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Keefe Connection
January 2008      

Vital Signs for Southeast Wisconsin

Mortgage Rates
  15 year 30 year
Now 5.20% 5.70%
1 year ago 5.65% 6.00%
2 years ago 5.87% 6.25%
     
Unemployment Rates
  Now 1 Year Ago
US 4.5% 4.3%
Wisconsin 4.5% 4.3%
Walworth County 4.1% 4.0%
Racine County 5.9% 5.1%
Kenosha County 5.1% 5.4%
     
Housing
  2007 2006 2005
Walworth County
New Listings 3687 3501 2993
Sold Properties 1388 1580 1880
Average Sales Price $301,000 $293,000 $265,000
       
Racine County
New Listings 5380 5309 4613
Sold Properties 2191 2479 2860
Average Sales Price $184,000 $183,000 $185,000
       
Kenosha County
New Listings 5263 5148 4664
Sold Properties 2032 2334 2598
Average Sales Price $201,000 $199,000 $197,000

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Keefe is the 2007 Real Estate Sales Leader in Walworth County

Keefe Real Estate has been recognized as the leading real estate company in Southeastern Wisconsin for many years. Sales results for January - December 2007 from the Multiple Listing Service (MLS) show that Keefe Real Estate is still the sales leader in Walworth County. Whether buying or selling, partner with Keefe to Get Results!

Keefe is the real estate sales leader in Walworth County

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 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.

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Flip for Lake & Country MagazineFlip for Lake & Country

Enjoy reading real estate news, features and listings in the new Lake & Country Magazine on-line. The new format lets you flip through the pages just as you would with a paper copy.

View Lake and Country anytime at www.keeferealestate.com/magazine

 

See your home featured on the Keefe Real Estate Home PageSee Your Home Featured on the Keefe Home Page

Looking to sell your home? Contact Keefe Real Estate to see your home featured right on our home page.

 


Plan your Summer Vacation Now!

Keefe RentalsSummer! We'll be turning the pages of the calendar in less than 19 weeks - are your vacation plans set?

There are several new properties, including lakefront homes, that have just joined Keefe Rentals. Check them out, as well as the popular classics that so many have enjoyed for years, on our website: www.keeferentals.com.

Keefe Rentals offers an array of private homes, lake access, lakefront, townhouses, and condos to suit your vacation needs. We also provide properties for long-term rentals, whether relocating to the area or need to temporarily move due to a construction project delay. Search our inventory to find the property that suits all your needs.

Our properties span the area of lakefronts on Lake Geneva, Lake Delavan, Lauderdale Lake, Whitewater Lake, as well as Abbey Springs and Geneva National private resort communities. To view the virtual tours, pricing, and details, visit www.KeefeRentals.com or call our specialists today for rates 866-818-8637.

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Title Tips

What is a Life Estate?

A life estate is an estate one or more individuals have in real property during their lifetime and their interest in the real estate terminates upon their death. The owner of a life estate is called a "life tenant".

How can a property that is subject to a Life Estate be sold?

If the property is sold while the life tenant(s) to the life estate is still living, ALL Parties in title must sign the deed including the life tenant(s). This terminates and conveys any interest they have in the property to the new purchasers.

If the property is sold and the party to the life estate is deceased, proof of death should be provided to the title company closing the transaction and the remaining parties in title must sign the deed.

At Southeastern Wisconsin Title Company, LLC, we provide a wide range of services in addition to closings. Please ask us about our 1031 Exchanges and Construction and Escrow services. We are Insuring Your Investment and strive to create a quality experience for you as we guide you every step of the way.

Call Audra Buggs, President, at (262) 723-5566 or visit www.sewt.net.

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Chaucer Woods

Chaucer Woods SignEnjoy the conservation lifestyle in Chaucer Woods of Bristol. Just 16 lots remain in this unique development, that offers conservation views, bike and nature trails, and a community park. Independent builders welcome, bring your home plans and select a home site today.

Please contact Keefe Real Estate at (877) 725-6895 for more information.

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Sugar Creek PreserveSugar Creek Preserve

Sugar Creek Preserve is a winter wonderland! Enjoy the natural beauty while you hike or cross country ski the four miles of hiking trails through the snow covered woods.

We can even take the worries of the home building process by offering a home lot package just in time for your spring building plans.Sugar Creek Preserve Home Rendering Our home plan is absolutely stunning and fits perfectly with natural surroundings. The homesite is situated directly across from the 15 acre wild flower prairie. Get started now and enjoy the beauty of the wild flowers all year.

