Delavan Lake First Half Summary


     Sales of Delavan lakefront properties are on their fastest pace since 2007.  Reduced prices have increased activity as bargain hunters are being rewarded with sharp discounts.

HOME SALES
     For the first six months, there were ten lakefront properties sold and nine lake access property sold.  Last year, there were nine lakefronts sold and five lake access properties sold in the first half.  The lake access properties ranged from a $16,250 tear-down cottage in Delmar Subdivision to a $119,900 two-bedroom in Delmar.  The lakefronts ranged from a $325,000 four-bedroom off North Shore to a $718,000 four-bedroom, three-bath home with 60 feet of frontage on Lake View Drive.

CONDO SALES
     Delavan Lake condominium market sales are less than half of last year’s number.  There have been only four sales this year compared to 11 last year.  Sales ranged from a $38,000 condo/hotel unit to a $230,000 three-bedroom Delavan Club two-story.

CURRENT MARKET HOMES
     There are 109 single family homes on the market with lakefront or lake access on Delavan Lake.  This is down from 111 last year.  The lake access properties start at $99,900 for a small two-bedroom and increase to $595,000 for a four-bedroom home with lake views and a boat slip.  Lakefront homes start at $175,000 for a one-bedroom home on Highlands Channel and progress to $2,499,900 for a six-bedroom home with 132 feet of frontage on North Shore.  40 of the lakefront homes are on the main body.

CURRENT MARKET CONDOS
     In the condo arena, there are 42 units for sale, which is down from 47 last year.  The properties range from a $49,900 one-bedroom condo/hotel to $349,900 for a remodeled three-bedroom with a pier, boat lift and boat launch in Delavan Gardens.

BEST VALUE CONDO
     The best value for a condo on Delavan is located at 1447 Delavan Club Drive.  Listed at $154,900, this remodeled one-bedroom home has a wood floors, granite counters, natural fireplace, pier, boat launch, swimming pool, and club house.  In addition, there is a detached one-car garage.

BEST VALUE LAKEFRONT
     The best value for a Delavan lakefront is located at 2201 South Shore Drive.  This five-bedroom, five-bath home, has 80 feet of level lakefront, private pier, tiered deck and two 2.5 car garages.  Listed at $1,499,000, this home offers panoramic lake views, sunsets and has been reduced from an initial listing price of $2 million.

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