General

A new listing tonight I have to let you know about. A two bedroom cabin in the woods. Actually, in Wooddale, an association on the South Shore of Geneva between Fontana and Lake Geneva. This cottage comes with a transferable boatslip on Geneva! At $549k, it’s the cheapest home with a boatslip on the market. This will sell, and it’ll sell quickly. The cottage is basic, but it does have a screened in porch and a great fieldstone fireplace. It does sort of look like the cabin from Fargo, but I assure you Steve Buscemi doesn’t live around here.

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We all complain. All the time. I complain about cheesy Realtors, unmotivated buyers, and Michigan, and you complain about your husband and your job. Stop lying. I heard you. We complain about our portfolios, our home values, our neighbors dog. My 94 year old grandma complains when it’s not sunny. Happy to be alive at 94? Nah, she’d rather curse the clouds. We’re a bunch of complainers, and together, a great nation of complainers. Or is it a nation of great complainers? But when you really calm down and reflect on it, we have it made. We have what everyone else wants. We have a beautiful life and, if not, we have the opportunity to make what we do have better. We’re lucky that we have Thanksgiving to give us a nice open handed slap across our spoiled puffy faces. We are blessed.

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A couple bits of lakefront news to update you on this morning. As I wrote previously, the lakefront market experienced a good deal of activity last week. Two lakefront homes went under contract (Basswood and South Lakeshore), as I correctly predicted they would. Thanks for listening to me. A new lakefront home in the 700 Club came on the market. $4.1MM. Yes, I’ll show it to you. No, you don’t have to be a personal friend of Pat Robertson to gain access. A home with lakerights in the Valley Park association near Black Point sold this week as well. Sale price was $678k, after an original ask price of $839k and a most recent presale asking price of $718k. Again, before you fear for the financial well being of these sellers, they purchased the home in 2005 for $480k.

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Another lakefront sale on Geneva to update you on. The Elgin Club lakefront on Geneva’s north shore closed this week. Asking price? $2.15MM, sale price $1.9MM.

The buyer negotiated 11% off ask, which is pretty decent for a mid-November lakefront sale. Well done buyer. Before you think the seller got beat up, consider that he purchased this property in 2005, at the height of bubble hysteria, for $1.65MM. He bought at what nationally we consider the top of the market, and still made a substantial profit. Trying doing that in Florida. Or Nevada. Or Arizona. Or Michigan. (That’s right Michigan, you heard me)

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There’s a beautiful ten acre lot in Linn Township with a secret. The lot will proudly show you its majestic trees and rolling terrain, but just look at it. It’d blush if it could. You know it has a dark secret that it’s dying to tell. Fine, so it’s not really a secret, but I’ll bet this will come as news to you. William Bruce Rose, Jr. owned this parcel of land. William Bruce! Can you believe it! Not ringing a bell? Nothing? Fine. W. Axl Rose. Yes, that Axl Rose. Guns N’ Roses front man, reclusive, combative rock star, Linn Township property owner. Not now, but he did own this piece of property from 1988 to 1998. A testiment to our slow market during that decade, he purchased the lot for $65k and sold it for $95k.

I remember a rumor when I was younger about Axl

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New Buffalo, you’ve got something on your chin. And on your boots. And your hat. Must be some frozen leftovers from one of your typical mid November snow storms. Stop embarrassing yourself. There’s a calm that November brings to Lake Geneva. The weekend day trippers are gone, and the lake is still. It’s a pity most people only see Geneva on summer weekends, and even then mostly in the afternoon, when the lake is whipped into a frenzy with boats and wave runners ruling the water.

I wish those people could see this place now. It’s peaceful and gray. I love it. A late fall drive around the lake affords glimpses of the water through vistas that are normally obscured by Oak and Maple trees. You can really get to know the lake during November.

