The following includes statistics and trends for the Verona single family home market for the years 2000 through 2007. Please visit our single family home snapshot for updates on the Verona market throughout the 2008 year.
The median sales price for a Verona home grew from $185,062 in the year 2000 to $279,000 in 2007, for an increase of $93,938 (51%). Home prices for all of Dane County grew by 50% during the same seven year period.
Sold and Expired Listings
Verona home sales peaked in 2001 and 2005, which were both big years for new construction. Single family home expired listings grew from 74 in 2005 to 162 in 2007, as the real estate market shifted from a seller's market to a buyer's market.
Listing Success Rate
The listing success rate for Verona homes ranged between 65% and 76% each of the first six years of the decade. The success rate decreased in 2006 and again in 2007, where it landed at 52% - matching the Dane County average.
Days on Market
The Verona average days on market for listings that sold grew to 80 days in 2007, compared to 74 days for all of Dane County. The average days on market for listings that expired grew to 163 days, compared to 149 days for all of Dane County.
Total Days on Market Experience
The total days on market experience for Verona homes grew to 228 days (7.5 months) in 2007, compared to 210 days (6.9 months) for all of Dane County.
This information is provided courtesy of Dan Miller, Shawn Kriewaldt, Chris Venden, Dasha Shy, and Jodi Shehadi of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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