Madison, WI Real Estate News

By Michael Collins, CDPE, SFR , Wisconsin Short Sale Specialist Realto
(*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent*)
Are you looking for a large Madison Wisconsin home for less than $300,000? Click on the map below for the current Madison, WI residential listings that are more than 3,000 square feet, but listed for less than $300k. As you can see from the map, the houses for sale range in location from Madison's West side to East side, North and South. Here is an example mortgage principle & interest payment for a $300,000 home. Consult your lender for exact figures at current rates. Purchase Price: $300,000 5% Down Payment = $15,000 Mortgage Rate: 3.75% 30 Yr Fixed Principle & Interest: $1,320 View Detailed Report Madison Wisconsin Homes for sale with over 3000 s/f
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
We are just getting started with the summer, but for this year's real estate market we are already well into the second half of buying season. This graph paints a good picture of how buyer activity changes from month-to-month. As the graph shows, the number of accepted offers decreases in July - well below the levels from the peak months of March, April, May and June.   (A note for sellers: Now is the time to ensure your pricing and your marketing are on the mark. The month of July sill offers a good window of opportunity with a large supply of buyers, but that window will be closing fast.) The good news for sellers is many July buyers do have a sense of urgency. A large percentage of the buyers in July will need to close by the end of the summer, as this graphic makes clear.     You ca...
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By Michael Collins, CDPE, SFR , Wisconsin Short Sale Specialist Realto
(*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent*)
It isn't often that you can find a nice 3 bedroom home for under $120,000 in Madison Wisconsin. Due to the recent economic recession, today there are currently over 50 options for you! Click on the map below to see these active MLS listings. You might be wondering how much a mortgage payment would be on a one hundred and twenty thousand dollar house. Let's say that you were able to come up with a 5% down payment. For a home at this price, that's $6,000. Today's mortgage rate is around 3.75%.  This leaves a principal and interest payment of only $528 per month! There are other things to factor in, including taxes, home owner's insurance, and any private mortgage insurance, but you get the idea. This is much cheaper than rent! In fact, many of these three bedroom Madison homes would make ...
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
According to our recent review of MLS data, the peak year for Dane County condo prices was 2005. In 2011, the average Dane County condo sold for 19.7% less than its 2005 value.   * Note, the 2009 and 2010 data are affected by relatively small sample sizes.   The results of our analysis include the following: The peak year for Dane County condo prices was 2005. Condo values in 2011 decreased by 19.7% from 2005.   The average condo in our analysis sold for 16.1% less in 2011 when compared to its previous sales price. The average bank-owned condo sold for 36.1% less in 2011 when compared to its previous sales price. The average short sale condo sold for 24.4% less in 2011 when compared to its previous sales price. Condo prices have decreased in all locations throughout Dane County. You can...
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
The Dane County Distressed Property Index was 24.8% in May. May was the fifth month in a row with a reading below 30%. Here's how the distressed property index has been trending since 2006. This is a positive sign for our market, but we expect the index to remain at elevated levels through at least 2013. That's because Dane County foreclosures have been quietley increasing this year. If you are interested in purchasing a distressed property, we have five foreclosure search tools to assist you with your bank owned (REO) and short sale property search. All five tools are available on our property search menu as well as our foreclosures menu at DaneCountyMarket.com. Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Attention Madison FHA Loan Homeowners! New FHA Streamline Program is now available!! If you currently have a FHA loan that closed before March 2009 - You may be eligible for a FHA streamline refinance loan that will not require an appraisal. If you think you may be upside down on your mortgage but you make your payments on time you can take advantage of this money saving program and historically low rates. This FHA program is limited – act quickly. These FHA streamlines also have lower fees and some have no fees at all. This is your time to take advantage of the lowest rates Madison Wisconsin residents have seen in a long time. Do not hesitate, please call my office at 920-623-9245 for a no obligation mortgage analysis. If we can save your money we will come out to your Madison area home.