Please contact Keefe Real Estate at (877) 725-6895 for more information.

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Sugar Creek PreserveWoodstone Prairie

Woodstone Prairie is enjoying new construction and new activity. New homes have been built recently with plans for several more in the near future. Now open to all builders with architectural review, the project is developing nicely. Bring your own builder or choose from the many plans available from our preferred builder, Engerman Contracting.

As Lake Geneva's premier conservation subdivision, 50 acres of this 91 acre property has been dedicated to the Geneva Lake Conservancy. Enjoy the feeling of space, the walking trail, the pond, and the community garden without the hassle of maintenance requirements. This is an ideal location for either a primary or secondary residence. Close to Lake Geneva and the Illinois State line, this project has it all.

Please contact Keefe Real Estate at (877) 725-6895 or visit www.woodstoneprairie.com for more information.

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The Preferred Builders of Geneva National

Embrace Life, Leisure and Luxury in Geneva National

Geneva NationalThough the weather outside is frightful, the Preferred Builders at Geneva National are already looking forward to spring. With new communities underway and new models being unveiled, Geneva National will soon be in full bloom. The Preferred Builders at Geneva National, including Choyce Group, Cobblestone Courts, Foxwood, Lanco Development, L.LC., and Lowell continue to offer the highest quality custom and semi-custom homes in the Midwest’s most alluring second-home and permanent-residence golf resort community.

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 courses 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 or to schedule your appointment, please call 888-356-3084 or visit www.GenevaNational.com.

 

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South Shore Club PoolSouth Shore Club

Sales Activity Brisk at the South Shore Club

Sales activity at the South Shore Club was very active in 2007 with only 7 home-sites still available for sale. Lots 3, 12, 13, 16, 17, 33, 35 and 36 were among those sold this past year. The 7 that are still available range in price from $1,025,000 to $1,751,000.

Membership in the Club entitles its members the use of all the boats in the yacht club, the clubhouse and swimming pool, the swim pier, the Har-Tru tennis court, the chip and putt golf area, the playground, the fire pit, and concierge services. Owners have the option of bringing their own boats to the lakefront and leasing a canopied slip from the association.

For more information or to set up a private showing, contact Keefe Real Estate at 866-769-8515.

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Meadowview Estates

Meadowview EstatesMeadowview Estates has 35 lots scattered over 120 acres of beautiful property just off the south shore of Lake Geneva. The property has four ponds, a trout stream, and is located next door to the Linn Township's 168 acre conservancy park. Located halfway between Lake Geneva and Fontana and has quick access to highways to Chicago and Milwaukee. Year-round or seasonal living at its best.

For more information, please call Keefe Real Estate at 800-836-6927.

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Armor Homes



The Highlands of Lake Geneva

The Highlands of Lake Geneva by Armor Homes is 20% sold. The Highlands is a 45 homesite, semi custom community starting in the $260's, with a bike path, trees, and a pond located only 6 blocks from Geneva Lake. The models are currently open for viewing Saturday - Wednesday 11-5 and by appointment Thursday & Friday.

For more information, please call Keefe Real Estate at 800-683-7962.

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The Ponds of Genoa City


All Lake Geneva has to offer…
except the high prices!

  • Townhomes and Garden homes
  • Limited-time offer $10,000 in free options*
  • 8 decorated models
  • 15 minutes from Lake Geneva
  • Prices starting from the mid $150’s
Call 888-819-0964 for more information.

*on selected models


Dates to Remember

January 30 - February 3
13th Annual Winterfest and National Snow Sculpting Championships
Riviera Park, Lake Geneva.  A one-of-a kind event!  Activities include snow sculpting, music, children's activities, helicopter rides, horse drawn carriage rides. (262) 248-4416 or visit www.lakegenevawi.com.

February 1-3
Meltdown Sale and Catch the SnowFlake Promotion
Downtown Shops, Lake Geneva
(262) 248-4416 or visit www.lakegenevawi.com.

February 2
Winterfest Road Race Series
5k and 10k road races in and around the lake Geneva area.
Visit www.lakegenevasports.com.

March 14-16
Nielsen Enterprises SnoCross Grand Finale Championship Snowmobile Racing
Lake Geneva
The thrill of one of the most exciting X-Games sports is the final stop on the World Power Sports Association's World Snowmobile Tour.
(800) 558-3417 or visit www.wpsaracing.com.

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Call Toll Free 1-866-662-4702

©2008 Keefe Real Estate · PO Box 460 · Lake Geneva · WI · 53147-0460

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