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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

History of Condo Sales

Year
# of Sales
Days on Market
Avg Sale Price
Avg $/SQFT
2011
9
119
$260,888
$150
2010
6
147
$241,083
$168
2009
5
162
$318,500
$145
2008
5
105
$229,820
$184
2007
13
258
$307,270
$187
2006
20
432
$262,635
$188
2005
27
371
$282,568
$190
2004
27
203
$268,614
$177
2003
1
33
$247,000
$123
2002
11
102
$275,443
$145
2001
7
114
$245,921
$137
2000
4
78
$241,950
$139
1999
1
108
$207,000
$105

The very high average price in 2009 was due to 3 of the 5 sales being 3 bedroom condos.

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