Lake & City Homes Realty > Madison WI real estate blog 
The Austin Madison Connection
Sunday, April 19th, 2009 at 7:32pm. 260 Views, 1 Comments.
Although there are hundreds of miles between them, you may be surprised to learn that there are many similarities to be found between Austin, Texas and Madison, Wisconsin. Aside from the fact that both cities hold the distinction of being the capital of their state, both cities are also centers of education within their states, both have a solid standing in the arts, and both enjoy an economy that is strongly rooted in technology. With so much to offer to their residents, it is no surprise that Madison and Austin are among two of the most desirable cities in the country to live.
Getting Educated in Madison and Austin
Ranked by Forbes magazine in the #2 position of top education cities in the nation, Madison has much to offer to its residents in terms of…
Just listed! 4101 Donald Drive, Madison
Friday, April 17th, 2009 at 8:36am. 143 Views, 0 Comments.
Incredible value for the price awaits you with this terrific split-level that has undergone several remodeling jobs as well as numerous updates and improvements to the tune of $80K. Across the street from an elementary school, this lovely 3 bedroom, 1.5 bath home with beautiful 3-season sunroom addition is tucked away on a quiet sidestreet in a popular, mature North Side neighborhood. Assessed at over 190K, this property is offered at just $171,900 for a quick sale.
Some work is still being carried out on the home. Please call Lake & City Homes Realty at 608.230.5553 for the latest status.
For photos, property details, maps, and much more please click here or search LakeandCityhomes.com for MLS #1555027.
Dane County Homes Sales Down in March
Thursday, April 16th, 2009 at 4:05pm. 87 Views, 0 Comments.
Home sales in Dane County were down 20% in March compared to March 2008, according to sales figures
released today by the South
Central Wisconsin Multiple Listing Service.
Sales data show that 320 homes and condos were sold in Dane County in
March, compared to 403 sold in March of 2008 and 552 sold in March of 2007.
For the first quarter of 2009, 684 homes were sold in Dane County,
a 25% drop from the 921 homes sold the first three months of
2008 and 45% below the January-March sales of 1,244 homes in
2007.
The average sale price of a Dane County home in March dropped more
than $29K, or 12%, from $243,368 to $214,049.
The median sale price also fell in March, going down $13,500, or
6.4 percent, from $210K to $196,500.
The number of…
Short Sale Price Reduction
Wednesday, April 15th, 2009 at 9:21am. 158 Views, 4 Comments.
This adorable two bedroom bungalow on Madison's near East Side has just been reduced from $124,900 to $114,900! A steal of a deal that should make it possible for someone to own a home for less than the cost of renting!
For pictures, maps, panoramic street level views (Google Streetviews), and property details, please click here and register on our site. Or call Jolenta at (608) 230.5553 at Lake & City Homes to request more information.
Happy Easter & Happy Birthday!
Sunday, April 12th, 2009 at 9:34am. 146 Views, 2 Comments.
To my growing community of visitors and regular readers out there:
Here's wishing you a very Happy Easter and a Happy Palm Sunday to the Greek, Russian and Armenian Orthodox! It looks like it's going to be a beautifully sunny day in Madison WI for an Easter egg hunt...
After nearly three months of being live, I would like to take this opportunity to thank Real Estate Webmasters (my web designers) and to wish them a very Happy 5th Birthday. Your support and guidance have been invaluable in getting my new venture off the ground and climbing the Web 3.0 learning curve. May the next five years bring you as much, if not even greater, success!
As always, many heartfelt thanks to all my clients, friends, and visitors out there who are reading this. Your continued…
Just listed! 1810 Legacy Ln, Madison
Wednesday, April 8th, 2009 at 3:09pm. 216 Views, 0 Comments.
Are you kidding me? Brand new construction for under $175K?
Yes, it's true. Elmakias Construction is offering this brand new drop-dead gorgeous home with three bedrooms, two bathrooms AND a two car garage for just $174,900. Only 90 days to completion from the time of the first scoop!
Prefer a different floorplan or a two-story home instead? No problem. Just supply us with your design (or communicate your ideas to our designers) and we'll work to accomodate your desired floorplan or style architecture provided it has the same square footage.
Why buy an older home when you can buy brand new? For more information or to schedule an appointment to meet the builder, call Jolenta Averill today at 608.230.5553.
Dane County Housing Statistics - 2009 Results for January & February
Wednesday, April 1st, 2009 at 1:41pm. 183 Views, 2 Comments.
I thought it might be interesting to take a quick look at how the housing market for Dane County in January and February of 2009 stacked up against the same months in 2008 by pulling some data from the South Central Wisconsin MLS. After all, it's important to examine at the facts when we're hearing so much bad news about the economy and the housing market day in and day out. As the old saying goes, all real estate markets are local - so we really need to be focused on data specific to our local market in order to understand what's really going on.
Here's how the numbers stacked up for Dane County (all data, unless otherwise specified, includes single-family homes and condominiums)*:
Jan 2009 vs Jan 2008 - Dane County
The number of listings decreased by…
$10K price reduction on 2661 Hoard St!
Thursday, March 26th, 2009 at 1:46pm. 163 Views, 0 Comments.
Good grief! Is this market nearing a bottom or what?!
Of all the Madison homes for sale currently on the market, this cute bungalow at 2661 Hoard St has got to be one of the best deals around. The price on this adorable Eastside starter home has just been slashed another $10K to a mere $124,900!! This is a terrific price for a charming, yet spacious, two bedroom house in a great neighborhood. Although there's no garage, the City of Madison's zoning department says you can put a driveway right up to the property iine of the adjacent property to create off-street parking. Plus, this house has two bonus rooms in addition to the living room, eat-in kitchen and two bedrooms because the property has an addition in the back. The addition had the effect of turning…
Top 10 Facts: Dane County First-Time Homebuyers Get $8,000 FREE
Saturday, March 21st, 2009 at 10:55am. 234 Views, 1 Comments.
The American Recovery and Reinvestment Act recently enacted by the United States Congress provides Dane County first-time home buyers with a $8,000 tax credit. The current legislation supercedes rules that were enacted back in the fall of 2008. Here are the top ten facts to know about the free $8,000 credit:
1. Available to Dane County first-time home buyers (a first-time home buyer is someone who has not owned real estate in the last three years).
2. Available for all principle residences including single family homes, condominiums, townhouses, and owner-occupied residential income property.
3. Home must be purchased between January 1st, 2009 and December 1st, 2009 inclusive.
4. The credit does NOT require repayment.
5. The full amount of the credit is…
Are investors dipping their toes back into income property?
Friday, March 13th, 2009 at 4:26pm. 253 Views, 3 Comments.
After what has amounted to a real dry spell, this week has reaped more calls about income property than about any other type of real estate in months. Specifically, I've been getting a lot of calls about owner-occupied income property. My question is: could this signal the beginning of a turnaround in Madison WI income property?
There were 87 income properties sold in Madison in 2008. That's an implied absorption rate of about 7.25 properties sold per month. The median sales price was $233K. So far this year, there have been 7 sales of income property in Madison at a median price of $191,666. So the median price is down and so far this year the absorption rate is down too. At the moment it's .583 properties per month. Admittedly not very impressive. But…
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