Delavan Lakefront Sales Wither in Heat

     After a decent start to the year, sales on Delavan Lake have shriveled up like the area corn in the heat of the summer.  There were four quick sales early in the year ranging from a $550,000 foreclosure to a $1.3 million dollar lakefront estate.  Since then, only two additional sales managed to close in the first half of the year.
     One of these recent sales was a $311,000 foreclosure located on 50 feet of frontage and the other a $571,250 tear down situated on 87 feet of South Shore frontage.  The only rapid activity in the area is the pace at which the 87 foot property was torn down.  It seemed as though the ink was still drying on the signatures when the bulldozers took charge of the property.
     Prices remain relatively firm regardless of the limited sales.  This is mainly due to the fact that many sellers took hefty price reductions early in the year.  One example is 1409 South Shore.  The property is assessed fro $1,087,500 but has been reduced to $899,000 making is some of the most affordable 120 feet of South Shore frontage currently available.

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