November 2019

Found 6 blog entries for November 2019.

Most of the real estate reports put out by the media focus on active listings (inventory) and sold listings (number of sales, median price, and days on market). Expired listings are another key part of the market that often get overlooked. You might be asking, so what is an expired listing, anyway? An expired listing represents a listing contract between a seller and real estate brokerage which does not result in a successful closing. In other words, a listing that runs its course and "expires" without selling. 

when do real estate listings expire in Dane County

More about expired listings 

In a buyer's market, a large number of listings expire because there are more sellers than buyers. In a seller's market, a low number of listings expire, because there are more buyers than sellers. The 2

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Over the years we've assisted hundreds of homeowners with their sale, and along the way we've observed a few key reasons why some sellers succeed (and others do not). Below we cover 4 key traits which our most successful sellers tend to exhibit. 

Successful Home Sellers in Madison WI

Four traits of successful sellers

1) They have a positive mindset about their sale

Our most successful sellers have positive expectations for their sale. Working side-by-side with our stager and our real estate team, they commit to doing all of the little things that will lead to multiple offers, a high price, and a quick closing. They know that by taking all of the right steps upfront they are positioning themselves for a successful sale and a smooth closing. 

2) They are proactive with their

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Most of us don't associate the month of December with buying a home, but the holiday season is actually one of the best times to be shopping for real estate. That's because there's much less competition from other buyers during the month of December, and some sellers become very motivated during the holiday season. Plus, new listings do enter the market each week, even when it's cold outside and most people are focused on the holidays. Last, there's the added bonus of lower moving costs. Many moving companies offer better pricing when business slows each winter. 

advantages of buying a home in the winter

Have you been thinking about buying a home in 2020? 

Give us a call and tell us more about your dream home. We'll send you the listings that match your criteria, and if you'd like,

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There are many reasons why Dane County property owners can feel good about their investment. Here are 5 big reasons why the greater Madison area is one of the best places in the country to own a home, condo, or investment property. 

Madison WI - A Great Place to Own Real Estate

5 reasons why Madison is a great place to own real estate

A strong local economy

The greater Madison area is blessed with many thriving businesses and one of the lowest unemployment rates in the country. Innovative companies like Epic Systems, Exact Sciences, and others are fueling growth by adding a variety of new, high-paying jobs to our economy. 

A high quality of life

The Madison area has a strong reputation throughout the country for being a great place to live and work. The University of Wisconsin, a

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The Dane County real estate market is always changing, but one dynamic we can continue to count on is low inventory. Here are a few reasons why the supply of Madison area homes and condos will remain low for the foreseeable future. 

Madison WI Real Estate Inventory

Why Madison area housing supply will remain low next year

1) A low supply of new construction homes and condos

Although it may seem like there are a ton of new construction homes and condos being built in Dane County, much of the new construction growth in the area has been for commercial space and apartments. New home construction has been running well below historical highs for the last 14 years (see graph below). New condo construction has been very scarce and insufficient to meet the demand in the

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The Dane County real estate market set several new records in the month of October. Here's our short review of the numbers for both the single family home and condo markets. 

Price per square foot

Dane county home prices established a new high for the month of October. The price per square foot increased by 3% year-over-year and 3% year-to-date. 

Madison Area Home Prices Oct 2019

Condo prices also reached a new record high in October. The condo price per square foot increased by 9% year-over-year and by 4% year-to-date. 

 Madison WI Condo prices October 2019

Accepted offers

Single family home accepted offers established a new high in the month of October, increasing by 3% year-over-year and decreasing by 1% year-to-date. We expect solid sales totals in November and December based on the number of

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