Madison, WI Real Estate News

By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Week Ending  18-Aug               Inventory   2008 2007 %Change   Downtown Houses 28 30 -7%   Downtown Condos 222 251 -12%   West Houses 809 770 5%   West Condos 930 932 0%   East Houses 564 605 -7%   East Condos 463 444 4%   Total Houses 1401 1405 0%   Total Condos 1615 1627 -1%   Grand Total 3016 3032 -1%           Market Indicators                   UWCU 30 Mortgage Rate 6.63% 6.63% 0%   Keller Williams Listings 453 730 -38%   # of showings on KW Listings 66 170 -61%   3 week trend 70 157 -55%   6 week trend 84 175 -52%   % of listings with showings 14.57% 23.29% -37%   Av DOM for KW Listings 211 152 39%
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By Real Estate Guy in Madison, Wisconsin, Real Estate Guy
(Powered by: Real Broker LLC)
I have charted the monthly sales of single family homes in Madison Wisconsin. (not condos)   For comparison, I used 2007 figures.   Here is what I found:-   The July 08 figure is a bit scary although this was taken August 10 and more sales may yet be reported. But I do think that this figure is the result of a very slow May to June.  I have noticed that buyers were more active in July and August.   What are your thoughts?
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By Matthew Costello, Bringing Buyers & Sellers Together
(Real Broker LLC)
Join our exclusive Madison business networking group (www.MadCityReferrals.com) to increase your business by sharing quality referrals. We are the free referral networking group for the greater Madison, WI area. Our members trade highly qualified referrals leads with others members within the group. Network members benefit from referrals by getting a new, reliable source from which to draw business. We invite you to learn more about us. Please contact us at 608-661-7019 to get more information or apply to join this Yahoo group and attend one of our quarterly meetings as our guest. We offer members the opportunity to share ideas, contacts and most importantly, business referrals. As a member you will be able to add your service to our database that all members may access and post message...
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By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Week Ending  11-Aug               Inventory   2008 2007 %Change   Downtown Houses 28 31 -10%   Downtown Condos 216 251 -14%   West Houses 805 777 4%   West Condos 929 939 -1%   East Houses 551 599 -8%   East Condos 460 431 7%   Total Houses 1384 1407 -2%   Total Condos 1605 1621 -1%   Grand Total 2989 3028 -1%           Market Indicators                   UWCU 30 Mortgage Rate 6.75% 6.63% 2%   Keller Williams Listings 444 718 -38%   # of showings on KW Listings 74 133 -44%   3 week trend 84 167 -50%   6 week trend 87 185 -53%   % of listings with showings 16.67% 18.52% -10%   Av DOM for KW Listings 213 152 40%
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By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Month Ending  June 2008                   Inventory   2008 2007 %Change     Downtown Houses 33 34 -4%     Downtown Condos 205 286 -28%     West Houses 801 793 1%     West Condos 937 940 0%     East Houses 579 569 2%     East Condos 429 429 0%     Total Houses 1413 1396 1%     Total Condos 1571 1655 -5%     Grand Total 2985 3051 -2%               Market Indicators                       UWCU 30 Mortgage Rate 6.63% 6.63% 0%     Overall MLS closings (pre-revised*) 368 571 -36%     Last month MLS closings revised 446 534 -16%     Keller Williams Listings avg 441 634 -30%     # of showings on KW Listings 446 979 -54%     Showings per listing 1.01 1.54 -35%     Av DOM for KW Listings 210 153 37%               *A high % of closings happen on the last day and may not be refected in the d...
