Madison has one of the fastest growing and dynamic real estate markets in the United States. In fact, it's condominium developments and listings have played a large and increasingly influential role in the city's overall marketplace. Here is an overview of what to expect if you are looking at condos in Madison using a similar city, Toronto, to draw comparisons from.
Once you have determined the needs of you and your family, you will be able to determine where you can and should live. If you are looking for the best of rural and urban living that Milton Ontario real estate brings, familiarize yourself with Madison's surrounding areas. Condos inside and outside of the city are increasingly attractive as principal and secondary homes for vacation and recreation homes.
Much like Toronto, Madison has a beautiful waterfront that is home to some amazing condo opportunities. From its Harbourfront and Queen's Quay to Edmonton condos, Torontonians really pay a premium for their premium views of the cityscape and water. You will find that listings in Madison's Downtown, Capital Square and Brody Drive areas cost half as much for similar vistas.
Condos in Toronto's downtown residential areas are some of North America's most expensive at an average of $346,000. King Street West or Merton Street condos in Toronto start at about $220,000 for a one bedroom unit. That is about 30% higher than similar listings in areas like Baraboo, Johnson Creek, Waunakee, Seminole Glen, North Hancock, Egg Harbor or Parkview Condominiums.
Also similar to Toronto, Madison has numerous developed communities in its surrounding area. Much like Willowdale or Etobicoke condos, you will find condo listings in areas like Old Sauld Road, Cledell Street, Verona, Blooming Grove and East Portage starting at around $90,000.
Be sure to also consider some of the listings in areas like Lake Mills, Beaver Dam, Cricket Lane, Westside, Sun Prairie, Middleton, South Central. Condos there start at about $110,000. Similar to most listings for a Scarborough condo, you can find two bedroom condos listed in Fitchburg, West Madison or Westport for $149,000 and up.
Other areas to consider buying a condo in are Cottage Grove, Windswept Way, McFarland, Hilldale Row/Hilldale Mall, Merrimac near Summer Oaks and Wisconsin Dells. With some appreciation of the market's value and trends, the features and benefits of condo ownership in each neighborhood, you are sure to make a perfect purchase.