Mad City Dream Homes Real Estate Blog, Madison WI

15 ways to write a winning offerIf you're buying in 2020, 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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It's only Valentines Day but the market is already heating up, especially for some of the more affordably-priced properties in the Dane County area. For example, in the last week, one of our clients received 3 competing offers on their new listing, while another client received an amazing 13! Here's a quick look at the price points that are receiving the most interest from buyers in early 2020. 

Hottest Properties in Dane County WI

The hottest homes in the Madison area

Right now the hottest homes in the Madison area are those priced under $300,000. As you can see from the data below, well over 50% of these more affordably-priced listings are under contract with an accepted offer. If you think of this another way, it's like browsing for properties on a website like Zillow and

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January was another solid month for the Madison area condo market. Here's our latest update based on data sourced from the South Central Wisconsin MLS.  

Dane County condo prices

The average price per square foot in January was the second-highest on record. With low interest rates, low inventory, and strong buyer demand - we fully expect Madison area condo prices to reach new highs in 2020. 

Madison WI Condo Price per Square Ft Jan 2020

Dane County condo sales

Condo sales (or closings) dipped in January, but were still strong compared to most other years dating back to the year 2000. We expect low inventory levels to restrain condo sales throughout all of 2020. For more information, check out our inventory summary later in this post. 

Accepted offers

Despite low supply, the

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January was another strong month for the Dane County single family home market. Here's our latest update from the South Central Wisconsin MLS:

Dane County single family home sales

January home sales reached the second highest total on record and were up 14% from the sales levels in January of 2019. 

Madison WI Home Sales January 2020

Dane County home prices

The price per square foot reached a record high in January, setting the stage for more strong price growth in 2020. Prices were up 5% year-over-year in January. 

Dane County accepted offers

Accepted offers were down from each of the last 2 years, but were still strong compared to most other years dating back to the year 2000. 

New MLS listings

New listings continue to enter the market at a slow pace.

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Hundreds of homes are sold each month in Dane County, but if your goal is to sell when the market is hottest, then you should list your home during the 4-month window that spans from March to June. Take a quick look at the market data below. Year in and year out, the months of March, April, May and June have more buyers writing offers than any other month of the year. 

the hottest months for real estate in Madison WI

If you're planning to sell in 2020...

Then right now is the time to schedule a consultation with your favorite Mad City Dream Homes agent. Have a quick conversation about timing, pricing, staging, and marketing -  as well as the low-cost improvements that will add real value to your home. Our team is well-equipped to help you make the most of your investment in this year's

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Madison is home to a collaborative network of over 15 community centers of varying sizes and offerings, most notably afterschool and summer programming. Among them is the longest-running center on the west side, now known as the Lussier Community Education Center (LCEC), which a group of mostly women started in the late 1970s at the Wexford Ridge Apartments. A swingset didn’t even exist for the almost 250 families living in the neighborhood at that time, so over the years this dedicated group formed connections to get a donation of playground equipment, access to two of the apartments for community programming, and eventually some paid staff.

In 2000 when Paul Terranova was hired as the Center’s executive director, he heard about the founders’ vision

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This year is another year of low mortgage rates and low inventory in Dane County, so 2020 is already proving to be another very competitive year for local home and condo buyers. With this in mind, here are our do's and don'ts for buyers in this year's fast-moving market.

Tips for 2020 Madison WI Home Buyers

Three don'ts for Madison area buyers in 2020

1) Don't wait for the weekend open house to tour a property

Instead, rely on your buyer agent to schedule a private showing as soon as each property hits the market. Many properties are selling right away and aren't lasting until the open house. 

2) Don't call the listing agent to arrange a showing. 

By the time you reach the listing agent, there's a good chance the property is already sold to another buyer. You're better off

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Now that the holiday season has passed, we're receiving a lot of calls from folks who want to discuss what they need to do to prepare for a successful sale. This is a fun time of year for us, because we're helping a lot of clients come up with a clear set of steps that will help them sell for top dollar in this year's hot spring market. 

a perfectly staged home by Mad City Dream Homes

Creating value with staging and cosmetic updates

Many of our clients are preparing for their sale right now by working with our stager, Debbie Lea. In many cases Grant Priehs, one of our favorite contractors, is also a part of the collaboration. These are proving to be incredibly productive meetings. Not only are we working as a team to create a great staging plan for each property, we're also implementing the

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December was another solid month for Madison area real estate. Here's our latest summary of the single family and condo markets in Dane County. 

December home and condo sales

A record 464 single family homes sold in the month of December, an increase of 32% from the 352 homes sold in December of 2019. 

 Madison Area Home Sales December 2020

Condo sales were just below the sales levels from 2018 and 2017. 

 

December accepted offers

Single family home accepted offers were a tad lower compared to the prior December. 

 

Condo accepted offers were consistent with the levels from each of the last two Decembers. 

 

January months of supply

As of January 11th, only 1.4 months of single family home inventory are available for sale in Dane County. Supply is

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The market is off to a fast start!

mad city dream homes real estate agents

Even though it’s early in the year, our real estate team is very busy assisting our buying and selling clients. The market is definitely off to a faster start this year compared to 2019. In fact, we helped four of our clients receive accepted offers during the first week of January. One of those offers was accepted during the Rose Bowl!

If you know someone who’s planning to sell this year, please let them know right now is a great time to get started with their planning and preparation. Mortgage rates are low, inventory is low, buyers are buying, and the spring market is right around the corner. It’s shaping up to be another solid year for sellers in 2020. As always, all of us on the team are well-prepared to

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