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Mad City Dream Homes Real Estate Blog, Madison WI

It's only February 15th, but the hot Spring real estate market has officially arrived to Madison, Wisconsin. Talk to any local REALTOR and they will tell you that the competition is fierce for a limited supply of properties. Our latest market data provides some great insight into the current inventory, sales, and price trends in Madison. 

Madison WI Real Estate Market Feb 2018

The Madison single family home market

Here's a quick overview of the Madison single family home market. 

Single family home inventory

Single family home supply continues to trend toward new historic lows. Right now there are only .7 months of supply available for sale on the MLS  - down from .9 months at the same time last year. Active MLS listings are down 25% from a year ago, and an amazing 52% of all

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Buying a home is a several step process, and it begins before you even look at potential properties. Laurie Ellis-Mcleod, president of AERIE Preferred Financial Group, offers 6 tips to prepare you to buy this spring:

1. Don't dip into your retirement funds.  "You can't finance retirement. You need to rethink your plan to buy if you have to dip into your IRA or 401K to make it happen," says Laurie.

2. Watch your spending.  You don't want to hurt your credit during this crucial time. Avoid the temptation to close an account, open a new one, or make a large purchase. Your lender will be looking at all of these things, and any one of them could negatively impact your credit score.

3. Make sure you understand the full cost of ownership. Talk with your

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In  2017 our real estate team helped 45% of our Madison area home-selling clients receive multiple offers on their listing. In 2018, our clients are way ahead of that pace with one recently receiving a whopping 14 offers to purchase. Great things happen when sellers receive multiple offers. Below are 5 reasons why we aim to attract competing offers for each and every sale. 

Advantages of Multiple Offers 

5 reasons to attract multiple offers

#1: Multiple offers help sellers attract the highest possible price. Just like an auction, the price goes up when buyers compete against each other. 

#2: Cash offers are more common when buyers compete. Heavy competition greatly increases the odds that one or more buyers will submit an offer without a financing contingency. For those

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The snow today comes with perfect timing. The City of Madison Parks Department is hosting Snow Glow 2018 at Elver Park, from 1:30-8 p.m. Bundle up, bring all ages, and prepare for a fun afternoon of exploring all kinds of outdoor fun. The events are free, and some require registration. Check out their official site to learn more. 

Beginning at 1:30, there will be a snow shoe workshop for eager explorers.  REI and Aldo Leopold Nature Center will be on hand to discuss the gear required, and a limited quantity of snow shoes will be available for visitors at no cost. 

At 3:00, a learn to cross country ski workshop will begin. Visitors are encouraged to bring their own gear for this event, but some rentals are available in the warming shelter. Sit-skis

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Thinking of selling your Madison area home or condo in 2018? Below we share 10 short articles for your perusal. Each article offers plenty of practical, no-nonsense advice. Read on for some of our best home-selling tips. 

2018 Madison Home and Condo Selling Tips 

10 articles for Madison area home and condo sellers

#1: Our top 5 home improvement projects for increasing your home's value

Usually it's the simple home improvement projects that provide the biggest benefit. In this article we share our top 5 ways to increase your home's value on a budget. All 5 of these inexpensive projects offer a great return on investment. 

#2: How to protect your listing from a low appraisal

Low appraisals are relatively common in a fast-rising market and are the number one cause of canceled

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Built into a hillside and surrounded by trees, every room of the secluded home at 7315 Mellum Road, Arena, has a view.

This naturally-inspired house was designed by Marcus Weston, an apprentice of Frank Lloyd Wright, who incorporated built-in cabinets and corner windows -- hallmarks of FLW's school of thought. Though both architects are now deceased, they had strong ties to nearby Spring Green. And they're not alone.

In the seventies, UW-Madison grads Chris and Deb Pape often drove by the property in Arena and found themselves thinking, "Oh, wouldn't it be nice to live there."

Decades later, after moving to the east coast and Racine, starting a family, and frequently taking vacations to the American Players Theatre in Spring Green,

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Ice-skating, hockey, sleigh rides and snow shoeing can all be part of your weekend plans. The Frozen Assets Festival on Lake Mendota offers the perfect opportunity to try something new, and gain a new respect for the lakes that make Madison beautiful year round. Hosted at the Edgewater, the festival includes both outdoor and indoor activities. The Clean Lakes Alliance sponsors the festival, which includes all kinds of free and low cost opportunities to enjoy the frozen lake, and learn new skills. While admission to the festival is free, the weekend is also a fundraiser. The Clean Lakes Alliance is a non-profit organization dedicated to improving the water quality of the lakes, streams and wetlands of the Yahara River watershed. Funds raised through

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There's a possibility that we'll see snow this weekend, and no one could be happier about it than the organizers of Madison's Winter Festival. The Festival is an annual tradition in its 14th year. It features many ways to enjoy winter weather, with room for both beginners and experienced participants.  The festival moved from downtown Madison to Elver Park last year, where the cross country ski trails, ice skating rink and large hill make a perfect venue. In the absence of snow, Elver Park also has the advantage of snow-making machines, to ensure a successful event.

Last year- the festival landed on an unseasonably warm weekend. This year, it's cooler, and the forecast looks more promising. In any event, there will absolutely be snow. The Winter

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We've been meaning to address this topic for awhile because there are some buyers in the Madison area who are trying to purchase a home or condo by working directly with the listing agent. Rather than hire a good buyer agent, these buyers are searching for properties online and then calling listing agents to schedule a private showing. Although this approach sounds simple in theory, it usually doesn't work. Below we share a few reasons why you shouldn't try to buy a home directly through the listing agent. 

Madison Home Buying Tips

Why you shouldn't try to buy a home through the listing agent

#1: Your search usually isn't focused on the right properties. If you're doing your own property searches online, then chances are you are focusing on many of the wrong listings.

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Last year we helped 50 Madison area clients sell their home, condo, or investment property. It was a good year for business, and a great year for results. In 2017 we were very focused on helping our clients sell for the highest possible price and in the shortest amount of time. Here are some of the strategies we used to achieve these results in 2017. 

Mad City Dream Homes - Home Selling Performance

Selling listings quickly and for a high market price

#1: Establish a "no budget" policy for each marketing plan. 

In other words, each listing receives its own customized marketing plan designed to produce the best results. We're huge believers in planning, preparation, and the creative process. Great things happen when we collaborate and get creative with our clients. 

#2: Implement

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