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Delavan Lake, WI 2023 Real Estate Summary

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  Delavan Lake Property sales held steady in 2023 as inventory remained limited for all home types. For 2023, there were 55 lake access homes sold with 12 of them being lakefront properties.   This compares to 55 lake access homes also being sold in 2022 with 10 of those having private frontage. The lake access homes ranged from $73,000 for a three-bedroom cottage that was in the middle of an extensive remodeling project, to $448,000 for a five-bedroom walk-out ranch in the Highlands Subdivision on the west end of the lake. The least expensive lakefront home sold for $565,000 for a small two-bedroom in the Ravenswood Subdivision while the highest priced sale was $4,125,000 for a furnished five-bedroom two-story on 76 feet of South Shore waterfront.   We also saw the first Lake Lawn Harbor Club sale in 2023 as the newly constructed five-bedroom brought in $1,126,811. 2023 saw the first sale of a Lake Lawn Harbor Club unit. Currently, there are only 12 lake access homes for sale wi

Delavan Lake First Half 2023 Real Estate Update

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      Sales of Delavan Lake properties remained constrained for the first half of 2023.    The lack of inventory was the main culprit along with home owners reaching for excessively high valuations.      For the first half of the year, we saw three lakefronts sold compared to only one last year.    Interestingly enough, the value of the one sold last year exceeded the total sales price of the three sold this year.      Lake access sales were equal with 19 homes being sold this year and 19 being sold last year as well.    The price range for lake access homes sold this year started at $124,000 for a small cottage in the Delmar subdivision and increased to $460,000 for a three bedroom ranch in the Ravenswood subdivision at the west end of the lake.    The home in Ravenswood originally listed for $545,000.      Lake Access Condo sales slowed to 13 in 2023 compared to 20 in 2022.    Units ranged from $43,400 for a condo/hotel room in the Lake Lawn Resort to $410,000 for a two bedroom condo

2022 Delavan Lake Real Estate Summary

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  Delavan Lakefront sales struggled in 2022 while lake access homes and lake access condos showed strong results compared to the prior two years. There were only eight lakefront sales on Delavan Lake compared to 17 in 2021 and 2020.   The lack of sales was due to limited inventory as prices shot to record levels. Lakefront sales ranged from $575,000 for a two-bedroom, two-bath home on the Inlet and progressed to $3,125,000 for a six-bedroom, seven-bath home on 111 feet of prime South Shore frontage. This Delavan Inlet home sold for $575,000 in 2022. The most expensive sale in 2022 was for $3,125,000 Lake access homes started at $95,000 for a fixer-upper in the Delmar Subdivision and topped out at $618,000 for a three-bedroom ranch with an in-ground pool and boat slip. Lake condo sales were sharply higher with 41 sales compared to 20 in 2021 and 24 in 2020.   Most of the activity was due to Condo/hotel liquidations (22 units) that ranged from   $25,000 to $150,000. Condos that can

Delavan Lake Sales Fall in First Half of 2022

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  The first half of 2022 showed a drop in Delavan Lake real estate sales from the prior year due to a lack of inventory. For the first six months of 2022, there was only one lakefront sale compared to eight in 2021.   For lake access properties, there were 19 homes sold in 2022 while there were 25 sold the prior year. The only lakefront property to change hands was a five bedroom home on the South Shore that sold for $2,261,000.   The property had 95 feet of lake frontage and eight garage stalls. The only sale for the first half of 2022 was located on the South Shore of Delavan Lake The sales of lake access properties ranged from $96,000 for a two-bedroom cottage in the Delmar Subdivision on the south side of the water to $580,000 for a large two-bedroom home in Assembly Park on the north side of the lake with expansive views and deck space. For Delavan Lake condos, there were 20 units sold in the first half of 2022 compared to 17 units last year.   Prices ranged from $45,000 for

Lake Geneva Real Estate Market Shifts Drastically

      The market share break down for real estate in the Lake Geneva area has shifted drastically over the past 10 years.  Top player Keefe Real Estate sold out to Compass, based in New York and has seen sales plunge as a result.      For the first quarter of 2012, Keefe had a market share of 53.93% of the sales in Walworth County.  For 2022, this fell to only 22.24%.  Rival Shorewest Realtors saw their market share fall from 13.14% to 5.61% while new comers Geneva Lakefront Realty and @Property muscled in at 20.21% and 7.52% respectively.      The change in technology and the ease of individuals to find homes on their own has lessened the stranglehold that large real estate companies used to have.  Now, market share goes to the nimble, smaller firms that show they can compete on a personal level and react to market changes more swiftly than corporate controlled companies.

Delavan Lake First Quarter Real Estate Sales

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     Delavan Lake Real Estate Sales were slow again in the first quarter of 2022. Low inventory of single family homes pushed many buyers to purchase condo/hotel options and lack of inventory left many on the sidelines.       For the first quarter, there were six single family homes sold with lake access and five condos sold. There was not a single lakefront home sold during the first quarter.       Sales of lake access properties ranged from $96,000 for a two bedroom cottage in the Delmar Subdivision off of South Shore to $580,000 for a large two bedroom in Assembly Park on the North Shore. The Assembly Park property had excellent views and a large deck overlooking the water.       Condo sales ranged from $53,000 for a double queen condo/hotel suite in the Lake Lawn Resort to a three bedroom waterfront condo in the Delavan Club that sold for $330,000. There was a one bedroom sale in the Geneva Landings complex that ranked as most expensive one bedroom ever sold. The price was $22

Delavan Lake Agent Featured In Top Agent Magazine

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  Delavan, WI: Ryan Simons of Simons Realty Group was featured in the Wisconsin Edition of Top Agent Magazine in January 2022. Top Agent Magazine is the premier real estate magazine featuring the foremost real estate agents, mortgage professionals, and affiliates in the USA, Europe, Canada, Australia, and New Zealand. Top Agent Magazine features the top producing and most accomplished professionals in the real estate industry, offering an in-depth look at their careers and providing a blueprint for their success. To be considered for a feature in Top Agent Magazine all professionals must go through a nomination and interview process. All Candidates are then evaluated based upon production, professionalism, as well as industry and community involvement. It is considered a privilege to be nominated as it speaks to a certain success level all real estate agents strive for. Top Agent has set itself apart as a trusted source of real estate information and inspiration. Ryan Simons is a st