3rd Quarter Delavan Lake Sales Up from 2010


Sales of Delavan Lakefront and Lake Access properties grew at a healthy pace for the third quarter of 2011

HOME SALES
From July 1 to September 30, there were four lakefront properties sold.  Last year, there were no sales during this period.  Year to date, there have been 14 sales of Delavan lakefront properties compared to nine in 2010.  Sales ranged from a three-bedroom on North Shore for $705,000 to a five bedroom, four-bath home on South Shore for $1,250,000.

Sales of Delavan lake access properties also were strong with 10 sales for the three month period.  Nine were sold during the same time frame last year.   Year to date, there have been 19 lake access sales compared to 19 last year as well.  The sales for the quarter ranged from a $55,000 one-bedroom foreclosure to a $390,000 four-bedroom in Rockford Colony.

CONDO SALES
The lakefront condo market picked up as well in the third quarter.  There were six sales this year compared to two last year.  Year to date, there have been 10 sales compared to 13 last year.   The sales for the quarter ranged from a $129,900 Delavan Club one-bedroom to a $300,000 Delavan Gardens three-bedroom.

CURRENT MARKET HOMES
There are 94 single family homes on the market with lakefront or lake access on Delavan Lake.  This is down from 99 last year.  The lakefront properties start at $174,900 for a three-bedroom home on Brown’s Channel and progress to $2,199,999 for a six-bedroom home on Cedar Point.

CURRENT MARKET CONDOS
In the condo arena, there are 54 units for sale, which is up from 43 last year.  The properties range from a $48,900 one-bedroom condo/hotel to $319,000 for a three-bedroom in Delavan Gardens.

BEST VALUE LAKE ACCESS
The best value for a lake access property on Delavan is located at 4125 Ravenswood.  Reduced from $199,000 to $149,900, this three-bedroom home has a pier, boat slip, full basement and two-car garage.

BEST VALUE LAKEFRONT
The best value for a Delavan lakefront is 2229 South Shore Drive.  This five-bedroom, four-bath lakefront, has 75 feet of level frontage, a large front deck and a 3-car garage.  It has been reduced from $949,000 to $849,000.

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