Thursday, January 17, 2019

Delavan Lakefront Real Estate Summary for 2018


     Sales of Delavan Lake homes took a pause in 2018 as frustrated buyers could not find properties available for sale. The low level of inventory pushed prices of poorly maintained properties above the fair market value while more informed buyers hung on to their investment dollars.
     For the total year, there were 15 lakefront homes that changed ownership on Delavan Lake.  This compares to 25 in 2017 and 10 in 2016.  Prices of homes on the main body that sold in 2018 ranged from $520,000 for a small south shore cottage on 60 feet of frontage to $1.85 million for a spectacular 6585 sq. ft. two story on level north shore frontage.
North Shore Delavan lakefront sale in 2018 for $1,850,000.

     Lake access homes were fairly steady with 45 sales in 2018 compared to 46 in 2017 and 52 in 2016.  Low inventory levels again played a factor as there were more buyers than sellers.  Prices of homes sold with lake access ranged from a three car garage in the Delmar Subdivision that had a one bedroom cottage on the same lot for $61,800 to $640,000 for a five bedroom, four bathroom home on the South Shore with lake views and a private boat slip.
     Condominiums sales on Delavan Lake were flat when compared to prior years with 20 sales in 2018;  21 in 2017; and 19 in 2016.  Prices ranged from $40,000 for a Delavan Lake Resort condo/hotel room to $310,000 for a three bedroom Delavan Gardens unit with a boat slip and pier.
Current Market Homes
     The number of available homes with lake frontage or lake access continues to shrink with only 24 listed for sale at the start of the year.  This compares to 33 in 2018 and 37 in 2017. 
     Prices for lake access homes range from $134,000 for a three bedroom ranch in the Delmar subdivision on the south shore to $399,000 for an older three bedroom ranch off of Glen Eyrie on the north shore.
     Prices for lakefront properties start at $349,000 for 90 feet of frontage on the Delavan Inlet that has a three bedroom, two bath home and two separate garages to $2.4 million for 453 feet of north shore frontage that boasts a 8,500 sq.ft. home with six bedrooms, seven baths and 10 garage spaces.
8,500 square foot Delavan Lakefront listed for $2,400,000.

Current Market Condos
     There were only 10 lake access condos available at the start of the year compared to 13 at the start of 2018.  Prices span from a two bedroom condo/hotel room in Lake Lawn Resort at $75,000 up to a two bedroom Geneva Landings lakefront for $274,000.
Best Value Lake Access
     The best value for a lake access home is located at 2904 Jones Street.  This three bedroom, one bath ranch is listed for $134,000 has lake rights that include a boat launch and swim pier.  The property has a larger lot and a detached two car garage.
Best value with lake access on Delavan Lake located at 2904 Jones Street.

Best Value Lakefront
     The best value for a lakefront home is located at 2724 Willow Point Drive.  This older four bedroom, two story has 100 feet of north shore frontage a private pier and detached oversized garage.  Listed at $795,000 the home has broad lake views and looks over a calm bay.
Best value lakefront home for Delavan is located at 2724 Willow Point Drive.
Click here to tour this property

Best Value Condo
     The best value for a condo on Delavan Lake is located at 1425 Delavan Club Drive.  At only $135,000, this one bedroom walks right out to the water and has a great club house and large outdoor pool.

Thursday, November 15, 2018

Great Delavan Lake Gift Guide

     If you like Delavan Lake, you'll love the new Gift Guide from The Delavan Lake Store.  This year's catalog has more than just amazing wine and cheese baskets.  There are also new clothing items, Delavan branded trinkets and a line of Delavan Lake signs that can be customized with your family information.
     A link to the Delavan Lake Gift Guide can be found by clicking on to the image below.  Happy Holidays!
Find unique Delavan Lake Gifts by clicking HERE!

Friday, October 26, 2018

First Nine Months Slow For Delavan Lake Sales


     Sales of lakefront properties have been extremely slow this year on Delavan Lake.  In the first nine months, there have been only seven waterfront properties sold compared to 21 that were sold in 2017.  Prices ranged from $520,000 for a three bedroom ranch on 60 feet of South Shore frontage to $990,000 for a four bedroom log home with 67 feet of frontage on the North Shore.
     Lake access homes did better with 32 sold in 2018 compared to 33 in 2017.  The main drag on sales seems to be the lack of inventory.
     Currently, there are only 15 homes with water frontage available on Delavan Lake when normally we would have around 25.  The starting price point for a house on the water is $319,000 for a four bedroom ranch on the Delavan Inlet.  Prices increase to $1,895,000 for six bedroom, 7,000 square foot newer construction on the North Shore.
     The lake access homes are more abundant with 31 currently on the market.  Homes with water rights start at $94,900 for a one bedroom mini-house in the Delavan Inlet and graduate to $539,000 for a three bedroom two-story with lake views in the Viewcrest Subdivision on the west end of the lake.
     Condo sales are also lower than last year with 15 units trading hands in 2018 compared to 18 in 2017. Prices of condos currently on the market range from $75,000 for a one bedroom condo/hotel room in the Lake Lawn Resort and stretch to $375,000 for a three bedroom, 2200 square foot unit with a boat slip and attached garage on the North Shore.
     The best value lakefront home right now is located at 2724 Willow Point Drive.  This four bedroom two-story sits on 100 feet of frontage and has prime views of the middle of the lake.  Listed for only $795,000 the home is selling for pretty much the land value.
The best value for a lakefront on Delavan Lake is at 2724 Willow Point Drive
Take a tour of this property

