According to data gathered from South Central Wisconsin MLS Midvale Heights had seven recorded sales from 1/1/2011 to 3/31/2011. None were distress sales (foreclosure or short sale). Initial list prices ranged from $189,900 to $309,750 with sold prices from $145,000 to $285,000. It is worth noting the cumulative days on the market vs. days on market following a property's last price change. In some sales it appears that a price correction helped bring in an offer that lead to the sale. On average sales occurred withing three months of being put on market.
Compare that to the first quarter of 2010 when there were four recorded sales in Midvale Heights. The average initial list price was $223,800 and average sold price was $219,125. We had 75% more sales this quarter compared to last year with a small 2.3% drop in price. Days on market were also close compared to last year's 78 day average.
I conclude that Midvale Heights is holding steady in this still-struggling economy. And this data also shows that when a property is priced right (assuming it is in good condition) an offer will soon follow.
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