November was another very active month for the Dane County single family home market. Here's our update on all of the current single family home trends in the Madison area.

Dane County home prices

The average price per square foot set a new record for the month of November and rose by 6% year-over-year. Year-to-date through the first 11 months of the year, the average price per square foot was up 9%. The median price was up by 6% in November, and the average was up by 2%. Could these numbers be foreshadowing a moderation in price growth in the year ahead? Check our our 2022 Madison real estate predictions for our thoughts on this topic.

Dane County home sales

Madison area home sales decreased 12% from November of 2020, but were still very

As building, lumber, and construction costs rise -- which leads to rising replacement costs to your home -- it’s important to make sure your property is fully covered.

What would it take to rebuild your home if something happened? The average inflation rate in Wisconsin this past year was about 10% and material costs were up about 14% in 2021 from early 2020, and “that’s where the rebuild costs get out of whack really fast,” said Steve Aune, an agent with American Family Insurance in Madison.  

People typically review their policy and coverage every few years to make sure their income and assets are protected. This can prevent them from being underinsured. Aune said some reasons to revisit it include if you: 

• Make material changes to

As we turn the page on 2021 and get ready for 2022, many of us are working on our goals for the new year. And for most of us, our goals usually fall into one of a few different categories. For example:

• family and relationships
• health and well being
• financial health
• and career-related goals

Another goal area that many of us are exploring right now is the area of community service. But with so many community service paths to consider, it can be hard to know where to begin. 

If you're feeling a little unsure about how to begin yourself, we have an exercise for you that will help you get started with your service journey. With this simple exercise you'll be able to choose your path by reflecting on 3 simple questions. 

Three

We'd like to offer a quick shout out to Shelley Lazzareschi and Christine McCorvie for their recent examples of strong buyer advocacy in a seller's market.

First, our kudos to Shelley, who recently helped her client Travis achieve an accepted offer on a home that never hit the open market. Because of Shelley's hustle and legwork, Travis was able to submit his offer without any bidding wars and without any competition. A stress-free offer is such a nice way to buy in this year's ultra-competitive market. 

And congrats to Christine, who just helped her clients Sarah and Jason negotiate $20,000 worth of concessions after a few surprises popped up during their home inspection. By scheduling contractors, obtaining estimates, and effectively

The month of December is upon us, which means it's time for our annual real estate predictions. Below we've identified 8 key real estate trends for the coming year. For a look back at last year's predictions, check out this article from our blog. 

Our 2022 Madison real estate predictions

 #1: Demand will be strong in 2022 and for the long-term. 

Dane County is already the fastest-growing region in the state, and we expect this trend to continue for the foreseeable future. Retirees, who have the freedom to live anywhere, will choose Madison for its variety of amenities and access to good healthcare. Employees, who have the flexibility to work remotely, will relocate to Madison for the same reasons. Out-of-state investors will continue to

Dane County condo sellers continue to enjoy a very favorable fall market as we approach the holiday season. Here's our latest condo market update covering prices, sales, inventory, days on market, and more. 

Dane County condo prices

The average price per square foot increased by 9% in October and by 12% through the first ten months of the year. The median price was up 7% for the month, and the average was up by 4%. 

Dane County condo sales

Although condo sales decreased from last October's unusually strong market, sales were still very strong -- registering the 3rd highest total on record for the month. 

Accepted offers

Contract signings decreased by 19% from last October, but still came in at the second highest total on record

October was yet another record-setting month for the Dane County single family home market. Here's our latest update covering all of the most important trends. 

Dane County home prices

Madison area home sellers continue to lock in record-high prices this fall. The average price per square foot rose by 14% from last October and by 12% over the first 10 months of the year. The median price was up by 6% in October, and the average price up by 4%.  

Dane County home sales

Madison area home sales decreased 13% from last October's record-setting pace. Even so, sales were very strong from an historical perspective, registering the second highest total on record for the month. 

Accepted offers

Contract signings were also very strong in

It's been another very rewarding year for the agents on our team, all of whom will earn well over six figures in profit in 2021. Five of the 6 realtors who have been with us all year will make well over $150,000, while 3 of 6 will make well over $200,000. The question is, how do they do it?

How to earn $150,000+ on our team

Earning a great living in real estate really boils down to 3 simple steps which have stood the test of time for every agent on our team:

• Serve your clients, community and team members generously. 
• Work hard. 
• And be a professional. 

When you focus on serving, putting in the work, and being a professional, your income will grow predictably over time. Just like it has for every agent on our team. Here's a

The city of Madison has been receiving a lot of national attention lately after being named the #1 place to live in America by Livability.com. According to Livability, Madison ranks highly in the areas of health, economic health, housing, and civics. Madison also scores highly for its variety of local amenities and for its ability to support a remote workforce. 

Do home buyers pay attention to rankings like this? 

They sure do.  

In the last few days alone we've received calls from buyers who are thinking of relocating from Illinois, Southern California, South Carolina, and Idaho. None of them really know much about Madison, other than they've heard it's a great place to live. We've received dozens of calls like these over the last two years,

September was another very active month in the Madison area condominium market. Here's our latest condo snapshot covering all of the most important trends. 

Dane County condo accepted offers

Accepted offers decreased by 7% year-over-year, but were still very strong from an historical perspective. The 139 accepted offers last month were the 5th highest on record for the month of September. Remember, year-over-year comparisons are tricky right now because last year's peak market was pushed to the summer and the fall after the pandemic arrived in the spring. Also, don't forget that historically low inventory is limiting the number of offers that are being written in this year's market.  

Dane County condo sales

Madison area condo sales