Real Estate Information Archive

2012 Lake Geneva Lake Front Real Estate Closings

Here are the Lake Geneva lake front real estate closings from 2012 shown by price range. The price segment of one to two million had the largest number of transactions at 16 with the two to three million price range being the next highest with 7. The 32 closings represented just over 70 million dollars in Lake Geneva lake front real estate sales volume.

Contact Bob Webster of Keefe Real Estate at 262-348-3233. View the current Lake Geneva lake front homes for sale here. If you'd like to receive a weekly update of all the new Lake Geneva lake front listings and sales, fill in your name and Email address below.

Bob Webster of Keefe Real Estate in Lake Geneva shares the details of an exceptional condominium real estate value in the Lake Geneva area at the Abbey Villas in Fontana, Wisconsin. The unit is on the market for $249,900.

Contact Bob Webster of Keefe Real Estate for more details.  Go to the Lake Geneva Property Web Site for an easy way to search for property in the Geneva Lakes Area.

Lake Geneva Lake Front Market Share Leader

Bob Webster of Keefe Real Estate in Lake Geneva has been involved in 18% of the Lake Geneva lake front closings YTD in 2012. There are 7 lake front properties under contract on Lake Geneva at the present time. This remains a great time to be in the market for a lake front home with an outstanding selection of property for sale. Call or Email me and I'll let you know which ones are the best values.

Contact Bob Webster of Keefe Real Estate at 262-348-3233 or go to his Lake Geneva Property Web Site for easy ways to search for water front property in the Geneva Lakes Area.

Lake Geneva Lakefront Located at Black Point

This spacious 5 bedroom, 5.5 bath Lake Geneva lakefront home will impress you with the bright and open floor plan and great lake views from most rooms. Completely rebuilt from the ground up in 2003. Fabulous kitchen with granite counters, Viking range, and oak floors, Master Suite has Jacuzzi tub, shower, sauna, fireplace and outstanding lake views. Living room sits at the water's edge with marvelous views, cathedral ceiling, fireplace and wet bar, huge deck, lakeside patio and a total of 5 car garage spaces. Take a Virtual Tour.

Contact Bob Webster of Keefe Real Estate at 262-348-3233 for more details or go to the Lake Geneva Real Estate Property Web Site for an easy way to search for lakefront property in the Geneva Lakes Area.

A Recent Lake Geneva Real Estate Condominium Closing

I recently closed on this 4 bedroom, 2.5 bath condominium unit located in the Prairie Wind Condominium development in Lake Geneva with the assistance of Carol Becker Samsa from the First Weber Group in Greenfield Wisconsin. This was my first transaction with Carol and she was a real pleasure to work with. The financing on this transaction was provided through Sheri Day with Johnson Bank in Burlington. Sheri did a great job and I would highly recommend her. Don Melton of HouseMasters did the home inspection and was very helpful when an issue of a high Radon level was discovered during the inspection. With the help of Karla Newman from Radon Remedy we were able to remediate the unit and bring the level below acceptable EPA recommendation of 4. I have used Karla and her professional team at Radon Remedy many times and would highly them as well.

This unit was a great example of some of the exceptional values that are currently available in the Lake Geneva Real Estate market. Although this transaction had some bumps in the road, with the help of all the folks involved we were able to get the property to a successful closing with a very happy Buyer and Seller.

If you have any questions about the Lake Geneva Condominium Real Estate market, contact Bob Webster of Keefe Real Estate at 262-348-3233 or fill in the form below with your request for more information.

Here is a quick update on the Lake Geneva Real Estate market for the 3rd week of January 2011. It's still a little early to have a good feel for where the market is headed here into the new year. December of 2010 was busier than we would normally expect for that time of year and many of us are hopeful that January will end up being the same. Interest rates continue to be extremely attractive and near record lows, even though there has been a slight increase in rates the last few weeks. There are a number of exceptional values in all segments of our market including primary homes, rural and country homes and condominiums, both with and without lake access. There are also some great values in the second home market with lake access and lakefront homes on the various lakes in the area, including Lake Geneva, Delavan Lake, Lauderdale Lake, Whitewater Lake, Lake Beulah, Twin Lakes and Powers Lake. 

Contact me today at Bob@LakeGenevaLakefront.com if you'd like to be receiving information on some of these great values as well as being notified as any new listings come on the market or Click Here for a complete overview of information on the various lakes in the area.

I hope you are enjoying this wonderful weather we’ve been having so far this month.  I can’t say that we have seen a dramatic effect on the real estate activity here in Lake Geneva, but it sure can’t hurt and I have to believe that if not directly, at least indirectly it is just making people feel good to be able to enjoy sunshine and warm weather in the month of October. 

It was encouraging to see the stock market close over the 11,000 mark last Friday.  I think anything that helps people feel a little better and more positive about the economy in general will work to overcome the caution and conservative thinking that lots of people seem to have right now about making big ticket purchases like real estate, applicable to both the primary and second home markets. 

I’m afraid we’re in for a messy few weeks of political ads and mudslinging but hopefully we can come through the process and things will be a little clearer about deficits and possible tax increases that I think are also weighing on the minds of Buyers today, again if not directly, possibly indirectly in some cases. 

