Lake Geneva Real Estate Market Shifts Drastically

      The market share break down for real estate in the Lake Geneva area has shifted drastically over the past 10 years.  Top player Keefe Real Estate sold out to Compass, based in New York and has seen sales plunge as a result.

     For the first quarter of 2012, Keefe had a market share of 53.93% of the sales in Walworth County.  For 2022, this fell to only 22.24%.  Rival Shorewest Realtors saw their market share fall from 13.14% to 5.61% while new comers Geneva Lakefront Realty and @Property muscled in at 20.21% and 7.52% respectively.

     The change in technology and the ease of individuals to find homes on their own has lessened the stranglehold that large real estate companies used to have.  Now, market share goes to the nimble, smaller firms that show they can compete on a personal level and react to market changes more swiftly than corporate controlled companies.

Comments

South Shore Sotheby's International Realty said…
I really appreciate for your efforts you to put in this article, this is very informative and helpful. I really enjoyed reading this blog. Keep sharing and give us more updates about Houses For Sale In South Shore Massachusetts.
July 5, 2022 at 11:33 PM
Universal Property Network said…
Fantastic Post A Very Grateful many Thanks !
Citi Housing Kharian is set to convey every cutting-edge office and administration at reasonable prices. This contemporary housing society, arranged on G.T Road close to Sarai Alamgir and Kharian furnishes solace and harmony with a characteristic and green encompassing outfitted with extravagance.
August 23, 2022 at 4:17 AM
Post a Comment

Popular posts from this blog

Delavan Lake Sales Fall in First Half of 2022

Image
  The first half of 2022 showed a drop in Delavan Lake real estate sales from the prior year due to a lack of inventory. For the first six months of 2022, there was only one lakefront sale compared to eight in 2021.   For lake access properties, there were 19 homes sold in 2022 while there were 25 sold the prior year. The only lakefront property to change hands was a five bedroom home on the South Shore that sold for $2,261,000.   The property had 95 feet of lake frontage and eight garage stalls. The only sale for the first half of 2022 was located on the South Shore of Delavan Lake The sales of lake access properties ranged from $96,000 for a two-bedroom cottage in the Delmar Subdivision on the south side of the water to $580,000 for a large two-bedroom home in Assembly Park on the north side of the lake with expansive views and deck space. For Delavan Lake condos, there were 20 units sold in the first half of 2022 compared to 17 units last year.   Prices rang...
Read more

Top Five Lakefronts On Delavan Lake, WI

Image
     As the season changes to fall, it is interesting to see what are the five most expensive homes listed for sale on Delavan Lake.  With over 2,000 acres of recreation space, Delavan Lake is an all-sport lake in Walworth County, WI that is less than two hours from Chicago, Milwaukee, and Madison, WI.      #1 - The most expensive listing currently available on Delavan Lake is located at 2938 North Shore Drive.  Listed at $3.3 million, the home sits on 410 feet of steep frontage and boasts one of the most elaborate wine cellars in North America. 2938 North Shore Drive, Delavan Lake View from the Master Suite at 2938 North Shore Drive      #2 - Coming in at number 2 is 3307 South Shore Drive.  Almost directly across the lake from the first home, this 10,000 square foot estate is listed for $2.95 million and includes six bedrooms, eight bathrooms and 200 feet of lakefront. 3307 South Shore Drive, Delavan Lake Loo...
Read more

Delavan Lake, WI 3Q Update

Image
  Real estate sales around Delavan Lake were higher for the first three quarters of 2024 compared to last year.   For the first nine months of the year there were 44 lake access homes sold compared to 33 in 2023. The increase was entirely due to sales of new construction homes in the Lake Lawn Harbor Club development.   There were only six lakefront properties sold this year compared to eight last year. In the condo market, there were 15 lake access condos sold year-to-date compared to 22 last year. Prices of lake access homes ranged from $70,000 for a tear-down in the Delmar Subdivision to $1,348,480 for a four-bedroom new construction in the Lake Lawn Harbor Club.   Lakefront homes sale prices started at $832,500 for a four-bedroom on the Delavan Outlet and rose to $2,039,725 for a five-bedroom Colonial on 60 feet of North Shore frontage. 2140 Blue Heron Drive recently sold for $832,500 Currently there are 17 lake access homes listed for sale with seven being in ...
Read more