January 2023

Found 12 blog entries for January 2023.

How did the stock market perform compared to the Dane County real estate market in 2022? This chart says it all. 

The stock market vs Dane County real estate in 2022

And where will the market go from here?

Based on what we see in the market right now, we're predicting another year of strong real estate prices here in Dane County. For more information, we invite you to check out our 2023 predictions, where we cover many of the current trends in the Madison area. Or talk to your preferred Mad City Dream Homes realtor. We're always available to talk about your future, and the future of real estate, too. 

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These last few weeks we've heard from dozens of friends who are eager to write their next chapter through the gift of real estate. 

Here are just a few of our clients who are working on their dreams right now:

  • Our friend, Jennifer, who is excited to make the jump from apartment-living to homeownership. 
  • Emily and Eric, who are ready to become first-time homeowners and build wealth through real estate. 
  • Mark and Myah, who are excited to lay down their roots and start their family. 
  • Simona and Dylan, who are eager to buy their first home for Little Baby Mila. 
  • John and Elizabeth, who are excited to move up to a larger home for their growing family. 
  • Tom and Lisa, who are scheming to relocate to Madison and be close to loved ones. 
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It's time for a big shout out to our clients, LeAnn and Roger, who just sold their Madison home for $620,000 after paying $550,000 for it just over a year ago. That's 13% more than their original investment. Not bad at all for the cold month of January. 

The keys to success? Here are a few insights:

#1) Smart cosmetic updates

A little fresh paint, some new cabinet hardware, and a few new light fixtures -- all based  on the recommendations of the Mad City Dream Homes team. Mad City Dream Homes provided the contractor recommendation, too. 

#2) Professional staging

Thanks to the artistry of Debbie Lea and Shelley Lazzareschi, LeAnn and Roger's home stood out as a showcase listing and attracted a tremendous amount of traffic during the holiday

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More condos. 

Downtown Madison WI

Imagine a new wave of modern condominiums that are thoughtfully planned and constructed in environmentally sustainable ways that enhance the character of the downtown area. Condos that open up the pedestrian-friendly and bike-friendly lifestyle to a whole new population of people. Where walking to the park, biking around the lake, walking to the Farmers Market, and walking to a locally-owned coffee shop or restaurant are all a part of daily living. 

Now imagine what more condos would do for our tax base and the small business owners in the area. And how a new wave of condominiums would relieve some of the intense pressure on our local housing market and slow the pace of sprawl. 

My wish isn't confined to Downtown Madison. Other

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Designer and color consultant, Wendy Broadhead, has been working in the home decor field for over 25 years, so she has a lot to offer on this topic. According to Wendy:

"Selecting your main home color can be daunting, but getting the right color makes everything else just fall into place. Whites and Off-Whites are so versatile, looking elegant and classic or rustic and relaxed."

Hot Color for 2023 - Swiss Coffee

(Swiss Coffee from Benjamin Moore -- photo from Benjamin Moore)

Choosing the right colors

Before you take on any large scale painting projects, Wendy recommends choosing your main color first. Some of her favorite colors include Benjamin Moore colors Simply White (OC-117, soft, slightly creamy), Swiss Coffee (OC-45, a touch of warm gray), and Chantilly Lace (OC-65,

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How is the Madison condo market performing? Our newest Dane County condo report offers an objective look at all of the latest trends, including prices, sales, accepted offers, days on market, and more.

Madison area condo prices

The median price for a Dane County condo increased by 14 percent in December while the price per square foot increased by 4 percent. (Note: monthly prices can fluctuate due to the relatively small numbers of condos being sold each month. So, we focus more on the trend over time, instead of the price statistics for any individual month).

Why do Dane County condominium prices continue to rise? One big reason is fewer condos are being listed for sale in the Madison area, which we cover in the next section below.

Madison WI condo prices Dec 2022


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Here's our latest update on the Madison area real estate market -- and without any of the spin. Do you have questions about how the market impacts you and your real estate goals? Contact our realtor team for a helpful conversation. 

Madison area home prices

The price per square foot increased from $197 in December of 2021 to $216 in December of 2022. That's an increase of 10 percent year-over-year.

Why do prices continue to rise in Madison and Dane County? One key reason is fewer homes are being listed for sale, which we cover in the next section below. 

Madison WI Home Prices December 2022 

New MLS listings

Only 133 Dane County single family homes were listed for sale in the month of December, a decrease of 30% from last December, and the lowest total on record for the

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Sometimes changing careers can end up changing your life, too. That's been the experience for many of us on our team. For example, Shelley Lazzareschi worked in the hospitality industry before she became a realtor. Ann Raschein and Chris Venden worked in human resources. And Alan Feder worked in outdoor recreation.

Mad City Dream Homes Realtor Team

So many positive changes have followed our transitions to real estate.

One positive change is that real estate has given all of us the opportunity to work with and impact people on a personal level. We've met many new friends over the years, as we've helped each client navigate an important life event. 

Another positive change is that real estate has allowed each of us to shape our careers around our values. We're fortunate

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Congratulations to our clients Roger and Jennifer, who just sold their longtime home and bought their new dream home all on the same day!  

So much collaboration and teamwork went into making this move possible.

  • Debbie Lea and Shelley Lazzareschi took the lead on the staging plan and made sure Roger and Jennifer's home looked its very best. 
  • Grant Priehs addressed a few minor repairs and light cosmetic updates. 
  • Hellenbrand Painting touched up a few spaces inside the home. 
  • Arran Krantz produced the beautiful listing photos, interior video, and neighborhood video. 
  • Tracy Kapela produced the floor plan, neighborhood guide, and guide to Roger and Jennifer's home. 
  • Dan Miller oversaw the sales strategy, marketing plan, and all of the
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Congratulations to our clients, Kelsey and Ted, on the purchase of a beautiful home in Stoughton! Over the last few years, agent Ann Raschein has worked side by side with them to both buy and sell as their family has grown and their needs have changed. 

In February of 2018, Kelsey contacted Ann that she and Ted were ready to become homeowners. They started looking at homes – mostly on the eastside of Madison – right away, at the same time of year that many other homebuyers were, too. Then in June, Kelsey and Ted saw a home on Waunona Way and were instantly drawn to the big yard, the proximity to the lake, and the idea of being on the bike path! 

The house was also loaded with charm that included arched doorways, original hardwood floors, and a

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