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Prices and rates are higher, why are we seeing bidding wars again?
Last month I wrote about the winter slowdown and year end statistics. I wrote things would keep moving quickly, but buyers might have some easier opportunities. Unfortunately for buyers, that didn’t last too long with the market heating up faster than I expected with the pre-Spring market. Our last couple of listings saw multiple offers Read More
2022 Real Estate Market Summary and What’s to Come For 2023
The early half of 2022 was fueled with extreme bidding wars and buyer competition driving prices up 9.5% statewide and 9.7% in Dane County and the Madison area. The latter half of the year (especially the 4th quarter) had a significant slowdown due to rising interest rates and lower affordability. Even though prices were up Read More
2021 Dane County Home Sales Statistics
2021 was another crazy year for real estate! We’ve seen bidding wars among buyers for the last several years, but this was the most competitive year we’ve seen. We had one buyer we wrote 13 offers for (all above asking price) before they got a house and another who got rejected at 130k over asking price! Read More
Investing In a Hot Real Estate Market
It’s no secret that we are huge fans of real estate investing. Kinsey & I have bought long term rentals, we have done flips, we now have a vacation rental, and we’ve even done a wholesale deal. We are getting more interest than ever from new investors. When real estate is hot, it seems more Read More
Home Inventory Shortage
Starting 2021, the Wisconsin Realtors Association announced available home inventory was down almost 40%, especially in the under $400,000 price range. Remember supply and demand lesson in high school economics? When there is a shortage of supply it forces a lot of buyer competition and drives prices up. That’s what is happening in the housing Read More
Market Update – 1st Half 2020 Wisconsin & Dane County Stats
There is no question the first half of 2020 has been strange. COVID-19 really threw a curve ball at the economy and many industries. Much of our state was shut down March thru May, which is normally our busy season (for buyer showings and listings) in real estate. Traditionally, the number of listings and active Read More
2018 Home Sales Statistics – Dane County and the Madison Area.
2018 was another great year to own real estate! Here’s a first look at the 2018 numbers. Zillow reports that nationwide property values were up 7.7%. According to the Wisconsin Realtors Association (WRA), as of January 1 median prices in Wisconsin were up 7.0% and Dane county prices were 5.8% over 2017. The number of Read More
2017 Dane County Home Sales Statistics
2017 was a great year to own real estate! Here’s a first look at the 2017 numbers. Zillow reports that nationwide property values were up 6.7%. According to the Wisconsin Realtors Association (WRA) as of January 1, median prices in Wisconsin were up 5.8% and Dane county prices were 7.3% over 2016. The number of Read More
What is my property worth?
I’m sure you’ve seen the automated valuation tools that you can find on Zillow, Realtor.com, and even a few agent’s websites. These tools are okay if you want to get a rough ball park idea of your house value. However, they are only as good as an algorithm can calculate based on property records data. Read More
2016 Madison Area Housing Prices
There’s no question 2016 was a great year for real estate in Wisconsin. Here’s a first look at the numbers. According to the Wisconsin Realtors Association (WRA) as of January 1 2017, the median home sale price in 2016 statewide was $165,000. This is a 5.8% increase over 2015. Roughly 81,000 houses sold in the Read More