Thursday, June 14, 2018

April 2018 Home Sales

April 2018 Home sales continued to be healthy as the Madison market still suffers from a lack of inventory.  Wondering what your neighbors house sold for?  Curious about the value of your home?  Contact me and we can talk.

Friday, June 8, 2018

Wisconsin in Top One-Third of Affordability

The Wisconsin Housing Affordability Index fell to 195, in April — the first time it’s been below 200 since June 2010, according to the Wisconsin REALTORS Association’s April home sales report. The index measures whether the average family could qualify for a loan on a typical home. A value of 100 means that a family earning the median income has exactly enough income to qualify for a mortgage on a median-priced home.

Although short supply and heavy demand have pushed affordability lower than it’s been in years, affordability in Wisconsin is still significantly above the national average, which was 150 for the first quarter of the year, the NATIONAL ASSOCIATION OF REALTORS reported. A curved affordability score from NAR ranked Wisconsin in the top one-third of all states for affordability. Yet, demand and the strong economy has propelled the market, which saw a 5.9 percent increase for median home prices — to $180,000 from $170,000 — in the last 12 months. 

But there just aren’t enough houses on the market to replace those that have sold. The state had just 29,296 homes for sale in April — 19 percent less than April 2017. So even with more than half of all home sales typically taking place between April and August, sales were down in April by 0.4 percent on a year-over-year basis. 

New construction will take some time to catch up with demand, but the good news is that seasonally adjusted permits for new residential construction were up 8.4 percent in April, relative to April of last year. 

As we ride out this tight market You can count on me to help you through the process!

Friday, May 25, 2018

Art Deco in Sunset Village


Looking for a small home on the near west side?  Look no further than this small ranch with Art Deco leanings!

The house features hardwood floors and built-ins. It also has a split bedroom floor plan perfect for empty-nesters or a young family. Open living/dining offers great light and wonderful views from the living space through the dining area to the large deck and back yard. I'll be honest, it does need some TLC, but is adorable! Located in a quiet family-friendly neighborhood close to Sequoya Commons, Hilldale, schools and parks.

Showings begin May 27th at the Open House from 1-3 p.m.  Hope to see to you there!

Thursday, May 10, 2018

Tight Real Estate Market Continues


Over the last year, a 17 percent decrease in the number of homes available statewide has prompted a seven percent increase in median home sales — from $163,500 to $174,900.

The tight market has caused Realtors to become more creative than ever.   This includes everything from writing letters to homeowners inquiring on behalf of their buyer-clients to getting creative when writing an offer for a client.

While supply is limited across the board, it’s particularly slim for homes priced below $350,000. In Madison, homes in that price range have less than 1.5 months of inventory, according to the South Central Wisconsin MLS. That’s compared to 1.8 months of inventory for homes in all price ranges. Inventory selection is more plentiful for homes priced between $800,000 - $899,999, whereas homes priced under $200,000, sell in a heartbeat. New home construction should address the supply issue eventually. 

The National Association of Realtor’s has predicted a seven percent increase in new homes this year. Still, at least for the short-term, buyers need to be prepared to move quickly, write strong offers and limit contingencies. I have success in these areas, so if you are looking to purchase and need some help, I am ready!

Thursday, May 3, 2018

Real Estate Bidding Wars?

Across the country, Buyers are frustrated, disappointed and down right mad as the Real Estate market continues to be a Sellers market.  Madison is no different.  In fact, according to Realtor.com, Madison is one of the top 10 markets in the U.S. where bidding wars are heating up.

Here are some Madison statistics according the the recent Realtor.com survey:


Madison, WI

Median home list price: $317,000
Share of homes selling above list price: 40.9%
Increase in the share of homes selling over list price: 73.4%
If you are one of those frustrated home buyers, time to call a Realtor.  We really can help!

Saturday, April 28, 2018

Adorable Westmorland Bungalow!

Take a peek at this adorable bungalow in Westmorland! This gem is the perfect family home in an ideal location! 

Some of its amenities include hardwood floors, a wood burning fireplace in the living room with a gas burning fireplace in the cozy sunroom. It has an updated kitchen with breakfast bar, stainless appliances and tile floors. There are two bedrooms and a full bath on the main level and a wonderful master bedroom and bath with skylights on the 2nd level. 

Enjoy all the neighborhood has to offer, the house is close to parks, Sequoya Commons, Hilldale, and schools. Don't miss this opportunity!

Stop by the Open House on April 29th from noon-2 p.m. and say hello!

Tuesday, April 24, 2018

March 2018 Home Sales

Spring is here, finally!  And with it comes the biggest sales season for Real Estate.  Here are what sold on the near west side of Madison in March.