Mad City Dream Homes Real Estate Blog, Madison WI

If you’re planning to sell in 2020, right now is the perfect time to schedule a market analysis for your home. Dane County real estate prices have risen for seven straight years. And with strong demand and low inventory, they’re on course to rise for an eighth straight year in 2020. 

Another factor affecting home prices right now is the upcoming spring market. Properties listed in the springtime tend to receive the highest offers, because that's when multiple offers and bidding wars are most common. So if you're planning to sell in March, April or May of this year, it's possible your home is worth a lot more than you think. 

Madison WI Home Price Trends

Schedule a complimentary market analysis for your home

All you need to do is reach out to your favorite Mad City Dream

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Martin Menocal is more than a photographer; he's an artist. Martin's attention to detail and dedication to his craft are truly remarkable, which is why Martin is one of our preferred photographers. Here are just a few examples of Martin's work from some of our recent real estate listings. 

Interior photos by Martin Menocal

Interior Real Estate Photo Martin Menocal Photography 

Exterior and outside photos

 

Photos are the most important part of every listing

A listing with beautiful photos receives more looks and clicks online, which leads to more requests for showings, more buyer competition, and a higher price on the sale of the home. Remember, we don't have a set budget for our listings. This philosophy allows us to work with the best

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The spring real estate market will be heating up soon. Are you thinking of making 2020 the year you buy or sell a home? There are things you can do now that will help you stay competitive in what’s expected to be another busy real estate market this spring. Read on for tips from our team for ways you can prepare, and then contact us for a consultation. We can help you achieve your buying or selling goals.

Woman writing in a notebook

Looking to sell?

  1. If you’re thinking about selling your home, be proactive. You’ll set yourself up for a better home-selling experience if you begin planning and preparing right now. Many people feel stressed when they have to rush through the process, and planning ahead can make the whole experience much easier. Reach out to schedule a
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What started as a visit to Dane County’s newest gem, Morton Forest near Mazomanie, turned into a “bucket list” of parks for one Madison couple. 

(Michael and Jeanne Mraz stopped at Ferry Bluff State Natural Area after their Dane County Parks adventure, and they continue to explore the beautiful parts of our county and state.)

Jeanne and Michael Mraz have always enjoyed outdoor activities, especially mountain biking at CamRock County Park in Cambridge, hiking at Indian Lake County Park near Cross Plains, and cross-country skiing.

But the lack of snow in recent years meant they had to get creative finding fun, healthy things to do together in the winter. 

So when they saw a newspaper article about Morton Forest, they decided to explore its

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November was another solid month for the Dane County real estate market, with single family home prices and accepted offers reaching a new high. Here's our short review of the latest real estate trends impacting buyers and sellers in the Madison area. 

Accepted offers

A total of 377 single family home listings received accepted offers in November, which was a new high for the month. A high number of accepted offers in November means home sales will be solid in December and January. 

 Madison WI Accepted Offers November 2019

Ninety-eight condos received accepted offers in November, which was the 6th highest total over the last 20 years. 

 

Sold listings

In November, 473 single family home listings sold to new owners. This was the second-highest total on record for the

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The month of December has arrived, which means it's time for our annual real estate predictions. Below we've identified 8 key market trends for the coming year. For a look back at our 2019 predictions, check out this article which we published at the end of last year.

2020 Dane County Real Estate Predictions 

Our 2020 Madison real estate predictions

#1: Mortgage rates will remain well below 5 percent.

We're not economists and we're not experts in the mortgage market, but we do know 2020 is an election year. Because of this we expect mortgage rates will remain near historically low levels throughout all of 2020. 

#2: Inventory will remain low.

Dane County's growing population needs housing, but the pipeline of new listings and new construction homes isn't sufficient to meet the

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The mission of Habitat for Humanity of Dane County is to help more people get into homes so they can have a more stable family life and help stabilize the community. Through volunteer labor and donations of money and materials, Habitat builds and rehabilitates simple, decent houses for people in need throughout Dane County. Habitat ReStores, which sell used and new donations of furniture, doors, wood, cabinets, electrical, appliances, building supplies, lights, and fans, have kept over 7,870 tons of building materials out of landfills, and their proceeds have helped build nearly a quarter of Habitat homes in Dane County.

COVID-19 Updates

  • (4/2/2020): Habitat defers homeowner mortgages amid Safer at Home initiative. Read more here.
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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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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

Strong local employers

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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