Madison Wisconsin Homes and Real Estate: 2666 Norwich St 1, Fitchburg

Tuesday, July 19, 2011

2666 Norwich St 1, Fitchburg

2666 Norwich St 1, Fitchburg: "$25,000 in improvements since 2010: Renewal by Andersen Doors & Windows. New furnace. New A/C. Tile, vanities, kitchen counters & flooring. Zero Condo fees! Spacious main bedroom with extra closets. Recreation room in lower level has a full bath. Dining Room opens to a deck & fabulous yard with room for garden and play. All appliances, even front loading wash machine & dryer & butcher's block kitchen island included. Quick closing possible."

Staying in the Verona and Fitchburg School District is affordable and easy by owning this Townhouse. Quiet location and close to the Elementary and Middle School Campus.

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If Not Sold in the First 30 Days, Successful Sellers Conceded The Price

Through Mid-September, thirty seven percent (37%) of 126 home owners who sold in 2010 sold without making a single price concession. They typically attracted a buyer within 40 days of going on to the market. These successful owners conceded little on price as they sold for about 97%-98% of asking price.

Those who counted time on the market by months or even quarters eventually sold for an average of 91% of their initial asking price. Price reductions improved their success opportunity. Once their price was reduced to a price favorable to a buyer, the time on the market was short--about 34 days from last price change to accepted offer.

See September 20, Buyer Enticing Pricing

Disclosure

The source of data: South Central WI MLS Type of data: Single family homes and maybe condos and maybe other Areas: Madison and other areas such as McFarland, Shorewood Hills, Middleton, Maple Bluff, Oregon, DeForest, Cross Plains, Dane County, Fitchburg, Verona, did I say Middleton? Dates covered in these blog posts: January 2010 and continuing.

All comments are the relatively well thought out opinions of Tom Meyer. Those opinions are not necessarily shared by Restaino & Associates, other brokers, or the national, local, or state associations of Realtors... in fact, they may be significantly different.