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.

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.

We are mid way through the month of September, isn’t it great that summer has finally arrived?  We had an exceptional run of nice days last week and the weather over the weekend was as nice a weekend as I can remember in a long time.  I had occasion to attend our statewide Wisconsin Realtor Convention last week and had an opportunity to brainstorm with a number of agents from across the state on the current market conditions.  Many areas, especially the in larger markets, are definitely seeing signs of the market picking up and much of that credit is being given to the $8,000 tax credit being offered to first time Buyers.  That program is due to expire at the end of November and there is some talk of a possible extension or expansion of the program in the works.  That would be good news for those of us in markets with higher price ranges, especially if the program is expanded to go beyond just first time Buyers.  The second home market here is the southern part of the state as well as the northern part of the state remains sluggish with lots of questions in terms of what it will take to give the second home Buyers the confidence to decide to move forward and take some action now.  With much concern about job losses, healthcare debates, talk of higher taxes and the possibility of increasing deficits, it makes the job of selling people on the idea of considering a second home purchase at this time increasingly difficult.   I’ve had several discussions the last couple of weeks with potential Buyers who think that they can come in with extremely low, unrealistic offers and that Sellers should be willing to give them serious consideration.  There was an article in the Chicago Tribune recently that I have been able to use with many of these types of Buyers that basically says Sellers in several of the resort markets are not giving their properties away and that Buyers need to keep this in mind when it comes to second homes.  There was a local real estate agent interviewed who has done very little second home business around the lake but in spite of that, he made some good points and the author of the article did not seem to try to change the basic message he and the agents from the other markets seemed to be making.   I’ve included a link to that article below.  I remain hopeful that this will be the year that the post Labor Day selling season will outperform the traditional summer season and that we’ll end the year on a high note. 

Chicago Tribune Article

When will Spring arrive?  That’s the question on everyone’s mind these days.  What a disappointing weekend we had last Saturday and Sunday with the torrential rains on both days.  Not the kind of weather conducive to bringing people out looking at real estate.  I guess the good news is that when the nice weather does finally arrive, we are definitely going to have some very healthy green grass all around us to enjoy looking at.  In spite of the weather last weekend, I did have two showings on Saturday and two on Sunday on a new listing I took recently in Williams Bay, so we are seeing some activity beginning to take place.  Have you noticed that there is some positive news being reported about real estate these days?  Not so much with the sales numbers and statistics, as those numbers are still showing declines in most cases through the month of March, but more to do with a higher sense of optimism about the future.  In two recent articles I saw, one referred to the so called “bottom” being in sight and the other talked about the increased number of first time Buyers deciding to purchase now.  Much of the increased activity does in fact seem to be related to first time Buyers, possibly taking advantage of the $8,000 tax credit recently passed in Washington, and a number of sales are happening in some parts of the country on REO or bank owned property that is priced in many cases at below market prices.  However it starts and whatever it starts with, if the public hears that people are electing to buy now, that can only have a positive effect on the market overall and encourage more Buyers to have the confidence that now is the time to take action.