Watching the news and reading the paper allows us to get an idea of what is happening at the national, state, and maybe even Dane county and Madison levels. While this can be useful information it may not always tell the story of what is going on in your community. This may be especially true for a community like Middleton Hills. Looking at and analyzing data hyper-locally will present the most relevant information. What's happening in your neighborhood? Let's find out...
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.
Friday, September 30, 2011
Price Change at 3302 Prairie Glade Rd
The 4 bedroom, 3.5 bathroom house was listed at $574,900 and is now listed for $549,700.
Friday, September 16, 2011
TWO New Listings
6820 Aldo Leopold Way is 3 bedrooms, 3&1/2 Bathrooms, and 3226 square feet. It is listed for $524,500. Also new to the market is 3315 Prairie Glade Dr. It has 4 bedrooms, 3 bathrooms, and 3287 square feet. The price is $519,000.
Tuesday, September 13, 2011
NEW LISTING
6708 Aldo Leopold Way is on the market for $750,000. It has 6 bedrooms, 5 & 1/2 bathrooms, and is 5732 square feet.
Monday, September 12, 2011
Current Condo Listings
With the sale of two condos and the expiration of the listing at 6751 Frank Lloyd Wright Ave there are now 5 condos for sale in Middleton Hills.
All listings are 2 bedroom, 2baths except 6753, which is 1 bedroom and 1 bath.
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.
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.
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 |
Current Single Family Listings
Address |
Price
|
First Price
|
CDOM
|
Price/Fin Sq Ft.
|
3625 Fellowship Rd
|
$648,900
|
$662,500
|
56
|
$157.00
|
6901 Ramsey Rd
|
$509,000
|
$509,000
|
54
|
$182.00
|
3302 Prairie Glade Rd
|
$574,900
|
$574,900
|
23
|
$158.00
|
6827 Phil Lewis Way
|
$649,000
|
$649,000
|
69
|
$183.00
|
3312 River Birch Ln
|
$509,000
|
$509,000
|
14
|
$216.00
|
6813 Phil Lewis Way
|
$380,000
|
$380,000
|
89
|
$205.00
|
AVG
|
AVG
|
AVG
|
AVG
|
|
$545,133
|
$547,400
|
51
|
$184.00
|
Currently there are still six homes for sale in the neighborhood. The only change is that 3312 River Birch and 3302 Prairie Glade have replaced the two listings on Pheasant Branch Rd that recently expired.
August Single Family Sales
There are no sales to report for the month of August. The buzz of activity in the spring and first two summer months has given way to the typical lull we see at this time of year. The one pending sale from last month at 6996 Harmony Way is still waiting to close. Assuming this sale goes through that would put the number for the year at 15. With 6 homes currently on the market, it would take all of them selling to beat last year's total.
Thursday, September 1, 2011
New Listing!
There has been another new single family listing. 3312 River Birch Ln is a 4 bedroom house, with 2 baths and 2354 square feet. The price is $509,000.
*Check back soon as I'll be posting the numbers for August shortly.
*Check back soon as I'll be posting the numbers for August shortly.
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