ResalesWisconsin Lake Markets Are Selling Homes
Realtors in Wisconsin communities such as Rice Lake, Lake Geneva, and Legend Lake are reporting brisk sales in homes.
Rice Lake
"Rice Lake is a recreation get-away," says Realtor Margo Katterhagen, "and it is up and coming with growth. Barron County has proven to be a fast paced community with industry being our strong employer. Barron County experiences "transplanted" buyers and sellers year round - which in turn makes our real estate market constantly changing. With low interest rates and with Barron County being a targeted area for "Wheda" funding - we are experiencing a record number of sales already this year."
Lake Geneva
"If you like lots of specialty shops, large executive homes, condominium complexes, surrounded by Lake Geneva and surrounding lakes (for whatever your pleasure ... fishing, sailing, swimming, pontooning), and enjoy living in a tourist area, this is it," say Realtors Ron and Diana Dahlberg. "We have the best of both worlds ... old world charm and contemporary lifestyles."
About the market, they explain, "Southeastern Wisconsin, Lake Geneva, is a fast-growing market, especially because of its location between the larger cities. It is an area of many resorts, affluence and opportunity. The housing market is ever growing ... condominiums and new construction continue to pave the way! Many people come to Lake Geneva from the Illinois and surrounding Milwaukee County areas. Interest Rates have now risen to and over 6 percent, a range that is still encouraging continued home purchases. Buyers are being more particular and are looking at a lot of homes before making their purchase. The nicer homes are selling while the homes needing some sprucing up are stagnating in the market.
They advise, "There are a variety of special loan packages available to buyers today, so be sure to check with your lender about the special ARMs especially on 15-year loans. Now is the time to buy. Don"t let this window of opportunity pass you by. We don"t know what the future holds, but we do know the rates will not hold forever at these remarkable lows."
Legend Lake
"Legend Lake is just 4 1/2 hours north of Chicago and three hours north of Milwaukee, one hour from both Green Bay and Appleton and just seven miles north of Shawano," says Realtor Jerry Wendland. "Legend Lake provides an unparalleled opportunity to enjoy wholesome living among the rugged wilderness. Over 40 miles of shoreline created from nine smaller lakes produced some of the area"s most choice lakeside and off-shore homesites on a nearly 5,100 acre development. Little known...The Legend Lake system is larger than 98 percent of all Wisconsin Lakes.
"Currently, there are only three waterfront lots available and approximately 12 waterfront homes available on the Legend Lake system," says Wendland. "There is increased interest in off-shore properties. The relationship between seller supply and buyer demand remains great. With interest rates remaining low and available inventory lacking, the market is poised more towards a seller"s market. Buyers are not wasting much time evaluating their options if the price is right. There"s no telling how long these current conditions will last."
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