Thursday, January 15, 2009

A closer look at Madison East home prices

We recently looked at homes on Madison's west side that sold twice via the MLS in a short period of time. We learned 61% of those homes sold the second time around at a price that was at or above the most recent selling price (39% percent sold for a price decrease).

We've taken the same view of homes on Madison's east side, and here's what we've found:

  • 47% of the homes on Madison's east side sold the second time around at a price that was at or above the most recent selling price. The highest price increase was $113,000.
  • 53% of the homes sold at a loss the second time around. The largest loss was $100,000.
We've posted the details for each property on the DaneCountyMarket real estate trends page. We've also provided more information on the methods we used to collect and summarize the MLS data.

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