Episode Transcript
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Speaker 1 (00:02):
Eight thirty six thirteen ten WIBA and Ask the Experts
joined in studio this New Year's Eve Morning by Matt Heiman.
Matt comes to us from Rockrealty Online, Rock Wisconsin dot com.
That's r O C K Wisconsin dot com. Telephone number
six O eight six seven three fifty four hundred. That's
sixty seven three fifty four hundred.
Speaker 2 (00:22):
Oh. By the way, there's an app for that as well.
Speaker 1 (00:24):
If you just type in on your browser MLS dot
rocks backslash app. You can download the app, whether it's
an Android or iPhone, or just head on over the
website Rock Wisconsin dot com.
Speaker 2 (00:33):
Matt, how you doing this morning?
Speaker 3 (00:35):
Doing well? Doing well? Snowy day?
Speaker 2 (00:37):
It is? The road's okay because you just you just
got off of.
Speaker 4 (00:40):
You know, I think I beat it a little bit. Yeah,
it just started just started to accumulate.
Speaker 3 (00:45):
So so far, so good. We'll see how the right home.
Speaker 2 (00:48):
You got four wheel drive?
Speaker 3 (00:49):
Yeah, okay, what do you do that?
Speaker 2 (00:50):
Well?
Speaker 3 (00:51):
Of course I don't know what.
Speaker 4 (00:52):
The difference is all wheel driving four wheel drive, but
you know there's some car person four.
Speaker 3 (00:56):
I figure that's all yeah, exactly, it.
Speaker 1 (00:58):
Makes sense right, one two three for yeah, it makes
sense to me.
Speaker 2 (01:01):
It sounds good.
Speaker 1 (01:02):
We've got we're gonna look at a market report, get
a check of some of the numbers around the area,
whether it's Dane Rock or Jefferson County.
Speaker 2 (01:09):
We're going to talk about that in just a moment.
Speaker 1 (01:10):
But first and foremost, we have a house a featured
listing this week in a neighborhood. That is, if you
were to say, like, hey, where would everybody love to
live and start a family and that type of thing.
I think we found that house in that location on
thirty three two Harvey Street that's right off University have
(01:31):
on kind of that it's like a would you describe
It's like really literally like University Hill. It's like a
beautiful area. Let's talk about this about this featured listing
this week, Matt.
Speaker 4 (01:41):
Yeah, I think it's if you're looking to be kind
of in the thick of the Madison living in Madison
and having the convenience of going to whether it's the
UW Campus Hospital or wherever, this is a good spot
for it.
Speaker 1 (01:54):
Yeah, it's it really, And we talk about kind of
the convenience of it. You're not on university, you are
off university or right across from a park. You are
right moments away from getting down onto the Isthmus. You
are in a very desirable neighborhood, and this house is
(02:14):
it's about for folks that are looking to get into
the Madison market. This is probably the perfect entry for
it is. And let's talk about some of the features
of this of this house right on Harvey Street.
Speaker 4 (02:25):
Yeah, yeah, I think, as I say, you know, location
is always the most important.
Speaker 3 (02:29):
That's where you kind of start.
Speaker 4 (02:30):
And you know, if you can get into a house
like this and maybe build some equity into it over
the years, it's definitely going to pay off with a
location like this. So yeah, three three zero two Harvey
Street and Madison. That's a five three seven five zip code.
The price is four hundred and seventy four nine, So
I know that small little condos go for that in
(02:50):
Madison at this point. And this would be a single family,
detached home of your own, three bedroom, two bath, three
hundred and sixty square feet, so some opportunity to you know,
put some more space in that place and you know,
increase the value as well.
Speaker 1 (03:06):
Folks familiar with the area Harvey Street, Hill Street, that's
kind of right where you mentioned the corner area where
that is. And there's a grocery store within water. I
mean this is again, you got a grocery store right
there that you can walk to. There's a park right
across the road. There's a convenience store a few blocks away,
a quick trip a couple of blocks away, because we
all know quick trip.
Speaker 3 (03:24):
That's that's key as well.
Speaker 1 (03:26):
You guys need to put like actually on your on
your listings, like distance from quick trip, Like I feel
like that should be a metric.
Speaker 3 (03:33):
It is. I know they have a walking store which
have a quick trips.
Speaker 2 (03:35):
Yes, yes, this is what.
Speaker 1 (03:37):
This place on Harvey Street is within walking distance of
a quick trip and a great grocery store as well
a ton of great.
Speaker 4 (03:45):
Especial amity downtown Manige, there's not a ton of quick trips,
you know. And when you get closer to downtown, they
you know, kind of disappeared.
Speaker 1 (03:51):
Really there's that one year camp Randall that doesn't have
gas that always throws me. And then there's yeah, that's
about the other thing too. And I hope folks get
a chance to check this out at thirty three oh
two Harvey Street, check it out at rock Wisconsin dot com.
I will tell you it is a It is a
cool neighborhood. It is a residential neighborhood with the conveniences
all nearby. If you're interested in the showing this morning
(04:13):
the morning, called Bethany Alexander her telephone number six oh
eight two one two forty one oh one. That's six
oh eight two one two four to one zero one.
