Current Homes For Sale

Address	Price	First Price	CDOM	Price/Fin Sq Ft.
6827 Phil Lewis Way^^	$599,000	$649,000	234	$169
3312 River Birch Ln	$485,500	$509,000	219	$206
3539 Starwberry Loop*	$409,900	$414,900	>36	$153
3301 Glacier Ridge Rd*	$395,000	$395,000	>54	$207
6959 Apprentice Pl	$325,000	$325,000	34	$191
6839 Phil Lewis Way	$525,000	$525,000	6	$168
3625 Fellowship Rd^	$649,000	$649,000	19	$157
	AVG	AVG	AVG	AVG
	$484,057	$495,271	#102	$179
* Limited Service(SQFT price reflects change in square footage entered into MLS for 3301)
# Not including Limited Service or FSBO listings
^ Has an accepted offer
^^Sold(final sale data will be entered next month)

Excluding 6827 Phil Lewis Way and 3625 Fellowship Rd there are currently 5 homes on the market, including 2 four bedroom, 2 three bedroom, and one two bedroom.  Right now larger homes seem to be popular, with all 7 of the last sales dating back to November being 2700+ square feet.  If this pattern continues 6839 Phil Lewis should be the next to go. 

March Home Sales

Address	First Price	Last Price	Sold Price	SP/FP	SP/LP	Cum. Days on Market	# Days From Last Price Change Until Offer
3315 Prairie Glade Rd	519,000	475,000	475,000	92%	100%	139	1
3302 Prairie Glade Rd	574,900	489,500	499,000	87%	102%	170	10
Average Total	$546,950	$482,250	$487,000	89%	101%	155	6

I mentioned these two properties in my post last month.  Each of them spent 4-5 months on the market, but look at the far right column.  After getting the price right both sold immediately…and for AT LEAST 100% of the new asking price!  Again, pricing is key.  When homes are priced correctly buyers will see the value and make a good offer.  As demonstrated with 3302 Prairie Glade a properly priced home may even stir up competition and increase the value. 

April Condo Listings

There has been another accepted offer on a condo in Gardd Parc.  Unit #321 has joined #218 as having an offer accepted.  There has also been a price change at unit #311.  It is now listed for $359,000 which is down from $365,000. 

In all of the City of Middleton there have been 23 condo sales since last August.  Of those sales 12 sold for $125,000 or less, 5 sold for $300,000 or more, and 6 sold for somewhere in between.  In this mid-price range, condos in Middleton Hills accounted for 3 of those 6 sales.  Both units with current accepted offers also fit into this price range.  This mid-price range seems to be the current sweet spot as 6 of 10 condos in the city that are pending sales or have accepted offers fit those prices.

Address	Price	First Price	CDOM	Price/ Sq Ft
*6767 Frank Lloyd Wright Ave #311	359,000	365,000	NA	267
^6767 Frank Lloyd Wright Ave #321	220,000	279,900	681	164
^6767 Frank Lloyd Wright Ave #218	179,000	239,000	438	142
6753 Frank Lloyd Wright Ave	239,900	244,900	272	192
6767 Frank Lloyd Wright Ave #210	269,500	269,500	162	201
AVG	253,480	279,660	388	193

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

*For Sale By Owner

^Has an accepted offer

Lot Sale Information

Street Address	Lot #	SQFT	Price
6841 Ramsey Rd**	417	5616	$173,900
6821 Ramsey Rd	422	6013	$177,900
6817 Ramsey Rd	423	5643	$174,900
6813 Ramsey Rd	424	5173	$170,900
6809 Ramsey Rd*	425	4758	$167,000
3486 Glacier Ridge Rd	400	6963	$198,900
3414 Glacier Ridge Rd	408	7014	$270,000
3470 Glacier Ridge Rd	402	7035	NA
3454 Glacier Ridge Rd*	404	7238	NA
**Pending Sale
*Accepted Offer

With one sale pending for lot # 417 on Ramsey Rd and two accepted offers, one on Ramsey and one on Glacier Ridge, the number of lots now available is down to 6, with 3 each on Glacier Ridge and Ramsey.