Sure does seem like there are more and more lakefront listings on lakes OTHER than Geneva these days. I check the MLS for new listings at least 10 times a day, and I always see listings for Delavan and Lauderdale Lakes, and rarely for Geneva. In fact, I’ve written many times how the inventory on Geneva is considerably down from historical levels, which is true. So I researched the past 60 days of new lakefront listings this morning, figuring that I’d solidify my initial theory with some stats, and confirm at least in my own mind that I was right. Again. What I found however was surprising to me.
I searched the past 60 days of new listings on Lauderdale, Delavan, and Geneva, the three primary bodies of water in Walworth County. Turns out that the statistics are quite similar, 6 new on Delavan, 9 new on Lauderdale, 7 new on Geneva, and I was wrong in my assumption. I think I spend so much energy waiting on and working for new lakefront listings that the other lakes seem to have more activity. I’m pretty sure that there are probably better deals to be had on the second tier lakes right now. Geneva is stubborn, and it is often a grudge match between affluent buyers and affluent sellers. Most of the time, the sellers win. On the other lakes, the entry prices are considerably less, so there’s a slightly different demographic that owns these homes. A demographic that might be a little more inclined to wheel and deal in a soft market. Besides, buy one of the two homes for sale on Lauderdales’ Westshore Drive, and you could be neighbors with the Bulls own Kirk Hinrich. Don’t challenge him to a weekend game of HORSE. You’ll lose.
Of the new listings on Geneva in the past 60 days, the Basswood listing is pretty special. I wrote when this property was listed that it wouldn’t last the month (October). I was wrong, but only partially so. There have been two offers written on the property, and I’m certain it’ll be under contract to one of those active buyers. Unless that is you feel like crashing their inevitable party and letting me work on a deal for you. That’s a better idea. Let’s secure an estate in a prime location on the most beautiful lake in the Midwest that you and generations to follow will enjoy. That’s the best idea yet.