Lake Geneva, WI Real Estate

Lake Geneva, Wisconsin Real Estate

Lake Geneva, Wisconsin is a beautiful destination located in Southeastern Wisconsin. Just 10 miles north of the Illinois state line, the city of Lake Geneva is conveniently located between Chicago and Milwaukee. The city’s main attraction, Geneva Lake, is a hub for business and social activity in the area. The lake is one of the few developed lakes in the United States with a public path along the shore for the entire distance along the lake. The Lake Shore Path is approximately 23 miles long.

Lake Geneva was recognized as one of a Dozen Distinctive Destinations by the National Trust for Historic Preservation.

Amenties
A community of such standing must surely host an abundance of social activities in which to partake. Indeed it does. Lake Geneva has beach areas offering parasailing, boating, lake cruises, fishing, watersports and schools for watersports. It also has twenty golf courses, adventure parks offering ziplining and climbing towers, an all-season waterpark resort, horse carriage ride services, and many orchards and wineries.

Those with a taste for the arts attend the Lake Geneva Symphony Orchestra or one of the 10 fine art galleries. For a more laid-back setting, residents find their way to one of the many outdoor concerts, barn dances, traditional Native American “Pow Wows,” the local Dancing Horse Theatre (yes, a horse theatre), or the famous Venetian Festival.

Some of the festivals native to Lake Geneva are Geneva National – the area’s Fourth of July celebration, the Great Electric Children’s Christmas Parade, the Winter Fest and International Ice Sculpting Competition, and Eco Fair 360 – an event just miles away showcasing the people and companies that are making green happen in Southeastern Wisconsin and Northeastern Illinois.

Like looking at the stars? Lake Geneva is home to the world’s largest refracting telescope located at Yerkes Observatory.

History
The ancient Oneota tribes of the lost Hopewell Culture Indians lived in Lake Geneva as long ago as 1000 B.C. Descendants of this tribe lived in the area until 1836, when the United States Army relocated them to Kansas. The Indians had called the area Kish-Way-Kee-Tow, meaning clear water.
John Brink, a government surveyor, named the lake after the lake in his hometown in Geneva, New York. Prior to the Civil War, Lake Geneva was an area en route for slaves to escape Southern Illinois and Eastern Kentucky. Post Civil War, the town became a resort for the wealthy Chicago families. The Chicago Fire of 1871 caused many Chicago families to move to their summer homes on the lake while the city was being rebuilt.

After Lake Geneva began to develop, immigrant settlers from New England and New York flooded into town.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Badger High School (Lake Geneva) Lake Geneva-genoa City Uhs School District Public 1414 13 BADGER HIGH SCHOOL GreatSchools Rating
Eastview Elementary School (Lake Geneva) Lake Geneva J1 School District Public 280 12 EASTVIEW ELEMENTARY SCHOOL GreatSchools Rating
Lake Geneva Middle School (Lake Geneva) Lake Geneva J1 School District Public 650 14 LAKE GENEVA MIDDLE SCHOOL GreatSchools Rating
Reek Elementary School (Lake Geneva) Linn J6 School District Public 145 10 REEK ELEMENTARY SCHOOL GreatSchools Rating
Star Center Elementary School (Lake Geneva) Lake Geneva J1 School District Public 400 13 STAR CENTER ELEMENTARY SCHOOL GreatSchools Rating
Traver Elementary School (Lake Geneva) Linn J4 School District Public 117 9 TRAVER ELEMENTARY SCHOOL GreatSchools Rating
Woods Elementary School (Lake Geneva) Geneva J4 School District Public 200 14 WOODS ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 17,093 103,613 5,852,878
Total Households 7,123 40,209 2,349,819
Total Families 4,495 26,491 1,516,725
Percent Male 49% 50% 50%
Percent Female 51% 50% 50%
White Collar Jobs 51% 50% 58%
Blue Collar Jobs 49% 50% 42%

Top Occupations

Professions Population Employed
Professional Services 1,777
Healthcare 1,257
Food 1,112
Sales 1,005
Maintenance 963
Manufacturing 680
Management 440
Transportation 392
Construction 254
Social Services 220

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 566 4,085 224,571
High School Graduate 3,667 21,934 1,256,597
Some College 2,591 15,690 833,955
Associates Degree 881 6,032 410,260
Bachelors Degree 2,390 12,073 747,113
Graduate Degree 1,516 7,054 384,121

Education Attainment


Market Conditions
Market Conditions for Lake Geneva - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Lake Geneva

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $268,707. The median sales price for homes in July fell by ($39,793) compared to last month. This represents a 12.89% decrease from June. Compared to the same month last year, the median price of homes rose by $70,707 representing a 35.71% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 8 in July to 91. This represents 8.08% decrease from June when 99 homes were on the market. Compared to the same month last year when there were 115 homes for sale, the inventory of homes for sale has fallen by 24 representing a -20.86% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 35 homes sold in July was 9 more than in June. This represents a 34.61% increase in sales from June. Compared to the same month last year, the number of homes sold increased by 13, a 59.09% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in July (84) increased by 17 days compared to June. This represents a 25.37% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 29, a 52.72% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 94.74% in July rose by 0.32% compared to June and increased 4% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in July (28) fell by 2 compared to June, a 6.66% change. Compared to July 2019, the number of new listings decreased by 8, a -22.22% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in July was $274,450. The median list price for homes in July rose by $7,050 compared to last month. This represents a 2.63% increase from June. Compared to the same month last year, the median list price of homes increased $35,550 representing a 14.88% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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