November 2017 Home Sales

As is typical in the 4th quarter of the year, the Real Estate market slowed a bit, but only in terms of inventory.  Buyer's continued to swarm to new listings is hopes of finding the home of their dreams.  2018 is shaping up to be the same kind of market.

Here's what's sold on the near west side in early November.

730 Chapman St Madison, WI

Sold: $314,900

4 Bed, 2 Bath	Built in 1924
Sold On 11/07/17	1648 sqft
Price/sqft: $191

2130 Regent St Madison, WI

Sold: $365,000

3 Bed, 1 Bath	Built in 1909
Sold On 11/07/17	1088 sqft
Price/sqft: $335

5050 La Crosse Ln Madison, WI

Sold: $369,900

3 Bed, 2 Bath	Built in 1959
Sold On 11/07/17	2640 sqft
Price/sqft: $140

2915 Mckinley St Madison, WI

Sold: $335,000

2 Bed, 1 Bath	Built in 1935
Sold On 11/06/17	1772 sqft
Price/sqft: $189

5002 Manor Cross Madison, WI

Sold: $344,600

4 Bed, 2 Bath	Built in 1960
Sold On 11/06/17	1741 sqft
Price/sqft: $198

506 Edward St Madison, WI

Sold: $382,500

3 Bed, 2 Bath	Built in 1966
Sold On 11/03/17	2044 sqft
Price/sqft: $187

2811 Kendall Ave Madison, WI

Sold: $360,000

4 Bed, 2 Bath	Built in 1875
Sold On 11/02/17	1700 sqft
Price/sqft: $212

Monroe Street Shopping

Monroe Street has traditionally been a wonderful place to shop locally.  Two new stores on the street are adding to old favorites like Katy's American Indian Arts and Orange Tree Imports.

ReFind Style offers vintage and modern clothing and accessories.  The boutique opened a few months ago at 1639 Monroe St. in the spot formerly occupied by Walter Swim and Sun near the Monroe St. Public Library.  Looking to Upcycle?  Check out the unique offerings at ReFind Style.





hive of Madison offers outdoor lifestyle apparel
and accessories for men and women.  Located at 1904 Monroe St., the shop offers selections from Patagonia, Toad&Co, and Lole, to name a few.

These stores are sure to add to the already eclectic shopping experience that is Monroe St.  Be sure to check them out the next time you are on Monroe!

Resolutions Should be Small Tweak

Well, here we are, almost two weeks into the new year.  How are those New Year’s resolutions coming along?  According to Consumer Reports, only 68% of people who make New Year’s resolutions keep them beyond two weeks.  And only nine percent achieve their resolution by the end of the year.  So what’s the deal?

I once heard a coach and speaker say that “success is not a result of a major change or shift, but a result of small, consist tweaks”.  I’m actually paraphrasing, but you get the idea.  Rather than trying to lose 30 pounds, how about starting with one pound?  Instead of cutting out all sugar, maybe start by slowly cutting back?  Rather than trying to run 5 miles on your first day in the gym, perhaps try walking for two?

The same can be said for those looking to buy a house in 2018.  Rather than only looking at houses with two bathrooms, how about looking at a few with a bath and a half?  Or if a fenced yard is a “must have”, maybe a fence could be added. 

For those looking to sell their house, the same rules could apply.  If you really want to close on your house in June, could a May closing work with the right offer?    Is it more important to have fewer buyer contingencies rather than a higher price? 

2018 is shaping up to be another very busy year for Real Estate.  Small modifications and flexibility will be key components for the successful.

As for your New Year’s resolution, maybe try a small tweak instead of a major overhaul.  For me, I plan to do one good deed a day.  So far so good!

THE YEAR FINISHES STRONG BUT WHAT’S IN STORE FOR THE FUTURE?

Winter has definitely arrived and once again it’s a time to reflect on the 
events of the past year, while planning for the future, as well. It’s a time for fond memories and a shrewd assessment of past practices as we enter into a new year.

On the real estate front, we can look back at 2017 quite favorably. While existing home inventory remained tight, home sales through October were up in six of those months over the same periods in 2016. In fact, October’s existing home sales in Wisconsin were up 4.9 percent over last year; sales were up 2 percent. The average home price in Wisconsin continued to rise in October to $175,000, a $10,000 increase over last year. Listings, however, were down 10% over last year to 
the lowest point since 1999.

