Lake Geneva Real Estate Activity for Spring of 2009

View of Lake Geneva

It seems like no matter where you turn today, everyone is talking about real estate.  Some of the news is negative when certain markets like Florida and California are being talked about.  The real question on everyone’s mind, whether they are considering buying or selling, is what’s happening here in our area?  There was a situation I heard about last week where a home on the market in Fontana that was listed shortly after the beginning of this year in the mid $800 price range had three offers going on it all at the same time with one of the offers eventually coming together.  This is a somewhat rare occurrence in our market, having three offers at once, but those of us in the real estate business who find ourselves trying to explain to the buying public how things are different here, as opposed to what’s happening in some of the other troubled markets can point to this as a great example of how we are in fact different.  We’ve had a couple of nice weekends with mild temperatures and that always tends to bring the prospective Buyers out looking again.  I think there are plenty of positive signs out there that we’ll begin to see other activity and sales taking place in the Lake Geneva Real Estate market as the weather continues to improve and we move into the Spring.