Buyer acitivity picking up on Delavan Lake

The buyer activity is picking up on Delavan Lake.

As has been the case over the last two years, there is an influx of buyers interested in Delavan Lakefront Property in the fourth quarter.  Showings are up.  Inquiries are up.  And there are three accepted offers on Delavan Lakefronts.

One of these properties is a five bedroom, five bath, new construction on South Shore Drive.  Originally placed on the market at $2,499,900, the property has been reduced to $1,795,000, and most likely will sell for a bit less.  This is typical of many Delavan Lakefront Properties that are on the market.

Overly aggressive agents priced the properties above an overheated market only to be forced to slash the prices to get buyers interested.  Prices are now close to the assessed value and the assessed  value appears to be a good indicator of the true value for Delavan Lakefronts.

For example, the five bedroom mentioned above, is assessed at $1,800,000.  With the property coming on the market 33% higher, the reduction follows the overall price decreases we have seen in the Delavan Lakefront market.

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