This trend of low inventory, motivated buyers and increased average home costs has continued throughout the industry for quite a while. However, there may be some change on the horizon if 
October’s numbers are any indication. 

The number of new homes placed on the market rose 4.1 percent in October, compared to October 2016. The increase in supply comes from three sources: foreclosure activity, new construction and, perhaps most importantly, new listings of existing homes. Nationwide, this surge 
puts inventory at a 10-year high. There is hope throughout the industry that this trend will continue into 2018, at least through the spring.

It’s good to see improvement on more listings and hopefully this trend will continue in 2018. As mortgage rates continue to stay low, I encourage buyers to talk with their mortgage lender to get preapproved as they start their home search. This will give them the advantage when ready to place an offer.  If you need recommendations, please contact me!

All the very best in 2018!

Season's Greetings!

September 2017 Home Sales

As we wind down the year, Real Estate sales are not typically top-of-mind.  However, homeowners are always interested in the sales prices of home in the area.  Here's a list of home on the near west side that sold in September.

5339 Brody Dr Unit 202 Madison, WI

Sold: n/a

2 Bed, 2 Bath	Built in 1981
Sold On 09/27/17	1070 sqft
Price/sqft: n/a

506 Toepfer Ave Madison, WI

Sold: $385,000

3 Bed, 2 Bath	Built in 1944
Sold On 09/27/17	1792 sqft
Price/sqft: $215

1130 Pauline Ave Madison, WI

Sold: $205,000

2 Bed, 1 Bath	Built in 1953
Sold On 09/27/17	1414 sqft
Price/sqft: $145

113 Bascom Pl Madison, WI

Sold: $283,300

0 Bed, 1 Bath	Built in 0
Sold On 09/26/17	624 sqft
Price/sqft: $454

55 White Oaks Ln Madison, WI

Sold: $644,900

5 Bed, 5 Bath	Built in 1989
Sold On 09/26/17	7003 sqft
Price/sqft: $92

4322 Somerset Ln Madison, WI

Sold: $349,900

3 Bed, 3 Bath	Built in 1957
Sold On 09/26/17	2090 sqft
Price/sqft: $167

2913 Harvey St Madison, WI

Sold: $395,000

4 Bed, 3 Bath	Built in 1930
Sold On 09/26/17	2779 sqft
Price/sqft: $142

726 Oneida Pl Madison, WI

Sold: n/a

4 Bed, 4 Bath	Built in 1926
Sold On 09/25/17	4853 sqft
Price/sqft: n/a

413 Ozark Trl Madison, WI

Sold: $595,000

4 Bed, 3 Bath	Built in 1974
Sold On 09/25/17	4388 sqft
Price/sqft: $136

2034 Dunn Pl Madison, WI

Sold: $207,000

3 Bed, 2 Bath	Built in 1970
Sold On 09/25/17	1589 sqft
Price/sqft: $130

105 Van Deusen St Madison, WI

Sold: $280,000

2 Bed, 1 Bath	Built in 1902
Sold On 09/25/17	1053 sqft
Price/sqft: $266

78 Merlham Dr Madison, WI

Sold: $350,000

2 Bed, 2 Bath	Built in 1951
Sold On 09/22/17	1677 sqft
Price/sqft: $209

226 S Midvale Blvd Madison, WI

Sold: $275,000

3 Bed, 2 Bath	Built in 1951
Sold On 09/22/17	1405 sqft
Price/sqft: $196

2001 Sundstrom St Madison, WI

Sold: $175,000

3 Bed, 1 Bath	Built in 1959
Sold On 09/21/17	912 sqft
Price/sqft: $192

Wonderful Home in Waunakee

Check out this beautifully maintained ranch home perfect for a young family or those downsizing. Open floor plan with large kitchen that expands into wonderful, light-filled sun room with vaulted ceiling and skylights, perfect to enjoy all four seasons. 

This home offers a generous master bedroom with updated master bath plus two additional bedrooms and bath on the main level. A partially finished lower level is great space for kids, grandkids or guests. Delightful landscaped yard with paver patio all in a wonderful location just steps to Prairie Elementary School and close to downtown for enjoying all Waunakee has to offer. 

If you are looking for a home in Waunakee, this might be just the place!  Contact me for more details.