     The best value lake access property is located at 4030 Bay Road.  This well-maintained two bedroom, is larger than it looks and has a full basement that could be used for additional sleeping area or entertainment space.  It is priced at only $225,000 and includes a boat slip and one car garage.
The best value for a lake access property on Delavan Lake is at 4030 Bay Road
Take a tour of this property.

     The best value for lake condos is located at 2153 Newbury.  With two levels of living space, a walk out lower level and deck off the main floor, the unit has plenty of room for guests.  It is priced at $224,000 and owners can get a boat slip after a short wait period.

Friday, July 20, 2018

First Half Delavan Lake Sales Start Slow


     Delavan Lake sales have been limited in 2018 due to a tight supply of homes on the market.  Buyers have been frustrated by lack of inventory and a shortage of homes that have been updated and ready to move in and enjoy.
     For the first six months of the year, there have been 17 sales of lakefront and lake access properties on Delavan compared to 22 in 2017 and 27 in 2016.  Sales ranged from $65,000 for a one bedroom in the Delavan Highlands to $990,000 for a four bedroom lakefront on the North Shore.
     Condominium sales are up slightly with 10 sales in 2018 compared to eight in 2017 and 10 in 2016.  Prices of units sold ranged from $40,000 for a condo/hotel room in The Delavan Lake Resort to $237,000 for a two-bedroom in the Geneva Landings complex.
     Currently there are only 49 lakefront and lake access homes available to purchase around Delavan Lake.  This compares to 62 in 2017 and 72 in 2016.  Prices of lake access homes start at $74,500 for a one-bedroom cottage in the Delmar Subdivision and increase to $675,000 for a five-bedroom, 3,000 square foot newer construction in the Belrock Association on the South Shore.  Lakefront homes start at $339,900 for a four-bedroom ranch on the Delavan Inlet and top out at $2,085,000 for a five-bedroom, newer construction on the North Shore with 83 feet of frontage.
Highest priced home currently available on Delavan Lake.  $2,085,000.

     There are only 18 lake access condos on the market compared to 23 last year.  List prices range from $55,900 for a condo/hotel room and top out at $375,000 for a three-bedroom unit in Delavan Gardens on the North Shore.
     The best value for a lake access property is located at 4312 Silverwood Drive.  Nestled in Viewcrest Estates on the west end of the lake, this three-bedroom ranch is in excellent condition, has a boat slip, deck with hot tub and a four season room off the kitchen for extra entertaining space.  It is priced at $289,900 and enjoys association lake rights that include a beach, boat launch and swim pier.
     The best value for a lake access condo is 2141 Jefferson Lane in the Geneva Landings complex.  This four-bedroom unit has a number of upgrades including granite counters and new cabinetry in the kitchen, a walk out lower level and spacious master suite.  The unit is listed for $199,000.
Best value condo located at 2141 Jefferson Lane, Delavan Lake
Click here to take a tour.

     The best value lakefront is located at 4302 Gil Court.  Priced at only $415,000, this three-bedroom lakefront has 25 feet of private frontage on the South Shore, a spacious front deck and a detached 2.5 car garage.  Rarely do we see a lakefront with so much to offer for less than $500,000.
Best Bargain on Delavan Lake, WI is located at 4302 Gil Court.
Click here to take a tour.
Lakefront pier and boat slip on Delavan Lake for 4302 Gil Court.


