Lake Property Waukesha County, Wisconsin

Now is the time to purchase lake property in Waukesha County, Wisconsin!

While taking a close look at the lake property inventory compared to the sold listings within the last year I realized that now is one of the best time for buyers interested in Waukesha County lake property to make a purchase.

Foreclosure properties on the area lakes have increased and we will continue to see foreclosure lake property in this market place. What does this mean for the buyers? #1 the foreclosures, short sales and anxious seller’s are driving the market down. #2 interest rates are still low and the return on investment will be high when buying low. #3 buyers will have and excellent selection of properties because inventory is at an all time high. See below for an example of actual lake property sold prices compared to list price and assessed value price. All data listed is from Metro Milwaukee MLS and tax records:

Pewaukee Lake

N37W26719 Kopmeier Dr Pewaukee, WI (foreclosure)
List Price: $1,600,000
Sale Price: $1,265,000
Tax Assessed Value: $1,494,100

Okauchee Lake

34270 W Road Q Oconomowoc, WI (foreclosure)
List Price: $995,000
Sale Price: $951,000
Tax Assessed Value: $1,087,600

Pine Lake (most prestigious area lake)

4675 N Pine Meadows Ln Chenequa, WI (foreclosure)
List Price: $1,100,000
Sale Price: $850,000
Tax Assessed Value: $906,000

The above examples are only a snapshot of our area lake market place. There is an abundance of sold and active data that is available to the consumer. There are also many new foreclosures on the market at exceptional values. Are you ready for a great deal? If so what are you waiting for? Why not enjoy the lake of your choice for the summer 2010 and the years to come.

Do your homework and pick a Realtor® that knows the lake and will work for you as a Buyer’s Agent ensuring you will get the best property at the best price.