Back HomeAugust Sales Data – Verona & Dane County
September 10th, 2023 by keithandkinseyWe are almost through another summer, and the kids are back in school. This is the time of year when real estate listings (and sales) generally slow down. The stats are showing reduced sales compared to the prior year as we expect. Few people want to move when their current interest rate is half the going rate. We see a slight increase in days on market and fairly flat (though still low) inventory levels. The interesting thing is, looking at all of Dane County, we see a calming in the rising prices, up only 1.1% over the same time last year.
Based on this data from recent closings, the speed at which things are selling and inventory levels, still signal a strong sellers market. This data lags a bit from current activity though because it’s based on closings not currently active homes. In the past few weeks I’ve noticed less buyer activity and higher days on market. The Median days on market of homes currently active (not pending sale) in Dane County is 39 days and in Verona it’s 38 days. Yes, some houses are actually sitting on the market now!
I think this fall and winter should bring a better (easier) buying opportunity and less competition among buyers. In fact our last 2 homes under contract were under asking price for a change! If the craziness of bidding wars scared you away, it’s time to start shopping again!
Homes sold April – July within the Verona School District:
| Sale Date | Address | # Bed | # Bath | Year Built | Days on Mkt | Sq Ft | Price/SF | List Price | Sale Price |
| 8/18/2023 | 419 Lucille Street | 3 | 2 | 1984 | 10 | 1,758 | $197.90 | $349,900 | $347,900 |
| 8/2/2023 | 2516 Spark Street | 2 | 2.5 | 2023 | 33 | 1,403 | $251.53 | $352,900 | $352,900 |
| 8/9/2023 | 2520 Spark Street | 2 | 2.5 | 2023 | 0 | 1,408 | $250.64 | $352,900 | $352,900 |
| 8/21/2023 | 110 N Franklin Street | 3 | 1.5 | 1956 | 0 | 1,890 | $211.64 | $400,000 | $400,000 |
| 8/1/2023 | 2519 Spark Street | 3 | 2.5 | 2023 | 58 | 1,525 | $275.34 | $419,900 | $419,900 |
| 8/28/2023 | 1294 Merry Blossom Lane | 4 | 2.5 | 2023 | 0 | 2,055 | $204.36 | $419,959 | $419,959 |
| 8/4/2023 | 2513 Spark Street | 3 | 2.5 | 2023 | 4 | 1,615 | $264.95 | $427,900 | $427,900 |
| 8/8/2023 | 487 Basswood Avenue | 3 | 2 | 1985 | 7 | 2,070 | $222.22 | $474,900 | $460,000 |
| 8/17/2023 | 3014 Dorchester Way | 4 | 2.5 | 1991 | 14 | 2,325 | $197.85 | $455,000 | $460,000 |
| 8/2/2023 | 1258 MERRY BLOSSOM Lane | 3 | 2.5 | 2023 | 0 | 1,860 | $250.37 | $465,694 | $465,694 |
| 8/31/2023 | 702 Westward Drive | 4 | 2.5 | 1994 | 100 | 2,500 | $192.00 | $519,000 | $480,000 |
| 8/3/2023 | 6295 Stone Gate Drive | 3 | 2.5 | 2020 | 3 | 2,308 | $209.06 | $475,000 | $482,500 |
| 8/24/2023 | 1252 Merry Blossom Lane | 3 | 2.5 | 2023 | 0 | 1,811 | $269.76 | $488,543 | $488,543 |
| 8/8/2023 | 919 E Whispering Pines Way | 3 | 2 | 2023 | 175 | 1,841 | $292.53 | $538,454 | $538,545 |
| 8/3/2023 | 308 Military Ridge Drive | 4 | 2.5 | 1998 | 6 | 3,124 | $179.26 | $550,000 | $560,000 |
| 8/10/2023 | 1298 Early Twilight Way | 4 | 2.5 | 2022 | 5 | 2,056 | $272.37 | $550,000 | $560,000 |
| 8/18/2023 | 963 E Whispering Pines Way | 4 | 3.5 | 2023 | 0 | 2,625 | $219.37 | $575,836 | $575,836 |
| 8/31/2023 | 1135 Willow Run | 4 | 3 | 2011 | 14 | 3,007 | $204.52 | $625,000 | $615,000 |
| 8/31/2023 | 5838 Persimmon Drive | 5 | 4 | 1994 | 26 | 3,803 | $164.34 | $625,000 | $625,000 |
| 8/10/2023 | 925 Basswood Avenue | 4 | 3 | 1999 | 5 | 2,523 | $253.67 | $575,000 | $640,000 |
| 8/1/2023 | 2875 Woods Edge Court | 4 | 2.5 | 1984 | 5 | 3,898 | $182.40 | $650,000 | $711,000 |
| 8/30/2023 | 6386 Sunset Drive | 3 | 3 | 1977 | 7 | 4,035 | $213.14 | $785,000 | $860,000 |
| 8/15/2023 | 1700 Black Cherry Court | 7 | 5.5 | 1996 | 52 | 13,856 | $68.92 | $1,200,000 | $955,000 |
| 8/25/2023 | 1915 County Road PB | 3 | 3 | 2004 | 49 | 3,011 | $322.15 | $990,000 | $970,000 |
| 8/31/2023 | 7480 Felton Drive | 4 | 3.5 | 2020 | 42 | 5,210 | $273.51 | $1,450,000 | $1,425,000 |
