Home values on the near west side have weathered the real estate downturn like no other area of Madison. Classic west side subdivisions like the Hill Farms, Westmorland, Sunset Village, Nakoma, and Dudgeon-Monroe neighborhoods have always been in high demand, and will continue to be highly coveted in the years ahead.
Why is this side of town so popular? A large contingent of buyers prefers the construction from the early to mid 1900s, back when many local, highly-regarded architects left their imprint on Madison's real estate landscape . The near west side is also conveniently located near many of Madison's largest employers, including: UW Health, Meriter Hospital, St Mary's Hospital, the VA Hospital, CUNA Mutual, UW-Madison, and the State of Wisconsin. Last but not least, Madison's near west side neighborhoods are only a short bike or bus ride away from the many wonderful cultural, entertainment, and dining venues in the city's downtown area.
Amazingly, home values on Madison's near west side were only 3.8% lower in 2012 compared to the values from the peak year of 2008. Now, prices on this side of town are poised to move higher as the stabilization of the broader real estate market takes root.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred