2023 Year End Review

After a decline in 2022 that was likely caused by limited inventory, our overall lakefront sales volume rebounded in 2023 to nearly match the cycle high set in 2021. Most of this increase in total sales volume can be explained by a steadily increasing rate of upper bracket sales. For the year just ended, the top three sales presented list prices of $17,950,000, $14,000,000, and $10,995,000. While the upper bracket sales are great for our market, the most potent market is now in the $8,000,000 to $10,000,000 range, which largely features properties that were valued closer to $5,000,000 as recently as 2019. Showcasing the amazing strength of our lakefront market, we increased volume in 2023 while maintaining valuations. Most luxury markets across the country experienced a volume decline in 2023 combined with an overall softening of prices, but Lake Geneva outperformed.

This is post on in a multi-part series where I break down the performance of the 2023 lakefront market. This data will be appearing in my second winter issue of Summer Homes For City People, which will be available January 5th. Information deemed reliable but in no way guaranteed. Stats from residential single family lakefront MLS and known sales, excluding vacant land and South Shore Club.

About the Author

I'm David Curry. I write this blog to educate and entertain those who subscribe to the theory that Lake Geneva, Wisconsin is indeed the center of the real estate universe. When I started selling real estate 27 years ago I did so of a desire to one day dominate the activity in the Lake Geneva vacation home market. With over $800,000,000 in sales since January of 2010, that goal is within reach. If I can help you with your Lake Geneva real estate needs, please consider me at your service. Thanks for reading.

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