Lake Geneva Average Lakefront Sales Price

Even as the market normalized during 2023, we still managed to keep our average sales price in line with the prior year. One of the many reasons I don’t like trying to explain our market in charts is simply because of our small sample size from year to year. Any particular year can be heavily skewed by the existence, or absence, or outlier sales at the top and bottom end of our market. In spite of this, the data still reveals a nice trend line which shows a steadily increasing average price over the past six years, even though 2023 finished just under the $6.45M average price from 2022. The market has incredible strength at the upper end, a notable shift from just seven years ago when a $10M sale was seen as an outlier. Today, buyers have confidence that there is future liquidity in this range and sales should continue with frequency. The unique strength of the Lake Geneva market’s upper bracket was reinforced during 2023 when three properties with asking prices north of $10M sold (I sold all three).

Data from MLS and known sales, which means this data isn’t publicly available due to the significant number of off-market sales I’ve closed in recent years. Excludes Glanworth Gardens 2022 sale. Data from 1/1/23 to 12/19/23, residential single family sales with private frontage only. South Shore Club and vacant land sales excluded. Information deemed reliable but is not guaranteed.

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 $700,000,000 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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