Ask Bethany about that house on Harvey Street. If you
want to check it out as well, you can head
on over to Rock Wisconsin dot com. R Ock Wisconsin
dot com. I know what the holiday. You may have
some downtime this morning, maybe you are the only one
(04:33):
at the office and saying, you know, and I just
want to spend some time doing something fun. Head on
over the website Rockwisconsin dot com. That's our Ock Wisconsin
dot com and Matt, we'd like to kind of look
back at where things are. And the fun thing about
real estate is it's always changing and it reinforces the
importance of whether you're listing your home or buying a
home and working with an agent. Because factors are are regular,
(04:56):
it's not the same. It's not a static market. There
are different different factors that that vary and working with
a good agent is so important. Again on both sides
of the of the equation. It's going to break down
some of the some of these numbers. Then, for for
the month of November, we saw some some changes when
it comes to overall new listings, haven't we.
Speaker 4 (05:15):
Yeah, yeah, so I wanted to take a look at
November stats and then maybe also kind of chat at
the end. Well we can chat on where twenty twenty
five where the forecast, Yeah, you know might be heading. Yeah,
working with an agent, you get kind of real time
data waiting for the stats like we have to do.
We're about a month behind, right, so you know, today
we're going to look at November stats, which is about
(05:36):
a month ago. However, you know, it's pretty recent. What
we're seeing is you know, kind of a continuation of
what we've seen for you know, a couple of years now,
and that is with the number of new listings in general,
that's still you know, either even or now you know,
(05:57):
kind of dropping a bit. So yeah, it's a it's
a bit prising that we're not getting a few more
listings on the market, you know, since there aren't quite
as many.
Speaker 3 (06:05):
Buyers out there as there was in previous years.
Speaker 4 (06:08):
But yeah, there's there's definitely still a balancing of the
market going and still some tight inventory out there.
Speaker 1 (06:13):
I went down to my favorite hamburger stand, which is
located in Jefferson, the city of Jefferson, in Jefferson County.
Speaker 2 (06:18):
We else, we'll talk about it off the air.
Speaker 1 (06:20):
Fantastic place, but I'm looking here, and of course, as
we kind of break down Dane Rock and Jefferson, I
know we've talked a bit about Jefferson County the past
couple of weeks. It is a very desirable area to
be in because you've got you've got all the conveniences
of you know of you know, Jefferson's got a lot
of stuff, Lake Mills, that area, but also you've got
(06:42):
the openness we're looking for a little bit of land.
Speaker 2 (06:44):
You've got that.
Speaker 1 (06:44):
You've also got this thing called I ninety four, which
means if you drive thirty minutes one way, you're in Madison,
you drive thirty minutes the other way. You're at Fisurf
watching a Bucks game. I can see why, and we
look at the change that seems to be the one
that's really out of They're all doing very very well,
but Jefferson seems to be a very hot, hot county
right now.
Speaker 3 (07:04):
Yeah, i'd say that.
Speaker 4 (07:06):
You know, initially we kind of saw a lot of
changes within the Rock County area, right and but I
am we are seeing some some increase with Jefferson as
far as interest, as far as you know, number of
closings that are occurring. Yeah, it's right in between Madison Milwaukee,
like you pointed out, seeing some really good things as
(07:27):
you get closer down ninety four, right, so Jefferson, Johnson Creek, Watertown,
things like that to where people are looking for that
affordability and knowing that ninety four tends to have the
snow cleaned off little better than other other roads, it
makes it makes it attractive.
Speaker 2 (07:44):
You mentioned the momentum.
Speaker 1 (07:45):
I know, as you mentioned, Rock County has been very
very popular the past the past five years or so.
I know a lot of folks I will throw myself
in there that that looked that way when it came
time to list. Is Jefferson County kind of picking up
on that on that same kind of getting on that
same role.
Speaker 3 (08:01):
Yeah, I think it's jumping on people's radars.
Speaker 4 (08:03):
I think people are starting to maybe uh search via
map now and less via just the you know, name
of the town and saying okay, well I've never I've
never heard of Paul Meira, but Paul Myer is really
not that far from Madison, and it seems like it's
got a great price, right, So people are kind of
opening up their their.
Speaker 1 (08:23):
Search to that as we kind of break down some
of those numbers. We talked this morning with Matt Heytman
of Rock Realty Online Rock Wisconsin dot com. That's Rock
R O c K Wisconsin dot com. Is we break
down some of those numbers. How's it looking at to
see accepted offers houses throughout the area, throughout the counties
they're selling. I mean, there there are They is still
a very very active market, isn't it.
Speaker 3 (08:46):
Yeah?
Speaker 4 (08:46):
Yeah, what I thought was interesting with this, And obviously
a number of accepted offers also depends on number of
new listings that are out there. But you know, I
had mentioned for a few months here that we're definitely
seeing a balancing of the market, and you know these
numbers say that. Yeah, Dane County in November twenty three
over twenty or twenty four over twenty twenty three, one
(09:06):
hundred and nineteen accepted offers in both years. You look
at Jefferson similar twenty eight accepted offers in twenty twenty four.
Speaker 3 (09:15):
In twenty twenty three there's.
Speaker 4 (09:16):
Twenty seven, so in you know, sixty five and seventy
for the three county average.
Speaker 3 (09:21):
Rock County.
Speaker 4 (09:23):
Yeah, it actually looks like it's tightening up a bit,
you know, at least this last month. It was an
election month, so hard to say how much that affected thing. Yeah,
you know, I think people were a little nervous and
didn't throw their their homes in the market, and buyers
didn't go out and buy because you know, the news
told them to hold off.
