If you have any questions or need more detailed information, please feel free to contact us via phone or fill out the form below to let us know how we can help with your real estate needs.
Jolenta Averill, Broker|Owner
Lake & City Homes Realty
301 E Sunset Court
Madison, WI 53705
Phone: (608) 628-9701
Fax: (608) 230-5554
Tuesday, November 10th, 2009 at 10:40pm.565 Views, 15 Comments.
I'm pleased to announce that after two weeks of enduring a steep learning curve for video editing, a variety of technical issues and glitches, and a fair degree of performance anxiety, I'm finally ready to kick off our new monthly housing update! It's dubbed The Madison Market Update because it's focused on the Madison WI residential real estate market.
In today's premier edition of the Madison Market Update you'll find highlights of the Madison housing market year-to-date with comparisons to last year using measures such as sales volume, average prices, average days on market and more. The Madison Market Update will be updated monthly and you'll have access to all the charts and graphs discussed in each edition via our Madison Market Statistics page and…
Saturday, October 3rd, 2009 at 10:23am.395 Views, 1 Comments.
As both a Realtor and consumer, it would be hard not to notice what an overwhelming success the first-time homebuyer's $8K tax credit has been both nationally and on the Madison real estate market. Both homebuyer interest and housing sales shot through the roof before the ink was even dry on the legislation. Although lower prices and historically low interest rates have certainly been a huge draw, it's clear the $8K tax credit is primarily responsible for consumers' renewed interest in homeownership in the midst of the massive mortgage meltdown and ensuing housing crisis.
But progress may come to a screeching halt unless Congress extends the credit through 2010. Without an extension of the legislation, many people will miss out. Those who couldn't purchase…
Friday, September 11th, 2009 at 12:52pm.462 Views, 10 Comments.
A
client recently posed this question, "Do you think if we got rid of the
hot tub it would help?" Translation: Would getting rid of our hot tub
make our property more attractive to buyers?
The
client suggested she freecycle the hot tub. In fact, she thought she'd
have no problem getting rid of it by the weekend. I don't know a lot
about hot tubs (I've never owned one) but I wondered how she'd get rid
of it so quickly if it was so undesirable. Afterall, it was already Thursday when she made the suggestion.
Then again, that hot tub (see photo) wasn't looking so hot. It actually
made her newly refinished deck look a little shabby. Then she mused, "I
don't think anyone even wants a hot tub anymore. It costs a fortune to
keep it running in the winter…
Monday, January 26th, 2009 at 10:14pm.129 Views, 0 Comments.
That old joke about how your tax assessor views your property may be more true than you realize...
In a recent
conversation with City of Madison Assessor's Office I was struck by two things: One, the fact that the office of the City Assessor of Madison does not have unfettered access to the South Central Wisconsin MLS (apparently they they have access to Sold listings but do not have access to Active, Pending and Expired listings). And two (and perhaps more surprising), that in valuing properties for the purpose of determining homeowners' annual property assessments, the City doesn't use
certain recent comparable solds. Which recent comps, you might ask? Well, recent comps deemed by the City to have been "sold under
duress" as in, you guessed it, short…
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I'm pleased to announce that after two weeks of enduring a steep learning curve for video editing, a variety of technical issues and glitches, and a fair degree of performance anxiety, I'm finally ready to kick off our new monthly housing update! It's dubbed The Madison Market Update because it's focused on the Madison WI residential real estate market. 
As both a Realtor and consumer, it would be hard not to notice what an overwhelming success the first-time homebuyer's $8K tax credit has been both nationally and on the Madison real estate market. Both homebuyer interest and housing sales shot through the roof before the ink was even dry on the legislation. Although lower prices and historically low interest rates have certainly been a huge draw, it's clear the $8K tax credit is primarily responsible for consumers' renewed interest in homeownership in the midst of the massive mortgage meltdown and ensuing housing crisis.
A
client recently posed this question, "Do you think if we got rid of the
hot tub it would help?" Translation: Would getting rid of our hot tub
make our property more attractive to buyers? 
That old joke about how your tax assessor views your property may be more true than you realize... 