Madison, WI

Here's a review of January Dane County home sales from a historical perspective.

The 186 Dane County home sales recorded in January were 1.3% higher than the 183 home sales in January of 2011, and the highest total for any January since 2007.

Here's a review of January Dane County condo sales from a historical perspective.

The total of 39 Dane County condo sales recorded in January was 13% lower than the 45 condo sales from January of 2011. Condo sales this January were the lowest out of any January dating back to the year 2000, with the exception of January 2009.

Looking ahead: Our pending home sales report suggests sales in February will be well above the levels from February of 2011. We anticipate a growing number of home sales in 2011, as more buyers who have been delaying their purchase decide now is the time to buy a home.

Our pending condo sales report suggests condo sales in February will also be well above the sales levels from last year.

Dan Miller, Keller Williams Realty and www.DaneCountyMarket. com

www.HowWeHelpYouSell.com

www.HowWeHelpYouBuy.com

www.OurRecentSales.com

www.SearchDaneCounty.com

www.DaneCountyForeclosureSearch.com

Dane County foreclosures increased by 19% in January, and remain high by historical standards. This graph shows the number of Dane County foreclosures filed in every January dating back to 2004. The 148 foreclosures filed in January of 2012 were up 244% from the 43 foreclosures filed in January of 2004.

We won't be surprised if foreclosure filings rise in 2012. It could be some of the big banks are stepping up the foreclosure process once again, after a slowing down resulting from the "robo-signing" scandal. For example, Bank of America Countrywide (BAC) has had at least 40 foreclosure filings for 3 straight months.

For our full Dane County foreclosure report, please see the new foreclosures menu at DaneCountyMarket.com . Our report also has information on foreclosure filings for the State of Wisconsin.

If you are interested in buying a foreclosed home, please see these 5 foreclosure search tools, also on our foreclosures menu.

Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com

www.HowWeHelpYouSell.com

www.HowWeHelpYouBuy.com

www.OurRecentSales.com

www.SearchDaneCounty.com

www.DaneCountyForeclosureSearch.com

The stars have aligned for Dane County multifamily investors.

Rental vacancy rates continue to move to new lows. According to MG&E, the Madison multifamily vacancy rate was just 2.16% in Q4 of 2011, well below the 5.7% vacancy rate from 6 years earlier.

The strong tenant demand for rental housing has allowed many investors to raise their rents over the last several years.

And, Dane County income properties are now selling at a 32% discount from the properties that sold in 2006. Our latest gross rent multiplier report shows the average investor in 2011 could receive the same rental income as the average investor in 2006, but at a 32% lower purchase price.

How long will multifamily purchase values continue to improve from the investor's perspective? It's difficult to predict the future, but we believe the values we are seeing right now may end up being the best we'll see. As you'll see from this report, the purchase demand for rental properties is beginning to rise, although it remains low from a historical perspective.

We are also seeing evidence that some renters are finally deciding now is the time to switch from renting in favor of owning a house.

We do believe we will see a gradual increase in rental property purchases this year, but from a historical perspective multifamily purchases will remain low. Also, although some renters are turning back to owning, we believe rental vacancy rates will remain at very low levels for the foreseeable future. Tenant demand for rental housing will remain very strong.

The multifamily investor will continue to find excellent values in 2012, but it's very possible we'll see multifamily sellers begin to gain some leverage as the market dynamics slowly shift in their favor.

Do you have questions about buying or selling multifamily real estate in our market? Please contact us for a no hassle consultation. We're here to learn more about your goals, and offer you our thoughts on how you can achieve them.

Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com

www.HowWeHelpYouSell.com

www.HowWeHelpYouBuy.com

www.OurRecentSales.com

www.SearchDaneCounty.com

www.DaneCountyForeclosureSearch.com

Here is today's market update for Active three (3) bedroom ranch homes located in the city of Madison Wisconsin. This information was pulled from the South Central Wisconsin MLS on 2/2/2012 at 1:45 P.M.

• 354 total 3 bdrm ranch homes are currently listed in the City of Madison
• Low listing price: $55,000
• High listing price: $1,649,000
• Average listing price: $252,986
• Median listing price: $189,900
• Average days on the market: 136

If you are looking for a 3 bedroom ranch home that has a 2 car garage and a minimum of 2 bathrooms, then the numbers do change significantly. Those stats are listed below.

• 164 total 3 bdrm ranch homes, with 2 bathrooms & a 2 car garage
• Low listing price: $118,900
• High listing price: $1,649,000
• Average listing price: $286,971
• Median listing price: $229,900
• Average days on the market: 131

Of course these numbers change on a daily basis, so to obtain the most up to date information, please contact us directly. We would be happy to customize the search further for you to find the home that is just right for you.

As an extra benefit to Rock Realty home buyers, we offer a 1% broker commission rebate after closing. This could mean $2,000 back on a home purchase of $200,000. We love to hear how these rebates help our clients. Some use them for home improvements, while others simply put it in savings for future needs. It is a great option that we are happy to offer. Contact us for further details and limitations.

Original Post - Ranch Homes in Madison, 3 bedrooms

We've been working hard to improve our offering of real estate search tools. We now have over 30 search tools on the property search page at DaneCountyMarket.com. The feedback has been very positive and the traffic very brisk! During the month of January, our map search tool averaged over 130 visitors per day.

Stay tuned for more search tools coming in the near future!

Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com

www.HowWeHelpYouSell.com

www.HowWeHelpYouBuy.com

www.OurRecentSales.com

www.SearchDaneCounty.com

www.DaneCountyForeclosureSearch.com