You’ve probably heard of talk over the last week about all the mortgage foreclosure problems and a possible moratorium on the ability of banks to proceed with foreclosures.  It’s hard to know what kind of positive or negative effect that could have on the real estate market over the next few weeks and months so we’ll just have to continue to follow that story, the link below will give you a short overview of the details. 

I attended a meeting last week regarding some rules changes from the Department of Natural Resources with regard to piers on lakes and waterways in the State of Wisconsin.  The information is a little confusing and there are going to be lots of questions about what a property owner should do.  My advice to waterfront property owners is to contact legal council to get advice on whether to register the pier at this time.  I attached a link below to an article that has some of the details of the rule changes. 

Mortgage interest rates have dropped again, 4.19% today on a 30 year fixed rate.  It certainly leads me to believe that potential Buyers in the market may very well come to the conclusion that the smart thing to do is buy today and lock in these very attractive rates, rather than roll the dice in hopes of rates going lower.  Between these low interest rates, the lowest in decades, and some great values in the market today, I’m hopeful we’ll see some business coming together over the coming weeks this Fall.

Home Foreclosures

New Pier Regulations

More Good News on Interest Rates

The weatherman says we have a sizable snow storm headed our way in Lake Geneva over the next few days.  I’m not sure most adults are very excited about it but I’m sure many children are, with hopes of a snow day (or two) from school.  It will also presumably assure us of having a white Christmas so maybe in the big picture it won’t be such a bad thing. 

We are in the midst of what is traditionally a slower time for the real estate market with many prospective Buyers attention being diverted to the holidays.   It will be very interesting to see how things start out for the New Year and I know many real estate agents will be glad to tear off 2009 from the calendar and have high hopes and expectations for 2010.

I sense that some Buyers are beginning to come around to feeling as though the timing for making a purchase has improved but the fact is there is still a high level of concern and anxiety over jobs and the economic recovery.  I’m constantly hearing the term “these difficult times” that many advertisers and analysts are using these days and it has to have an effect on the way people think, even if things aren’t too bad for them.  Talk of a “W” recession that tries to make people believe that the current economic uptick is temporary and is going to be followed by another downturn is one of those self-fulfilling prophecies that I think we could all do just fine without.

I remain hopeful and optimistic about our real estate market and have every reason to believe that our area has the potential to outperform many of the other troubled markets and that we can be the exception to whatever negative outlooks and trends the “doom and gloomers” continue to talk about. 

October is turning out to be an interesting month for activity in the real estate market.  Many markets are experiencing a continuation of strong activity in the lower end, entry level price ranges with the upcoming expiration of the $8,000 tax credit at the end of November.  You’ll probably hear news of a lot Buyers scrambling to get to closing by the deadline.  We’ve not seen a great deal of benefit from that particular program here in our market but anything that helps create sales and activity is a good thing.  Interestingly, I had 4 showings last weekend on a Lake Geneva lakefront listing of mine, which was really encouraging and is hopefully a sign that we’ll some second home business come together between now and the end of the year.  Also encouraging is the fact that the last two Lake Geneva listings that have come on the market in the last month have both received accepted offers on them in less than a week.  But one was listed at $1,200,000 and the other was listed at $1,595,000. We have not seen the same level of interest and activity in the higher price ranges on the lake but again it gives us some good news to be sharing with the numerous Buyers sitting on the fence waiting for a reason to take action now rather than waiting.  If we can luck out with some nice Indian Summer weather for the rest of the month, I think there’s a good chance I’ll be able to be sharing some more good news with you soon.

This year has presented us with some of the most difficult times in terms of trying to accurately get a handle on what’s happening in the real estate market and what direction the various parts of the market are headed.  We’ve had some exceptionally nice weather since Labor Day, probably more nice days than we did in the “summer” and there seems to be somewhat of an effect on certain parts of the real estate market.  The $8,000 First Time Buyer Tax Credit being offered by Uncle Sam has had a positive effect on the lower end entry level priced homes in many parts of the country.  That program has an expiration date, similar to the way the Cash for Clunkers program worked, coming up at the end of November with some Buyers now scrambling to get to closing.  In some areas of the country it has definitely worked and been responsible for an increase in Buyer activity and the sales numbers being reported.  The second home market in Lake Geneva continues to be soft, despite many Sellers adjusting asking prices down to the point where there are some very attractive values available to Buyers willing to ignore all the doom and gloom talk and step up and take action now. 

It just seems that many folks are being extremely cautious right now about making financial decisions and many are just not comfortable taking on additional debt in what the media seems to enjoy referring to as these “troubled economic times”.  I really dislike that term, because I think if people hear it enough over and over, it can become a self-fulfilling prophecy.  Despite this, I remain hopeful that some of the signs of increased levels of activity we have begun to see recently will continue and that the market will respond in a positive way to what I believe is a great time to be in the market for the long term.

 
I’m not giving up on 2009 as the Fall season can be a beautiful time in Lake Geneva with lots of visitors to the area.  I’m determined to make the most of the next couple of months to see if we can get some additional business done and end the year on a more positive note.