Weekly Update

Market Check-In + Spring Maintenance Tasks

Friday, April 24th marked 30 full days under WI Governor Evers’ Safer At Home Order, where all non-essential businesses were forced to close their doors in alignment with our nation’s efforts to slow the spread of the coronavirus. While real estate is considered an essential business, there’s no denying we have been impacted.

The Impact of 30 Days of “Safer at Home” in Walworth County:

From March 25th to April 24th, 2020, there have been 892 showings in Walworth County. Last year, during the same time frame, there were 1,769 showings. That’s a 50% drop in the number of property showings. Granted this number includes all types of property showings (from condos and single-family homes to commercial property and vacant land). Here’s a graphical breakdown for more clarity:

That being said, week over week, things are looking up. This past week (4/18 – 4/24) we had 242 showings, where as the previous week (4/11 – 4/17) there were 190 showings. Since a property takes anywhere between 30 to 60 days or more to close after accepting an offer, the overall effect on home sales is yet to be determined. However, so far, closings have only dropped to 92% of last years levels. Last year there were 113 single family homes sold in Walworth County from March 25th to April 24th, 2019. This year, from March 25th to April 24th, 103 single family homes have sold. Follow this link to see the listings: Sold in the Last 30 Days


On April 16th, WI Gov. Evers extended the stay-at-home order to May 26th. With that in mind, I thought it would be a great time to offer some spring maintenance tasks and projects to tackle while folks are still stuck in the house.

Springtime Home Maintenance Tasks

  • Clean out your gutters and downspouts
  • Pressure wash your siding
  • Inspect your roof & foundation – schedule repairs
  • Trim/Prune your bushes and shrubs
  • Schedule air conditioner cleaning
  • Clean your windows
  • Check for/repair holes in window screens
  • Reseal deck/porch
  • Paint your house – inside and out!
  • Switch out winter clothes for spring/summer clothes – don’t forget to make donation piles!
  • Spray insecticide along windows and doors, and remove bee hives!
  • Bonus Projects: Paint old tables, hang photos, add more greenery indoors!

Inspired by Spring Maintenance Checklist – More Than Cleaning by HomeAdvisor & Your Spring Home Maintenance Checklist by Family Handyman (houzz)


Slowly but surely, things are improving. As long as we each continue to do our part to stay healthy, we will make it out of this. Please don’t hesitate to reach out if you need anything – groceries, vendor contacts, or even just someone to talk to. I’m here!!

I’m here if you need anything, just let me know!

Stay healthy ❤ 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 


Sources:

Safer At Home Order

extended stay-at-home order

Spring Maintenance Checklist – More Than Cleaning by HomeAdvisor

Your Spring Home Maintenance Checklist by Family Handyman (houzz)

March 2020 Real Estate Report

The Effect of COVID-19 on Our Housing Market

The Metro-Milwaukee MLS (Multiple Listing Service) gathers real estate stats for each month, and compile data points into easily digestible graphs for real estate professionals and consumers alike. Additionally, they highlight recent events to provide a comprehensive real estate market report. I’ve included the portions of their March 2020 report, released April 10th, that pertain to our hyper-local market here in Southeastern Wisconsin.

Also, I’ve included some data released by ShowingTime, which is the showing scheduling tool used by nearly a million real estate professionals in over 250 MLS’s, for some additional insight to the impact of the current COVID-19 crisis. The information provided by ShowingTime is in real time and nationwide, to provide a more up-to-date, wider vantage point.


Here’s what our Metro Milwaukee MLS stated in their Monthly Indicators introduction:

As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 6.6 million initial jobless claims filed in a single week—double the number last week and ten times higher than any other week on record prior to this month.

[…] While the effect of COVID-19 is varied throughout the country, we are likely to see impacts to housing activity now and into the coming months. Its continued spread is leading many companies and consumers to change their daily activities.

Metro Milwaukee MLS ‘Monthly Indicators Report’ © 2020

The Local Market Update, showed some interesting trends. Compared to March 2019, Walworth County had 6.5% fewer new listings (200 vs. 219), but 5.1% more closings (124 vs. 118) AND a nearly 20% increase in median sales price ($268,450 vs. $224,000). Additionally, days on market (until sale) have gone down 16.1% (78 days vs. 93 days). Zooming into my local area, the Lake Geneva/Delavan/Williams Bay area, things went a bit differently. We saw 26.7% more new listings, but 10.5% less closings in March 2020, compared to March 2019. However, there was a substantial 42.2% rise in median sales price AND a 28.3% decrease in days on market!