Speaker 1 (09:40):
Yeah, it's about when you see Dane County at one
nineteen one, nineteen November to over November year over year,
is pretty that's a pretty that's pretty balanced about it,
I would say, So, yes, let's talk about it as
we talked too about some of this home sold. The
numbers there are are showing increase in sales also, aren't.
Speaker 4 (09:58):
We Yeah, yeah, so yeah, I think that we had
some leftover inventory if you will, you know, because so
many buyers were sitting on the fence waiting to see
what would happen. So we actually had an increase of
number of homes sold Dane County at three hundred eighty
seven twenty twenty four November, so last month and then
(10:20):
a year ago is three hundred and thirty nine, so
it was a fourteen percent increase in the number of
homes sold. Rock County had a twelve percent increase, and
Jefferson actually.
Speaker 3 (10:29):
Had a thirty percent increase.
Speaker 4 (10:31):
So Jefferson, Yeah, definitely got a lot of accepted offers
and sold homes last month.
Speaker 2 (10:35):
A lot of heat there.
Speaker 1 (10:36):
If you are looking for for those great opportunities, whether
you're looking to be Madison, Dane County, Rock County, Jefferson,
anywhere in the area. Matt and the team at Rock
Realty love to talk with you. I cant just pick
up film this morning game McCall six oh eight six
seven three fifty four hundred. That's six oh eight six
seven three fifty four hundred. The website Rock Wisconsin dot com.
That's roc K Wisconsin dot com. We'll talk a little
(10:59):
bit about home prices. We'll so talk a little bit
more about our featured listing at thirty three two Harvey
Street here in Madison. We will do all of that
next as ask the Experts with Rock Realty continues here
on thirteen ten WIBI eight forty eight thirteen ten WIBA
and ask the experts hanging out with Matt Heidman of Rockrealty.
(11:20):
Of course, you can learn more online their website, Rock
Wisconsin dot com. That's our ock Wisconsin dot com. Dolphin
number six oh eight six seven three fifty four hundred.
That's six h eight six seven three fifty four hundred.
Talking this week with Matt, I just got of getting
a as we kind of round out the year, take
a look back at twenty twenty four, also look ahead
to twenty twenty five, comparing some numbers of twenty twenty
(11:41):
four right now with twenty twenty three, and specifically the
most recent report out, which of course was for November,
and the price of homes, single family homes.
Speaker 2 (11:52):
They're moving in.
Speaker 1 (11:52):
A direction, not wildly in a direction, but they're moving
in the direction you'd expect. There There is been, there
have been some increases. But I look at some of
these and one of the numbers is not that crazy
in two some are. Some are a little a little
more stable, I guess than others.
Speaker 4 (12:08):
Yeah, I mean we still have inflation and home prices
are still steadily increasing, They're just not skyrocketing like they
used to, which is again part of balancing out of
the market, right, try to find that equilibrium between.
Speaker 3 (12:23):
Buyers and sellers.
Speaker 4 (12:25):
You know, Dane County, though, I mean it's it's still
a large increasier over year. Now granted this this is
kind of you know, all the months leading up to it,
but yeah, it increased a year over year nine percent
from twenty twenty four to twenty twenty three. You know,
last last month, so the current you know, the average
(12:45):
home sales four hundred sixty nine fifty last month compared
to twenty twenty three was four hundred and thirty thousand,
So Rock County a little smaller. They Again, we were
saying Rock County was really hot in the beginning, and
so I think it's pooled down a touch and it
is only about up two percent. Jefferson's up four percent,
so kind of as a three county average there you're
(13:08):
looking at just under six percent year over year price
increase in the medium price of single family homes.
Speaker 1 (13:15):
It's just sting when we compare the different counties, and
obviously different communities are going to.
Speaker 2 (13:18):
Be different as well.
Speaker 1 (13:20):
Going back to kind of my first thing I brought
up with you was working with an agent and understanding
that stuff is. I sometimes worry that people feel like
I'm going to get maybe they get discouraged, or they
you know, they hear things on the news or read
it in the paper, and if people are reading papers
still or see things online, I think the mistake is
sometimes people assume that that some of this stuff isn't
(13:40):
possible for them. And it's always one of those areas
where you don't know until you till you find out.
And as we're looking at some of these opportunities, and
you know, we'll talk about a little bit later in
the segment about our featured listing this week, there are
homes out there, and there are the right home for
the right person, But you got to start that. You've
got to you've got to take action as a potential buyer,
don't you.
Speaker 3 (14:01):
Yeah, Yeah, definitely I think that. Yeah.
Speaker 4 (14:04):
I was reading some stats about kind of the outlook
for twenty five and one of those stats was pretty
shocking that you know, from their surveys, they said that
two thirds of home buyers, potential home buyers are waiting.
Speaker 3 (14:19):
For rates to lower.
Speaker 4 (14:21):
Oh, two thirds, and I think they had mentioned eighty
five percent of home buyers saying that they would feel
comfortable when rates started with a five right. The you know,
the issue there, of course, is that once they do
get that low, you got two thirds of the market
rushing into the market and competing with you.
Speaker 3 (14:42):
Yeah.
Speaker 4 (14:42):
So yeah, yeah. The waiting and not just refin financing
in the future could be pretty detrimental to the price
that you get on a house and whether or not
you get that ideal.
Speaker 1 (14:54):
House, and when you bring up to kind of the
if if rates were to go there and what would happen.
We just got done talking about where housing prices have gone.