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A new lakefront home hit the market today, and another went under contract. First, I get to revel in my most recent prediction. Basswood Drive is under contract. It’s more of a moral victory for me, seeing as how I didn’t make a penny off of calling that property the value that it is. Why didn’t you guys listen to me!? Oh, you did. I see. Something to do with the $3.4MM asking price. I don’t have that kind of money either. We’ll just be happy (hate filled)

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Customers ask me all the time where the best deals are in this market. I almost always reply that the entry level lake access market is probably primed to give up the most favorable deals for a buyer. This entry

level lakerights market (if you don’t know what “lakerights” means, you have to RSS this blog and catch up) consists of homes priced from $150k to $500k, but more predominantly from $300k to $400k. This price range has been particularly soft this year, as buyers for these homes shy away from making a purchase because of their confusion regarding the markets. As of today, there are 45 such entry level homes on the market. I’m betting that there just has to be a few of these sellers that really need out. Their motivation could create a wonderful value for you and your family.

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Realtors. What a great profession we found ourselves in during the early and mid 2000’s. The business was so easy to get into that at times I’d see agents who barely knew the Lake Geneva zip code sitting at a closing on a $2MM lakefront home. The barrier to entry for our profession is obviously painfully too low, which is why from 2002-2006 the ranks of practicing Realtors grew faster than stink on gruyere. Fast forward to the waining days of 2008 and there are fewer of us fighting over even fewer sales. Yes, this is a trying market, and a trying time for everyone who supports a family by selling real estate. That was an subtle plea for more business. My kids need to eat, and they’re way too cute to go hungry.

Just as the snow is spitting outside today, I read an article

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There’s a new condo listing this morning to talk about. It’s a one bedroom lakefront unit at Bayshore in Williams Bay, one of only 4 lakefront one bedrooms in the development. This is a unit I know well

It’s listed with the Coldwell Banker office in Lake Geneva, but I hope I’ll be the agent to find the buyer. The unit is a one bedroom, one bath, with a list price of $439k. Yes, the price is a little heavy, but the unit fits a unique niche in the market, and allows for a vacation seeking couple to have a great little place right on the shore. There’s sort of a boatslip and there sort of isn’t. Allow me to explain. Bayshore bought

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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.

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Two new lakefront condominiums hit the market today. One at Vista Del Lago in Lake Geneva, the other at Geneva Towers. The Vista Del Lago unit is a three bedroom with boatslip, garage, and decent lakeview. Priced at $585k, it’s not too far from being a decent buy. The other unit is a completely different story. Unless the broker listed it wrong, it’s showing up as a one bedroom unit at Geneva Towers for $649k. I really hope the 6 in that price was supposed to be a 3. One bedroom

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Here’s your special Sunday edition of a lakefront update. This time, I’ll update you on the Lake Geneva market involving vacant lakefront and lake access lots. It seems that I’m a bit of a pro on this subject, at least I was according to a story published in 2005. I can’t really remember giving a quote for this story, probably because back in ’05 I was busy selling real estate, instead of writing about it!

Currently we only have 30 vacant lots with lakerights

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What a beautiful Fall weekend we’re experiencing.

The colors this year have been amazing, and they’ll still be lingering for another couple of weeks. That’s one of my favorite things about living here. The seasons are all beautiful, all unique, and all so very different. No L trains roaring overhead, no traffic congestion to deal with. And it’s not Door County, so our businesses aren’t all shutting down for the winter. No, it’s a beautiful

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A quick market update for you on this chilly autumn morning. I typically update the Geneva lakefront market, but here I’ll update you on the market involving homes with lakerights to Geneva Lake, and exclude the lakefront homes. Now, there’s much debate over what constitutes the term ‘lakerights“. My spell check tells me that it’s probably not even a real word. The term lakerights applies to homes and condominiums that have a deeded private access to the lake. The four municipalities around the lake all have access for their residents, but the vast majority of the homes

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The lakefront market on Geneva as of this morning is chugging along as usual. There are a couple of dynamite new listings on the market right now, primarily the lakefront estate on Basswood for $3.4MM. This is an amazing property, and although the MLS says that it’s active right now, I would be shocked if there weren’t offers being negotiated on this property right now. It’s a real gem. The listing in the Elgin Club for $2.150 is still pending, with an anticipated closing date in the near future.

