Mad City Dream Homes Real Estate Blog, Madison WI

A few years ago we asked to join the Foundation for Dane County Parks based on a hunch. A hunch that we could donate our business skills to a cause and help that cause enhance its impact on the community. We chose the Foundation because parks and nature are vital to a healthy community. We're almost 4 years into this now, and we've learned so much from our experience. Mainly, great things happen when people come together to support a higher cause. 

Indian Lake Park Photo by Samantha Haas

Thank you!

Thank you to all of you who are donating your time, your skills, and your money to the causes that are important to you. You may not realize this, but you are role models who inspire others to follow your example. We're committed to following your lead and serving the Foundation and many

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Madison area condo prices continued to reach new highs in the month of July. Here's our latest Dane County condo report covering prices, inventory, days on market, and more. 

Dane County condo prices

Dane County condo prices set a new record last month, increasing by 7% from July of 2020. Year-to-date prices were up 14% compared to prices through the first seven months of last year.

Madison WI Condo Prices July 2021

Accepted offers

Condo buyers were extremely active in July of 2020 due to the impact of the pandemic on the market. Condo buyers were very active in July of 2021 as well, but accepted offers were lower compared to last year's unusually strong numbers.

New MLS listings

New condo listings continued to enter the market at a subdued pace. A lack of supply

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Dane County home prices increased by double-digits for the 5th straight month in July, but we're seeing signs that price growth may be moderating soon. Here's our latest update on the Madison area single family home market. 

Dane County home prices

Dane County home prices increased by 10% year-over-year and by 12% year-to-date. The average July home price was a whopping $419,402, and July was the fifth straight month that the average home price landed above $400,000. However, we do believe price growth will moderate in the months ahead based on some of the trends that we are observing right now. 

Dane County Home Prices July 2021

Percent of sales with competing offers

Our preliminary data through the month of June suggests that the percent of home sales with multiple

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Over the years we've had the pleasure of photographing some amazing kitchens! Here are a few of our favorite kitchen shots from the last few years. Thanks to our stager, Debbie Lea, and to our marketing team for making these photos possible. And of course, thank you to our wonderful clients!

350 S Hamilton St #204

Luxury Condo Kitchen

350 S Hamilton St #901

927 Rumley Run

1110 Red Tail Drive

1880 Deer Haven Trail

3080 Yarmouth Greenway

2205 Town Hall Rd

4322 Rolla Lane

5035 Enchanted Valley Rd

Are you in search of your dream kitchen? 

We can help you find and buy your next home that comes with your dream kitchen already built. Give us a call and tell us about your dream home. We'll work closely with you and

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Inventory is increasing across the country and it's rising locally, too. As of this writing, there are almost 600 Dane County single family homes listed for sale on the MLS without an accepted offer. Earlier this spring, during the height of the home buying frenzy, there were only 300 homes available.

Buying a Home in Madison WI

With more homes available for sale, the market is becoming more hospitable for Madison area home buyers. Generally speaking, there are fewer competing offers and fewer bidding wars right now compared to the height of the spring buying season. More opportunities are opening up for buyers who are staying in the game and who are staying committed to their search. 

Are you still searching for your dream home? 

We are here to help you with all of

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Real Estate Agent CollaborationIt's been a very competitive market this year involving a lot of long hours and a lot of hard work, so the timing seemed right for a get together with some of our industry peers at the Memorial Union Terrace. When we casually pitched this idea over Facebook, we were amazed by the response. 

In all a couple dozen agents from a few different brokerages gathered for an afternoon of relaxation and collaboration, and it was a great event. We all got to know each other a little better as we openly shared our ideas and philosophies. Many people who attended the event (as well as those who couldn't make it), have said they would love to make this a regular meeting.

Even though we're technically "competitors", we all have a need for connection and

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Most business owners would not choose to go through the trouble of creating and mailing over 1,700 newsletters each month when the world went digital a long time ago. After all, newsletters are time-consuming and costly. And unlike an online ad, they don't provide any measurable boost to the bottom line. 

All of this is true. But over time we have learned that producing a monthly newsletter has become fundamental to the way we do business. Here are three reasons why we're committed to creating an 8-page newsletter month-after-month.

Mad City Dream Homes Newsletter from March, 2021

Real Estate Newsletters

Why we publish a monthly newsletter

For starters, creating a monthly newsletter requires collaboration, commitment, and consistency by all of our team members.

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As listing agents we're able to observe and interact with many different buyer agents with each property we sell. And one trend we've been noticing lately is a surprising number of offers being written where the buyer agent assumes -- rather than verifies -- that a listing is receiving many offers.

What this means for some buyers is that they are paying way more than they need to for their home. As an example, our team recently sold a home for more than $30,000 above the list, even though only one offer was submitted for the listing. Unfortunately for these buyers, they could have purchased their home for a much lower price if their agent had invested a little more time and thought into their offer.

Negotiating the Offer to Purchase

The market is always in flux

Our late

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In January 2010, Haiti was the site of an earthquake that killed over 300,000 people and displaced millions of Haitians. Gergens Polynice, a student at UW-Madison, was from Port-au-Prince (the capital of Haiti and also the epicenter of the earthquake) and had spent the holidays at home. Although his family was not hurt, the needs of the Haitian community were immediate. One of his professors, Tom Eggert, taught a class on sustainable development and organized students in the class to help those in Haiti who were left without places to stay, places to work, and places of safety. “This was one of the first natural disasters you could donate to on your phone via text, and the international community arrived with food, medicine, shelter, and water. But my

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While many of our clients live in the homes they are selling, we also work with out-of-town owners who are ready to let go of their investment properties or second homes. We are proud to offer sellers -- whether they’re nearby or far away -- peace of mind during the entire process. 

For example, when LouAnn H. chose our team to sell her Jamestown Newbury condo, she entrusted us with her keys and we took care of the rest. Agents Jake Johnson and Dan Miller collaborated to co-list the 2 bed/1 bath property, which had multiple offers and sold above asking price. 

2150 Allen Blvd #1, Middleton

Listed for $145,000 and sold for $150,000 -- $5,000 above the list.

Rather than having LouAnn spend two hours driving one way to open up her condo for

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