If a lot of people are jumping in the mart. Now,
I'm not going to sell my house anytime soon, but
if suddenly you were to tell me that there are
a bunch of people looking to buy, I know what
my house price would need.
Speaker 2 (15:15):
Yea.
Speaker 1 (15:16):
And you mentioned that refi option, which is an amazing option.
I again, I'll go back to just my personal story.
We bought our house traditional thirty year mortgage, and then
a couple of years into it, we were at a
credit union in the area and they're like, hey, you
know we've got not a fifteen year, but we've got
a twelve year with crazy rates, and we did that,
and we're like, okay, let's do that. And for folks
(15:39):
that are maybe waiting on the sideline, you can get
the house right now at a good price, and if
rates change, you simply refinance, and you may be amazed,
especially a little bit equity as well, what you might
what might be available to you. So I mean, very
very exciting, and let's look forward to you mentioned twenty
twenty five, let's look to the upcoming year and years
(15:59):
to come. What do we kind of what's kind of
the outlook for the markets overall?
Speaker 4 (16:03):
Yeah, so, you know, looking at a bunch of different
sources as far as whatever he was predicting, everything from
National Association realtors to Fannie May to realtor dot com.
Even the home prices are still predicted to continue to rise,
you know, anywhere between three and five percent, and that's
kind of what we had been seeing anyways over the
(16:24):
last year. Is actually a little bit higher, but you know,
let's call it four to five percent probably, And.
Speaker 3 (16:33):
Rates are predicted to lower but not by much.
Speaker 4 (16:36):
Right, So in general, we're anywhere between six point five
percent to six point seven percent ish right now, kind
of as an average mortgage rate by the end of
twenty twenty five, they're looking for that only lower at
most about a half point right, So if you're you know,
having that rate lower so small and all these buyers waiting,
(16:56):
you know, the longer you wait, the higher the house
price is going to go, and the more competition you're
going to have, you know, and speaking with you know,
all the agents of my firm, just yesterday, I said,
you know, our model really for this year this coming
year should be.
Speaker 3 (17:11):
Refi in twenty twenty five.
Speaker 4 (17:12):
Yeah, right, You can always refinance later if it comes
down to a point that it makes sense, right, it
makes more sense to kind of pay the closing costs
and get that lower rate. But competing with other buyers
and maybe not getting that perfect home for you, I
think is much much more detrimental than just having to
(17:33):
refinance in the future.
Speaker 1 (17:34):
One of the areas you think of folks right now,
whether they're looking like a first time home buyer, or
maybe you're in a house that just doesn't fit your
lifestyle anymore. Maybe the kiddos have moved out and you're
looking for something simpler. There are buyers out there if
you're in that situation, and you will get you will
get buyers on your current home if you're orf then
kind of entering into that market, if you're a first
time buyer, and of course move up or downsizing a
(17:57):
potential buyer. On the other side of that, there's there's
so many great opportunities out there. And again going back
to reinforcing working with a really good agent to find
those perfect opportunities for you. Again, it's a good day
to start that conversation. A good time right now, of course,
as we are making resolutions and kind of looking for
twenty towards twenty twenty five and beyond. Great day to
start that conversation with folks at Rock Realty tefl number
(18:19):
six so eight six seven three fifty four hundred. That's
six seven three fifty four hundred. Speaking of fantastic opportunities,
this house thirty two oh two Harvey Street in Madison.
I've been doing like some Google street Maps and some
things taking a look at it. Just it's a beautiful, beautiful,
nice little home and a nice just about as desirable
of neighborhood as you're going to find. The convenience of
(18:41):
actual having neighbors and having a neighborhood, but also the
convenience of having things like again not too far away
a quick trip and in some malls, and the university
and the hospital. I mean, this is a really I know,
real estate. You often hear that term prime location. This
is genuinely the primest location you're gonna you're gonna find.
Speaker 3 (18:59):
Isn't it. Yeah, I would agree.
Speaker 4 (19:00):
And it's just like just a great house, a little
Cape cod that's got what you're looking for. You know,
it's got the three bedroom, the two bath, and you
know it's got a separate garage for you. And there's
just a lot of opportunity to you know, build that,
build that into maybe a larger home if you need it,
or maybe you know, upgrade from there in the future.
(19:21):
I could even rent this out. I'm sure there's a
lot of people looking to rent this.
Speaker 2 (19:25):
You could make make a killing renting.
Speaker 1 (19:29):
It's interesting when you mentioned doing some upgrades or that
was one of the things I thought, Goodness, if this
house isn't the exact house, the lot is the mean,
regardless of who you are, whether you want to want
to upgrade or keep the house there, or maybe look
to put something different. I mean, they're not as I
always say about land, they're not building more and you're
(19:49):
probably not going to find a more desirable lot than
this one as well, So check that out again. It's
at thirty three oh two Harvey Street. If you want
to get a listing or have more questions, Bethany alexand
Or is standing by all. I got to just pick
a phone, give or call six oh eight two one
two four one zero one. That's six oh eight two
one two forty one oh one again for that featured listing. Again,
it's a thirty three oh two Harvey Street. More information
(20:12):
also available to you online at Rockwisconsin dot com. That's
Rock R O c K Wisconsin dot com. Head on
over there and uh and check that out so much more. Matt,
it's always great hanging out with you. You have a
happy new Year, and we'll do it all again in
twenty twenty five. Sounds great news comes your way next
right here on thirteen ten WIB eight
Eight thirty six thirteen ten WIBA and Ask the Experts
joined in studio this New Year's Eve Morning by Matt Heiman.
