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.
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 |
Friday, December 2, 2011
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