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April 2013

There are 5 blog entries for April 2013.

Our listings sellThinking of selling your Madison home or condo? It's a seller's market this year and prices are rising. With lower inventories and increased demand, many Madison area sellers are learning they can win back much of their equity that was lost during the real estate downturn.

So how can you knock your sale out of the park? Below are 5 ways you can maximize your selling price in this year's market. The first two tips focus on market analysis. The last three tips involve specific marketing strategies.

5 Tips for Selling at a High Market Price

  1. Know the months of inventory in your neighborhood. Your listing agent can assist you with this when he performs your market analysis for you. Neighborhoods with low months of inventory are prime locations for
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The pendulum has swung for Madison real estate. It's a seller's market this year. Many Madison listings are receiving multiple competing offers. Homes and condos are selling quickly. And they're selling for higher prices.

So what's a buyer to do? Below are ten tips to help you land your dream home in 2013.

Ten Home Buyer Tips

  1. Don't rely on open houses as your method for finding a home. Buyers this year are learning many new Madison listings are selling within days of going on the market, even before the first open house!
  2. Don't limit your search to distressed properties. The inventory of bank owned-properties and short sales is shrinking, and many other buyers and investors are already combing over these listings.
  3. Don't assume the condo
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We posted earlier this year how Downtown Madison condo prices were set to rise in 2013. As we make our way into the Spring buying season, we are in fact seeing prices rise in many areas of Madison, and especially downtown. The inventory of condos for sale in Downtown Madison is much lower than in previous years, and sales are up significantly. Consider these numbers for the first 3 months of 2013 which come from our review of data from the South Central Wisconsin MLS:

Dane County condo sales were up by a whopping 59% from the first 3 months of 2012, but even more startling downtown sales were up by 89%.  That's right, during the January through March time period, downtown condo sales totaled 34 purchases versus 18 the year before. We expect this pace

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The 2013 Wisconsin Film Festival takes place from April 11th to the 18th at the Sundance Cinema on Madison's near west side and at various venues in Downtown Madison. Believe it or not, this year marks the 15th anniversary of the festival, which has quickly become one of Madison's signature annual events. 

This year's film fest offers an excellent opportunity to take in some great cinematic entertainment in two great areas of town. Visit the Great Dane Brew Pub after a show at the Sundance, or dine at one of many other excellent restaurants in the Hilldale area.

If you're hanging out Downtown, kick back and relax at one of the many fine food and drink establishments near the center of town. This weekend you have dozens of movie and restaurant

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Thinking of building a new home in Madison, Wisconsin? You're not alone. Housing starts in the Madison area are up by more than 75% through the first two months of 2013. And we see the trend toward more home-building continuing throughout the year.

Here are a few reasons why:

  1. The inventory of existing homes is at its lowest point since 2005.
  2. Foreclosures continue to decline rapidly, which well help to keep inventories of existing homes low.
  3. Demand is high. Madison homes are selling at their fastest pace in the last 6 years.
  4. There is a large, pent-up demand for real estate, which suggests we'll continue to see robust sales in the year ahead. Contrast this to the last several years when home sales were at depressed levels and consumers
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