Mad City Dream Homes Real Estate Blog, Madison WI

Many older ceiling fans are big and bulky and can make a room feel crowded and dated. But many of the newer models are sleek and stylish and offer the perfect complement.

Would you like help selecting a ceiling fan for a room in your home? Please feel free to call us. Today's selection offers some beautiful and affordable designs, and we'd love to help you choose the right one. 

While we're at it, we can have a look at your like fixtures, too. 

ceiling fans complete a room

(Photo by Step Inside Media with staging by Debbie Lea and Alan Feder)

 

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Here's our May update on the Dane County condo market, covering 8 key trends impacting buyers and sellers. 

Dane County condo prices

For the first time in a long time, the price per square foot edged lower. Does this mean that local condo prices are falling? We don't think so.

Remember, the monthly condo numbers are subject to a fair amount of variability due to the relatively low number of condos sold each month. A few high-priced or low-priced transactions can have a big impact on the monthly numbers.

Tracking the overall trend is the best way to evaluate prices. With this perspective in mind, it's important to note that the Dane County price per square foot is up by 8 percent through the first 5 months of the year. 

Madison WI Condo Prices May 2024 

Here are the May

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Home prices continued to rise in the month of May, and by all measures. Here's our latest report and commentary on the Madison area single family home market. 

Dane County home prices

The price per square foot grew by 6 percent year-over-year, and by 7 percent year-to-date. 

Madison WI Home Prices May 2024

Dane County home prices were up by all measures: 

  • The price per square foot grew from $230 in May of 2023 to $244 in May of 2024 (an increase of 6 percent). 
  • The average price grew from $519,479 to $550,576 (up by 6 percent). 
  • The median price increased from $450,000 to $494,000 (up by 10 percent). 

 

New MLS Listings

Listing activity improved slightly in the month of May, but remained low compared to most other years this century. We expect home

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Home and condo availability is quietly improving, and is better right now than it has been each of the last two summers. What's more, we expect selection will continue to improve throughout the summer and into the fall season, as it does every year.

Check out our latest inventory snapshots of the Madison area real estate market, and please reach out whenever you have questions. We're here to help. 

Dane County single family home inventory 

Madison WI Home Inventory June 6 2024

Dane County condo inventory 

 

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More and more, I’m noticing businesses choosing to exercise their legal rights -- based on language that is spelled out in some sort of fine print. Sometimes it involves making demands for money, threatening to sue, or following through with a lawsuit. In other cases, it’s using the fine print as a justification to do substandard work. 

But before we exercise our legal rights, it might be helpful to think about how our own fears and actions might be contributing to the conflict. And how a conversation with the other party might help us come up with a long-term solution that is better for everyone. 

Sure, there are times when we absolutely need to exercise our legal rights. But we should also examine our own responsibilities before we resort to the

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Many real estate teams attract new team members by offering them "leads" that are purchased from websites like Zillow and Realtor.com. Online leads can be attractive to agents because they offer the promise of a guaranteed income as soon as they join the team. 

But online leads do come with two big downsides. 

The first big downside is that online leads tend to be very expensive -- usually costing a few thousand dollars per transaction. And of course the second big downside is that online leads often end up being low-trust/low-loyalty clients -- due to the simple fact that they've been purchased rather than cultivated through an existing relationship. 

There is an alternative to buying leads, and that is the MCDH model of cultivating positive

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If you've been thinking about modernizing your home's exterior, you've probably been thinking about replacing your siding, which can be a time-consuming and expensive project. We wanted to let you know that local business owner, Dale Tomalin, has a much more affordable and efficient solution than siding replacement. 

Spray-Net Exterior Beautification

Dale is the franchise owner of Spray-Net of Southern Wisconsin, creators of a painting technology that is flexible enough to avoid cracking, hard enough to avoid chipping, and smooth enough for washing. Dale's product transforms brick, vinyl siding, aluminum siding, doors, windows, and kitchen cabinets -- and comes in a variety of colors. We continue to receive excellent feedback about Dale and his work, which is covered by a 15-year

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There's still a fair amount of confusion about the new federal rules impacting buyers and sellers. What you need to know is that the new rules mandate two changes in practice, which are expected to take effect in August. 

#1) In most cases, buyers will need to sign a buyer agency agreement before viewing a property with an agent. Even if you're not sure that you want to work with the agent for the long-term, you will need to sign an agreement. 

At Mad City Dream Homes, we have always believed that you should be able to "test-drive" our services before you decide to work with us for the long-term. For this reason we will continue to emphasize short buyer agency agreements -- agreements that are as short as a single day or that apply to only a single

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At Mad City Dream Homes we have a clear set of home-selling philosophies. Here's a quick intro to our approach. 

mad city dream homes listing photography

(photo by Step Inside Media with staging by Debbie Lea and Shelley Lazzareschi)

Preparation

The actions you take and the decisions you make early on in the process determine your overall experience with your sale. You'll experience a smooth and profitable sale when we work together on these 5 important fundamentals:  

  1. Addressing important home repairs 
  2. Implementing low-cost/high-impact cosmetic updates 
  3. Following the advice of our professional stager
  4. Using professional photographers for all of your visual media
  5. Pricing your home properly for your local market 

Customization

We're huge believers in

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Experience has taught us that a successful sale is very often the result of 5 different experts coming together in support of the seller's goals. 

5 Experts for the Home Seller

(Photo by Step Inside Media)

The 5 experts

The first two experts are the professional painter and the professional handyman. The painter and the handyman create value by eliminating common buyer objections, and by addressing a few low-cost/high-impact updates. It's amazing what new cabinet hardware, a few new light fixtures, and a fresh coat of the right paint can do for a home. Very often it's the simple updates like these that create tens of thousands of dollars of value for the client. 

The third expert is the professional stager. The stager shares her guidance with the painter and the

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