June 2017

Found 14 blog entries for June 2017.

We're excited to be listing unit 903 at the 100 Wisconsin Ave Condominiums on the capitol square. This corner condominium is actually two combined units with 4 bedrooms, 3 bathrooms, a home theatre, and over 3,200 finished square feet. It features sweeping skyline views of Lake Mendota, Lake Monona, and the State Capitol building. The new owner will have the option to purchase the condo fully furnished, with decorating by Decker-Cole Interiors and furniture selections from The Century House and Crate and Barrel. 

A Dramatic Foyer with Marble Tile

The entrance to this downtown luxury condo is through a dramatic, curved foyer with column and marble tile. 

An Open Concept Floor Plan with Panoramic Views

Unit 903 features a chef's kitchen

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Our newest condo listing at 8237 Starr Grass Drive is off to an excellent start, thanks to stager, Debbie Lea, and photographer, Beau Meyer. Traffic has been very brisk and the feedback very positive during the first 4 days of the listing. We're looking forward to reviewing offers on Thursday, June 29th. Here's a little more info about this Midtown Commons condominium on Madison's west side. 

Photos & Features of 8237 Starr Grass Drive

This 2 bedroom/2.5 bathroom townhouse is value range priced from $185,000 to $195,000. The main level features 9' ceilings, upgraded flooring, and a gas fireplace with tile surround. 

An open concept dining area flows into the living room. 

A nice kitchen with breakfast bar, recessed lighting, and ample

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It is odorless, colorless and has no taste, but radon is a naturally occurring gas that exists throughout Wisconsin, and its radioactive properties make it a health hazard. Fortunately, there are ways to detect it, and remove it from the air you breath.

Lindsay Mefford, of Madison Radon Testing, offers radon testing as part of a home inspection, or as an independently completed process. To do the test, a box (smaller than a shoe box) is temporarily installed in the lowest level of your home. It's installed in a way that prevents tampering. The box takes air samples every hour, and measures the radon content in each sample. After 48 hours, the box is collected, and the measurements are averaged. Madison area homes can fall into three categories. Either

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Which price ranges are most competitive in the Madison real estate market? One way to measure the competitiveness (or popularity) of a price range is to look at the percent of offers within the range that involve competition from multiple buyers. In the Madison single family home market, our accepted offer data shows properties priced below $350,000 are in highest demand. Within this range, the most popular price category is $200k - $250k where a full 50% of all accepted offers involve competition from 2 or more buyers. 

Most Competitive Price Categories in Madison

In the Madison condo market, condominiums priced below $300,000 are most popular with buyers. Our 2017 data shows condos priced between $250k and $300k are in highest demand, with 43% of the accepted offers in this price category

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When tents start popping up next to gas stations along country roads, you know it's fireworks season. 

But sometimes it's best to let the pros handle the big shows.

The Madison area is full of events where you can watch the colorful displays and hear the booms, from summer festivals to Fourth of July celebrations.

Most of the 10 events listed below around Dane County for 2017 are free to attend and also offer live music, food and kids activities. Fireworks will kick off around dusk (most start between 9:20-10 p.m.), so be sure to get there early and check the event websites just in case they are canceled due to unfavorable weather. And have fun!

Friday, June 23

Oregon Summer Fest
Kiser Fireman's Park, 245 Brook St., Oregon


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In this year's hot real estate market, many Madison area property owners will learn they can successfully sell their home any month of the year. The reason is a long-term trend of low supply. Our latest single family home inventory report shows the Madison market has had less than 2 months of supply since December of 2015. 

More insight into our seller's market

Historically low inventory has created a large pool of unsuccessful buyers who are still searching for the right property. This is more than a hunch. MLS data shows the percentage of listings receiving competing offers is up significantly from last year. For example, 48% of all accepted offers in April involved competition from multiple buyers. Last April, the percentage was only 33%.

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Known for its disc golf course and splash pad, the largest community park on Madison's west side welcomed a new family-friendly attraction this month.

The Elver Park Farmers Market runs every Saturday morning throughout the summer, featuring educational displays and nearly a dozen vendors selling fresh foods, flowers and other locally sourced and made products.

The market is visible from McKenna Boulevard, located in the corner of the parking lot between the playground and splash pad. So while parents are scouting out sales on produce, kiddos can put on their swimsuits or sneakers for a morning of fun.

Families who live nearby can ditch their cars and choose to walk or ride their bicycle to the park since it's conveniently located along a

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Our newest listing at 540 Highway 92 just outside of Belleville has been a lot of fun to work on so far. This property offers some beautiful views and a countryside setting just 15 minutes from Verona and 30 minutes from Madison. Justin Lackner has done a great job capturing the natural beauty surrounding the property. Here are a few of Justin's photos. 

Outdoor Photos of 540 Highway 92

This 2 acre property is set up on a hill with mature trees. The lot is surrounded by fields and rolling hills on all sides. 

This shot of the surrounding countryside is taken from the front yard. 


Here's another great shot of the countryside setting - taken from the side lot. 

From this property you can see for miles in all directions. 


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The Madison single family home market continued to show rapid price appreciation in May. The May price per square foot was $158 which was up 12 percent from $142 per square foot in May of 2016. Prices in May were well above the market peak from 10 years ago. 

Through the first 5 months of the year, the price per square foot was $153, an increase of 11% from $138 through the first 5 months of 2016. 


Days on market are at record lows. 

Single family homes are selling at the fastest pace ever. The average days on market in May was only 28 days. 

Year-to-date through May, the average days on market was only 41 days, also a record low. 

Inventory remains scarce. 

Only 1.4 months of supply were available for sale as of June

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The Madison condo market has been hot all year and prices are on the rise. Prices rose 15% in May based on our price per square foot statistic. The May price per square foot was $143, compared to $125 in May of 2016. 


Year-to-date through May, the price per square foot is up 12% - from $134 in 2016 to $151 in 2017. This year's market is approaching the 2006 market peak - when the price per square foot was $152. 

Madison condominiums are selling at the fastest pace on record. 

Condos are selling at the fastest pace ever. The May average days on market was only 41 days. 

 The year-to-date average is 52 days - also a record low.  

What's driving the hot market? 

Low inventory. As of June 9th, only 1.5 months of supply were

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