Matt comes to us from Rockrealty Online, Rock Wisconsin dot com.
That's r O C K Wisconsin dot com. Telephone number
six O eight six seven three fifty four hundred. That's
sixty seven three fifty four hundred.
Speaker 2 (00:22):
Oh. By the way, there's an app for that as well.
Speaker 1 (00:24):
If you just type in on your browser MLS dot
rocks backslash app. You can download the app, whether it's
an Android or iPhone, or just head on over the
website Rock Wisconsin dot com.
Speaker 2 (00:33):
Matt, how you doing this morning?
Speaker 3 (00:35):
Doing well? Doing well? Snowy day?
Speaker 2 (00:37):
It is? The road's okay because you just you just
got off of.
Speaker 4 (00:40):
You know, I think I beat it a little bit. Yeah,
it just started just started to accumulate.
Speaker 3 (00:45):
So so far, so good. We'll see how the right home.
Speaker 2 (00:48):
You got four wheel drive?
Speaker 3 (00:49):
Yeah, okay, what do you do that?
Speaker 2 (00:50):
Well?
Speaker 3 (00:51):
Of course I don't know what.
Speaker 4 (00:52):
The difference is all wheel driving four wheel drive, but
you know there's some car person four.
Speaker 3 (00:56):
I figure that's all yeah, exactly, it.
Speaker 1 (00:58):
Makes sense right, one two three for yeah, it makes
sense to me.
Speaker 2 (01:01):
It sounds good.
Speaker 1 (01:02):
We've got we're gonna look at a market report, get
a check of some of the numbers around the area,
whether it's Dane Rock or Jefferson County.
Speaker 2 (01:09):
We're going to talk about that in just a moment.
Speaker 1 (01:10):
But first and foremost, we have a house a featured
listing this week in a neighborhood. That is, if you
were to say, like, hey, where would everybody love to
live and start a family and that type of thing.
I think we found that house in that location on
thirty three two Harvey Street that's right off University have
(01:31):
on kind of that it's like a would you describe
It's like really literally like University Hill. It's like a
beautiful area. Let's talk about this about this featured listing
this week, Matt.
Speaker 4 (01:41):
Yeah, I think it's if you're looking to be kind
of in the thick of the Madison living in Madison
and having the convenience of going to whether it's the
UW Campus Hospital or wherever, this is a good spot
for it.
Speaker 1 (01:54):
Yeah, it's it really, And we talk about kind of
the convenience of it. You're not on university, you are
off university or right across from a park. You are
right moments away from getting down onto the Isthmus. You
are in a very desirable neighborhood, and this house is
(02:14):
it's about for folks that are looking to get into
the Madison market. This is probably the perfect entry for
it is. And let's talk about some of the features
of this of this house right on Harvey Street.
Speaker 4 (02:25):
Yeah, yeah, I think, as I say, you know, location
is always the most important.
Speaker 3 (02:29):
That's where you kind of start.
Speaker 4 (02:30):
And you know, if you can get into a house
like this and maybe build some equity into it over
the years, it's definitely going to pay off with a
location like this. So yeah, three three zero two Harvey
Street and Madison. That's a five three seven five zip code.
The price is four hundred and seventy four nine, So
I know that small little condos go for that in
(02:50):
Madison at this point. And this would be a single family,
detached home of your own, three bedroom, two bath, three
hundred and sixty square feet, so some opportunity to you know,
put some more space in that place and you know,
increase the value as well.
Speaker 1 (03:06):
Folks familiar with the area Harvey Street, Hill Street, that's
kind of right where you mentioned the corner area where
that is. And there's a grocery store within water. I
mean this is again, you got a grocery store right
there that you can walk to. There's a park right
across the road. There's a convenience store a few blocks away,
a quick trip a couple of blocks away, because we
all know quick trip.
Speaker 3 (03:24):
That's that's key as well.
Speaker 1 (03:26):
You guys need to put like actually on your on
your listings, like distance from quick trip, Like I feel
like that should be a metric.
Speaker 3 (03:33):
It is. I know they have a walking store which
have a quick trips.
Speaker 2 (03:35):
Yes, yes, this is what.
Speaker 1 (03:37):
This place on Harvey Street is within walking distance of
a quick trip and a great grocery store as well
a ton of great.
Speaker 4 (03:45):
Especial amity downtown Manige, there's not a ton of quick trips,
you know. And when you get closer to downtown, they
you know, kind of disappeared.
Speaker 1 (03:51):
Really there's that one year camp Randall that doesn't have
gas that always throws me. And then there's yeah, that's
about the other thing too. And I hope folks get
a chance to check this out at thirty three oh
two Harvey Street, check it out at rock Wisconsin dot com.
I will tell you it is a It is a
cool neighborhood. It is a residential neighborhood with the conveniences
all nearby. If you're interested in the showing this morning
(04:13):
the morning, called Bethany Alexander her telephone number six oh
eight two one two forty one oh one. That's six
oh eight two one two four to one zero one.
