October 2021 Housing Market Update

Featured

Fall is he national scale down to our hyperlocal Lake Geneva area market.

NATIONALLY

  • Summary: Existing home sales, median sales price and days on market all rose, month over month and year over year, on a national and regional scale.

The most recent monthly report, by the National Association of REALTORS®, was just released entitled, “Existing-Home Sales Inch Up 0.8% in October,” (by Quintin Simmons, published October 22nd, 2021). The following bullet points are additional highlights from this news release.

Existing-Home Sales

  • “Existing-home sales increased in October, marking two straight months of growth, according to the National Association of Realtors®.”
  • “The median existing-home price for all housing types in October was $353,900, up 13.1% from October 2020 ($313,000), as prices climbed in each region.”
  • “Properties typically remained on the market for 18 days in October, up from 17 days in September and down from 21 days in October 2020.”
  • “Existing-home sales in the Midwest rose 4.2% to an annual rate of 1,500,000 in October, a 6.3% decrease from a year ago.”
  • “The median price in the Midwest was $259,800, a 7.8% jump from October 2020.”

STATEWIDE

  • Summary: The state of Wisconsin saw a decline in home sales and listings, while median home price increased, in the month of October 2021, compared to October 2020. However, year to date numbers show home sales are slightly above last years’.

The Wisconsin REALTORS® Association, released their monthly market report with the headline, Continued Strong Seller’s Market Drives Home Prices Up in October. Here are some additional key takeaways:

October 2021 Home Sales Report

October 2021 Housing Statistics Infographic Report
  • Existing home sales dropped 12.3% between October 2020 and October 2021, even as median home prices rose 7.5% to $245,000 over the same period.”  
  • “Existing home sales are just 0.1% higher than year-to-date sales in 2020.”
  • “In contrast, the year-to-date median price rose to $241,000, which is 9.5% ahead of last year’s median price for the January-through-October period”
  • “After five months of sub-3% mortgage rates, the 30-year fixed-rate mortgage increased to 3.07% in October.”

LOCAL MARKET

  • Summary: Much like our state, our metro Milwaukee market witnessed a decline in sales and new listings, while days on market and median sales price inclined. Our Tri-County Area market, of Racine, Kenosha & Walworth Counties, saw the same except Kenosha County, where there was a spike in new listings compared to last year.

Below are the Local Market Reports, by MetroMLS, for the Counties of Kenosha, Racine, and Walworth, as well as the Lake Geneva-Delavan-Williams Bay area, and their monthly blog post called Market Reports: October 2021, by Dan Zielinski of FlexMLS, reflecting our hyperlocal multiple listing service area based out of Metro-Milwaukee.

MARKET REPORTS: October 2021

https://metromls.com/market-reports-october-2021/

In the four-county Milwaukee metropolitan area, active listings are down 5.1% and sold listings are down 13.7% compared to this time last year. The Months of Supply of Inventory experienced an uptick, increasing 9.9% compared to last October.

Below is a breakdown of the 13 counties for single-family and condo properties.

by Dan Zielinski | November 12, 2021 | Metro MLSFlexMLS
https://metromls.com/market-reports-october-2021/



Sellers: I can’t wait to see November’s numbers, because there have definitely been more listings coming onto the market this time of year than I’m used to seeing. It’s not too late to list given the current demand. Contact me or follow the link below if you would like a custom, free home valuation.

Your free, instant Home Valuation here: HomeValuationzByAnnie.com

Buyers: While some may caution against getting a pre-approval or purchasing a home with the holidays coming up, I believe it is a great time of year to take advantage of negotiable sellers whom want to sell his or her home before the end of this fiscal year. If you need guidance, I am here to help – please feel free to reach out!

All the best,

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
COMPASS FORMERLY OF KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.COMPASS.com    

P.S. READ MORE ON MY NEW BROKERAGE COMPASS

Search for Your Next Home HERE

Get Your Free Property Valuation Here


My October 2021


Sources

Local Market Reports.” MetroMLS®. November 22nd, 2021.

Zielinski, Dan. “Market Reports: October 2021.” FlexMLS® & MetroMLS®. November 22nd, 2021.

October 2021 Home Sales Report.” Wisconsin REALTORS® Association. November 22nd, 2021.

