
3625 Fellowship Rd	$648,900	$662,500	77	$157.00
6901 Ramsey Rd	$509,000	$509,000	75	$182.00
3302 Prairie Glade Rd	$574,900	$574,900	44	$158.00
6827 Phil Lewis Way	$649,000	$649,000	90	$183.00
3312 River Birch Ln	$495,500	$509,000	35	$216.00
6813 Phil Lewis Way	$380,000	$380,000	110	$205.00
6820 Aldo Leopold Way	$524,500	$524,500	17	$163.00
6708 Aldo Leopold Way	$750,000	$750,000	26	$131.00
3315 Prairie Glade Rd	$519,000	$519,000	18	$158.00
	AVG	AVG	AVG	AVG
	$561,200	$564,211	55	$173.00

4 of the current listings are 4 bedrooms, 3 are 3 bedrooms, one is 6 and one is 2 bedrooms.  The average list price is up from about $498,000 for sold homes through June and also up from $540,000 from homes sold in July.  For homes that have sold so far this year the average list price/sqft was $164 and sale price $158.

September Overview

September followed August as another month with little to talk about in the neighborhood real estate market.  While there were a few new listings, there were no sales and no accepted offers for either condos or single family homes.  There were also no lot sales.  It is not unsual to see things slow down at this time of year and that is also reflected in the fact that in all of Middleton there were only 11 single family and 2 condo sales in September.  Looking at sales for August and September over the last several years there have typically been at least a couple houses that have sold.  With no activity the last two months there have now been 6 fewer sales through the end of last month compared to last year, which is over 25% less.  In the condo market things look a little better.  This year's 7 sales is already nearly equal to last year's total of 8.

If sales from October- December the last few years are any indication then single family sales will likely end up falling short of last year.  The average has been near 4 but last year there were only 2 closings.  Adding in the one home that is currently pending plus the average of 4 sales would still put the total for 2011 at 19.  Condo sales have also recently lagged for the last 3 months of the year with an average under 1.

One kind of surprising thing I found in doing some research is that both the condo and single family markets in the neighborhood both are within the range of what is considered a healthy level of inventory.  For single family homes there is a 6 month supply and for condos there is a 4 month supply.  While this would normally indicate a level playing field or slight advantage to sellers I think the perception of the housing market and the uncertainty with the economy make that less clear.