September 2023

Found 16 blog entries for September 2023.

The Dane County real estate market continues to be one where buyers outnumber sellers. How do we know this? Here are 3 key indicators of pent-up demand in the Madison area. 

#1: competing offers

It's true, we aren't seeing listings receiving 20 and 30 competing offers this year. But a high percentage of Madison area listings do continue to receive multiple offers. The percentage remains very high when compared to pre-pandemic levels. 

Madison WI Competing Offers Sept 2023

#2: cash offers

The percentage of listings receiving cash offers is also trending along historically high levels, which is another clear sign of pent-up demand. 

Madison WI cash offers Oct 2023

#3: days on market

And of course, marketing times, remain historically low. Many Madison area home and condo listings continue to sell in

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Fall is here and snowy weather is right around the corner. If you're a skier or snowboarder, you are likely already thinking about snow! For skiers and snowboarders alike, this is the time of year when you start blowing the dust off your gear and figuring out where and when you're going to hit the slopes. In the Madison area there are four ski areas: Tyrol Basin, Cascade, Devil’s Head, and Blackhawk, which is a private ski club. Typically, the ski areas in southern Wisconsin are open by Thanksgiving. 

Did you know that nearly every ski area in the United States has a ski patrol? If you have ever skied at one of our local ski areas, you likely saw them wearing red coats with white crosses. My name is Alan Feder, and I have been a ski patroller for

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beloved eastside homeCongratulations to our client, Jenn, who recently sold her beloved home on the east side of Madison. This was a bittersweet experience for Jenn. She loved her home, her neighbors, and the surrounding neighborhood. But she's happy for the new owners, who are elated to be laying down roots in this sweet little bungalow. 

Prior to selling her home, we helped Jenn coordinate all of her painting, lighting, and home repair projects. Then it was time for the professional photos, virtual staging, marketing, showings, and negotiation. 

In the end, all of the planning and preparation was worth it. Jenn received two competing offers, and a wonderful accepted offer for $20,000 above the list. 

Thank you, Jenn, for the opportunity to serve. It's been a true

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How can you dramatically increase your home's value, and without breaking the bank? Usually, the answer involves low-cost, high-impact projects like paint, flooring, and light fixtures.

Are you looking for some low-cost ways to update your own home? 

Contact us for your own complimentary consultation. We'd love to visit you at your home and share our tips and advice -- and connect you with reputable and reasonably-priced contractors, too.  

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If you're looking for someone to bring the natural beauty and character back to your hardwood floors, we highly recommend giving Jeff Shunk from Imperial Wood Floors a call. Jeff is the owner/operator who follows through on his commitments and is onsite when the work is done. 

He and his team recently brought this oak flooring back to life for one of our clients, and Jeff's work was a key reason why our clients sold their home quickly and for the full list price. You can call Jeff at 608-274-2821 for your own free estimate. We enthusiastically endorse Jeff for his service, communication, and dedication to his craft. Thank you Jeff! 

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Dane County home prices continued to move higher in the month of August, and by all measures. Here's our latest single family home update for the Greater Madison area. 

Home prices

The price per square foot increased from $210 in August of 2022 to $220 in August of 2023, an increase of 5 percent. The median price increased by 1 percent, while the average price increased by 4 percent. 

Madison WI Home Prices August 2023

Through the first 8 months of the year, prices were also up by every measure:

  • The price per square foot was up by 5 percent. 
  • The median was up by 5 percent. 
  • And the average was up by 7 percent. 

New listings

New listings continued to enter the market at a slow pace. For only the second August this century, fewer than 500 homes were listed

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Did you know that September is both National Healthy Aging Month and National Fall Prevention Awareness Month? A local nonprofit that we’ve featured in the past, Sharing Active Independent Lives (SAIL), does a tremendous job of educating and empowering older adults as well as equipping them with resources on how to age well, prevent falls, and much more. 

For example, Dr. Alexis Eastman, a faculty member in the Division of Geriatrics and Gerontology in the Department of Medicine at University of Wisconsin-Madison, often presents a SAILing Into The Future workshop on Aging 101: 10 Things to Know About Aging. Here are a few key takeaways as a clinical geriatrician that she would like people to remember about aging:


"I want everybody to

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Are you someone who enjoys helping others? Or perhaps you work in a helping profession like teaching, nursing or social work and you're seeking new challenges and new opportunities with your career. 

If you're a helper at heart then a career in real estate could end up being a great fit for you. That's because people who are wired to serve tend to thrive in the world of real estate (at least, this has been our experience). Contact us if you're curious and ready for a conversation. We'd love to hear from you. 

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Cash offers became much more prevalent during the pandemic, and that trend has continued in 2023. Note from the chart below that the percentage of home sales without financing contingencies is trending much higher this year than in pre-pandemic 2019.

Madison WI Cash Offers Aug 2023

A high percentage of cash offers is a clear sign of a competitive market. It's also an indicator of pent-up demand, where the number of buyers exceeds the number of homes for sale in Dane County. Stay tuned for more insight into this topic. We'll have much more to share real soon. 

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Here's our latest look at the Madison area condo market, without any hyperbole or spin. 

Dane County condo prices

The price per square foot increased from $214 in August of 2022 to $217 in August of 2023. 

Madison WI condo prices Aug 2023

Here's how condo prices are trending through the first 8 months of the year:

  • the price per square foot is up 6 percent
  • the median is up 13 percent 
  • and the average is up 12 percent

We fully expect Madison area condo prices to keep rising based on all of the supply and demand trends that we're observing in the market right now. 

Also note: Because the number of condos sold each month is relatively small, the monthly prices can experience dramatic swings. That's why it's important to focus on the overall trend and not

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