As you probably know, while the nation sorts out the housing downturn and caution on a possible recession, Lake Geneva, Wisconsin while ‘influenced’ is not affected in the same way. Generally our inventory isn’t climbing that much and our prices aren’t falling that much. Especially in our secondary home market. Those home with lake access, deeded boat slips, waver runner ramps and assocation lake rights are even in more demand as a long winter begins to recede. However, Buyers who don’t understand this market area are influenced by the media to delay deciding, as they may be in their own market.
Real Estate is like the weather….it only depends on what is happening in your local area.
Whether properties have been on the market for awhile or have adjusted pricing the reality is that those properties will be placed under contract and won’t be available within the next four weeks. Visitor traffic will increase and Buyers looking to take advantage will arrive to pick them off in order to get organized and on the Lake by Memorial Day weekend. Don’t delay if a property is catching your eye…….