We all know there is a seasonal aspect to the market and the spring months typically are the best months for sellers in the Madison area. However, there are some Dane County properties which are always in high demand and can sell quickly any time of year. Below we share 10 different types of properties in the Madison area that benefit from a perpetually strong market.
Hot properties in the Madison area
1) Condos priced under $250,000
The shortage of affordable housing in Dane County has many buyers standing on the sidelines waiting for the right condo to be listed for sale. A nice condo priced under $250,000 is always a hot commodity in our low inventory market.
2) Homes priced under $350,000
Single family homes priced under $350,000 are also in short supply - and popular with buyers throughout the year.
3) Ranch style homes and condos
Ranch style properties are popular with down-sizers seeking a home with all of the living space on one level. Generally speaking there are many more buyers than sellers in this market.
Some neighborhoods are popular with buyers every month of the year. Neighborhoods like Sunset Village and Westmorland on the near west side, and Schenk-Atwood and Willy Street on the near east side. There are many other hot neighborhoods in the Madison area. Contact your favorite Mad City Dream Homes agent to find out if your neighborhood is one of them.
6) Condominiums in perpetually hot communities
Some local condo associations always have more buyers than sellers. For example, High Point Gardens on the west side and the Doty School Condos downtown. If you're seeking a condominium in one of these coveted associations, we highly recommend you work with your agent to find an unlisted property.
7) Properties near conservancy space
Properties located near parks and conservancy space have become a precious commodity in the Madison area, which is why the Woodcreek Village Condominiums located near Pheasant Branch Conservancy are always in high demand.
8) Waterfront properties
If you own a lakefront property, it could be worth much more than you think. Demand for shoreline properties has sky-rocketed over the last 5 years.
9) Luxury properties which spare no expense
The truly discerning buyers are always on the look-out for the rare, luxury home built with the finest quality and upgrades.
10) Properties with amazing views
It's hard to put a price tag on the property that offers amazing, inspiring views. Properties with gorgeous views can sell in a flash any month of the year.
Thinking of selling your Madison area home or condo? Contact Mad City Dream Homes to learn more about the market for your kind of property. We'll help you help create a solid plan for the timing, marketing, and pricing of your listing.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred