Delavan Lake 2010 Year End Update


Sales of Delavan Lakefront and Lake Access Properties showed a slight improvement from 2009 to 2010.  The start of the year was strong, slowing down during the summer and fall and finishing with a few more sales.

HOME SALES
For the full year, there were 13 lakefront properties sold and 21 lake access properties sold.  The least expensive lakefront sale was a $300,000 four-bedroom home on the Delavan Inlet while the most expensive sale was a $1,400,000 five-bedroom, five bath, newer construction on South Shore Drive.  The lake access properties ranged from a $40,000 foreclosure in Delmar Subdivision to a $290,000 three-bedroom home in Lakewood Estates.   Last year, there were 11 lakefronts sold and 34 lake access properties sold.   In 2008 there were 12 lakefront sales.

CONDO SALES
The Delavan Lake condominium sales improved significantly from the prior year.  There were 14 sales in 2010 compared to six in 2009.  The sales range from $57,900 for a condo/hotel unit at Lake Lawn to a two-bedroom, two-bath Geneva Landings unit for $221,467.

CURRENT MARKET HOMES
There are 75 single family homes on the market with lakefront or lake access on Delavan Lake.  This is up from 69 at the beginning of last year.  The lake access properties start at $50,000 for a two-bedroom cottage and increase to $595,000 for a four bedroom home with a deeded boat slip and shared pier.  Lakefront homes start at $459,900 for a three-bedroom home on 60 feet of North Shore frontage and progress to $2,499,900 for a six-bedroom, five-bath home on Cedar Point Drive.

CURRENT MARKET CONDOS
In the condo arena, there are 45 units available with lake access on Delavan.  This is down from 50 at the beginning of last year.  The properties range from a $57,900 one-bedroom condo/hotel in the Lake Lawn Resort to $375,000 for a three bedroom unit on North Shore with a boat slip and 2-car garage.

BEST VALUE LAKE ACCESS
The best value for a lake access property on Delavan is a 2-bedroom ranch located off of South Shore.  Listed at $129,900, this home has private boat ramp access, a swim pier, beach and a one car garage.


BEST VALUE LAKEFRONT
The best value for a Delavan lakefront is a three-bedroom, two-bath foreclosure on 60 feet of level frontage.  The home features a large lakeside deck, excellent views, and a private pier.  Listed at $459,900, this home is selling for $240,000 less than the assessed value. 


BEST VALUE CONDO
The best value for a lakefront condo is a one-bedroom, one-bath unit in the Delavan Club listed for $169,900.  The unit is completely remodeled with wood floors, granite counters and a gas fireplace.  The complex features an outdoor pool, tennis courts, basketball court, and fitness room.

Comments

Post a Comment

Popular posts from this blog

Top Five Lakefronts On Delavan Lake, WI

Image
     As the season changes to fall, it is interesting to see what are the five most expensive homes listed for sale on Delavan Lake.  With over 2,000 acres of recreation space, Delavan Lake is an all-sport lake in Walworth County, WI that is less than two hours from Chicago, Milwaukee, and Madison, WI.      #1 - The most expensive listing currently available on Delavan Lake is located at 2938 North Shore Drive.  Listed at $3.3 million, the home sits on 410 feet of steep frontage and boasts one of the most elaborate wine cellars in North America. 2938 North Shore Drive, Delavan Lake View from the Master Suite at 2938 North Shore Drive      #2 - Coming in at number 2 is 3307 South Shore Drive.  Almost directly across the lake from the first home, this 10,000 square foot estate is listed for $2.95 million and includes six bedrooms, eight bathrooms and 200 feet of lakefront. 3307 South Shore Drive, Delavan Lake Looking at the lake from the main floor office at 3307 South S
Read more

Delavan Lake Sales Fall in First Half of 2022

Image
  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
Read more

Delavan Lake First Half 2023 Real Estate Update

Image
      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
Read more