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
We've added a new feature to our real estate marketing plan: custom web site development. A custom web site can enhance your home or condo's marketing in a number of important ways: It allows you to highlight an unlimited number of pictures for your listing. It allows you to say as much as you need to say about your listing. The MLS description in our market is limited to 512 characters in length. With a custom web site, there is no limit on the length of your description. It allows you to effectively communicate key themes about your property. For example, it allows the seller of a luxury home to fully describe every amenity and feature, giving prospective home buyers many reasons to schedule a showing. It allows you to target key Google search terms, making it easy for home buyers to ...
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Here's a review of May Dane County home sales from a historical perspective. The 482 Dane County home sales recorded in May were 18.4% higher than the 407 home sales in May of 2011, representing the second highest total for any May over the last 5 years. The only May to log a higher total in the last 5 years was May of 2010, with a total of 537 sales. The surge in sales in May of 2010 was due to the many buyers who rushed to take advantage of the last home buyer tax credit, which expired at the end of June in the same year. Here's a review of May Dane County condo sales from a historical perspective. The total of 120 Dane County condo sales recorded in May was 36.4% higher than the 88 condo sales from May of 2011. With the exception of last May, condo sales this May were the lowest out ...
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By Laura S. Baker, Realtor (920) 728-4118, First Weber Inc
(First Weber Inc)
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Dane County housing starts increased from 64 in May of 2011 to 81 this May, a jump of 26.6%. As the graph below shows, housing starts this May were the highest for any May in the last 5 years. We believe housing starts will continue to rise this year, based on trends in the larger market. Locally, we are seeing a noticeable increase in the number of people who are opting to build. You'll find our full Dane County housing start report on the Market Trends menu at DaneCountyMarket.com. Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www.OurRecentSales.com www.DaneCountyMarketSnapshot.com www.SearchDaneCounty.com www.DaneCountyForeclosureSearch.com
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Dane County foreclosures increased in May, for the fourth month out of the last five. May foreclosure filings increased by 2% from the number of filings registered in May of 2011, according to data maintained by the Wisconsin Circuit Court. A total of 102 new foreclosures were filed in May compared to 100 filings a year ago. The graph below shows the number of foreclosures for every May dating back to 2004. As the graph shows, foreclosures remain at historically high levels.   Foreclosures in 2012 are currently ahead of last year's by pace by 10.1%.   For our full Dane County foreclosure report, please see the new foreclosures menu at DaneCountyMarket.com . Our report also has information on foreclosure filings for the State of Wisconsin. If you are interested in buying a foreclosed hom...
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Dane County condo sales (excluding houses) are slightly ahead of last year's pace through the month of April, but our latest Dane County pending condo sales report predicts the sales pace will accelerate in June. As the graph below shows, the number of listings with accepted offers is up by 59% from the same time last year.  Note: our final May condo sales numbers are not available yet, but condo sales in May will prove to be well above last year's total. Stay tuned for more market updates coming very soon. Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com. www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www.OurRecentSales.com www.SearchDaneCounty.com www.DaneCountyForeclosureSearch.com
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Dane County home sales (houses, excluding condos) are up by 22% this year. Our latest Dane County pending home sales report predicts the rise in sales will continue in June. As the graph below shows, the number of listings with accepted offers is up by 43% from the same time last year.  Stay tuned for our pending condo sales report, which will be released very soon. Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com. www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www.OurRecentSales.com www.SearchDaneCounty.com www.DaneCountyForeclosureSearch.com
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By Michael Collins, CDPE, SFR , Wisconsin Short Sale Specialist Realto
(*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent*)
Here is today's market listings update for Active short sale single family homes located in Madison Wisconsin. This information was pulled from the South Central Wisconsin MLS on 6/4/2012 at 10:30 A.M. 58 total short sale single family homes are listed in Madison, WI Low listing price: $70,000 High listing price: $650,000 Average listing price: $193,646 Median listing price: $179,950 Average days on the market: 165 Of course these numbers change on a daily basis, so to obtain the most up to date information on current short sales for sale, please contact us directly at 608-921-8536. We would be happy to customize the search further for you to find the home that is just right for you. As an extra benefit to Rock Realty home buyers, we offer a 1% broker commission rebate after closing. T...
