Luxury Homes in Dane County

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Thinking of moving up to a luxury home or down sizing your current luxury home? In Dane couty the market for high quality homes over $1,000,000, between 4,000 and 9,000 sq. ft. above grade, less than 30 years of age, not on Madison lakes, there is 30 months of inventory. Listings range from $1,150,000 to $2,999,900 with the median list price at $1,595,000 and the average list price is $1,595,000. The median sale price was $1,388,875 and the average sale price was $1,373,858. Property values in the area appear to be stable though sales have declined over the winter months and listings are increaseing. There is a 3% chance of selling a home in this market in the first month.

Farmettes in east Dane County

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Property values in the area appear to be stable. With the criteria of 2 story homes over 45 years of age between 1,600 and 2,500 sq. ft.on a lot between 1 and 10 acres there is 34 months of inventory in eastern Dane County. Sales range from $145,000 to $288,900 and listings range from $129,900 to $500,000. The average list price is $259,339 and the median list price is $239,900. The average sale price is $209,750 and the median sale price is $195,000. The odds of selling in the 1st month are 5%. The odds of selling in the first month if listed below $200,000 is 5%. The odds of selling in the 1st month if listed below $180,000 is 25%. Very competitively priced homes and discounted properties are selling the quickest. Current interest rates have minimized buydowns and concessions and most homes in the area sell with conventional financing. Marketing exposure time for the subject as derived from the MLS and historical data is estimated to be 3 to 6 months.

Stoughton Real Estate Market for older ranches and multi levels

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In Stoughton there is 6 months of inventory of single family 1 story homes (split entry, ranch, multi level) less than 1,350 sq.ft. above grade, older than 15 years of age with basements that were not fixer uppers.7% were bank owned properties and 8% of current listings are bank owned. Sales ranged from $50,000 to $218,000. This is a balanced market with a trend toward a sellers market.

Madison (north)- Northport/Sherman Avenue/Wheeler Road Areas

 

 

For homes north of Northport Drive, west of Sherman Avenue, south of Wheeler Road, and east of School Street there is 6 months of inventory of similar homes making it a balanced market. The criteria is 1 story homes between 35 and 70 years of age with finished basements. The median list price is $151,400 and the median sale price is $146,000. The average list price is $150,920 and the average sale price is $143,841.

 

Dane County Market for homes on Large Lots

There is 19 to 21 months of inventory of similar homes in Dane county. For all homes in Dane County between 1,700 and 3,500 sq. ft. on 15 to 60 acres there is 19 months of inventory. The average list price is $588,422 and the median list price is $499,900. The average sale price is $499,873 and the median sale price is $435,000 with sales ranging from $295,000 to $945,600. For the same market criteria refined to homes between 15 and 48 years of age there is 21 months of inventory with the median list price of $499,900 and an average list price of $607,940. The median sale price is $457,000 and the average sale price is $453,375.

Bank owned properties are not a significant factor in this market. 6% of sales were bank owned and 11% af active listings are bank owned.

Dane County Log Home Market

There is 18 months of inventory of log homes between 1,300 sq. ft. and 2,150 sq. ft. finished above grade in the market area of Dane county, southeast Sauk County, and southern Columbia county. The analysis is based on log homes on less than 10 acres, in rural areas with out water frontage or deeded access. The average list price is $301,586. The average sale price is $233,733. The median list price is $279,900 and the median sale price is $221,200. List prices range from $199,900 to $510,000 and sale price range from $125,000 to $415,000.