Mad City Dream Homes Real Estate Blog, Madison WI

hyper local market statisticsWe've added "hyperlocal" market data to our Mad City Dream Homes website which makes it easy to learn about the real estate market in your preferred neighborhood or condominium association. Our market data is sourced directly from our MLS data feed and updated every 15 minutes, so you can count on it for timely and accurate information. Below we offer 4 examples of how the data works and how you can use it to understand the nature of the market in your target destination.

Example 1: Neighborhood with a Hot Sellers' Market

The screenshot below shows market data from the Midvale Heights neighborhood on the near west side of Madison. Scroll to the middle of our profile page and you'll find it. This data provides several clues which point to a very

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Our short slideshow below provides a concise overview of the latest trends in the Madison, Wisconsin condo market. Our inventory data is up-to-date as of October 17th. All other data is up-to-date through the month of September. Here's a quick narrative on the latest trends in our local condo market. 

Madison Condo Trends - 9/2015

  • Inventory remains very low - 2.2 months of supply and less - for condos priced below $250,000. The market dynamics at the lower price points generally favor sellers over buyers. At higher price points the months of supply are much higher. However, there is more than meets the eye with the inventory data. We'll dig deeper into the inventory data in a future blog post. 
  • New condo listings are entering the market at a
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It's known as the home of "Freakfest," a wild annual festival with music, outrageous costumes, and sometimes outrageous behavior. But downtown Madison is reclaiming its place as a family friendly locale. This week, that includes appealing to a younger audience for Halloween. The Madison Central BID is hosting Family Halloween this Wednesday, October 28, from 3-6 p.m. Families are encouraged to come out, wear costumes, and enjoy everything State Street and the Capitol Square has to offer. Participants can trick-or-treat at downtown establishments, stop in to a number of museums and entertainment venues for special programming, and enjoy all kinds of arts and crafts. The Madison Parks Department is offering Hay Rides downtown for $2/person. Aside from the

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The video below provides a very quick update on the latest trends for single family homes in Madison, Wisconsin. This update covers the month of September. Here's a quick overview of our sellers' market. 

Madison Single Family Home Market Trends - 9/2015

  • Madison home sales set a 10 year high in the month of September. 
  • Accepted offers reached an all-time high. As a result we expect a high number of closings in both October and November. 
  • Inventory is low, especially for homes priced under $350,000. 
  • Expired listings are trending along historically low levels. 
  • Days on market are also trending along historically low levels. 
  • Home prices are on the rise. 

 

Dane County Real Estate in the News

This MLS real estate 

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We recently wrote about 4 key steps you should take right now in order to prepare for a successful listing in the Spring. Step #1 is get your staging plan in order. A few of our own clients are taking this advice to heart and working proactively on their staging right now. I have no doubt each of these sellers will be rewarded for their efforts. They'll knock it out of the park when their homes hit the market in early 2016.

Home Stager Debbie Lea Madison WIHome Staging by Debbie Lea

Recently one of these sellers participated in a "group staging" session run by Debbie Lea from Showcase Home Stagers. The consultation was attended by Mr. Seller, Mrs. Seller, and myself. The four of us spent 3 hours together as we toured the home room-by-room. 

This was a collaborative and "hands

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Last weekend, my family took our annual trip to a corn maze, and had a great time wandering a local field, learning map skills and supporting a local farm. The popularity of these mazes have increased, nationwide, over the last ten years. They provide great entertainment, exercise and help support local agriculture. Locally, there are a significant number of mazes to choose from. The Madison area offers countless farms within close proximity to most neighborhoods. In addition to the maze, your outdoor fall experience can include apple-picking, a visit to a pumpkin patch, a petting zoo, hayrides, and a number of other specialty activities. If you haven't already found a place for fall fun, here's a list of options near Madison:

Fitchburg Farms, located

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professional virtual toursA professional, full-motion listing video offers the best way to show off your home on the world wide web. Done in the right manner, a full-motion virtual tour benefits your listing by providing better visual marketing, better exposure on Google, and syndication to more websites. Below, we share a few examples of some great listing videos. Later, we offer a few tips for creating an effective virtual tour.

3 Examples of Great Virtual Tours

This first video provides an excellent visual introduction to this upscale listing in Fitchburg. Note how the narrated script also does a great job of calling attention to the many high-end features offered by this home.

This second video provides a very polished presentation for our recent listing in Sunset

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They're known for their Swiss roots, and Spotted Cow beer. And this weekend, New Glarus will be celebrating both at the annual Oktoberfest. The community is located just 30 minutes southwest of Madison, and is a must see for anyone looking for a unique variety of shops, restaurants and festivals. 

Oktoberfest events kick off Friday night with live music by Pink Houses and the ceremonial Tap of the Wooden Keg at 9 p.m. At that time, award winning beer Staghorn Octoberfest, created by New Glarus Brewing Co., will be available at the Oktoberfest tent. Admission to the tent is free, and commemorative Oktoberfest Bier Steins will be available for purchase.

The next morning, the day starts with the Glenda K. Scott 5K/10K run  or 2 mile walk through New

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We've covered previously how you and your real estate agent can use creative techniques to find and buy an unlisted property. These strategies include calling and sending letters to home owners in your preferred locations. Done in the right way, both methods work extremely well. Both afford you the opportunity to find the right property, negotiate with the owner, and close on your new home without any competition from other buyers. In this market of low inventory and high demand, both strategies give you a big advantage over the competition. Not only that, buying an unlisted home is a bit of an adventure and can be a lot of fun

A good old-fashioned postcard offers another creative avenue for finding and buying an unlisted property. A strategically

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The market for single family homes in Verona certainly favors sellers over buyers. On the surface this doesn't appear to be the case when you look at the number of homes sold in July. After all, there were only 23 homes sold in July, compared to 37 in July of 2014 and 28 in July of 2013. What these numbers don't show is that the supply of MLS listings is historically low. Although the demand for Verona real estate is very strong, a dearth of inventory is putting a cap on sales and driving prices higher. 

 

The graph below shows how the July average Verona home price has been trending over time. Excluding the outlier month of July 2006 (when a few luxury sales drove the average price higher), July home prices reached an all-time high in 2015. 

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