Ask Bethany about that house on Harvey Street. If you
want to check it out as well, you can head
on over to Rock Wisconsin dot com. R Ock Wisconsin
dot com. I know what the holiday. You may have
some downtime this morning, maybe you are the only one
(04:33):
at the office and saying, you know, and I just
want to spend some time doing something fun. Head on
over the website Rockwisconsin dot com. That's our Ock Wisconsin
dot com and Matt, we'd like to kind of look
back at where things are. And the fun thing about
real estate is it's always changing and it reinforces the
importance of whether you're listing your home or buying a
home and working with an agent. Because factors are are regular,
(04:56):
it's not the same. It's not a static market. There
are different different factors that that vary and working with
a good agent is so important. Again on both sides
of the of the equation. It's going to break down
some of the some of these numbers. Then, for for
the month of November, we saw some some changes when
it comes to overall new listings, haven't we.
Speaker 4 (05:15):
Yeah, yeah, so I wanted to take a look at
November stats and then maybe also kind of chat at
the end. Well we can chat on where twenty twenty
five where the forecast, Yeah, you know might be heading. Yeah,
working with an agent, you get kind of real time
data waiting for the stats like we have to do.
We're about a month behind, right, so you know, today
we're going to look at November stats, which is about
(05:36):
a month ago. However, you know, it's pretty recent. What
we're seeing is you know, kind of a continuation of
what we've seen for you know, a couple of years now,
and that is with the number of new listings in general,
that's still you know, either even or now you know,
(05:57):
kind of dropping a bit. So yeah, it's a it's
a bit prising that we're not getting a few more
listings on the market, you know, since there aren't quite
as many.
Speaker 3 (06:05):
Buyers out there as there was in previous years.
Speaker 4 (06:08):
But yeah, there's there's definitely still a balancing of the
market going and still some tight inventory out there.
Speaker 1 (06:13):
I went down to my favorite hamburger stand, which is
located in Jefferson, the city of Jefferson, in Jefferson County.
Speaker 2 (06:18):
We else, we'll talk about it off the air.
Speaker 1 (06:20):
Fantastic place, but I'm looking here, and of course, as
we kind of break down Dane Rock and Jefferson, I
know we've talked a bit about Jefferson County the past
couple of weeks. It is a very desirable area to
be in because you've got you've got all the conveniences
of you know of you know, Jefferson's got a lot
of stuff, Lake Mills, that area, but also you've got
(06:42):
the openness we're looking for a little bit of land.
Speaker 2 (06:44):
You've got that.
Speaker 1 (06:44):
You've also got this thing called I ninety four, which
means if you drive thirty minutes one way, you're in Madison,
you drive thirty minutes the other way. You're at Fisurf
watching a Bucks game. I can see why, and we
look at the change that seems to be the one
that's really out of They're all doing very very well,
but Jefferson seems to be a very hot, hot county
right now.
Speaker 3 (07:04):
Yeah, i'd say that.
Speaker 4 (07:06):
You know, initially we kind of saw a lot of
changes within the Rock County area, right and but I
am we are seeing some some increase with Jefferson as
far as interest, as far as you know, number of
closings that are occurring. Yeah, it's right in between Madison Milwaukee,
like you pointed out, seeing some really good things as
(07:27):
you get closer down ninety four, right, so Jefferson, Johnson Creek, Watertown,
things like that to where people are looking for that
affordability and knowing that ninety four tends to have the
snow cleaned off little better than other other roads, it
makes it makes it attractive.
Speaker 2 (07:44):
You mentioned the momentum.
Speaker 1 (07:45):
I know, as you mentioned, Rock County has been very
very popular the past the past five years or so.
I know a lot of folks I will throw myself
in there that that looked that way when it came
time to list. Is Jefferson County kind of picking up
on that on that same kind of getting on that
same role.
Speaker 3 (08:01):
Yeah, I think it's jumping on people's radars.
Speaker 4 (08:03):
I think people are starting to maybe uh search via
map now and less via just the you know, name
of the town and saying okay, well I've never I've
never heard of Paul Meira, but Paul Myer is really
not that far from Madison, and it seems like it's
got a great price, right, So people are kind of
opening up their their.
Speaker 1 (08:23):
Search to that as we kind of break down some
of those numbers. We talked this morning with Matt Heytman
of Rock Realty Online Rock Wisconsin dot com. That's Rock
R O c K Wisconsin dot com. Is we break
down some of those numbers. How's it looking at to
see accepted offers houses throughout the area, throughout the counties
they're selling. I mean, there there are They is still
a very very active market, isn't it.
Speaker 3 (08:46):
Yeah?
Speaker 4 (08:46):
Yeah, what I thought was interesting with this, And obviously
a number of accepted offers also depends on number of
new listings that are out there. But you know, I
had mentioned for a few months here that we're definitely
seeing a balancing of the market, and you know these
numbers say that. Yeah, Dane County in November twenty three
over twenty or twenty four over twenty twenty three, one
(09:06):
hundred and nineteen accepted offers in both years. You look
at Jefferson similar twenty eight accepted offers in twenty twenty four.
Speaker 3 (09:15):
In twenty twenty three there's.
Speaker 4 (09:16):
Twenty seven, so in you know, sixty five and seventy
for the three county average.
Speaker 3 (09:21):
Rock County.
Speaker 4 (09:23):
Yeah, it actually looks like it's tightening up a bit,
you know, at least this last month. It was an
election month, so hard to say how much that affected thing. Yeah,
you know, I think people were a little nervous and
didn't throw their their homes in the market, and buyers
didn't go out and buy because you know, the news
told them to hold off.