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By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Week Ending  4-Aug               Inventory   2008 2007 %Change   Downtown Houses 28 32 -13%   Downtown Condos 208 251 -17%   West Houses 792 785 1%   West Condos 926 942 -2%   East Houses 563 589 -4%   East Condos 439 428 3%   Total Houses 1383 1406 -2%   Total Condos 1573 1621 -3%   Grand Total 2956 3027 -2%           Market Indicators                   UWCU 30 Mortgage Rate 6.63% 6.63% 0%   Keller Williams Listings 443 714 -38%   # of showings on KW Listings 71 167 -57%   3 week trend 88 198 -55%   6 week trend 92 192 -52%   % of listings with showings 16.03% 23.39% -31%   Av DOM for KW Listings 210 153 37%
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By Real Estate Guy in Madison, Wisconsin, Real Estate Guy
(Powered by: Real Broker LLC)
EVP Coffee, Madison Wisconsin, I was out and about in Madison Wisconsin today, had a spare hour so i stopped in at a new (to me) Coffee shop. I was very pleasantly surprised to see a spacious yet quiet and comfortable place.  It was busy and I soon found out why.  The coffee is strong, much more so that the run of the mill shop.  So much so that the coffee tender, Paul offered to dilute it.  It was very nice. Apparently they Roast their own beans on the East Madison location. I decided to head to an outside sitting area where my phone calls would be less annoying.  (note to self - do this again because I get more calls done!!) I found that EVP has 4 Madison locations and is a real progressive employer, that they don't hire many people because employees don't leave, they are well paid an...
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By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Week Ending  21-Jul               Inventory   2008 2007 %Change   Downtown Houses 33 35 -6%   Downtown Condos 208 303 -31%   West Houses 797 789 1%   West Condos 940 944 0%   East Houses 581 570 2%   East Condos 421 439 -4%   Total Houses 1411 1394 1%   Total Condos 1569 1686 -7%   Grand Total 2980 3080 -3%           Market Indicators                   UWCU 30 Mortgage Rate 6.75% 6.75% 0%   Keller Williams Listings 436 614 -29%   # of showings on KW Listings 86 225 -62%   3 week trend 89 204 -56%   6 week trend 99 196 -49%   % of listings with showings 19.72% 36.64% -46%   Av DOM for KW Listings 211 190 11%
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By Matthew Costello, Bringing Buyers & Sellers Together
(Real Broker LLC)
e-property search! Here's how it works: Our e-property search is updated EVERY HOUR and instantly sends email messages to our Buyers, alerting them when a house that fits their needs is for sale. In order to benefit from this feature, just provide a short bit of information below. No more needless searching on the Internet or calling on signs. This service simple, fast, direct and tailor-made for YOU. You'll soon be ahead of the home buying curve. Our clients are raving about it!
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By Matthew Costello, Bringing Buyers & Sellers Together
(Real Broker LLC)
MadCityDigs Introduces fleet Vehicle for Our Clients Use !   "We Help You Move... Literally"   Yet Another Reason to Use the MadCityDigs Team!
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By Matthew Costello, Bringing Buyers & Sellers Together
(Real Broker LLC)
  Madison's Premier Real Estate Team (Specializing in the Greater Madison and surrounding areas) Choose the MadCityDigs Team in your next step to Selling or Buying a home today! =   digs n. living quarters, a residence [syn: a home, house, condo, dwelling, pad, lodging]
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By Matthew Costello, Bringing Buyers & Sellers Together
(Real Broker LLC)
MadCityDigs.com has teamed up www.MadTownMortgage.com to make it easy to get pre-approved for your home purchase today! Bill Quigley, your local home financing specialist will help you get the best mortgage that fits your credit, your goals, and most importantly, your dreams.  Call Bill Now 608-831-HOME (4663)    Click on the "Mortgage Application" below and let's get started on your secure Pre-Approval! Listen to Bill's Weekly Radio Show: Your Home-Your Money Mortgage & Real Estate, Saturday mornings at 9AM on 1670 AM "The Pulse". ! Email Bill with any mortgage or real estate questions at bill@madtownmortgage.com 
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By Matthew Costello, Bringing Buyers & Sellers Together
(Real Broker LLC)
Search The MLS Now! 
