Mad City Dream Homes Real Estate Blog, Madison WI

If Madison is considered the heart of Dane County, then its veins are the network of highways circulating people and goods throughout surrounding communities. Among them are I-94 and Hwy. 12/18, which branch out to another pulsing artery east of I-39/90: the village of Cottage Grove.

Having experienced a 500% growth rate since 1990, the village of Cottage Grove now has a population of nearly 7,000. Surrounded by open rolling prairies and farm fields, there is enough room for continued residential and business growth.

“Dane County is one of the fastest growing in the state,” said village Trustee Melissa Ratcliff, “And our communities all get stronger because of it.” In the five years her family has lived here, Ratcliff said she’s enjoyed

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The Dane County real estate market got off to a sluggish start during the first 3 months of the year, as single family home accepted offers decreased by 15% from the year before. However, buyer activity picked up significantly in the month of April. Here's our update on the latest real estate trends in Dane County.

Accepted offers

Buyer activity in April was more in line with what we expect to see in a spring market. A total of 680 single family home listings received accepted offers in April, down just 4% from the year before. 

Madison Area Accepted Offers April 2019

New listings

New single family home listings continued to enter the market at a slow pace, which is great news for sellers. New listings decreased by 9% in the month of April and 10% year-to-date. 

 

Months

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If you've researched listing agents in the Madison area, you've probably come across a few realtors who heavily promote their own coming soon website. These websites can be great marketing tools for listing agents. By bypassing MLS syndication and restricting the marketing to their own website, some of these agents are able to increase their client base by funneling "buyer leads" to their teams. Unfortunately, this type of marketing is less helpful to the seller, because it exposes their listing to only a very small percentage of the market.  

How to Market a Coming Soon Listing

There is a better approach for coming soon marketing

There is a better approach for sellers and that is to use coming soon marketing which exposes their listing to the entire market. This approach serves

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15 ways to write a winning offerIf you're buying in 2019, your offer to purchase will likely be up against offers from other motivated buyers. Below are 22 ways you can make your offer stand out from the competition and be the one that gets accepted. Of course the strategies you use will depend a lot on the type and condition of the property, your level of motivation, and how much competition you have from other parties. 

22 Ways to Write a Winning Offer

#1: Submit your mortgage pre-approval from a reputable, local lender. A pre-approval from an out-of-town or big box lender can create doubt in the mind of a seller. For example, we've seen sellers disregard offers from buyers who are pre-approved by an internet lender. Give your seller every reason to believe your pre-approval is

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Do you feel like you’re always running behind - like there’s never enough time in the day? You know you need to take care of yourself and find ways to relax and stay sane, but with everything on your to-do list, there’s never time. We may even look enviously at others thinking, “they have it so much easier than I do. Look at how much time they have to spare in the day!”  Sara Ifert, owner of Go Simple Wellness, says there is hope! "The reality is that we all have the same 24 hours in a day. It’s up to us how we spend that time, for the most part." Lack of time is one of the biggest challenges Ifert's clients have when it comes to creating a healthier lifestyle or finding better balance. There’s no time to cook a meal, work out, read that book, get sleep,…
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It came later than expected this year, but the hot spring real estate market has officially arrived to Madison. Right now over 50% of the home and condo listings in Madison have an accepted offer, which is one of our key indicators of a fast-moving market. Last year, the market hit this milestone in the month of February. This year, the market didn't reach this mark until the month of April. 

Spring Real Estate Market in Madison WI

Why was the spring market delayed in 2019? 

Certainly, weather was a big factor. This year's long and unusually harsh winter caused both buyers and sellers to delay their plans for this year's market. Higher interest rates in early 2019 were also a factor, but then rates dropped at the end of March and the market responded positively. 

What to expect in

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It can be easy to watch the market reports, and to obsess over the mortgage rates rising or falling. But Laurie Ellis-McLeod of AERIE Preferred Financial Group, LLC, says the market isn't the most important thing to consider. "Your purchase will ultimately be more dependent on factors you can control, like your credit score, or the amount you've saved for a down payment."

The credit score is key to getting the best rates, and it can be improved. Do you have debts? Do everything you can to pay them off, or develop a plan to do this efficiently. Avoid making large purchases, or opening (or closing) credit card accounts. Your credit score has great impact on the mortgages and other loans for which you can qualify. Do everything you can to pay your bills

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At the turn of the 20th century, many new house styles emerged in America in opposition to the ornate, Victorian influences from Europe. Through the Arts and Crafts movement, Craftsman style homes were built to be more simplistic and to incorporate quality, natural materials like stone and wood. Frank Lloyd Wright also created the Prairie style of “organic architecture” during this time, with lower profile buildings that blended into the landscape and utilized sunlight. This movement made its way to Madison in the early 1900s, and Craftsman-progressive-prairie styles account for a third of the houses in the Sherman Avenue and Orton Park historic districts, for example.

Nearly 100 years later, Craftsman homes have edged out ranch homes for the most

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Whether you enjoy running, walking, skating, or biking, the Madison area offers countless paths to explore.

Fitchburg is one of 18 communities in Wisconsin that has been named a Bicycle Friendly Community by The League of American Bicyclists since 2012. For a map of the trails in this growing city, click here.

Fitchburg is also home to the area’s first bike roundabout, which can be accessed from the Allied-Dunn’s Marsh Community near Arrowhead Park. Here you’ll have the option to connect to five paved trails depending on which direction you take from the roundabout.

  • Badger State Trail (pass required): 40-mile trail from Fitchburg south to Illinois border

  • Capital City State Trail (pass required): 17-mile trail from Fitchburg

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The Village of Oregon is over 175 years old, but the last few years have been particularly noteworthy for the nearly 10,000 residents in this community just 10 miles south of Madison.

New building projects have been popping up all over -- from single-family homes on the south and west sides to the village’s first hotel in recent history on the east side. And downtown, several Main Street buildings have been refurbished while others have been cleared to make room for a high-demand apartment complex.

But perhaps the most memorable project has been the village’s new welcome center, located in the restored 1899 pump house beneath the “Tin Man” water tower on Janesville Street. Shortly after moving here around 2013 for the “small-town and

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