January 2020 Local Market Update

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Southeastern Wisconsin

Photo by Oleg Magni on Pexels.com

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

10 K (Local) Market Research Reports by Multiple Listing Service Data Notes:

  • Single Family and Condominium property types only are used in all reports.
  • Monthly Supply of inventory: Instead of just the most recent month, they look at the average number of monthly pending sales from the last twelve months. This removes the effects of seasonality (i.e. there are way more sales in June than there are in December) and makes it easier to compare month-to-month numbers.

In their “Monthly Indicators,” the MLS is promoting an optimistic point of view for this year…

For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” the long term NAR economist predicts. He is also expecting the new-home construction market sales to increase 10%. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment.

We start off the year with continued low interest rates, low unemployment, and rising rents nationally. These factors should encourage healthy buyer demand and sets us up for a strong start to the 2020 housing market and a lot of optimism for the coming spring market.

Metro MLS Report © 2020 ShowingTime

Did you know?

2019 TOTAL SALES VOLUME INCREASED BY ~14%! (compared to 2018)*

ALSO: Walworth, Williams Bay and Genoa city saw a nearly 20% increase in median pricing; Lafayette saw a 53% increase in volume; Median Pricing and Ave Price Per Square Foot both increased, and days on market generally dropped*

Want more info?

For YOUR copy of the 2019 Market Update by Keefe Real Estate* email azambito@keeferealestate.com

* Copyright © 2020 Keefe Real Estate


January was clearly a hard month for my current area, Lake Geneva. That being said, I am positive for the year overall. If there ever was a time to sell, now is it; the seller’s market is very very strong. Don’t hesitate to reach out for a home valuation, my contact information is as follows!

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

❤ always, 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 Source: All data from Metro MLS. Report © 2020 ShowingTime.

Weekend in Wisco!

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Welcome to Wisco!
Weekend in Wisco | January 9th, 2020 | Annie Z Realty | Keefe Real Estate

Coming Up: Lake Geneva’s 25th Annual WINTERFEST

Which of these Winterfest events are you most excited for? Let me know!

Here are some cool things happening this weekend:

Friday

  1. Specialty Cocktail Tasting at the Abbey Resort’s 240 West in Fontana-on-Geneva-Lake from 5 to 7 pm on Fri., Jan 10th
  2. 90’s Throback Party at Thumb’s Up in Lake Geneva starting at 9 pm on Fri., Jan. 10th.

Saturday

  1. Rock the Barns: AC/DC Tribute *back by popular demand* at the Walworth County Fairgrounds in Elkhorn at 5 pm Sat., Jan. 11th
  2. RAR Live starting at 5 pm on Sat., Jan. 11th in Lake Geneva at Studio Winery.

Sunday

  1. Sunday Champagne Brunch at the Baker House in Lake Geneva from 9:30 am to 1:30 pm every Sunday, has been lauded by the USA TODAY as the area’s Most Beautiful Restaurant delivering Victorian grandeur overlooking scenic Lake Geneva. Unlimited Champagne, traditional breakfast delights, a broad array of lunch entrees, fresh salads and delicious desserts; reservations recommended.
  2. Catch the Chicago Boat Show RV & Sail Show at McCormick Place – South from Wed., Jan 8th through Sun., Jan. 12th.

ALERT: If you haven’t yet, be sure to reserve your the Igloo Experience before it’s too late! Located at the Ridge Hotel in Lake Geneva, with a special appetizer and drink menu, Thursdays through Sundays from 11 am to 9 pm!



But wait, there’s more! As per usual, there are plenty of other options of activities going on this weekend. These are just my faves… 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


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