What does this mean for Walworth County? Well, logically, given the current pandemic, less sellers put their homes up for sale; however, more sellers sold their homes, for more money, and in less time, this March compared to last.

While our local market (LG-Delavan-WB) is so small that the numbers are often not an accurate depiction of the market at whole, the increase in median sales price for March 2020 compared to last year was seen across our tri-county area. Call me a Pollyanna (I’ve been called worse), but this makes me optimistic.

Next, let’s check out how property showings have been… infected. Governor Evers declared that real estate is an “essential business” allowed to continue operations, despite his ‘Safer at Home’ order (recently extended to May 26th). This makes sense to most, given that we need a home in order to abide by said order.

That being said, many of my buyer clients have been laid off, others have had significant cuts in their pay, and a handful even had to close their business doors, as a result of this order. I honestly feel guilty going on showings, with my few remaining buyers, given the financial hardships facing my other clients, friends & family members.

Side Note: I wear gloves to every showing, and make my buyers follow suit. If the home is owner-occupied, we also wear masks. Follow this link for CDC guidelines on how to protect yourself and your loved ones.

Sellers, similarly, are stuck between a rock and a hard place. Many brokerages are sending out COVID-19 consent forms for the agent and buyer(s) to sign, certifying he/she is not sick, has not tested positive, or come in contact with someone who has tested positive… but there is no denying the fear remains.

As a reminder, this virus went ‘pandemic’ status Wednesday, March 11th. ShowingTime has accumulated data across over 250 national MLS’s and published The Impact of COVID-19 on Real Estate Showings, and the graphs speak for themselves. According to ShowingTime, showings are down 58.4% nationally, and down 37.8% in Wisconsin, compared to this time last year (charts created 4/16/2020).

ShowingTime Target Market Analysis 2019 Showings for LG-Delavan-WB
ShowingTime Target Market Analysis 2020 Showings for LG-Delavan-WB

The two charts above breakdown our local market showings by price point. Please take note of the scale along the bottom. There number of showings have decreased by the hundreds in the past month alone.


My Takeaways

I have done many ‘virtual showings,’ and a ‘virtual open house,’ but it’s not the same. Buying a home is often the largest, or one of the largest, purchase one makes in their lifetime – would you be comfortable buying a home you haven’t seen with your own two eyes? Without stepping foot inside your new home until you’ve left the closing table? I wouldn’t, but that’s just me.

I could understand, for example, a multi-family property investor putting an offer on a home, sight unseen, if what they primarily seek is an occupied, income producing rental property. Furthermore, a few years ago, I was part of a transaction where the buyer had a job transfer, and was not able to see the property he purchased in person beforehand. Regardless, these are not regarded as optimal property purchase scenarios. Different, but not preferred.

Overall, I have never more content living here in Wisconsin, an hour away from any major metropolitan city, without public transportation. Post-pandemic, I do think more people will be moving out to the countryside. However, this virus has clearly impacted real estate. The long term effects of the CARES act and mortgage forbearance have yet to be revealed. We must stay vigilant with our finances, now more than ever.

I’ve been using my free time at home to stay in tune with our local and national real estate markets, as well as the overall economy. We will recover from this, eventually, if we all do our part. Remain at home, if you can; take precautions, if you can’t. We are all in this together.

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    


Sources:

Metro Milwaukee MLS: 10K Market Indicator Reports & Local Market Update © 2020

‘Safer at Home’ & Safer At Home Order Extended

CDC guidelines on how to protect yourself

ShowingTime: The Impact of COVID-19 on Real Estate Showings

CARES act

4 Weeks Later…

Walking 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

Weekend in Wisco!

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!

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

Weekend in Wisco!

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 | February 20th, 2020 | Annie Z Realty | Keefe Real Estate

Here are some great events I found in our neck of the woods for the weekend of Friday, February 21st through Sunday, February 23rd … enjoy!

Multi-Day Events:

                      This weekend (Saturday & Sunday, February 22nd & 23rd) ONLY!!!

                      Ends Sunday, February 23rd!

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

                      Ends Sunday, February 29th

                      Ends Sunday, February 23rd!

                      This Weekend & Next Weekend – ONLY!

                      Ends Sunday, February 29th

                      Call for availability 800-225-5558

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

It is bitter cold outside today, but temperatures are supposed to go up tomorrow! Follow this link for the weather forecast.