Speaker 1 (09:40):
Yeah, it's about when you see Dane County at one
nineteen one, nineteen November to over November year over year,
is pretty that's a pretty that's pretty balanced about it,
I would say, So, yes, let's talk about it as
we talked too about some of this home sold. The
numbers there are are showing increase in sales also, aren't.
Speaker 4 (09:58):
We Yeah, yeah, so yeah, I think that we had
some leftover inventory if you will, you know, because so
many buyers were sitting on the fence waiting to see
what would happen. So we actually had an increase of
number of homes sold Dane County at three hundred eighty
seven twenty twenty four November, so last month and then
(10:20):
a year ago is three hundred and thirty nine, so
it was a fourteen percent increase in the number of
homes sold. Rock County had a twelve percent increase, and
Jefferson actually.
Speaker 3 (10:29):
Had a thirty percent increase.
Speaker 4 (10:31):
So Jefferson, Yeah, definitely got a lot of accepted offers
and sold homes last month.
Speaker 2 (10:35):
A lot of heat there.
Speaker 1 (10:36):
If you are looking for for those great opportunities, whether
you're looking to be Madison, Dane County, Rock County, Jefferson,
anywhere in the area. Matt and the team at Rock
Realty love to talk with you. I cant just pick
up film this morning game McCall six oh eight six
seven three fifty four hundred. That's six oh eight six
seven three fifty four hundred. The website Rock Wisconsin dot com.
That's roc K Wisconsin dot com. We'll talk a little
(10:59):
bit about home prices. We'll so talk a little bit
more about our featured listing at thirty three two Harvey
Street here in Madison. We will do all of that
next as ask the Experts with Rock Realty continues here
on thirteen ten WIBI eight forty eight thirteen ten WIBA
and ask the experts hanging out with Matt Heidman of Rockrealty.
(11:20):
Of course, you can learn more online their website, Rock
Wisconsin dot com. That's our ock Wisconsin dot com. Dolphin
number six oh eight six seven three fifty four hundred.
That's six h eight six seven three fifty four hundred.
Talking this week with Matt, I just got of getting
a as we kind of round out the year, take
a look back at twenty twenty four, also look ahead
to twenty twenty five, comparing some numbers of twenty twenty
(11:41):
four right now with twenty twenty three, and specifically the
most recent report out, which of course was for November,
and the price of homes, single family homes.
Speaker 2 (11:52):
They're moving in.
Speaker 1 (11:52):
A direction, not wildly in a direction, but they're moving
in the direction you'd expect. There There is been, there
have been some increases. But I look at some of
these and one of the numbers is not that crazy
in two some are. Some are a little a little
more stable, I guess than others.
Speaker 4 (12:08):
Yeah, I mean we still have inflation and home prices
are still steadily increasing, They're just not skyrocketing like they
used to, which is again part of balancing out of
the market, right, try to find that equilibrium between.
Speaker 3 (12:23):
Buyers and sellers.
Speaker 4 (12:25):
You know, Dane County, though, I mean it's it's still
a large increasier over year. Now granted this this is
kind of you know, all the months leading up to it,
but yeah, it increased a year over year nine percent
from twenty twenty four to twenty twenty three. You know,
last last month, so the current you know, the average
(12:45):
home sales four hundred sixty nine fifty last month compared
to twenty twenty three was four hundred and thirty thousand,
So Rock County a little smaller. They Again, we were
saying Rock County was really hot in the beginning, and
so I think it's pooled down a touch and it
is only about up two percent. Jefferson's up four percent,
so kind of as a three county average there you're
(13:08):
looking at just under six percent year over year price
increase in the medium price of single family homes.
Speaker 1 (13:15):
It's just sting when we compare the different counties, and
obviously different communities are going to.
Speaker 2 (13:18):
Be different as well.
Speaker 1 (13:20):
Going back to kind of my first thing I brought
up with you was working with an agent and understanding
that stuff is. I sometimes worry that people feel like
I'm going to get maybe they get discouraged, or they
you know, they hear things on the news or read
it in the paper, and if people are reading papers
still or see things online, I think the mistake is
sometimes people assume that that some of this stuff isn't
(13:40):
possible for them. And it's always one of those areas
where you don't know until you till you find out.
And as we're looking at some of these opportunities, and
you know, we'll talk about a little bit later in
the segment about our featured listing this week, there are
homes out there, and there are the right home for
the right person, But you got to start that. You've
got to you've got to take action as a potential buyer,
don't you.
Speaker 3 (14:01):
Yeah, Yeah, definitely I think that. Yeah.
Speaker 4 (14:04):
I was reading some stats about kind of the outlook
for twenty five and one of those stats was pretty
shocking that you know, from their surveys, they said that
two thirds of home buyers, potential home buyers are waiting.
Speaker 3 (14:19):
For rates to lower.
Speaker 4 (14:21):
Oh, two thirds, and I think they had mentioned eighty
five percent of home buyers saying that they would feel
comfortable when rates started with a five right. The you know,
the issue there, of course, is that once they do
get that low, you got two thirds of the market
rushing into the market and competing with you.
Speaker 3 (14:42):
Yeah.
Speaker 4 (14:42):
So yeah, yeah. The waiting and not just refin financing
in the future could be pretty detrimental to the price
that you get on a house and whether or not
you get that ideal.
Speaker 1 (14:54):
House, and when you bring up to kind of the
if if rates were to go there and what would happen.
We just got done talking about where housing prices have gone.
