Market Conditions in Madison : Questions & Answers

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Mark Gladue, Real Estate Pro in Madison, WI
Mark Gladue answered:
We are looking to relocate to downtown Madison for retirement in 5 years. Is the rental in a condo/townhouse enough to cover expenses?
Hello,

Downtown Madison is a great place! When choosing a condo it will be important to know what the rental policy is that has been created by the Association. Rentals are extremel ... more
0 votes Share Flag Fri Jul 27, 2012 Market Conditions in Madison
Paul, Real Estate Pro in Dane County, WI
Paul answered:
5323 Brody Drive #103, Madison WI 53705
Are there specific questions you have?

I would be happy to set up a showing appointment, review the property and conduct the due diligence required when considering the purchase of a ... more
0 votes Share Flag Tue Apr 24, 2012 Market Conditions in Madison
Keith &…, Real Estate Pro in Verona, WI
Keith & Kinsey Schulz answered:
Where is your local market headed? Has it turned the corner? Headed Up? Down? Flat?
Here's my thoughts on the Madison, WI area: http://wp.me/p1dbYY-7V I think we'll see some improvement in pricing and sales this year. :)
0 votes Share Flag Sat Feb 4, 2012 Market Conditions in Madison
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
What do you expect from your home & condo markets in Aug & Sept? I expect stronger home sales & weaker condo sales based on pending sales
Here in NH home sales are steady, condos have taken a large hit in prices as Single Families became more affordable, condos priced at or below market value are selling at a good pace. N ... more
0 votes Share Flag Mon Aug 1, 2011 Market Conditions in Madison
Donna Hermsen…, Real Estate Pro in Madison, WI
Donna Hermsen & Dan O'Brien answered:
can I find assessed vs sale price of lake homes?
Hello Michael,
If the homes are in Madison, you can go to CityofMadison.com and find this information under "Property Lookup".
Any questions as to where to find this info, j ... more
0 votes Share Flag Sat Apr 30, 2011 Market Conditions in Madison
Seth Peterson, Real Estate Pro in Madison, WI
Seth Peterson answered:
Is there any difference in value for a lower level (split level, above grade) or a regular basement?
I would say that in general, split level homes tend to be less valuable than other types of homes (ranch, 2-story, etc). But to your point, I do think that exposed basement square foot ... more
0 votes Share Flag Fri Dec 18, 2009 Market Conditions in Madison
George Demon, Real Estate Pro in 33449
George Demon answered:
We are considering buying an inexpensive condo in Madison to use when we come to visit our children who live there. What area would you suggest?
You have a very large inventory to choose from with the abundance of condo's available in the Madison area. My first recommendation would be in the Fitchburg area and in fact I wi ... more
0 votes Share Flag Tue Mar 5, 2013 Market Conditions in 53719
Kristi Ross, Real Estate Pro in Waunakee, WI
Kristi Ross answered:
Has the Madison real estate market been hit has hard by the economy as the Southeastern part of the state?
Runnergirl262,
You will hear various opinions of what has been "hard" for this market. In comparison to what the media has put out there nationally, Madison has faired well. ... more
0 votes Share Flag Sat Aug 29, 2009 Market Conditions in Madison
Charlie Wills,  in 53719
Charlie Wills answered:
How can I find out the "list to sell" ratio for home prices in an area?
Rocky,
Just ask a Realtor. It looks like you are from Middleton. The list to sale ratio for homes in Middleton this past year was 96.5% and condos were 97.5% list to sale ratio. If ... more
0 votes Share Flag Tue Apr 14, 2009 Market Conditions in Madison
Darren Kittl…, Real Estate Pro in Madison, WI
Darren Kittleson answered:
Do the Stats & Trends include condominiums?
Leslie-It depends upon where you're looking at this. I typically like to seperate the 2 as the statistics are very different between single family and condos. My reason for this is th ... more
0 votes Share Flag Tue Sep 30, 2008 Market Conditions in Madison, WI
Karen Wenzel,…, Real Estate Pro in Milwaukee County, WI
Karen Wenzel, e-PRO answered:
How does the city of Madison (WI) calculate assessment value? What does it reflect?
Tas,
Tax Assessment "value" is merely a guideline by which a municipality determines the amount of Tax they can collect on a property. A lot of people base what they feel a property i ... more
0 votes Share Flag Sat Jun 21, 2008 Market Conditions in Madison, WI
Nice Profile, Real Estate Pro in Miami, FL
Nice Profile answered:
Are homes selling in Madison, WI?
Andrew, homes are selling everywhere in the country. But the one thing that is holding the sale of most listed homes is price. I understand your concern and you need to put yourself in ... more
0 votes Share Flag Sun May 25, 2008 Market Conditions in Madison, WI
Karen Wenzel,…, Real Estate Pro in Milwaukee County, WI
Karen Wenzel, e-PRO answered:
Is finish below grade space (basement) just as valuable per square foot as an above grade addition would be?
Becky,
This is kind of a 2-part question. Lower level finished area is less expensive to finish than adding on above grade, but it usually is not valued equally. I'm not an appraiser ... more
0 votes Share Flag Tue Jun 30, 2009 Market Conditions in Madison
Kristi Ross, Real Estate Pro in Waunakee, WI
Kristi Ross answered:
I want to know what is a good estimate of dollars per square foot when finishing a basement.
Cheryl,

As with building a home, the price per square foot of finishing a basement will vary depending on type of finish, if you add a bathroom/fireplace, what condition your basemen ... more
0 votes Share Flag Tue Apr 1, 2008 Market Conditions in Madison, WI
Seth Peterson, Real Estate Pro in Madison, WI
Seth Peterson answered:
Are lease-options on homes in Madison common? How do I find them?
I don't believe they are common, but some sellers are open to that. Real Estate Agents can search on the MLS specifically for homes on the market that are open to lease options. Let m ... more
0 votes Share Flag Tue Apr 1, 2008 Market Conditions in Madison, WI
Darren Kittl…, Real Estate Pro in Madison, WI
Darren Kittleson answered:
What is the average cost to build per square foot in Madison, WI?
That varies depending upon the restrictions of the neighborhood and style of house. For example, there are some neighborhoods where the architectural covenants require a large amount o ... more
0 votes Share Flag Tue Jun 23, 2015 Market Conditions in Madison
Seth Peterson, Real Estate Pro in Madison, WI
Seth Peterson answered:
How is the general housing market in Madison?
The housing market nationwide has been down, and it's no different in Madison. But that does not mean everything has been depreciating. In fact, the average home is still appreciating ... more
0 votes Share Flag Tue Apr 1, 2008 Market Conditions in Madison, WI
Gail Rutkows…, Real Estate Pro in Madison, WI
Gail Rutkowski answered:
As a buyer or seller, what do you consider to be most relevant when looking at market conditions???
In buying or selling, the most recent Sold properties (3-4 Months) will show you where similiar (style, location, and amenities) properties comparitively sold. This is the point whe ... more
0 votes Share Flag Tue Apr 1, 2008 Market Conditions in Madison, WI
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