Speianu, Sabrina.October 2021 Monthly Housing Market Trends Report.” Realtor.com®. November 22nd, 2021.

Olick, Diana. “Home sales rose in October as investors rushed into the market.” CNBC®. November 22nd, 2021.

Existing Home Sales Report.” NATIONAL ASSOCIATION OF REALTORS®. November 22nd, 2021.

Simmons, Quintin, “Existing-Home Sales Inch Up 0.8% in October,” NATIONAL ASSOCIATION OF REALTORS®. November 22nd, 2021.

September 2021 Housing Market Update

Featured

Fall is upon us! As the leaves changed colors and the temperature dropped, from Labor Day to the Autumnal Equinox, there were tons of things to do this past month! Thankfully, we were blessed us with bright sunny days and plenty of real estate activity as well, here in Southeastern Wisconsin. Continue reading for more on the housing market trends from September 2021 — from the national scale down to our hyperlocal Lake Geneva area market.

NATIONALLY

  • Summary: Existing home sales increased month over month, but declined year over year, on a national and regional scale.

The most recent monthly report, by the National Association of REALTORS®, was just released entitled, “Existing-Home Sales Ascend 7.0% in September,” (by Quintin Simmons, published October 21st, 2021). The following bullet points are additional highlights from this news release.

Existing-Home Sales

  • “Existing-home sales […] rose 7.0% from August”
  • “Sales decreased 2.3% from a year ago”
  • “The median existing-home sales price climbed 13.3% year-over-year to $352,800.”
  • “Existing-home sales in the Midwest rose 5.1% […] in September [compared to August, which equated to a] 2.7% drop from a year ago.”
  • “The median price in the Midwest was $265,300, a 9.1% increase from September 2020.”

STATEWIDE

  • Summary: The state of Wisconsin saw a decline in home sales and an increase in median sales price, compared to this time last year.

The Wisconsin REALTORS® Association, released their monthly market report with the headline, Low Inventories Continue to Hamper Sales and Increase Home Prices in September. Here are some additional key takeaways:

September 2021 Home Sales Report

  • “September existing home sales fell 8.6% […], and the statewide median home price increased 6.6% to $245,000 over that same 12-month period.”
  • Very tight inventories continue to hamper home sales throughout the state, with months of available supply falling in every region over the last 12 months.”
  • Mortgage rates remained under 3% for the fifth straight month. The 30-year fixed-rate mortgage was essentially unchanged at 2.90% in September 2021 compared to 2.89% in September 2020.
  • “Wisconsin’s housing affordability fell 5% over the past 12 months, but it has remained relatively stable all year.”

LOCAL MARKET

  • Summary: Our Tri-County Area market, of Racine, Kenosha & Walworth Counties, experienced a decrease in the number of closings and an increase in median sales price, in September 2021 compared to September 2020. However, while Walworth and Kenosha Counties both saw DOUBLE DIGIT percentage decreases in new listings, Racine County saw MORE new listings, year over year.

Below are the Local Market Reports, by MetroMLS for the Counties of Kenosha, Racine, and Walworth, as well as the Lake Geneva-Delavan-Williams Bay area; and their monthly blog post called Market Reports: September 2021, by Dan Zielinski of FlexMLS, reflecting our hyperlocal multiple listing service area based out of Metro-Milwaukee.

MARKET REPORTS: September 2021

https://metromls.com/market-reports-september-2021/

Active listings are down 3.1% and sold listings are down 6.2% compared to this time last year. The Months of Supply of Inventory experienced an uptick, increasing 3.4% compared to last September.

The above infographic includes data on single-family properties and condominiums in the 13 primary counties.

by Dan Zielinski | October 14, 2021 | Metro MLSFlexMLS



Sellers: There are plenty of buyers still out looking at, and inquiring about, the new listings on the market. September (and October) have been busier than in past years, as far as showings go; therefore, it is NOT too late to list your property for sale. I do not expect these buyers to give up on house hunting any time soon, with interest rates so low. Contact me or follow the link below if you would like a custom, free home valuation.

