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| April 2007 |
Current Real Estate ConditionsLast year’s southern Wisconsin real estate market numbers have certainly challenged us to come up with a neat, concise overview. What really did happen? To begin with, in Walworth, Kenosha, and Racine counties the number of transactions decreased 16%, 10%, and 13% respectively. At the same time, the average sale price increased in Walworth County to $292,000, in Kenosha County to $199,000, and stayed the same in Racine County at $183,000. So much for all the “sky is falling” prognosticators spreading doom and gloom about the real estate market! Having said all that, sellers in today’s real estate market should not necessarily start seeing stars in their eyes yet. An important fact to remember in all of these counties is that the homes being listed on a monthly basis outstripped the number of homes being sold by 10-20%. As a result, there is still a larger than normal inventory available to buyers in most price ranges. The good news is that prices have remained stable through the past year. Most sellers complaining that they sold their home below market value probably had either built too much future appreciation into the original listing price or the condition of their home may have caused a price adjustment downward. Another positive indication of market recovery is that in the past 30 days our showings and offers have increased compared to the same time period of last year, even though our listing inventory is almost twice what it was two years ago. Right now our crystal ball would seem to foretell that by the third quarter of this year the real estate market should start falling into a more normal proportion of listings versus sales. |
Keefe Outsells all Others in Walworth & Racine CountiesKeefe Real Estate has been recognized as the leading real estate company in Southeastern Wisconsin for many years. Sales results for January - March 2007 from the Multiple Listing Service (MLS) show that Keefe Real Estate is still the sales leader in Walworth & Racine Counties. Whether buying or selling, partner with Keefe to Get Results!
This chart combines “sold” listings of all office locations and independent offices of each multi-office or franchise organization identified. It includes listings which were sold by such organization itself, or with the aid of a cooperating broker for Racine or Walworth County and time period indicated, according to data by the Multiple Listing Service, Inc. This representation is based in whole on data supplied by the MLS. MLS, Inc. does not guarantee or is in any way responsible for its accuracy. Data maintained by the MLS, Inc. may not reflect all real estate activity in the market. Top |
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Keefe Real Estate Search - New & Improved
Find your next home at KeefeRealEstate.com! |
Monthly Real Estate Guide 
Find just the property you are looking for with the new & improved Keefe Real Estate property search. Easily find any Southeastern Wisconsin MLS listed property matching your specifications. Save time by logging in to our Home Finder and you can save your searches to refer to later and even have new listings matching your search criteria emailed to you as they become available.
Summer Rentals & More! |
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Relocating to the area? Building a new home? We also offer long-term rentals (6 months or longer). Our properties span the area of lakefronts on Lake Geneva, Lake Delavan, Lauderdale Lake, Whitewater Lake, as well as Abbey Springs and Geneva National. To view pictures, pricing and details, visit www.KeefeRentals.com or call our specialists today for rates 866-818-8637. Top |
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Looking to visit & stay in the Geneva Lakes area? You're sure to find a condo, townhouse, or private home to suit your needs. Title TipsWhy is it beneficial for a title company to handle construction escrow and what does it mean? You are ready to build your dream home and your lender says you must set up a construction escrow with the title company. The title company wants you to sign a construction escrow agreement so they can “disburse” the construction funds. Most lenders will require this process on a construction loan to assure proper construction disbursement of funds and collection of all lien waivers. Once the agreement is set up the construction escrow officer will manage the disbursements. She/he will receive the draw requests from your general contractor indicating the amounts that are to be paid out at that time and to whom they are to be paid. You, as owner, will also be asked to review and sign an authorization approving said disbursement. The escrow officer then does a physical inspection of the property to ensure the work and materials have been completed and are in place. Once the title company signs off on the draw request, it’s submitted to your lender for payment. When the payment is received from the lender by the title company, checks are cut to the contractor, sub-contractors, and suppliers as requested. The title company collects lien waivers from each in exchange for payment to them. This process protects you and the lender from having a potential construction lien filed against your property. At Southeastern Wisconsin Title Company, LLC we provide a range of services in addition to Construction and Escrow services such as 1031 Exchanges, and closings for your purchases or refinancing. We strive to create a quality experience for you and guide you every step of the way, after all, we are Insuring Your Investment. Call Audra Buggs at (262) 723-5566 or visit www.sewt.net. Top |
Delavan Lake Resort |
All suites have fireplaces, kitchens, private bedrooms and some of the suites include boat slips. The many amenities at the resort include indoor and outdoor pools, whirlpool, game room, fitness center, an elevator to all floors, satellite television and wireless internet throughout the resort as well as to your privately-owned suite. Prices start at $159,900! You deserve to be pampered at the Delavan Lake Resort. Visit www.DelavanLakeResort.com or call for your private showing 888-216-0748. Top |
A condominium suite at the Delavan Lake Resort is your answer!
 Geneva National Offers Options with New NeighborhoodsWith six new communities introduced since 2004, Geneva National has furthered its reputation as one of the most attractive and successful second-home and permanent-residence golf resort communities in the Midwest. The Preferred Builders at Geneva National have introduced new communities with outstanding custom and semi-custom homes. Geneva National boasts luxury living at its best. Click on this link to read an update on each new community at Geneva National. The Geneva National Golf Club offers 54 holes of championship golf on three signature course designed by golf legends Arnold Palmer, Lee Trevino, and Gary Player.
Open 7-days a week; visit the Keefe Real Estate sales office at the entrance of Geneva National. For additional information on furnished models opening this spring or to schedule your appointment, please call 888-356-3084 or visit www.genevanational.com. |
 
Spring at the South Shore ClubThe concierge at the South Shore Club is busy organizing events for the summer starting with a Memorial Day Weekend social of wine and cheese followed by the homeowner’s meeting on Saturday. The swimming pool is scheduled to reopen in time for Memorial Day weekend and hopefully the weather will be accommodating. Fourth of July weekend is always a festive occasion with a members’ picnic and the golf cart decorating contest. Two new homes are under construction, one by Orren Pickell Designers and Builders and the other by Engerman Contracting. There are three homes currently listed for sale, and 12 homesites for sale with a sale pending on homesite #16. The winter sales promotion has generated a lot of interest with prospective buyers and there will undoubtedly be more pending sales to report in the future. For more information, contact Keefe Real Estate at 866-769-8515. |
Meadowview Estates
For more information, please call Keefe Real Estate at 800-836-6927. |
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Dates to RememberSunday May 20th May 31st - June 3rd June 15th - 17th July 4th |
keefe@keeferealestate.com ©2007 Keefe Real Estate · PO Box 460 ·Lake Geneva, WI 53147-0460 |
This property is located on the south shore of Lake Geneva halfway between Lake Geneva and Fontana. Rolling prairie conservation subdivision with small lakes and a stream. Wooded areas and extraordinary views from most lots. Roads will be completed in mid June. Choose your builder and build your dream home. 