Friday

Saturday

Sunday

  • 10 AM – 4 PM LBA Home Improvement Expo 2020 @ Evergreen Country Club (Elkhorn)
    • ALSO open 10 AM – 4 PM on Saturday, February 22nd
  • 11 AM – 2 PM the 11th Annual Bridal Show @ Veterans Terrace (Burlington)
  • My birthday! No, I’m not throwing a party – but I will in fact be turning 33! My OCD loves multiples of 3 AND my lucky number is 11 ( 3 x 11 = 33), so I’m pretty pumped!

Follow Link for this Weekend’s Sports Schedules


Open Houses this weekend – extended area:


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

Weekend in Wisco!

Happy {almost} Valentine’s Day to you all! Whether you’re looking for something special to do with your significant other, or need an activity or two to shake the winter blues, you’ve come to the right place… Have a great Weekend in Wisco!

Weekend in Wisco | February 13th, 2020 | Annie Z Realty | Keefe Real Estate


Valentine’s-Day Themed Events:


Multi-Day Events:

The 7th Annual Sky Circus on Ice @ Lake Lawn Resort (on Delavan Lake) is this weekend (0nly)!!! Fri., Feb. 14th through Sun., Feb. 16th (follow link for each day’s activity schedule)

Elkhorn Mini Makers Faire 2020 @ Elkhorn High School (Elkhorn) is this weekend (only)!!!  Sat. & Sun., Feb. 15th & 16th

A Maker Faire is a family-friendly showcase of invention, creativity, and resourcefulness. From engineers to artists to scientists to crafters, Maker Faire is a venue for these “makers” to show hobbies, experiments, projects.

Winter Carnival @ Pier 290 (Williams Bay) Fri./Sat./Sun. for 3 more weekends (follow link for this weekends list of family fun)


Here are this weekend’s local events that caught my eye; I’ll see you out and about!

Friday


Technically, it is still winter; I should have expected this snow, but thankfully the temperatures are supposed to go up this weekend. Follow this link for the weather forecast.


Saturday

Sunday


Follow Link for this Weekend’s Sports Schedules



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

Weekend in Wisco!

Weekend in Wisco | January 23rd, 2020 | Annie Z Realty | Keefe Real Estate

The snow we’ve had these last few days has been beautiful! That being said, please drive safely if you’re planning to drive this weekend. Here is the forecast! I added many more options of things to do this weekend, so enjoy! The following events sound like a lot of fun:

Friday

Saturday

Sunday

Coming Up!!!

Sports Schedules:

NBA SCHEDULE

NFL SCHEDULE – superbowl 2/2

NHL SCHEDULE

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

Weekend in Wisco!

Weekend in Wisco | January 16th, 2020 | Annie Z Realty | Keefe Real Estate

Winter Festivus’ for the Rest-of-Us’!

Who’s excited for all the local winter festivities happening over the next month?! I sure am! Here are the events that peaked my interest for this weekend:

Friday

  1. Drink Wisconsinbly Brandy Old Fashioned Evening at the Delavan Lake Store & Lounge at 6 pm tomorrow will surely be a Wis-good-son time! (why does it sound like there’s a ‘g’ in Wisconsin when I say it? Too many cheese curds up my nostrils? I’m ok with it…)
  2. PNO at PTO (Parent’s Night Out at Privato in Williams Bay) looks pretty cool! If anyone checks this one out, let me know how it goes; this will be held tomorrow, Friday January 17th from 7 pm to 12 am.
  3. Check out the Lake Geneva House of Music’s Winter Concert Series: January Edition. Tomorrow’s concert, starting at 7 pm, will be featuring The Belle Weather of Sheboygan!

Saturday

  1. Ice Party Gone Wild! Hosted by Fontana Fire & Recue from 12 – 6 pm at the Abbey Yacht Club.
  2. I’m hosting an Open House from 12 -2 PM at 174 Third Ave., Fontana, WI 53125! See the final new construction, never occupied Row Home to hit the market!

Sunday

  1. Lake Geneva Symphony Orchestra Chamber Music Concert is set to perform at 3 pm at the Episcopal Church in Lake Geneva (with meet and greet at Avant, down the block, to follow)!
  2. Packers vs. 49ers Playoff Party at The End Zone Bar & Grill in Delavan sounds like fun, but I won’t be there! Due to the universally known Law of Sports Superstition***, I will be at my folks house (again, as I have been the last 2 games), eating the same pizza by Ol’ Man Zambo, sitting in the same spot on their couch and wearing the same outfit, so we win 😊. You’re welcome. ***I made this Law up

Artsy Folk: Gallery 223 has opened a new Winter Show Exhibit. Come take a look Jan 9th through February 23rd in Downtown Lake Geneva.