Your free, instant Home Valuation here: HomeValuationzByAnnie.com

Buyers: Interest rates are still low, and I’ve heard from more than one source that rates are going to remain that way for the foreseeable future. However, the market IS competitive; there’s no way around that. The best thing you can do for yourself is to stay on top of the market (and have your pre-approval ready to go, if you need one). Good deals are out there, if you are prepared to jump when they pop up. If you need guidance, I am here to help – please feel free to reach out!

All the best,

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    

Search for Your Next Home HERE

Get Your Free Property Valuation Here


My September 2021


Sources

Local Market Reports.” MetroMLS®. October 14th, 2021.

Zielinski, Dan. “Market Reports: September 2021.” FlexMLS® & MetroMLS®. October 14th, 2021.

September 2021 Home Sales Report.” Wisconsin REALTORS® Association. October 22nd, 2021.

Speianu, Sabrina.September 2021 Monthly Housing Market Trends Report.” Realtor.com®. October 22nd, 2021.

Markarian, Kevin. “The 2021 Real Estate Market: Predictions For The Final Quarter,” Forbes®. September 2nd, 2021.

Existing Home Sales Report.” NATIONAL ASSOCIATION OF REALTORS®. October 21st, 2021.

Simmons, Quintin, “Existing-Home Sales Ascend 7.0% in September,” NATIONAL ASSOCIATION OF REALTORS®. October 21st, 2021.

August 2021 Housing Market Update

Featured

Like the temperatures hitting us this week, it seems the recently released August housing market reports are all showing a decline in home sales, compared to this time last year. This is not atypical, given our ‘hot market season’ runs from May to August anyway. However, this could also have something to do with decreasing inventory and rising median sales prices. Overall, I can attest to the market remaining highly active (and competitive).

NATIONALLY

  • Summary: Existing home sales decreased slightly while median home sales prices increased in August, both on a national scale, and regionally, here in the Midwest, compared to last month and this time last year.

The most recent Existing Home Sales Report, by the National Association of REALTORS®, was just released titled, “Existing-Home Sales Recede 2.0% in August,” (Quintin Simmons, September 22nd, 2021). The following bullet points are additional highlights from this release.

Existing-Home Sales

  • “Existing-home sales dropped 2% on a seasonally adjusted annual rate from July to August.”
  • “The median existing-home sales price rose at a year-over-year pace of 14.9%.”
  • “Properties typically remained on the market for 17 days in August, unchanged from July and down from 22 days in August 2020.”
  • “In August 2021, each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective.”

STATEWIDE

  • Summary: Honing in, Wisconsin saw a decline in home sales and an increase in median sales price, compared to this time last year.

The Wisconsin REALTORS® Association, released their monthly market report with the headline, Summer Housing Market Constrained by Tight Inventories. Here are some additional key takeaways:

August 2021 Home Sales Report

  • “August home sales fell 6.3% compared to their levels in August 2020, whereas the median price rose 6.4% to $250,000 over that same 12-month period.”
  • “Year to date, statewide sales are ahead of the pace recorded  in 2020.”
  • “The  median price is up 10.6% to $240,000 over that same period.”
  • “Average days on the  market [are] at the record-low level of just 65 days for the second straight month. This compares to 88 days in August of last  year. This is the lowest level for days on the market since the WRA began tracking this data in January 2005.”

LOCAL MARKET

  • Summary: Across our tri-county area (Kenosha, Racine & Walworth Counties) we saw a decline in the number of closed sales and compared to this time last year. Kenosha and Racine Counties actually had more new listings in August 2021, compared to August 2020. Finally, in Southeastern Wisconsin (except for in Racine County), the median sales priced increased, year over year, as well.

Below are the August 2021 Local Market Reports, by MetroMLS for the Counties of Kenosha, Racine, and Walworth, as well as the Lake Geneva-Delavan-Williams Bay area; and their monthly blog post called Market Reports: August 2021, by Dan Zielinski of FlexMLS, reflecting our hyperlocal multiple listing service area based out of Metro-Milwaukee.

MARKET REPORTS: AUGUST 2021

https://metromls.com/market-reports-august-2021/

Active listings are down 2.9% and sold listings are down 1.7% compared to this time last year. The Months of Supply of Inventory also saw a slight decrease, dropping 1.2% from last year.

