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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, January 30, 2012

2011 Condo Sales

Bedrooms
# of Sales
Days on Market
Sale Price
$/SQFT
1
2
              151
$176,000
154
2
6
86
$269,250
152
3
1
              31
$380,500
127

The difference in prices between 1,2, and 3 bedrooms seen here is pretty consistent with how they have been in past years.  As you can see there is a significant jump in value for each bedroom added.  The more desirable condos (those with more bedrooms) also sell quicker than those with fewer bedrooms.

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