Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

44
Posts
34
Votes
Andy Crooks
  • Real Estate Broker
  • Verona, WI
34
Votes |
44
Posts

Dane County/Madison area, WI Real Estate

Andy Crooks
  • Real Estate Broker
  • Verona, WI
Posted

Hey BP,

Thought I would start a forum to hear what people are seeing and hearing in the greater Madison, Wi area in Dane County. Below are some of my thoughts and observations.

Construction continues for both single family and many multi family projects who were entitled before the pandemic. Lumber is still high. Drywall is being allocated because costs increases are coming next year and manufactures don’t want vendors stockpiling. Insulation is on backorder. A slow entitlement process just got slower.

Interest rates are still low and we still have more buyers than inventory. Veridian is the only construction company touching affordability on new construction, but they build 4/5 homes in the county and are vertically integrated which helps immensely!

During the pandemic we saw our MF portfolio vacancy rates double from 1% to 2% on 1500 market rate West Madison-ish units, and we are having strong lease up on a new construction project coming on line in the Spring.

We have 2 units remaining on a 9 unit condo we developed in Middleton School District that first got occupancy 5/1-early pandemic (Bearclawtownhomes.com). Both remaining units are townhome style 2BR/2.5BA 1500SF for $350k+.

What are you looking for that you can’t find? What are you seeing? What can I do to help?

Andy

Loading replies...