1914 Monroe St

Madison, WI 53711

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Real Estate Market Update, 3Q 2021

Real Estate Market Update, 3Q 2021

neighborhood picture

3rd Quarter Real Estate Market Update

Exploring how sales have changed, we found that 3rd quarter sales in 2021 ended with less than a 5% increase from 2nd quarter and average sale price 18% higher compared to 1st quarter. 

*Source: SCWMLS

Total number of Homes & Condos for Sale (as of 10/15/2021) – City of Madison and Surrounding*

Single Family Homes 401
Condos 119
Real Estate Market Update, 2Q 2021

Real Estate Market Update, 2Q 2021

2nd Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we found that 2nd quarter sales in 2021 ended with 4,817 homes being sold. Compared to the 1st quarter of 2021, sales went up 38%, that is a normal trend as buying and selling during the spring is popular. Sales this quarter are up 8% compared to the number of homes sold in the 2nd quarter of 2020. The quarter ended with an median sale price of $300,000, which is a 11.4% increase from the 2021 1st quarter.

*Source: Wisconsin Realtors Association. If you are interested in learning more about Wisconsin’s housing statistics, click here

Total number of Homes & Condos for Sale (as of 7/15/2021) – City of Madison and Surrounding*

Single Family Homes 318
Condos 90
Real Estate Market Update, 1Q 2021

Real Estate Market Update, 1Q 2021

1st Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we found that 1st quarter sales in 2021 ended with 2,989 homes being sold. Compared to the 4th quarter of 2020, sales went down 36.5%, but that is a normal trend as buying and selling during the winter months isn’t as popular. However, sales this quarter are up 4% compared to the number of homes sold in the 1st quarter of 2020. The quarter ended with an average sale price of $265,000, which is a 10.7% increase from the 2020 1st quarter.

*Source: Wisconsin Realtors Association.  If you are interested in learning more about Wisconsin’s housing statistics, click here

Total number of Homes & Condos for Sale (as of 4/14/2021) – City of Madison and Surrounding*

Single Family Homes 202
Condos 68

1st Quarter Sales – City of Madison and Surrounding*…

2525 E Dayton St, Madison-Sold by Alvarado Real Estate Group

2525 E Dayton St, Madison-Sold by Alvarado Real Estate Group

2021-2525-E-Dayton-St-Carlos
JUST SOLD 2525 E Dayton Street on 2/04/21 for $300,000 by Carlos Alvarado.
3 bedrooms | 2.5 bath | 2,100 sq ft

Even when there are curve balls the day before closing, we stay calm, collected, and do our very best to handle whatever comes up. Huge shout out to our clients for getting through the last couple of days with grace and patience. You did it! Congratulations on the sale of your property.

If you’d like to discuss buying or selling your home, please contact Carlos Alvarado, Principal Broker, at 608.438.6757 or Carlos@TheAlvaradoGroup.com

Real Estate Market Update, 4Q 2020

Real Estate Market Update, 4Q 2020

4th Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we find that 4th quarter sales in ended with 4,696 homes being sold. Compared to the 3rd quarter, sales went down 15.2%, but that is a normal trend. However, sales this quarter are up 24.2% compared to the number of homes sold in the 4th quarter of 2019. The quarter ended with an average sale price of $265,000. This was only slightly lower than the previous quarter, but it was above the average sale price for the year, which was $260,000.

Source: Wisconsin Realtors Association.  If you are interested in learning more about Wisconsin’s housing statistics, click here

Total number of Homes & Condos for Sale (as of 1/15/2021)

Single Family Homes 460
Condos 250

4th Quarter Sales – City of Madison and Surrounding*

309 W Washington Ave #612, Madison – Sold by Alvarado Real Estate Group

309 W Washington Ave #612, Madison – Sold by Alvarado Real Estate Group

modern condo interior living room and kitchen bar area
JUST SOLD 309 W. Washington Ave #612 on 12/15/20 for $$256,666 by Carlos Alvarado.
1 bedrooms | 1 bath | 810 sq ft

Don’t be fooled, not all sales are fast and easy! It took longer than expected but it happened! Congratulations to the Sellers and Buyers of this modern condo downtown Madison.

If you’d like to discuss buying or selling your home, please contact Carlos Alvarado, Principal Broker, at 608.438.6757 or Carlos@TheAlvaradoGroup.com

2621 Gregory St, Madison – Sold by Alvarado Real Estate Group

2621 Gregory St, Madison – Sold by Alvarado Real Estate Group

exterior frong of 2 story gray home in the fall
JUST SOLD 2621 Gregory St, Madison on 12/14/20 for $426,000 by Carlos Alvarado.
3 bedrooms | 1.5 bath | 1,422 sq ft

This lovingly cared for house in Dudgeon-Monroe Neighborhood was home to our Sellers for decades. It is no small task to move out of your home after so many years. Please join us in congratulating them on a successful sale! They are very happy for the new Buyers and are looking forward to the next chapter.

If you’d like to discuss buying or selling your home, please contact Carlos Alvarado, Principal Broker, at 608.438.6757 or Carlos@TheAlvaradoGroup.com