Market Update

The market appears to be picking up a little over the past couple weeks. A couple properties in Geneva National, a lakefront condominium at Bay Colony, and two homes with lakerights to Geneva have all gone under contract in the past couple weeks. I think the early burst of activity bodes well for our Spring market, which begins in earnest in about a month. The thing about the Bay Colony condominium is that I had been telling numerous clients what a good deal that property was over the past couple months. I sold two condominiums at Bay Colony two years ago for $600k, and now this condo that just sold was on the market with an asking price of $597k. I wouldn’t be surprised to see that unit close in the $550k range, which would prove to be a terrific deal for that buyer. I email customers and clients every month or so with values that are on the open market. I don’t email even 1% of new listings to my clients, because many new properties are either overpriced, or lack any uniqueness that would warrant calling attention to them. If you’d like to be put on my email list to be notified of not every new listing, but of every new interesting or well priced listing, then send me an email to let me know. dave@genevalakefrontrealty.com works just fine.