Monday, October 16, 2017

Surprising Summer Home Sales

It’s no secret there is a shortage of homes for sale in the Madison-area market. According to a sample of Madison real estate market reports, active home listings were down somewhere between 10-15% in August compared to the same month last year. 

However, this did not stop buyers. Home sales - in a seemingly impossible twist - actually increased! In fact, home sales set a record this past August, ending up 0.6% ahead of August 2016. The Wisconsin Realtors Association (WRA) says August 2017 is now the strongest August for home sales since they retooled their tracking methods in 2005. 

Year-to-date home sales are also at their apex. Since January, 55,588 homes have sold throughout the state. It is definitely a great time to list your home. With only 1.8 months of inventory in the Madison market, active and future buyers are strongly advised to speak with their lender  so they can act quickly when the time comes. 

It’s not enough for a buyer to simply want to own a home in or around Madison. They need to strongly consider exactly where within the area they would most like to be. I have the tools to help guide you through the entire process. As a native Madisonian, I am knowledgeable on the neighborhood amenities, walking paths, schools and other considerations to guide you to an informed decision. 

At the present time, the market doesn’t show signs of slowing down, and autumn would be a perfect time to list a home. Buyers shouldn’t despair about the low inventory. The rising home costs are indicative of Wisconsin’s strong economy. 

Monday, September 11, 2017

A Poem as Lovely as a Tree...

I think that I shall never see, a poem as lovely as a Tree...

Those are the opening words of a poem entitled "Trees" by Joyce Kilmer.  Those words, the entire poem in fact, are part of a larger piece of artwork lovingly knitted by the owner of a house in Westmorland on Madison's west side.

For several years, the tree in the parkway near the street was dressed in a "tree sweater", also knit by the homeowner.  Walkers, bikers, joggers and all sorts of passersby would stop and photograph and admire the artwork.

Recently, the old, worn and faded sweater was removed and a new glorious and brilliant replacement was wrapped around the tree trunk and branches.  It offers the owner a bit of brightness on cold and dreary winter days.  It offers the same to those who wander by and see the loviless that is is.  One admirer said it was as if the artist is filling the hearts of all who pass by.

What a wonderful thing! I couldn't agree more.

Tuesday, September 5, 2017

Fall is in the Air

Another summer is winding down and the distinct scent of fall will soon permeate the air. 

Unlike the change of seasons, though, there doesn’t seem to be a lot of change in store for Wisconsin’s real estate market. If we take a look back at what the market reports show for this past July in Dane County, we’ll see that housing inventory remained exceedingly low. Because of the lack of homes listed, July of 2017 had fewer sales than in 2016. In fact, sales for July dropped for the second year in a row, down 5 percent from 2016 and 7.5 percent compared to 2015. 

However, the average home price has surged in July, up 5.9 percent to $329,000 compared to 2016. For a few years now it’s been the same story: low supply and high demand continues to drive prices up throughout the state. People are indeed still looking, buying and moving.

So summer may be coming to a close, but it's certainly not the end of the Real Estate buying and selling season in Madison.  I'd be happy to help if you are considering purchasing a new home or selling your current one...or both!

Thursday, August 24, 2017

GLEAM: Art in a New Light

Catch a glimpse of wonderfully illuminated artwork at GLEAM: Art in a New Light.  In it's third year at Olbrich Botanical gardens, the event features artists from around the Midwest with light installations to showcase their artwork all within the beautiful landscape of the Botanical Garden.  The event is one of the most spectacular our city offers.

David Wells, GLEAM  Artistic Director has this to say about the 2017 installation, "2017 is our most ambitious illumination of Olbrich Gardens yet. Artists chosen come from Wisconsin, Nebraska, Missouri, New Jersey, and Germany bring various and stunning approaches to how light will be used to transform the gardens and conservatory, stimulating curiousity, wonder and enchantment."

GLEAM runs August 28th-October 28th.  You won't be disappointed!

Friday, August 11, 2017

June 2017 Home Sales

The fast paced seller's market that began in early spring continued into the summer.  As the summer comes to a close, however, the market has slowed.  

It's still a seller's market and inventory is still tight, but buyer's have backed off.  Why?  It's hard to say.  It could be summer vacations, weddings to attend, class reunions, or other events that make for a busy summer.  I also believe that buyer's are frustrated and many have decided to take a break.  Whatever the reason, those buyer's will be back!

If you are wondering what has sold in the last several weeks, check out the properties below.