The above infographic includes data on single-family properties and condominiums in the 13 primary counties.

by Dan Zielinski | September 15, 2021 | Metro MLSFlexMLS



Sellers: Although I do not believe scare tactics are (morally) useful, the fact remains: sellers, your time may be running out. If you have thought about selling your home, the time to act is now. Inventory is dropping, but buyers are still out there. Contact me or follow the link below if you would like a custom, free home valuation.

Your free, instant Home Valuation here: HomeValuationzByAnnie.com

Buyers: If I’ve heard this once, I’ve heard this a million times this year: money is cheap. Even if you are on the fence, as to whether or not you want to buy a home this year, I suggest you call a lender and get a pre-approval squared away for when the right property pops up. Do not believe everything you hear – there are plenty of sellers out there accepting offers with loans and other contingencies. I am here to help – please feel free to reach out!

All the best,

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    


My August 2021


Sources

Local Market Reports.” MetroMLS®. September 22nd, 2021.

Zielinski, Dan. “Market Reports: August 2021.” FlexMLS® & Metro MLS ®. September 22nd, 2021.

August 2021 Home Sales Report.” Wisconsin REALTORS® Association. September 22nd, 2021.

Speianu, Sabrina.August 2021 Monthly Housing Market Trends Report: Seller Activity Warms Up as 432,000 Newly-Listed Homes Hit the Market.” Realtor.com®. September 22nd, 2021.

Backman, Maurie. “Home Prices Dipped 1.2% in August. Could the Housing Market Be Cooling Off? The Motley Fool; NASDAQ. September 22nd, 2021.

Existing Home Sales Report.” NATIONAL ASSOCIATION OF REALTORS®. September 22nd, 2021.

Simmons, Quintin. “Existing-Home Sales Recede 2.0% in August,” NATIONAL ASSOCIATION OF REALTORS®. September 22nd, 2021.

CONDO FOR SALE – 611 B Westbury Ln., Delavan

611 B Westbury Ln, Delavan, WI
Get Directions Click Here

 
Description Photos Maps & Local Schools Virtual Tour Walk Score
 
$ Click for current price
3 BEDROOMS
3 BATHROOMS (3 full)
1914 Square Feet
 

New Listing!
611 B Westbury Ln | Delavan, WI
Offered at $264,900

A VERY RARE offering indeed is this 3 bedroom, 3 bath condo well built with 10ft ceilings and 6 panel doors, first floor ranch condominium. First floor boasts a spacious living room, kitchen with dinette that walks out to the patio, first floor laundry room and two bedrooms and two baths. The lower level has a family room, well designed bath with walk-in shower and a bedroom with a large and bright egress window and there is still plenty of room for storage. And last, but not least, is an attached two car garage. All of this is located in lovely Camden Heights, very near to the Hwy X interchange of I-43. Do Not Hesitate to see this one!
Schedule Your Showing, Today!

Mary Kilkenny
Mobile: 262.903.4262
Office: 262.728.8757
mkilkenny@keeferealestate.com
kilkenny@genevaonline.com

Annie Zambito
Mobile: 262.215.1982
Office: 262.348.3253
azambito@keeferealestate.com
anniezrealty@gmail.com

Brokered by Keefe Real Estate, Inc.
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Annie Zambito

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The information contained herein is provided for general information purposes only. If any of the above information is material or being utilized to determine whether to purchase the property, the buyer should personally verify same or have it confirmed by a qualified expert. The information to independently verify and confirm includes but is not limited to total square footage formula, total square footage / acreage figures, land, building or room dimensions and all other measurements of any sort or type. Equal housing opportunity listing. Copyright 2021 by Multiple Listing Service, Inc. See copyright notice.

4 Weeks Later…

FeaturedWalking My Dog

The Psychological Effects of Quarantine

+ Charitable Mentions & Employment Opportunities

It has been four full weeks since the President announced COVID-19 was officially a pandemic disease infecting people around the globe (see video that aired on March 11, 2020 here). The word ‘quarantine’ has officially become part of my daily vernacular, and fear of the unknown has spread like wildfire. From the economy to our school systems and interpersonal relationships: everyone’s day-to-day life has been impacted in one way or another. There are those that argue the changes taking place will be for the better in the long run, but there is no denying the pain and hardship this pandemic has caused to the majority of people.

for those of you at home alone, reach out... 'this too shall pass...'
Photo by Du01b0u01a1ng Nhu00e2n on Pexels.com

As far as our nation goes, specifically, according to the New York Times,

“At least 316 million people in at least 42 states, three counties, nine cities, the District of Columbia and Puerto Rico are being urged to stay home.”

