Mad City Dream Homes Real Estate Blog, Madison WI

Late last year we released our predictions for the 2019 Madison real estate market. Here's our short review of how well those predictions have held up through the first half of the year. 

Madison WI 2019 Madison Real Estate Market Predictions

#1: Mortgage rates will rise above 5%

We, and just about everyone else, whiffed on this one. Rates for 30-year fixed rate loans have dropped to well below 4 percent. This graph from Freddie Mac shows how mortgage rates have trended over the last year. 

 

#2: Home and condo prices will rise 2 to 3 percent

Madison home prices have increased by 4% through the first 6 months of the year. 

 

Madison condo prices have increased by 2 percent. 

 

#3: Foreclosures will rise

Madison area foreclosures have actually decreased through the month of

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Few neighborhoods in the Madison area offer the variety of homes that appear in the Nakoma Historic District, where one of our newest listings is located.

Among the hilly, curvilinear streets just west of the UW-Arboretum you’ll find numerous Tudor Revival and Colonial Revival styles as well as a smattering of Mediterranean Revival, Norman Revival, Dutch Colonial, French Provincial, Arts and Crafts, Prairie School, Craftsman Bungalow, Modern, and International styles.

Some of the best local architectural firms of the 20th century, including Henry Dysland and Law, Law, and Potter, designed these homes, which were built between 1915-1946. This time period was one of immense growth and greater mobility in Madison from streetcars to automobiles,

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Even if you don't plan to sell until 2020, this summer is the perfect time to tackle the painting projects that will increase your home's value and improve its mass appeal. If painting projects are on your list, we highly recommend hiring a skilled contractor who specializes in preparing homes for sale. Integrity Painting and Warden & Sons are two family-owned companies that have helped many of our Madison area clients with interior and exterior painting projects. Over the years both companies have consistently delivered high-quality work that provides a great return on investment. 

10 high value painting projects

10 ways to improve your home's value with paint

Here are 10 ways a reputable painting contractor can help you prepare for a successful sale and maximize your sales

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We're excited for our new listing on Madison's west side, which will be made available for showings very soon. This listing has actually been in the works for a long, long time. It all started almost 4 years ago when we hired a photographer to capture exterior photos of the property. We knew we'd use the photos someday - we weren't sure when - so we collected some nice exterior pictures on a beautiful summer day. 

proactively planning for your home sale

Working proactively for a successful listing

We're optimistic our clients will experience a successful sale due to all of the great work they've been putting into their listing. Here are a few of the things we've been working on together over the last few months and years. 

  • First, we've been keeping our clients up-to-date on the
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When deals need to be made, it all comes down to trusted relationships. You can buy and sell homes in Madison, but to do it well, you will need a Realtor who values relationships and brings solid negotiating skills to the table. This adds some strength to your real estate plan, and it helps remove some of the emotion that could otherwise cloud the negotiations. The Mad City Dream Homes Team can help you look at the big picture, and they have enough history in the business to creatively problem-solve, and get you the best deal.

"Our team places a high-value on quality communication, " says Maureen Moran. "We can gather so much more information about the sale for our clients, simply by picking up the phone and talking with the other agent." 

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With over 60 community gardens around Madison, there is a wide range of plot sizes and amenities to suit anyone's needs. All of the gardens have a different feel, and with varying degrees of involvement from each community they can serve as a hub for social, educational, and family activities. Below, we highlight five of the most unique community gardens in the Madison area.

Atwood

The Atwood garden has 110 plots and works with the Goodman Community Center to offer youth programming. Located along the Isthmus bike path between Jackson St. and Waubesa St., this is one of the oldest community gardens in Madison. 

Bock

Located north of Middleton on the southeast end of the Bock Community Forest, this land was acquired for

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Monona is conveniently located just 15 minutes from downtown Madison with beautiful sunset views of the Capitol over the lake and close proximity to the Beltline and Hwy. 51. Even though its roughly 3 square miles are completely surrounded by water or land owned by other municipalities, Monona is carving out its niche as a small waterfront community with easy access to amenities. 

“It’s the best kept secret in Dane County,” said Kathy Thomas, who has served on Monona City Council for about 35 years.  

Thomas moved to Monona in 1969, the same year it became a city. Monona was incorporated as a village in 1938 when more housing and businesses started taking over the farmland that was previously part of the town of Blooming Grove. Her husband

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Mortgage rates were projected to rise in 2019, but they continue to defy all of the projections put forward by industry experts at the end of last year. In fact, as of this writing, rates are at their lowest levels in a long time. Thirty-year fixed rate loans are currently running around 3.75%, and 15-year fixed rate loans are trending around 3.25%. 

This chart from Freddie Mac shows how mortgage rates have fluctuated over the last year. As the graph shows, rates have improved by more than a full percentage point since last November. 

 Madison Mortgage Rates below 4 percent

How do lower mortgage rates impact you? 

For starters, if you've purchased a home or condo in the last couple of years, now is a good time to check with your lender and see if it makes sense to refinance. Ask

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Thinking of selling your home in the coming year? Below are 10 low-cost home improvement projects that add real value to your home. Over the years we've helped many sellers completely transform the look of their home by implementing these and similar projects. In some cases clients have increased their home's market value by tens of thousands of dollars through their sweat equity and only a minimal financial investment.   

Simple Home Improvement Projects

10 low-cost home improvement projects

1) Replace dated bathroom mirrors, towel bars, and towel rings with newer and inexpensive pieces. This one simple change can dramatically improve the appearance of a dated bathroom. Our amazing stager, Debbie Lea, can show you which products to buy and where to buy them. Remember, we offer

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We've learned over the years that some folks can get a little confused about assessments, inspections, and appraisals - and the role each plays as part of the buying and selling process. If you're a little unclear yourself, this short overview will answer a lot of your questions.  

Seller Q and A: Mad City Dream Homes 

Assessments

An assessment refers to the "value" that the local taxing authority assigns to your property. Your local assessor assigns an assessed value to your property each year, that along with the mill rate, determines the amount of property tax you owe.

As a general rule of thumb you shouldn't use your property's assessed value to approximate how much it can sell for on the open market. That's because in most cases your local assessor has never been to your

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