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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.

Tuesday, December 27, 2011

Price Reduction @ 3302 Prairie Glade Rd

This 4 bedroom, 3.5 bathroom home with 3630 square feet is now listed at $498,000.  It was previously listed for $515,000.

Saturday, December 17, 2011

Price Reduction

6753 Frank Lloyd Wright Ave is now listed for $239,900.  This one bedroom, one bathroom condo has 1250 square feet and was previously listed for $244,900.

Tuesday, December 6, 2011

Current Condos for Sale

6753 Frank Lloyd Wright Ave has 1 bedroom and 1 bathroom, all others are 2 bed/2bath.


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
220,000
279,900
561
164
6767 Frank Lloyd Wright Ave #218
189,000
239,000
318
150
6753 Frank Lloyd Wright Ave
244,900
244,900
152
196
6767 Frank Lloyd Wright Ave #210
269,500
269,500
42
201
AVG
219,117

268
197






Information based on data from FSBO Madison and the South Central Wisconsin MLS

*For Sale By Owners

November Condo Sales

There was one condo sold in Middleton Hills in November, equaling last year's one sale for the month and 8 for the year.  With no current accepted offers it looks like this year will have the same total number of sales as 2010.  Check back in January for a more in depth analysis of 2011.

Address First
Price
Last
Price
Sold
Price
SP/FP SP/LP Cum.
Days on
Market
# Days
From Last
Price Change
Until Offer
6745 Frank Lloyd Wright Ave  280,000 269,900 249,000 89% 92% 220 79
Average Total $280,000 $269,900 $249,000 89% 92% 220 79

Current Homes for Sale

There are currently 8 homes for sale in Middleton Hills.

Address Price First Price CDOM Price/Fin Sq Ft.
6827 Phil Lewis Way   $599,000 $649,000 154 $168.00
6901 Ramsey Rd $479,000 $509,000 138 $171.00
3312 River Birch Ln $485,500 $509,000 98 $206.00
3315 Prairie Glade Rd $499,000 $519,000 80 $152.00
3302 Prairie Glade Rd $515,000 $574,900 111 $142.00
6813 Phil Lewis Way $380,000 $380,000 173 $205.00
6988 Harmony Way* $499,900 $499,900 52 $179.00
3301 Glacier Ridge Rd** $395,000 $395,000 NA $165.00
                      AVG                   AVG           AVG                                                   AVG
$481,550 $504,475 115 $174
*has an accepted offer
**for sale by owner

November Home Sales

Only one home sold in Middleton Hills in the month of November.  This is off from last year's two sales.  Some positives to take out of this year are that the sale more closely matched last year's better performing sold home, receiving 91% of the asking price and selling relatively quickly.  However, the total number of sales through November is now 16 and with only one home currently with an accepted offer it looks as if the total my only reach 17.  While this is not too far off from the 20 sales in 2010, it would be the second worst year in a very long time, following the low of 12 in 2009.  Look for a closer analysis of 2011 early next year once the final statistics are in.

Address First
Price
Last
Price
Sold
Price
SP/FP SP/LP Cum.
Days on
Market
# Days
From Last
Price Change
Until Offer
6708 Also Leopold Way 750,000 750,000 680,000 91% 91% 44 44
Average Total $750,000 $750,000 $680,000 91% 91% 44 44