“…Wisconsin: About 5.8 million people”

See Which States and Cities Have Told Residents to Stay at Home By Sarah MervoshDenise Lu and Vanessa Swales

I find myself obsessing over this virus’ short and long term psychological impact. After all, that was my major in college (graduated in 2009 from Marquette University). Specifically, I recall Erik Erikson’s Stages of Psychosocial Development. According to this theory, personality is determined by how he or she deals with life’s many crises. We should all recognize, there is one guarantee in life: change. The way in which one assesses, and subsequently deals with, the inevitable changes of life over the ceaseless forward motion of time determines a person’s personality.

His theory helps illuminate and clarify how an individual meets and processes intrinsic change and, by inference, may contribute to an understanding about whether or not an individual is able to rise to the task of making change for him-/her self in the world.

The Nature of Change: Finding the predictable in the unpredictable by Abigail Brenner M.D. of Psychology Today

I’ve been watching the press conferences from the White House, taking vigorous notes while watching news on the stock market, and, obviously, I’m still active in the real estate market. Never before has the world been impacted like this, all at once. We’re all on the same playing field; everyone will look back and remember how they handled the Corona Virus Pandemic.


Memories of the months I spent analyzing psych research data, on behalf of Dr. Kristi Nielson, have resurfaced creating an insatiable hunger to hear how people are handling all of this, mentally and emotionally. My awesome nephew helped me create a google doc where I asked folks to tell me his/her three favorite and three least favorite things about the quarantine, anonymously. I wanted to point out a few, but I hope to get more responses (please feel free to submit your answers by following this link).

Least Favorite Things About Quarantine:

“This is very isolating for those with family issues or who depend on their friends for support.”

“Losing track of what day it is”

“craving routine & earning money”

“I do not have the patience to be a teacher”

Thank you for your honesty…

Favorite Things About Quarantine:

“More time with Online friends”

“I’m not the odd ball. Apparently my lifestyle has a name – quarantine!”

“Online school is a lot more student-led, and we can do things at our own pace.”

“seeing my coworkers MORE! due to virtual conference calls”

Submit your anonymous response here, and see what others are saying!

I sincerely hope you are being safe and staying healthy, during this uncertain time. Reach out if you need anything; I am here for you. I’d like to help in any way I can.

On that note, I’d like to point out some amazing local charities and opportunities that are rising up out of this disaster, in hopes it brings light to your day. Although we are physically separated, we are all in this together.

Charitable Mentions:

United Way of Walworth County

Eat Well, Support Local Restaurants: Lake Geneva Area Take-Out by Visit Lake Geneva

Distance Dining in Walworth County by Visit Walworth County

Buy Now, Spend Later: Lake Geneva Area Gift Card Directory by Visit Lake Geneva

Six Ways to Support Small Business From a Social Distance by Visit Walworth County

Charity Navigator: Coronavirus Disease 2019 (COVID-19)

GoFundMe: COVID-19

Employment Opportunities:

Amazon Jobs: Wisconsin

Working at ALDI

Temporary Positions at Brunk Industries

National Retail Foundation: Job opportunities for workers displaced by COVID-19

Job Listings on Facebook


If there are any other organizations/opportunities that deserve a mention, please feel free to mention them below. Let’s finish this fight strong! And, again, please don’t hesitate to ask me for help – be it groceries, prescriptions, or just a phone call. I want to hear from you. I want to be there for you, in whatever way I can.

