October 2023

Found 16 blog entries for October 2023.

selling a home as a team effortRecently we helped our client sell his family's longtime home on the westside of Madison. This was a unique sale, because our client lived outside of the area, and the home needed some attention before it went on the market. 

So Mad City Dream Homes stepped in as the project manager and oversaw all of the work that would benefit the sale. In all, we contacted and coordinated work with 9 different contractors who worked on projects that included plumbing, electrical, chimney, gutter, landscaping, and a handful of cosmetic updates. 

In the end, our client closed with a fast and full-price offer, thanks in part to the work of so many excellent contractors. 

Whether you need nine contractors for your own home or only one, we're happy to help you make

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One big benefit of being on a multigenerational team is our opportunity to retire gracefully: When it's time for us to retire, we have teammates who are ready to step in and capably serve our clients and friends.

A referral partnership like this is unique and win-win for everyone:

The client wins by working with a group of true professionals. The team wins with each new client it serves. While the retiring agent benefits by receiving referral income well beyond her working years. 

Best of all, the team carries on the retiring agent's tradition of creating goodwill in the community. A tradition that gets passed on to the next generation, and beyond...

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In just the click of a button, a website like Zillow will give you access to all of the latest listings in Dane County. But the thing is, in a fast-moving market like ours, a website like Zillow won't get you into your dream home. 

But a good plan with a skilled agent will. And a good plan always begins with a conversation. A conversation that centers on your goals and a clear set of next steps. 

Call us when you're ready for a conversation. We'd love to help. 

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We’re excited to announce that Amanda Verbrick has joined Mad City Dream Homes! 

Amanda has a unique background that includes real estate sales, real estate operations, and non-profit operations. Prior to working in real estate, Amanda worked for 6 years with the Wisconsin Women's Health Foundation.

Amanda brings a wonderful skill set to our team, where she'll be focusing her time on marketing, operations, and helping her clients with their buying and selling goals. When she's not working, Amanda enjoys camping, reading, spending quality time with loved ones, and trying new recipes. 

You can learn much more about Amanda here. 

Amanda Verbrick, REALTOR

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Most of us who are in real estate are taught early on in our careers how to promote and sell. But the truth is, most of us are tired of selling and tired of being sold to.

A good alternative is to stop selling and start serving. Make helping a habit instead. And keep helping without any regard for compensation. Day after day after day...

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Cash sales in the condo market are occurring much more frequently than in the pre-pandemic market. Through the first 9 months of 2023, a whopping 37 percent of all Dane County condos were purchased without a financing contingency.

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 condos for sale in Dane County.

Madison WI Cash Condo Sales Sept 2023

Where will the condo market go from here?

Even though mortgage rates have been rising, we do anticipate strong demand, low supply, and steady price growth for the foreseeable future. Demand will be strong because Dane County continues to be an attractive career and retirement destination, while the condominium

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Here's our latest insight into the Madison area condo market, starting out with a look at the latest price trends. 

Dane County condo prices

Madison WI Condo prices

On a year-over-year basis:

  • The price per square foot increased from $206 to $222 (8 percent). 
  • The median price increased from $281,000 to $301,000 (7 percent). 
  • The average price increased from $316,368 to $345,510 (9 percent). 

On a year-to-date basis:

  • The price per square foot increased from $202 to $215 (6 percent). 
  • The median price increased from $267,860 to $300,000 (12 percent). 
  • The average price increased from $299,777 to $333,552 (11 percent). 

New condo listings

New condominium listings continued to enter the market at a slow pace. Only 112 condos were

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As the seasons change from summer to fall, be sure to catch the leaves turn into their brilliant red, orange, and yellow hues. Check back for updates using the fall color report map at TravelWisconsin.com, which estimates that the Madison area will reach peak in late-October. There are several spots throughout Dane County that we recommend for autumn color viewing, but these six stand out for their expansive views of the tree-filled landscape.

Lake View Hill County Park

1202 Northport Dr., Madison: This park is home to the highest point on Madison's north side with gorgeous views of Lake Mendota and downtown. After meandering around the Dane County Human Services building (the former sanatorium) and checking out the newly restored fountain, you can

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Low inventory continues to rule the market in Dane County, and it's low inventory that continues to drive prices higher. 

Dane County home prices

Madison WI home prices Sept 2023

On a year-over-year basis:

  • The price per square foot increased by 7 percent.
  • The average price increased by the same amount.
  • And the median price jumped by 12 percent.

Through the first 9 months of the year:

  • The price per square foot was up 5 percent.
  • The average was up 7 percent.
  • And the median was up 6 percent.

New listings

New MLS listings continue to enter the market at an historically slow pace. Only 406 homes were listed for sale in September, which was the lowest on record for Dane County. Listings have been trending much lower since the summer of 2022,

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