If a lot of people are jumping in the mart. Now,
I'm not going to sell my house anytime soon, but
if suddenly you were to tell me that there are
a bunch of people looking to buy, I know what
my house price would need.
Speaker 2 (15:15):
Yea.
Speaker 1 (15:16):
And you mentioned that refi option, which is an amazing option.
I again, I'll go back to just my personal story.
We bought our house traditional thirty year mortgage, and then
a couple of years into it, we were at a
credit union in the area and they're like, hey, you
know we've got not a fifteen year, but we've got
a twelve year with crazy rates, and we did that,
and we're like, okay, let's do that. And for folks
(15:39):
that are maybe waiting on the sideline, you can get
the house right now at a good price, and if
rates change, you simply refinance, and you may be amazed,
especially a little bit equity as well, what you might
what might be available to you. So I mean, very
very exciting, and let's look forward to you mentioned twenty
twenty five, let's look to the upcoming year and years
(15:59):
to come. What do we kind of what's kind of
the outlook for the markets overall?
Speaker 4 (16:03):
Yeah, so, you know, looking at a bunch of different
sources as far as whatever he was predicting, everything from
National Association realtors to Fannie May to realtor dot com.
Even the home prices are still predicted to continue to rise,
you know, anywhere between three and five percent, and that's
kind of what we had been seeing anyways over the
(16:24):
last year. Is actually a little bit higher, but you know,
let's call it four to five percent probably, And.
Speaker 3 (16:33):
Rates are predicted to lower but not by much.
Speaker 4 (16:36):
Right, So in general, we're anywhere between six point five
percent to six point seven percent ish right now, kind
of as an average mortgage rate by the end of
twenty twenty five, they're looking for that only lower at
most about a half point right, So if you're you know,
having that rate lower so small and all these buyers waiting,
(16:56):
you know, the longer you wait, the higher the house
price is going to go, and the more competition you're
going to have, you know, and speaking with you know,
all the agents of my firm, just yesterday, I said,
you know, our model really for this year this coming
year should be.
Speaker 3 (17:11):
Refi in twenty twenty five.
Speaker 4 (17:12):
Yeah, right, You can always refinance later if it comes
down to a point that it makes sense, right, it
makes more sense to kind of pay the closing costs
and get that lower rate. But competing with other buyers
and maybe not getting that perfect home for you, I
think is much much more detrimental than just having to
(17:33):
refinance in the future.
Speaker 1 (17:34):
One of the areas you think of folks right now,
whether they're looking like a first time home buyer, or
maybe you're in a house that just doesn't fit your
lifestyle anymore. Maybe the kiddos have moved out and you're
looking for something simpler. There are buyers out there if
you're in that situation, and you will get you will
get buyers on your current home if you're orf then
kind of entering into that market, if you're a first
time buyer, and of course move up or downsizing a
(17:57):
potential buyer. On the other side of that, there's there's
so many great opportunities out there. And again going back
to reinforcing working with a really good agent to find
those perfect opportunities for you. Again, it's a good day
to start that conversation. A good time right now, of course,
as we are making resolutions and kind of looking for
twenty towards twenty twenty five and beyond. Great day to
start that conversation with folks at Rock Realty tefl number
(18:19):
six so eight six seven three fifty four hundred. That's
six seven three fifty four hundred. Speaking of fantastic opportunities,
this house thirty two oh two Harvey Street in Madison.
I've been doing like some Google street Maps and some
things taking a look at it. Just it's a beautiful, beautiful,
nice little home and a nice just about as desirable
of neighborhood as you're going to find. The convenience of
(18:41):
actual having neighbors and having a neighborhood, but also the
convenience of having things like again not too far away
a quick trip and in some malls, and the university
and the hospital. I mean, this is a really I know,
real estate. You often hear that term prime location. This
is genuinely the primest location you're gonna you're gonna find.
Speaker 3 (18:59):
Isn't it. Yeah, I would agree.
Speaker 4 (19:00):
And it's just like just a great house, a little
Cape cod that's got what you're looking for. You know,
it's got the three bedroom, the two bath, and you
know it's got a separate garage for you. And there's
just a lot of opportunity to you know, build that,
build that into maybe a larger home if you need it,
or maybe you know, upgrade from there in the future.
(19:21):
I could even rent this out. I'm sure there's a
lot of people looking to rent this.
Speaker 2 (19:25):
You could make make a killing renting.
Speaker 1 (19:29):
It's interesting when you mentioned doing some upgrades or that
was one of the things I thought, Goodness, if this
house isn't the exact house, the lot is the mean,
regardless of who you are, whether you want to want
to upgrade or keep the house there, or maybe look
to put something different. I mean, they're not as I
always say about land, they're not building more and you're
(19:49):
probably not going to find a more desirable lot than
this one as well, So check that out again. It's
at thirty three oh two Harvey Street. If you want
to get a listing or have more questions, Bethany alexand
Or is standing by all. I got to just pick
a phone, give or call six oh eight two one
two four one zero one. That's six oh eight two
one two forty one oh one again for that featured listing. Again,
it's a thirty three oh two Harvey Street. More information
(20:12):
also available to you online at Rockwisconsin dot com. That's
Rock R O c K Wisconsin dot com. Head on
over there and uh and check that out so much more. Matt,
it's always great hanging out with you. You have a
happy new Year, and we'll do it all again in
twenty twenty five. Sounds great news comes your way next
right here on thirteen ten WIB eight
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