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 



Sources include: Visit Walworth County & Facebook Events

December 2019 Southeastern WI Market Update and Year in Review

The Mero-Milwaukee Multiple Listing Service gathers the previous month’s active and sold data on the 10th of each month. Here’s what they’ve got to say about our current market conditions, with end-of-the-year data from December 2019…

Monthly Indicators

In 2019 home prices were up again in most markets. Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months ago, mortgage rates end the year close to three quarters of a percent lower than a year ago, helping to improve affordability and offset rising home prices.

[…] With low mortgage rates, low unemployment, and continued wage growth, home buyer activity is expected to remain healthy into the new year. New construction has been on the rise in 2019 and is expected to continue into 2020, but many experts note that the country is still not building enough new units to quench demand. It remains to be seen whether existing homeowners will be enticed to sell by higher home prices, which could finally bring the overall housing market into greater balance.

Metro Milwaukee MLS

Next, let’s dive a little deeper into our market’s performance this past quarter…

Year in Review & Q4


Now, let’s see how our market has fared across all types of listings this year, compared to last.

Tri-County Area Breakdown

Walworth, Kenosha & Racine Counties – 2019 (vs. 2018)

In 2019, a total of 5,769 Single Family Homes were sold in the Tri-County Area, which is EXACTLY the same number of single family homes sold in 2018 (5,769).

  • Walworth County: 1,487 (2018: 1,479)
  • Kenosha County: 2,028 (2018: 2,020)
  • Racine County: 2,254 (2018: 2,297)

1,071 Condos sold in 2019 versus 1,033 Condos that sold in 2018.

  • Walworth County: 456 (2018: 407)
  • Kenosha County: 275 (2018: 270)
  • Racine County: 340 (2018: 356)

350 Multi-Family Homes (including Two-Family Homes) sold in 2019; 363 Multi-Family Homes were sold in 2018.

  • Walworth County: 30 (2018: 42)
  • Kenosha County: 110 (2018: 140)
  • Racine County: 210 (2018: 181)

523 Vacant Land Lots sold in 2019; 638 Vacant Land Lots were sold in 2018.

  • Walworth County: 212 (2018: 203)
  • Kenosha County: 167 (2018: 209)
  • Racine County: 144 (2018: 226)

In 2019, the number of Commercial Listings sold totaled 152. In 2018, that number was 192.

  • Walworth County: 60 (2018: 51)
  • Kenosha County: 43 (2018: 56)
  • Racine County: 49 (2018: 85)

Overall, homes are selling for more money in less time; this indicates we’re in an increasingly competitive, sellers’ market. In other words, there aren’t enough homes for buyers to choose from, creating an auction type atmosphere for real estate transactions.

*IF YOU ARE THINKING ABOUT SELLING YOUR HOME* now would be a good time to start packing. Serious sellers should strongly consider preemptively move out of your home, in order to market it as “move-in ready” (which most buyers want). Alternatively, if your home is unique, you may have to wait longer for that specific buyer or accept less than expected due to buyers’ concessions. In other words, a buyer may ask for more to be included or repaired prior to closing, if they’ve settled on your home out of necessity. Make note that new construction is still on the rise. Finally, please be aware of how long it has been a “sellers’ market,” and eventually (although, no one specifically knows when) the market will turn.

*IF YOU ARE THINKING ABOUT BUYING A HOME* start researching as soon as possible, be aware that you may have to wait longer than anticipated. If you aren’t not finding exactly what you’re looking for, don’t be afraid; you can always ask for certain things to be repaired (professionally) or for personal property (i.e., furniture) to be included in the asking price to sweeten the deal. Additionally, consider building a new construction home. If you’re looking for something very specific, you may need to have work done on a home you purchase in order to make it fit your needs (which, yes, may require lowering your max price point for your home search). Be aware of our (increasingly frequent) multiple-offer situation. In other words, have your pre-approval or proof of funds ready to go, sell your current home first (if you have to sell to buy), and prepare to offer your highest and best – which might be above asking price.


After reviewing these data points, I am excited for the 2020 market! I love my job, and I’d be happy to help you buy or sell this year. Please Note: I can also pull data for any combination of statistics seen above, so please do not hesitate to ask! Your home value has likely increased, if you bought a home 2 or more years ago. Simply ask, and I’ll swing by for a full market analysis; alternatively, if you are just curious, I can also give you a rough estimate of your updated home value based on market data.

I hope you found this helpful, and I’ll see you around!

❤ 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: Current as of January 10, 2020. All data from Metro MLS. Report © 2020 ShowingTime.