Wishing you and yours a safe and healthy Weekend in Wisco, across this great nation, and beautiful planet… ❤ , Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com



Sources:

President Trump Addresses the Nation

See Which States and Cities Have Told Residents to Stay at Home By Sarah MervoshDenise Lu and Vanessa Swales

The Nature of Change: Finding the predictable in the unpredictable by Abigail Brenner M.D. (of Psychology Today)

United Way of Walworth County

Eat Well, Support Local Restaurants: Lake Geneva Area Take-Out by Visit Lake Geneva

Distance Dining in Walworth County by Visit Walworth County

Buy Now, Spend Later: Lake Geneva Area Gift Card Directory by Visit Lake Geneva

Six Ways to Support Small Business From a Social Distance by Visit Walworth County

Charity Navigator: Coronavirus Disease 2019 (COVID-19)

GoFundMe: COVID-19

Amazon Jobs: Wisconsin

Working at ALDI

Temporary Positions at Brunk Industries

National Retail Foundation: Job opportunities for workers displaced by COVID-19

Job Listings on Facebook

The Impact of COVID-19 on Local Real Estate Practices

Featured

Yesterday, Gov. Tony Evers issued an emergency order called “Safer at Home” in which Wisconsinites are instructed to remain at home with the intention to stop the spread of coronavirus, aka COVID-19, from 8:00 am Wednesday, March 25th until 8:00 am Friday, April 24th.

follow this link to read the full order by the Wisconsin Governor: Order #12: Safer At Home

Local businesses are to remain closed for the next 30 days, unless they’re considered an “essential service.” Thankfully real estate was declared essential, as were many businesses that support and serve our industry. However, the way we practice and participate in real estate transactions has transformed.

follow this link to see a full list of essential businesses here’s the full list of business allow to continue operations, although most with new restrictions, read the Wisconsin Economic Development Corporation © 2020 article here

REALTORS® and their clients may still conduct the activities necessary to buy and sell real estate in Wisconsin during the time period covered by the order as long as they comply with the social distancing and other requirements in the order.

Michael Theo President & CEO of Wisconsin REALTORS® Association

Conversely, while I and my fellow realtors are allowed to work, we are NOT required to. This is a HIGHLY contagious, and sometimes deadly, virus. We must continue to work remotely (while accessible, if necessary, we cannot work out of our office), maintain social distancing from others (6+ feet), wear PPE when going to public places, wash your hands/use hand sanitizer.


Restrictions, Options & Opportunities for

Sellers and Buyers

Showings

Real estate agents are being told by all sources (“Safer at home,” the WRA, NAR, and brokerages) to do work from home (instead of office). There are no more open houses, but virtual showings/tours are highly encouraged. When we go do out, we’re still supposed to follow ‘social distancing,’ and CDC prevention guidelines.

Be aware: some sellers are being forced to self-quarantine: you must protect yourself as well. This virus can live on surfaces, and they may not know whether or not their COVID-19 positive.

Buyers:

If you have a pre-approval from a lender, and have a secure job (not at risk for losing your job), continue to look online. Any new listings are likely serious sellers, whether trying to cut losses in the stock market by selling second homes, or moving). Write contracts with deadlines pushed further out. VA and even some FHA buyers (with jobs in “essential businesses”) are very secure in that they are government vs. mortgage broker backed.

Please note: President Trump did not cut mortgage interest rates to 0%, but rather treasure rates.

Sellers:

You can require virtual tours only. Of course, you could also pull the property off of market until the pandemic ends. We’ve been told to do virtual open houses, and to not open the open house to the public.

Please note: if you do not want to sell your home, you could look into refinancing your home loan given the recent cut in interest rates (not mortgage rates). ** I have heard from a couple folks that it took longer than normal to hear back from their lender, the refinancing process may take some time. If you decide to refinance, lock in your rate.

Under Contract

If you’re currently under contract, expect delays from loan processors, home inspectors, loan appraisers, and even the title company (due to register of deeds closing). Lenders are still up and running, just working from home, writing pre-approvals using today’s interest rate (I’d give you that % but I am not a lender – regulation Z), however, market instability causes mortgage rates to constantly change, plus they’re overwhelmed with the sheer volume of people re-financing their existing home.


Wishing you and yours a safe and healthy weekend. Have a great Weekend in Wisco! ❤ , Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com



During this time of pandemic panic, it is crucial to stay properly informed. THE source of accurate information, prevention and treatment of the corona virus can be found on the Centers for Disease Control and Prevention website.