Wednesday, July 11, 2018

New Price Reductions on Delavan Lakefronts

     Two new reductions in Delavan Lakefronts have made the lake life even more affordable.
     Both are located on the north shore of Delavan Lake with great swimming frontage and expansive views of the water.
     The first is located at 2508 North Shore Drive.  This two bedroom lakefront features two large decks to drink in the sunshine and a back patio when you feel like a little shade.  Reduced to $525,000, this remains one of the best values on the lake.
Back patio space of 2508 North Shore Drive, Delavan Lake, WI
Private pier and boat slip of 2508 North Shore Drive, Delavan Lake, WI
View from your master bedroom balcony.
Click Here to Tour the rest of the house
     If you are seeking more privacy, how about two acres of wooded spender on the water?  Located at 2920 North Shore Drive, this four bedroom private get away includes a second lower level kitchen, theater room, sun room and five-car boat garage for toy collections.  The price has been lowered to $1,175,000 and is ready for the next family to enjoy and build memories.
2920 North Shore Drive, Delavan Lake has nearly two acres of wooded privacy.
Lake views from nearly every room at 2920 North Shore Drive, Delavan Lake, WI
Enjoy your own private lakefront pier at 2920 North Shore Drive, Delavan Lake, WI.
Click Here to tour the rest of the property.


Thursday, June 28, 2018

Best Lakefront Values on Delavan Lake

     Lakefront home buyers have a number of great values to choose from on Delavan Lake right now.  Rarely can you buy a livable structure for less than $600,000 but currently, there are three to choose from.
     One of the best opportunities is a three bedroom cottage on the South Shore of the Delavan Lake.  Located at 4302 Gill Court, this home has been a cherished family retreat for over 30 years.  With its proximity to the water's edge, lakefront deck and remodeled front room, the $425,000 property also includes a large two car garage for boat storage.
4302 Gill Court gets you on Delavan Lake for $425,000.
Click here to Tour this great opportunity

     Second is a well-maintained two bedroom on the North Side of Delavan Lake.  The property at 2508 North Shore Drive features two large upper bedrooms, two lake side decks, a remodeled kitchen and carefree siding.  The home is close to restaurants, a marina and entertainment all within walking distance. Available for $544,000, this lakefront is great for entertaining or a quiet weekend get-a-way.
2508 North Shore Drive features two large lake side decks.
Click here to see the inside of this home.

     The third offering is located at 2401 South Shore Drive.  With its 60 feet of prime frontage, a private boat house and covered porch, this three bedroom provides ample opportunity to enjoy the lake activities without the cost of surrounding homes.  The ranch is listed for $599,000 and is located in a prime position of the lake.
The boat house for 2401 South Shore Drive is right at the water's edge.
Click here to tour the main house.

Tuesday, May 1, 2018

2018 Sales Start off Slow for Delavan Lake, WI


     Sales of homes around Delavan Lake were limited for the first quarter of 2018, just as they were in 2017.  For the first three months, there were only 10 sales of lake homes and condos compared to eight for the previous year.  Two of the sales were lakefront properties, one which sold for $675,000 and the other for $990,000.
Recently sold Delavan Lakefront on South Shore fetched $675,000

     The offerings of properties for sale are limiting overall activity.  There are only 36 homes currently on the market that have lake frontage or lake access on Delavan Lake.  Usually, we would have around 60 properties that are for sale at this time of the year.  Condos are also in short supply with only 16 units listed.
     Lake access homes start at $56,000 for a tear down cottage off of Dutch Mill which is on the south side of the lake.  The cottage, with a faulty foundation and collapsing walls, has a lake view and water access at the end of the street.  The most expensive lake access property is located off the north shore on Viewcrest Drive.  Priced at $539,000, this three bedroom, reconstructed home, features lake views and a boat slip across the street.
     For homes directly on the water, prices start at $459,900 for a five bedroom cottage at the end of Bennett Street on the south shore.  With its tiny bedrooms and dilapidated structure, the property will require a substantial investment to bring it up to most people’s standards.  The most expensive property for sale on Delavan Lake is a short distance away from the Bennett Street one.  Shodeen Homes is building a $1.4 million home that includes 120 feet of lakefront, six bedrooms, five bathrooms, a walk out lower level and 3881 square feet of living space.
     The best value on Delavan Lake right now is located at 2804 Manor Lane.  Situated on the south shore, this property has 100 feet of level frontage and a park-like fenced in back yard.  The four bedroom two story has an open concept living space on the first floor with views of the water from the kitchen, living and dining rooms.  A large deck wraps around the front of the home with plenty of space for entertaining or relaxing in the sun.  Although the home needs some updating, it is priced at only $799,000 so a new owner could remodel without breaking the $1 million mark.
2804 Manor Lane offers one of the best values on Delavan Lake.
Click here for more information

     The best value for a lake access home is a newly listed three bedroom located at 4600 Silverwood Drive.  This home is in the Viewcrest Estates subdivision and is meticulously maintained.  Offered for $350,000 the property has a remodeled kitchen with granite counters and stainless steel appliances, a spacious master suite and incredible space that includes a four car attached and a four car detached garage.  The property has a boat slip and has access to an association beach, boat launch and swim pier.
4600 Silverwood Drive includes a four car attached and a four car detached garage.
Click here for more information