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By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Week Ending  14-Jul               Inventory   2008 2007 %Change   Downtown Houses 36 35 3%   Downtown Condos 217 309 -30%   West Houses 805 791 2%   West Condos 955 920 4%   East Houses 592 564 5%   East Condos 431 428 1%   Total Houses 1433 1390 3%   Total Condos 1603 1657 -3%   Grand Total 3036 3047 0%           Market Indicators                   UWCU 30 Mortgage Rate 6.38% 6.75% -6%   Keller Williams Listings 439 611 -28%   # of showings on KW Listings 97 155 -37%   3 week trend 95 186 -49%   6 week trend 107 197 -46%   % of listings with showings 22.10% 25.37% -13%   Av DOM for KW Listings 209 187 12%
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By Real Estate Guy in Madison, Wisconsin, Real Estate Guy
(Powered by: Real Broker LLC)
MAdison Wisconsin I must admit, late May and June were very slow and I was getting a little worried about paying the bills and looking after my team and my family.  I am sure this does not fetch many pangs of sympathy from those outside of the industry who feel that Realtors are Rich.   Fact is that many of these Rich Realtors have not had a closing in months and even experienced Realtors are getting out of the business or taking part time jobs.  I am committed to my clients, my team and to Real Estate.  Yes I was a little scared, not having a deal accepted in about 6 weeks, but my team kept on doing the right things, collecting listings, working them etc.  Then in the last week of June, bam!!!, 4 offers accepted, then another the next week.  Before i could see the number of showings wa...
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By Brent Sainsbury
(www.MadRelo.com, www.EnlighteningRealEstate.com)
       Week Ending  7-Jul               Inventory   2008 2007 %Change   Downtown Houses 36 36 0%   Downtown Condos 214 323 -34%   West Houses 807 801 1%   West Condos 915 948 -3%   East Houses 581 546 6%   East Condos 417 422 -1%   Total Houses 1424 1383 3%   Total Condos 1546 1693 -9%   Grand Total 2970 3076 -3%           Market Indicators                   UWCU 30 Mortgage Rate 6.50% 6.63% -2%   Keller Williams Listings 444 619 -28%   # of showings on KW Listings 85 231 -63%   3 week trend 99 195 -49%   6 week trend 113 195 -42%   % of listings with showings 19.14% 37.32% -49%   Av DOM for KW Listings 205 185 11%
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By Real Estate Guy in Madison, Wisconsin, Real Estate Guy
(Powered by: Real Broker LLC)
  Super Lake Property,  A double lot on Lake Waubesa , Just 5 minutes to Madison Wisconsin.    Yes we have 100 Ft of flat frontage, with clear 120 degree views of Lake Waubesa from Cristies to the south end of the lake. Enjoy beautiful sunrises from your bedroom deck or late night views from your hot tub. Dock your boat on the 50ft jetty and use it at your leisure.        The home, a very spacious 4 bedroom, 2.5 bath home is well updated and takes full advantage of the lake views.     Special features include 2 fireplaces, huge family room with pool area, dry bar and fireplace.  An adjacent patio door leads to a patio ideal for entertaining.  Family room views and fireplace.   Upstairs, the master bedroom has a bathroom with a double vanity and shower.  Yes this home is 2400 sq feet.  H...
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By Heidi Uhrig
(Glass Slipper Homes, LLC)
Summer is here and it is hot!  I can hear the screams of joy by some and the sighs of disgust by others.  For many this is the time of year that their electricity bills soar as they run their air conditioner units almost 24/7 in an attempt to keep their Madison homes cool.  Unfortunately, as the fuel prices rise so does the electricity costs, making it even more costly to stay cool.   Between the oil, gas and electricity expense, many Madison homeowners are feeling a bit pinched financially.  I therefore wanted to share some ways to keep your home cooler while saving some money and minimizing your impact on the earth's atmosphere. (Yeah a chance to be green!) Some passive cooling techniques for your Madison home: 1. Try to prevent the heat from entering your home.  On very sunny days, k...
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By Heidi Uhrig
(Glass Slipper Homes, LLC)
Summer is the time of year that so many people in Madison plan their annual vacations.  They pack up the car and drive to those sought after destinations that seems to be offering the most fun or relaxation.  As you probably know, the fourth of July is usually one of the biggest vacation weekends and weeks of the year.  Things are going to be different for many Madison homeowners and residents this year as they take a closer look at their gas expenditures and look for some fun and relaxtion a little closer to Madison.  Luckily, we live in a fantastic city, that really knows how to throw an AMAZING fourth of July celebration!  So feel good about staying home, saving money on gas, being green and having a WONDERFUL time right here in your hometown.   Take a quick look at some of the upcom...
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