Photo by Pixabay on Pexels.com

Photo by Tirachard Kumtanom on Pexels.com

Photo by Travis Saylor on Pexels.com

Pre-Pandemic Status Market: February 2020

Featured

The Metro-Milwaukee Multiple Listing Service gathers real estate stats for each month; they compile data points into graphs and highlight recent events to provide a comprehensive Local Market Update. The following is from their latest report, released Tuesday, March 10th***, regarding our hyper-local, Southeastern Wisconsin area for the month of February 2020.

***The Presidential Pandemic Address (regarding COVID-19) was Wednesday, March 11th

Photo by PhotoMIX Ltd. on Pexels.com

“As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering a bad news-good news situation. While short term declines in the stock market can sting, borrowers who lock in today’s low rates will benefit significantly in the long term.

[…]

The recently released January ShowingTime Showing Index® saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double digits from the year before, with the Midwest Region up 15.7 percent and the West Region up 34.1 percent. As showing activity is a leading indicator for future home sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months.”

Monthly Indicators: February 2020, by Metro MLS Report © 2020 ShowingTime

Take a second and re-read that; I don’t think anyone truly could see how fast and vast the corona virus pandemonium would arrive. The following charts echo the positive trend we were riding:

Showings were up, more homes were coming onto the market, and median sales price continued to climb. When this virus hit pandemic status, Americans were told to stay home and jobs were lost. Our country has endured a massive blow over these past two weeks that has reverberated down to our local community and economy, including the real estate market.

Photo by cottonbro on Pexels.com

Now what? How are we faring so far??


It is definitely too early to tell. However, from March 1st to March 11th, a total of 76 single family homes were listed and 27 single family homes closed. Since then, from March 12th through March 23rd, only 54 single family homes have been listed, but 25 single family homes have still sold, regardless.

Photo by Burak K on Pexels.com

February seems so long ago. I’ll be curious to see the pandemic’s overall impact on the real estate market, once it’s all over. Primarily, I just want an end to COVID-19! Don’t forget: be prepared, not scared. Stay home if you can, be safe if you can’t. We will bounce back!!

Sellers and Buyers: there are still options during this unprecedented time, stay tuned!

Upcoming Posts:

  1. Effects of Quarantine on Local Real Estate Market
    • Restrictions, Options & Opportunities for Sellers & Buyers
  2. Honorable Charity Mentions
  3. Home Décor Projects & Spring Cleaning

How are you doing? How has this virus infected your life and/or loved ones? Let me know how I can help. Shoot me a quick email here (anniezrealty@gmail.com) or give me a buzz (262-215-1982) and keep me posted, please.

Looking for a reliable source of market information, aside from real estate? Check out Paula Pant’s Afford Anything, with special coverage during this official Bear Market.

Let me know if you found this helpful in the comments below, or shoot me a message on my socials!

Stay safe & healthy ❤ , Annie Z.


ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    


Data Sources: Market data from Metro MLS. Report © 2020 ShowingTime.

Other Market Resource Suggestion: Paula Pant’s Afford Anything

Weekend in Wisco!

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Weekend in Wisco | March 12th, 2020 | Annie Z Realty | Keefe Real Estate

The last few days of upset and out roar, with events being canceled all across the globe, and some countries enforcing quarantines, I’m reminded of the book (and movie) “Into the Wild.”

Happiness [is] only real when shared…

Christopher McCandless

Regardless of whether or not you get to see your favorite band live in concert, watch your favorite sports team play ball, or go on vacation, it is not about the places we go, but rather the people with which we share our lives. Remember: all of these actions are being taken to protect our loved ones.

If your plans are a ‘no-go’ this weekend, and you need to stay home, maybe call someone you haven’t talked to in a while! If you’re healthy, visit a friend or family member you’ve been meaning to catch up with. You could bake some cookies for your neighbor, write some thank you cards, read a book. There’s no shame in staying home to preserve the lives of those we love.


Wishing you and yours a safe and healthy weekend. Have a great Weekend in Wisco!

Here’s the forecast for this weekend…

The following are some events I have found happening in Walworth County this weekend (please note, these events may or may not be canceled, please follow the links for confirmation).

