Do you have a favorite contractor or business owner who you trust and respect more than any other? Someone who follows up on their commitments and always strives to do the right thing?
We're always seeking to grow our network of professionals who do business on a handshake. So if you know someone we should meet, we would love an introduction.
Thank you, and wishing all of you a happy spring :)
Your friends at Mad City Dream Homes
Just a quick reminder that we have hundreds of neighborhood and condo association guides for you to peruse and use on our website.
So, if you're in the mode of researching neighborhoods, our Madison and Dane County neighborhood guides are excellent resources for you. And if you're curious about condos, our city and suburban condominium guides offer a great introduction to hundreds of local associations.
If you'd like us to create a guide for your neighborhood or condo association, just let us know. We'd be happy to do this for you.
When you fully market your home and expose your listing to the entire market, you reap the benefits of competition. As an example, during the first three and a half months of 2024, we have a large group of sellers who are accepting offers from 5 percent to as much 26 percent over the list.
The bottom line: Sometimes there are good reasons to consider a "quiet sale". But if your primary objective is to maximize your return on investment, then marketing your home to all potential buyers is the clear choice.
Mad City Dream Homes accepted offers over the list (January 1st - April 22nd)
Wouldn't it be wonderful to create the type of business where you didn't need to rely on expensive online ads, daily social media posting, and constant self-promotion?
And wouldn't it be nice to have the type of business where you met most of your new clients because they chose to pick up the phone and call you?
This is the type of practice that all of us at Mad City Dream Homes are striving for, and it's such a rewarding way to approach our work.
If you're a buyer, you love a quiet sale because with a quiet sale you don't need to compete.
As a seller, you might choose a private sale if you'd prefer to sell your home to someone you know, or if you want the simplicity of working with only one buyer.
BUT, if your primary goal is to maximize your return on investment, then fully marketing your home and exposing it to the entire market is the clear choice. Here's why.
Being a nice person who strives to be of service to others may be necessary for a rewarding career in real estate, but it's not sufficient. You also need to have a plan that you're willing to embrace over the long run.
If you're a realtor, and you'd like some help identifying a plan that's a good fit for you, please feel free to contact us. We'd be happy to meet with you and offer you a little outside perspective.
Dane County home prices continued to appreciate in March, as listings decreased. Here's our latest update on the Madison area single family home market.
The price per square foot increased from $218 in March of 2023 to $240 in March of 2024. That's a 10 percent increase year-over-year. Note the price per square foot is up 10 percent through the first quarter of the year, too.
The median and average price were also higher in the month of March:
After
…Recently I started helping my friend who has been looking for a cute little condo on the west side of town. And we came across the perfect match. Two bedrooms. Full of natural light. And walkable to all of the shops and restaurants in the area.
And we wrote a great offer, too. But unfortunately there were 8 other offers and my friend's offer was the runner-up.
This was a huge disappointment to my friend...BUT...after we absorbed the setback, we came out of our conversation with a little more knowledge and a renewed commitment to her goals.
Next up, we'll be sending letters to all of the owners at my friend's favorite condo development. With a little persistence and patience, my friend will find the right condo. We will get her into a new
…Dane County condo prices rose from $200 per square foot in March of 2023 to $223 in March of 2024. That's a 12 percent year-over-year increase. Note the price per square foot is up 13 percent through the first 3 months of the year.
Prices were up by other measure, too:
Condo listings increased for the second straight month. This is an encouraging sign, but it's important to note that buyer demand still far exceeds the supply of available condos. A total of 179 Dane County condominiums were listed for sale in March, compared to
…Madison area home sales continued to lag in March.
While condo sales were lower, too.
And due to low supply, both home and condo prices were noticeably higher. Stay tuned for our complete updates on the Dane County home and condominium markets, which we'll be publishing real soon.
