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!

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!

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!