Friday, March 13th  

Saturday, March 14th

Sunday, March 15th  

Multi-Day & St. Patrick’s Day Events:

Geneva Steam Convention March 13th, 14th & 15th @ Lake Lawn Resort (Delavan)

DanceScapes’20 March 14th, 15th, 16th & 17th @ Barnett Theatre (Whitewater)

2nd Annual St. Pawtricks Day Party 9 am to 5 pm Tuesday, March 17th @ Lolli Pup Resort (Delavan)

St.Patty’s Day Open House 4 to 6 pm Tuesday, March 17th @ Avant Cycle Café (Lake Geneva)


Follow Link for this Weekend’s Sports Schedules

Open Houses:


But wait, there’s more! As per usual, there are plenty of other options of activities going on this weekend. These are just my fav’s… what are you up to?! Leave a comment ~ let me know! I’ll see ya around! ❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com 


During this time of pandemic panic, it is crucial to stay properly informed. THE source of accurate information, prevention and treatment of the corona virus can be found on the Centers for Disease Control and Prevention website.

Other Things You CAN DO This Weekend, Instead:


Sources include: Visit Walworth County & Facebook Events

Weekend in Wisco!

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Welcome! If you’re looking for something fun to do in Walworth County this weekend, you’ve come to the right place… Have a great Weekend in Wisco!

Weekend in Wisco | March 5th, 2020 | Annie Z Realty | Keefe Real Estate

Apparently, it’s spring already! Well, meteorological spring, at least! We’ve made it through another winter… Follow this link for the weather forecast.

Here are some great events I found in our neck of the woods for this weekend:

Friday, March 6th

  • 5 to 8 pm Eat, Drink and Shenanigans: Calling All Characters @ Monte Carlo Room (Elkhorn)
    • Dress as your favorite super hero, movie character, cartoon, historical figure, or athlete, and check out this annual event featuring more than a dozen vendors offering samples from local wineries, distilleries, breweries, upscale butcher chops, bakeries, gourmet food stores and more. Read article here…

Saturday, March 7th

Sunday, March 8th  


Side Notes:

The Best of Walworth County (2019): Fish Fry

For the other “Best of Walworth County” spots: follow this link

                      This event sells out every year!

                      February 27th through April 12th

Follow Link for this Weekend’s Sports Schedules

Open Houses:


But wait, there’s more! As per usual, there are plenty of other options of activities going on this weekend. These are just my fav’s… what are you up to?! Leave a comment ~ let me know! I’ll see ya around!

❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com 


What I’ve Been Up to This Past Week:

see last blog with moving tips


Sources include: Visit Walworth County & Facebook Events

Weekend in Wisco!

Featured

Welcome! If you’re looking for something fun to do in Walworth County this weekend, you’ve come to the right place… Have a great Weekend in Wisco!

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Weekend in Wisco | February 27th, 2020 | Annie Z Realty | Keefe Real Estate

Multi-Day Events:

                      Friday and Saturday ONLY

  • Stolen Sisters @ Crossman Gallery (University of Wisconsin – Whitewater)

                      Ends Sunday, February 29th

                      February 27th through April 12th

                      This is the Last Weekend

                      Ends Sunday, February 29th

                      Call for availability 800-225-5558

                      Purchase tickets ONLINE ONLY ß follow link– cannot purchase on site


Heat wave a comin’! Follow this link for the weather forecast.


Here are some great events I found in our neck of the woods for the weekend of Friday, February 28th through Sunday, March 1st

Friday, February 28th

  • Fish Fry Season has Arrived! Check out all the local establishments serving it up:
    • Pier 290 (Williams Bay)
    • The Waterfront @ the Abbey Resort (Fontana)
    • Popeyes (Lake Geneva)
    • Evergreen Country Club (Elkhorn)
    • Hawk’s View Country Club (Lake Geneva)
    • Lookout Bar @ Lake Lawn Resort (Delavan)
    • Ye Olde Hotel Bar & Restaurant (Lyons)

Saturday, February 29th

Sunday, March 1st

Follow Link for this Weekend’s Sports Schedules

Open Houses:

But wait, there’s more! As per usual, there are plenty of other options of activities going on this weekend. These are just my fav’s… what are you up to?! Leave a comment ~ let me know! I’ll see ya around! ❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com 


What I’ve Been Up to This Past Week:


Sources include: Visit Walworth County & Facebook Events