Lake View Hills Neighborhood Statistics - Madison, Wisconsin

With going back to school and other similar activities associated with September, its not surprising that September is one of the slowest months for home sales. While the numbers of listings have remained fairly consistent, the homes sales have dropped from 15 in August to only 3 in September. The condos sales remained the same with 3 sales both in August and September. With 4^th quarter starting off with some great drops in interest rates, the housing market is expected to pick up. Here are your statistics for the Lake View Hills Neighborhood for the month of September as well as all of the 3^rd Quarter.

Residential Homes Sales

Active Listings: 78

3 homes under contract

Average Asking Price: $245,250

Average Price per Square Foot: $140

List Price Range: $999,900 (high) to $134,900 (low)

5 Pending Sale averaging $194,360

September 2007 Sales: 3 Sales

Average List Price: $234,900

Average Sold Price: $222,333

Average List Price per Square Foot: $111

Average Sold Price per Square Foot: $108

Sold Price Range: $310,000 (high) to $177,000 (low)

Average days on market: 65

3^rd Quarter 2007: 27 sales

Average List Price: $198,855

Average Sold Price: $193,762

Average List Price per Square Foot: $125

Average Sold Price per Square Foot: $122

Sold Price Range: $310,000 (high) to $149,000 (low)

Average days on market: 51

Condominiums:

Active Listings: 47

3 condos under contract

Average Asking Price: $190,340

Average Price per Square Foot: $115

List Price Range: $399,900 (high) to $115,000 (low)

2 Pending Sale at average of $215,900

September 2007 Sales: 3 Sales

Average List Price: $143,400

Average Sold Price: $140,633

Average List Price per Square Foot: $107

Average Sold Price per Square Foot: $105

Sold Price Range: $155,000 (high) to $122,000 (low)

Average days on market: 66

3rd Quarter 2007: 7 Sales

Average List Price: $151,828

Average Sold Price: $149,431

Average List Price per Square Foot: $109

Average Sold Price per Square Foot: $108

Sold Price Range: $215,000 (high) to $104,920 (low)

Average days on market: 73

* All information obtained through the SCWMLS courtesy of Mindy Allen, Keller Williams Realty.