How one Madison condo development is selling its units

Two-and-a-half years ago a very nice west-side condo development put its 42 units on the market. But sales were sluggish. Only half of the units sold after two years of marketing.

Then the development slashed the prices for all of its remaining units.

Take a look at the price history for all of the 1,236 square foot units in this development. Prices were cut by about $20,000 earlier this spring, and now all of the remaining units have either sold or will be closing soon.

We are seeing more and more cases of condo developments cutting their prices, and in some cases, buyers are responding. A good product at a good price can sell very quickly, even in this market.

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com