Madison WI: The 14th Most Recession Proof City & Other Snapshots

By
Real Estate Agent with The Stark Company

The Top 21 list of America's Most Recession-Proof Cities has just come out from CNN/Money. 

Madison ranked fourteenth on the list of cities singled out for keeping their labor/housing markets stable and posting robust economic activity during the past couple of years. It has always been said of Madison that we weather any economic storms (or tornadoes in our case) quite well.  I have included a few other statistics below as well as the list of Most Recession-Proof Cities

  1. Albany, N.Y.
  2. Augusta, Georgia
  3. Austin, Texas
  4. Baton Rouge, La.
  5. Buffalo, N.Y.
  6. Columbia, S.C.
  7. Dallas, Texas
  8. Des Moines, Iowa
  9. El Paso, Texas
  10. Honolulu, Hawaii
  11. Houston, Texas
  12. Jackson, Mississippi
  13. Little Rock, Arkansas
  14. Madison, Wisconsin
  15. McAllen, Texas
  16. Oklahoma City, Oklahoma
  17. Omaha, Nebraska
  18. Rochester, N.Y.
  19. San Antonio, Texas
  20. Tulsa, Oklahoma
  21. Washington, D.C

 

South Central Wisconsin MLS snapshot in the past week is a follows:

Residential Condos
New Listings           290 57
Price Reduced           83 11
Pending           468 78
Sold           82 10

 

Dane County Residential listings for the month of June 2010 compared back to June of 2003 

JUNE - DANE
Residential Listings (No Condos)
2010 2009 2008 2007 2006 2005 2004 2003
# New Listings 741 764 872 923 1,042 880 794 737
# Sales * 607 556 570 705 690 788 792 645
Average Sale Price 255,868 240,327 272,060 274,295 276,245 259,966 243,784 232,295
Median Sale Price 227,000 215,000 238,205 233,000 235,000 226,332 210,000 191,000
Total Active Residential Listings at end of month 2,966 2,740 3,018 3,029 2,871 1,831 1,474 1,228
* Sales reported as of July 15, 2010

 Dane County Condo only listings for the month of June 2010 compared back to June of 2003 

JUNE - DANE
Condo Listings

2010 2009 2008 2007 2006 2005 2004 2003
# New Listings 202 273 372 390 546 309 215 162
# Sales * 198 155 173 267 261 279 254 201
Average Sale Price 168,350 168,792 184,760 205,215 187,195 185,264 175,403 185,965
Median Sale Price 143,800 153,000 156,900 175,000 167,827 165,900 159,950 159,900
Total Active Residential Listings at end of month 1,763 2,000 2,144 2,429 2,281 1,207 744 486

* Sales reported as of July 15, 2010

 

When you have real estate needs, whether selling  or a buying, give me a call and lets chat. I answer the phone with a smile and listen first and talk later.

MadisonWIRealEstate@gmail.com 

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Your Real Estate Personal Shopper©

 Barbara Chatterton's signature   

Middleton Wisconsin Real Estate

The Stark Company 

702 N High Point Rd, Suite 100

Madison Wisconsin 53717

Call or text 608.239.2777 

 

 

 

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Location:
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Eric Kodner
CRS, Madeline Island Realty, LaPointe, WI 54850 -
Madeline Island Realty

A good statistic for Madison, to be sure! 

But did you notice that half of the "recession proof" cities listed are in right-to-work states, mostly in the South?  Other than three cities located in New York State, Iowa, Hawaii, Wisconsin, Nebraska and the District of Columbia, the majority of the cities that made this list are Southern states (Louisiana, Mississippi, Texas, Oklahoma, Georgia, Arkansas and South Carolina).

This chart speaks to the depth and breadth of the current recession.  It seems like the best way for a city to be recession-proof these days is to be a cheap labor haven, with cut-rate wages.  I'm glad to see Madison, Wisconsin on the list, but it's ominous to see how bad things are out there. 

August 09, 2010 10:13 AM
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Barbara Chatterton

Middleton Wisconsin Realtor
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Additional Information

7510 Farmington Way, Madison, WI 53717


Overview
Maps
Photos
Description
Neighborhood



















$427,000
Single Family Home
Main Features
4 Bedrooms
3 Bathrooms
1 Partial Bathroom
Interior: 3,852 sqft
Lot: 0.26 acre(s)
Location
7510 Farmington Way
Madison, WI 53717
USA

To get updates on open home dates and other property events, please click the "Like" button below:


Barbara Chatterton

Barbara Chatterton

The Stark Company
(608) 239-2777
bchatter@starkhomes.com
http://www.MiddletonRealtors.com



Listed by: Barbara Chatterton

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