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By Michael Collins, CDPE, SFR , Wisconsin Short Sale Specialist Realto
(*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent*)
5413 Brookshire Ln Madison, WI 53714 Four Bedroom Short Sale Ranch, Eastside Madison Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Michael Collins Office:877-774-7625 Mobile:608-921-8536 Website:Visit Website Price : $120,000 Bedrooms : 4 Bathrooms : 2.5 Square Foot : 2,631 Lot Size : 9,478 County : Dane Property Type : Detached Year Built : 1980 MLS Number : 1640913 click for more information and pictures Property Description Be the new owner of this large 4 bedroom Eastside ranch. Master bath and walk-out basement with a raised deck overlooking the back yard. All offers subject to lenders approval of Short Sale. Equal Housing Opportunity. Rock Realty : PO Box 1361 - Janesville WI 53547 : 877-774-7625
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
It's a better year for Dane County sellers because more people are buying this year. Another big reason is fewer Dane County listings are on the market. As the graph below shows, Dane County home and condo inventory is the lowest it's been since 2005.   Of course every market is unique - by neighborhood, by price range, and by property type. Some markets are strong sellers markets right now, while others remain very strong buyer markets. For example, the market for homes priced under $250,000 on Madison's near west side is a hot sellers market, while the market for any condo in Madison remains a strong buyers market. Do you have questions about selling your Madison home or condo? Please contact us, and we'll be happy to provide you with a no hassle consultation. Dan Miller, Realtor, Kel...
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By Michael Collins, CDPE, SFR , Wisconsin Short Sale Specialist Realto
(*ROCK REALTY|Broker|Realtor|Real Estate|WI Short Sale Agent*)
The Wisconsin housing statistics are now in for April of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say: “The strong pace of existing home sales continued, with 10 straight months of double-digit sales growth. Home sales rose 19.5 percent in April 2012 compared to April 2011, according to the most recent monthly report by the Wisconsin REALTORS® Association (WRA). Home prices were also up for the second straight month, rising 2.4 percent to $128,000 in April compared to April 2011." “After several years of a stagnate housing market, it’s encouraging to see sustained growth in home sales, especially as we enter the summer, which is the prime season for home sales in the state,” said Rob Keefe, Chairman of the WRA board of directors. The WRA says an...
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
The Dane County Distressed Property Index was 25.6% in April. April was the fourth month in a row with a reading below 30%. Here's how the distressed property index has been trending since 2006. If you are interested in purchasing a distressed property, we have five foreclosure search tools to assist you with your bank owned (REO) and short sale property search. All five tools are available on our property search menu as well as our foreclosures menu at DaneCountyMarket.com. Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www.OurRecentSales.com www.SearchDaneCounty.com www.DaneCountyForeclosureSearch.com
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Is your home sitting on the market? Buyer activity is at its seasonal pick right now, but very soon it will begin to subside as it always does each summer. Your window of opportunity for taking advantage of the Spring market is closing fast, which means it's time to check your marketing and your pricing. Contact us for a no obligation consultation. We can help you sell your home quickly and at a high market price. In this young year we have 45 clients who have successfully closed or will be closing soon.   Click to Contact the DaneCountyMarket.com Real Estate Team   Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www.OurRecentSales.com www.DaneCountyMarketSnapshot.com www.SearchDaneCounty.com www.DaneCountyForeclo...
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By Dan Miller, Helping you Buy and Sell in Madison, Wisconsin
(RE/MAX Preferred, Madison, Wisconsin)
Dane County housing starts increased from 66 in April of 2011 to 81 this April, a jump of 22.7%. As the graph below shows, housing starts this April were the highest for any April in the last 4 years. We believe housing starts will continue to rise this year, based on trends in the larger market. Locally, we are seeing a noticeable increase in the number of people who are opting to build. You'll find our full Dane County housing start report on the Market Trends menu at DaneCountyMarket.com. Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com www.HowWeHelpYouSell.com www.HowWeHelpYouBuy.com www.OurRecentSales.com www.DaneCountyMarketSnapshot.com www.SearchDaneCounty.com www.DaneCountyForeclosureSearch.com
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