Lake Geneva Lakeviews

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.