The rest of the lakefront inventory ranges in price from $1.6MM to

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The Village of Williams Bay is at it again. The Board of Zoning Appeals once again sided with neighbors over the actual property owner in a variance appeal. This isn’t the first time they’ve done this, and you can be sure that without changes to their backwards variance ordinances, it won’t be the last. The parcel of land is on the West Bank of Williams Bay, and measures 60 x 541- roughly 400% larger than the other homes in the subdivision. This is a platted parcel with its own tax key number and accompanying $14,000+ tax bill. For 21 years, the owner has paid taxes on this parcel to the tune of roughly $150,000. The owner

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A new listing this afternoon to let you know about. This is the best location on Geneva Lake, period. Basswood Drive is in Linn Township on the south side of Geneva Lake, just outside of Fontana. There is no better location, and this is one of the best lots on the water. The home is nice, with great views and ample living space. The lot is nearly 3 acres, with 117 feet of level lakefrontage. This is truly an estate setting on a street of estates. Call me now as I guarantee you this listing won’t last the month. Write that down. “David Curry says this listing will be under contract by the end of October“. I’ll be right.

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There’s a lakefront sale and a new lakefront listing to talk about this morning. The lakefront sale involved a listing on Black Point, located on the South Shore of the lake, just East of Majestic ski hill. This property was listed at $4,150,000 and closed for $4,050,000. The buyer negotiated a whopping 2.4% off the list price! I’d like to think I could have done better,

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Here’s your weekly update for the Lake Geneva, WI lakefront market. You’re not still trying to get reports from some national sites are you? Still visiting my “competition” online and looking for their reports? Don’t bother, you won’t find any! The lakefront home market on Geneva continues to exhibit all the characteristics of a stable market in soft economic times. Read on, as I’ll disect the lakefront condominium market in this article as well as point out the best deals on the lake. We currently have two lakefront homes pending, with no new contracts accepted in the past three weeks. A sure sign of a strong market is an overall lack of inventory, and boy do we have that here. As of my writing, there are only 20 true lakefront homes available on Geneva Lake. 20! Here’s the complete inventory list that includes pseudo-lakefront like the South Shore Club and Glenwood Springs. The good news for our market and others is that pending home sales are actually up this month, in spite of the stock market volatility.

The hands down best deals on Geneva are

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I listed the perfect lake home in Glenwood Springs over the weekend. This five bedroom, three bath home is less than eight years old, and boasts a terrific lake view, ridiculous proximity to the lake, and a rare double lot. I understand that the underperforming stock market might be making some of you a little jittery, and that’s understandable. That’s why I don’t want you to buy just any old house in any old neighborhood. Buy location and value in this sort of market. Don’t buy an overpriced home in a blah neighborhood. Superb value in a prime location is exactly what I have here in Glenwood Springs. Consider that there are only three other homes available for sale in Glenwood Springs as of today. Their prices? $2.65MM, $1.475MM,

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Three listings to make note of this morning. First, a new listing in Glenwood Springs on the south shore of Geneva Lake. This is a classic old home with a great lakeview and level frontage. Remember, Glenwood Springs owns the 1800′ of common lakefront in that association, so there’s no private frontage with this home. However, the home does have a pier, and it is the first home off the lake so the feeling of a lakefront home is intact, without the lakefront taxes.

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I spent last night at Wrigley Field watching the Cubs lay yet another playoff egg. In the event that this entry is angry, cold, bitter, and lacks optimism, you now know why. The lakefront market continues to be the most solid sector of the Walworth County housing market. Properties continue to sell on Geneva, Lauderdale, and Delavan lakes at a stable pace. Price fluctuations have been minimal if they’ve happened at all. Current market inventory is available for Geneva, Lauderdale, and Delavan. The Lauderdale and Delavan links exclude some lessor priced lakefront properties that are available to view by contacting me.

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