September 2016 Home Sales

Well, although the weather doesn't seem to be sure these days, we are officially in Autumn!  Typically, a slower time for sales in the Real Estate market.  While the market has slowed a bit as the days become shorter, it is still a brisk market.  And buyer's are still searching high and low for their perfect home!

Here are the homes that sold in September on the near West side of Madison.  If you are thinking of making a move, ow might be a perfect time to start considering!  As always, I'm happy to help!

625 N Segoe Rd Unit 609 Madison, WI

Sold: n/a

1 Bed, 1 Bath	Built in 2006
Sold On 09/07/16	1025 sqft
Price/sqft: n/a

117 Merlham Dr Madison, WI

Sold: $265,000

3 Bed, 1 Bath	Built in 1955
Sold On 09/06/16	1151 sqft
Price/sqft: $230

5320 Lake Mendota Dr Madison, WI

Sold: $850,000

3 Bed, 3 Bath	Built in 2008
Sold On 09/02/16	2647 sqft
Price/sqft: $321

302 N Segoe Rd Unit 102 Madison, WI

Sold: $145,000

2 Bed, 1 Bath	Built in 1967
Sold On 09/02/16	827 sqft
Price/sqft: $175

4137 Hiawatha Dr Madison, WI

Sold: $531,900

3 Bed, 3 Bath	Built in 1938
Sold On 09/02/16	2269 sqft
Price/sqft: $234

109 Craig Ave Madison, WI

Sold: $102,000

2 Bed, 1 Bath	Built in 1951
Sold On 09/02/16	768 sqft
Price/sqft: $133

312 N Segoe Rd Unit 202 Madison, WI

Sold: $112,500

2 Bed, 1 Bath	Built in 1964
Sold On 09/01/16	845 sqft
Price/sqft: $133

1802 Monroe St Unit 14 Madison, WI

Sold: $220,000

1 Bed, 1 Bath	Built in 2006
Sold On 09/01/16	856 sqft
Price/sqft: $257

5610 Old Middleton Rd Madison, WI

Sold: $325,000

3 Bed, 2 Bath	Built in 1895
Sold On 09/01/16	1700 sqft
Price/sqft: $191

208 W Sunset Ct Madison, WI

Sold: $472,000

3 Bed, 3 Bath	Built in 2015
Sold On 09/01/16	2178 sqft
Price/sqft: $217

3621 Spring Trl Madison, WI

Sold: $525,000

3 Bed, 3 Bath	Built in 1930
Sold On 08/31/16	2545 sqft
Price/sqft: $206

1001 Waban Hl Madison, WI

Sold: $515,000

3 Bed, 2 Bath	Built in 1942
Sold On 08/31/16	2033 sqft
Price/sqft: $253

2918 Barlow St Madison, WI

Sold: $271,000

2 Bed, 2 Bath	Built in 1935
Sold On 08/31/16	1488 sqft
Price/sqft: $182

3730 Hammersley Ave Madison, WI

Sold: $315,100

3 Bed, 3 Bath	Built in 1938
Sold On 08/31/16	2288 sqft
Price/sqft: $138

3937 Regent St Madison, WI

Sold: n/a

4 Bed, 2 Bath	Built in 1964
Sold On 08/31/16	2316 sqft
Price/sqft: n/a

Why are Buyers and Sellers Nervous??

2016 has been an unusual year in the Real Estate Market. For buyer's it's been especially tough.

Buyer's are becoming disillusioned because the market is so tight; low inventory and lots of buyer's.  Many have tried to purchase and have been "beat out" by other offers on the same house, which only adds to their disappointment.  In some cases, these buyer's have been trying to get into a house for more than a year!  So why all the cautious behavior?

 

Here's my two cents on why buyer's and seller's are nervous:

When the market fell apart a few years ago, homeowners hunkered down and remodeled or refinanced rather than move.  Now, they either want to stay because of the remodel or it doesn't pay for them to move after a refinance.

 

With the uncertainty in the upcoming presidential election, buyer's and seller's are unsure what the next few years will bring for interest rates and for the economy.  That reasoning has buyer's wanting to get into a house before any unusual or drastic changes happen.  It's the same reason seller's want to stay put; all are uncertain about the future.

Despite all that, it's still a great time to sell a house; seller's are in the driver's seat.  And we haven't seen a slow down in buyer's searching for their perfect house.  

Fall Looks to Continue the Strong Sales Trend of Spring and Summer

Change is in the air! The kids are back at school, the leaves are turning brilliant colors, the air has a slight frosty nip to it and backyard barbeques have been replaced with football viewing get-togethers. Yes, it’s definitely fall in Wisconsin.

Oddly, though, one thing that doesn't seem to be changing very drastically is the state of the real estate market in the greater Dane Country region. Spring and summer home sales were fast and furious. In fact, August home sales in Wisconsin saw the strongest numbers since 2005, with a whopping nine percent jump over August, 2015. In Dane County, our numbers stayed pretty much static compared to last year's home sales, but the median sale price increased by 6.1 percent to $244,000.

As with the past year, home sale prices are being driven up by a lack of inventory in the marketplace. Obviously, this makes autumn a perfect time to list property. And those who are in the market to purchase a home are in luck, too. Not only is it a beautiful time of year to drive around and look at potential new homes, but the current interest rates are incredibly low. According to the Wisconsin Realtors Association, a 30-year fixed-rate mortgage this past August was at 3.44 percent, about a half percent lower than August 2015.

Fall is the perfect time for sellers to consider listing a home.  As always, I'm here to help!

New Restaurants Coming to Monroe St.

Monroe St. is home to some great shopping and restaurants.  Some new neighborhood restaurants will be opening soon:

Everly:
Opening at 2701 Monroe St. - Suite 270, the eatery will offer lunch, dinner and weekend brunch specializing in local and regional meat dishes along with veggies, grains and eggs.

Miko Poke:
Slated to open at 2701 Monroe St. - Suite 250, this will be a Hawaiian-themed restaurant with a gluten and dairy-free menu.  The Poke bowls will feature raw seafood, rice or noodles with special sauces and spices.

The Roman Candle Pizzeria:
2623 Monroe St. A Madison/Middleton favorite has submitted plans to open soon.

Infusion Chocolates:
2503 Monroe St., this Chocolatier is also hoping to open soon to satisfy the sweet tooth of area folks!

Watch for these new restaurants in the coming months.  Yummy!