Here's the latest scoop on the Dane County Condo market - hot off the presses. 

Inventory

As of May 20th, there are only 1.4 months of condo supply across all price categories, with 47% of all Dane County condo listings under contract. The under $250,000 market is extremely hot. 

New listings

New MLS listings continued to enter the market at a slow pace in April. Listings decreased by 11% from April of 2018 and 14% year-to-date. 

 

Accepted offers

Accepted offers were down 2% from April of 2018 and 12% year-to-date. 

 

Sold listings

Dane County condo sales decreased by 14% in April and 8% year-to-date. 

 

Condo price per square foot

The price per square foot increased by 9% in April and 1% year-to-date. 

 

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** This article was originally written by Samantha Haas while a member of our team. You can learn more about Samantha and her work here. 

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

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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. 

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.  

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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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,…