1st Quarter Real Estate Market Update - Madison and Surrounding*
Seven families will receive a $15,000 grant to purchase their first home
OWN IT: Building Black Wealth announced that seven families from the Madison area will receive a $15,000 grant to put toward the purchase of their first home in 2022. This is the inaugural round of grants awarded by OWN IT as part of a new program and down payment fund administered in partnership with One City Schools.
Alvarado Real Estate Group has had a large role in creating this initiative since day one and we are so excited to share this announcement!
Families receiving a grant are among the first
We often hear people say they love what they do yet their actions do not match up. That is not the case for our team. We are so lucky to have a team that is continuously showing up for each other, their clients, and themselves. Whether it is a community event, going the extra mile to ensure someone gets the home of their dreams, or helping each other out when the load gets heavy, our Alvarado Group family shows through words and actions how much they love the work they’ve chosen.
To celebrate the love month of February, we asked some of our team what they love about their work. Here is what they said…
In September we partnered with the Creando Little Language Learners for the Monroe St. Festival. We love them so much and are happy they take residence with us on Monroe St. However, many people might not know
4th Quarter Real Estate Market Update - Madison and Surrounding*
Exploring how sales have changed, we found that 4th quarter sales in 2021 ended with 31% less condos and 21% less single family homes sold than 3rd quarter. A normal seasonal drop around winter, but when comparing to 4th quarter 2020 there was a 10% drop in condo sales and 9.2% drop in single family homes.
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 |