I am 4th generation at the lakes area with over 121 years of history between Delavan and Geneva Lake. Born in Oak Park, raised in Wilmette and then my family moved to Libertyville. It was time to marry the two together! I am proud to announce my affiliation with @properties of Chicago and now Lake Geneva.
Why are there so many properties for sale in Geneva National?
It sure looks that way doesn’t it? I get this question all the time and here is the answer. Geneva National is about 1800 acres and right now this residential community has over 1114 structures. Those structures involve single family homes, condominiums, townhomes, and duplexes. This is a village unto itself with variety and beauty rolled into one. The national average for a community of this size is to have 10% of the total on the market at one time. That means that for Geneva National 110 properties on the market is a norm. We have fluctutated from a low of 90 to a high of 157 in the down turn. Right now Geneva National is trending normal and, as usual, with much variety. Keep in mind that every property in an association that pays monthly association fees for common amenities and common areas is zoned a ‘condominium’. So yes, there is a 1.7 million dollar single family home in Geneva National zoned a condo. Yet it has it’s own surveyed parcel and that home owner will take care of their house, the land, the grass and the snow. Geneva National has a tremendous mix of ‘homes’ it just depends on how you want to spend your time, money and energy. Need to know more? You can give me a call at 262.949.9272 or email me off my website.
55+ Consumer and Product Trends
John Burns Real Estate Consulting, October 13, 2014.