Mad City Dream Homes Real Estate Blog, Madison WI

For a little insight, check out our graph below, which shows the number of accepted offers during the first 11 months of 2018. As the numbers below show, buyer activity is strongest in March, April, and May. Year in and year out the best time to sell is late winter and early spring. If you're planning to sell in 2019, this means the time to start preparing for your sale is right now. 

Best Time to Sell a Home in Dane County WI

How to prepare for your 2019 listing

Here are 4 steps you can take right now for a successful listing in 2019. 

1) Contact your favorite Mad City Dream Homes agent. Your agent will help you select the right price point, customize your marketing plan, and identify low-cost cosmetic updates that will improve your home’s value.

2) Schedule your professional

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The holiday weekend is here, and if you're still finishing your shopping, several Madison area businesses have great options to please everyone on your list!

For the foodie:

REAP Food Group is offering their annual "Taste of Wisconsin" store through today.  Visit their office on 306 East Wilson Street, and take advantage of all kinds of locally grown treats. Create your own gift basket, and take pride, knowing that you're supporting sustainable, local agriculture. The gift recipient will love the delicious assortment of foods like granola, pickles, beets, sunflower oil, popcorn and more! Pair it all with a Love Wisconsin coffee table book, and your gift is sure to please. 

REAP Food Group is a non-profit in Madison, dedicated to growing good

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Thinking of buying a home or condo in the Madison area? We've got three online tools that will help you reach your goals. Learn how to research building permits, research schools, and discover local neighborhoods with these 3 handy tools. 

Madison Home Buyer Tools

3 helpful tools for Madison area home buyers

City of Madison building permit database

Have you ever found yourself wondering whether or not a home improvement project was completed properly and up-to-code? The city of Madison has a database that allows you to view the permits pulled for any residential property in the city. When you have questions about an individual property, you can research its permit history by visiting this website:

https://elam.cityofmadison.com/CitizenAccess/

State of Wisconsin

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The Dane County real estate market had cooled noticeably for 3 straight months but rebounded nicely in November with a 7% increase in single family home accepted offers. According to our MLS data below, accepted offers increased from 326 in November of 2017 to 349 in November of 2018. Last month's increase followed 3 straight months of year-over-year declines, where offers had decreased by 10%, 16%, and 8% in August, September, and October, respectively. 

Dane County MLS Accepted Offers

In the City of Madison, November accepted offers increased by 14% after decreasing by 15%, 27% and 11% in the three previous months. There's no doubt the slow-down earlier this fall was due in part by the heavy rains and flooding that hit the city of Madison very hard. 

What will the market

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Looking back on 2018, we're grateful for another year of growth at Mad City Dream Homes. Thank you to all of you who have referred us to your friends and family in the last year. Our families thank you! We genuinely appreciate the trust you place in us, and we promise we'll keep working to earn your trust in the years ahead.

Looking ahead to 2019, we're excited to share our team is growing in a number of positive ways. Here are a few of the exciting changes we're working on right now at Mad City Dream Homes. 

Positive changes at Mad City Dream Homes

Positive changes at Mad City Dream Homes

1) We're growing with great people

We're very fortunate to have Maureen Moran, and Tracy Kapela join our team in 2018. Both, in their own way, are making us a better and more complete team.

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With Christmas music taking over the radio before Thanksgiving and many trees and lights up shortly thereafter, it's safe to say the holiday season is here. Many Dane County communities are already planning wintry events for the first part of December, including these listed below - with or without snow. Be sure to check out the websites for detailed schedules and associated costs.

Cambridge Classic Christmas
When: November 30-December 2
Where: Downtown Cambridge
What: Santa and Mrs. Claus come to Cambridge in time for the community Christmas tree lighting Friday evening. Saturday features horse drawn wagon rides, caroling, shopping, and crafts, and Sunday morning is breakfast with Santa.

Victorian Holiday Weekend
When: November 29-December 2
Where:

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Last year we predicted 2018 would be a clear seller's market in Madison and Dane County. This year we're predicting 2019 to be a more balanced market, characterized by rising inventory and moderate price growth. You can get all of the details by viewing our 10 predictions for the 2019 market below. 

Madison 2019 Real Estate Predictions

Our 2019 Madison Real Estate Predictions

#1: Foreclosures will rise. 

Foreclosures have been quietly rising in 2018, and we expect more of the same in 2019. This means more distressed properties will become available for sale in the coming year, but not enough to appreciably impact inventory in the Madison area.

#2: New home and condo construction will plateau. 

Madison area housing starts have been flat in 2018, and this trend will continue

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Who you hire as your buyer agent can make all the difference between success and failure in Madison's low inventory real estate market. Here are six ways a skilled buyer agent (or buyer agent team) can help you succeed in the months ahead. 

buying in a low inventory market

How a skilled buyer helps you succeed in a competitive market

1) Your buyer agent connects you with a reliable, local lender who goes the extra mile. For example, some local lenders will contact the listing agent and vouch for your financial stability when you're submitting a competing offer. Lenders who deliver personal service like this are worth their weight in gold. 

2) Your agent finds properties before they hit the market. A good buyer agent will identify "coming soon" listings before they hit the

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As the holiday season begins and the snow starts falling, South Central Wisconsin is full of places to go to enjoy a night out.

Holiday Light Show in Janesville

Holiday Light Show in JanesvilleRotary Botanical Gardens in Janesville is just a short drive from Madison, but offers one of the largest light displays around.  The gardens include 20 acres of beautiful scenery and, beginning this weekend, they will light it all up for evening enjoyment. This year's display will include more than 500,000 lights, a record for the gardens. Walk through the paths, enjoy more than 100 lit archways, search for the decorated evergreens (there are more than 100!), see decorated garden obelisks, and all kinds of individual displays. Santa occasionally makes a stop at the Rotary Gardens, and is

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We've been asked this question a lot lately.

The flooding we experienced in August and September has negatively impacted single family home sales this fall, but overall sales activity remains strong for this time of year. Inventory remains low, and we expect it to stay low for the foreseeable future. As Dane County's population continues to grow, new homes and condos aren't being built fast enough to keep pace with demand, and prices continue to rise. 

Mortgage rates have risen slightly this year and are expected to rise more in 2019. For this reason we expect prices to increase at a more subdued pace in the coming year. Stay tuned for our upcoming predictions for the 2019 real estate market, which we'll be releasing soon. In the meantime, here's a

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