Thursday, October 18, 2012

Delavan Lake 3rd Quarter Update

Delavan Lake property sales picked up remarkably in the third quarter.  There were just as many sales in the third quarter as there were in the first and second quarters combined.  Total sales for lake homes is now ahead of last year’s total.

HOME SALES
For the first nine months there were 12 lakefront properties sold and 23 lake access properties sold.  Last year at this time there were 14 lakefronts sold and only 19 lake access properties sold.  The lake access properties ranged from a $32,101 two-bedroom foreclosure to a $480,000 three-bedroom custom built home in the Viewcrest Subdivision.  The lakefronts ranged from a $311,000 foreclosure on the North Shore to a $1,300,000 four-bedroom estate with 150 feet of frontage, also on the North Shore.

CONDO SALES
There have been 11 Delavan Lake condo sales this year compared to 10 last year.  Sales ranged from a $30,000 condo/hotel unit to a $300,000 three-bedroom, three-bath unit in the Delavan Gardens that included a boat slip and an attached garage.

CURRENT MARKET HOMES
There are 89 single family homes on the market with lakefront or lake access on Delavan Lake.  This is down from 94 last year.  The lake access properties start at $79,900 for a four-bedroom in the Highlands Subdivision and increase to $375,000 for a four-bedroom with a boat slip in Viewcrest Association.  Lakefront homes on the main body start at $289,911 for a one-bedroom just off of Brown’s Channel and increase to $1,999,900 for a six-bedroom home with 132 feet of frontage on North Shore.  

CURRENT MARKET CONDOS
In the condo arena there are 48 units for sale, which is down from 54 last year.  The properties range from a $33,000 foreclosed one-bedroom condo/hotel to $279,000 for a one-bedroom suite at Lake Lawn Resort.  21 of the condos available are foreclosures.

BEST VALUE CONDO
The best value for a condo on Delavan is located at 2232 Landings Lane.  Listed at $184,000, this remodeled one-bedroom home has granite counters, gas fireplace, deck, pier, boat launch, swimming pool, and club house.  In addition, there is a detached one-car garage.
Beautifully remodeled 2232 Landings Lane.
Enjoy the lake views from deck off great room.

BEST VALUE LAKEFRONT
The best value for a Delavan lakefront is located at 2210 Fleming Drive.  Listed at only $524,900, this is a rare opportunity to purchase a three-bedroom lakefront with attached two-car garage and 50 feet of prime lakefront for less than $600,000.  The home is completely renovated with wood floors, granite counters, stainless steel appliances, master suite, and its own private beach.
2210 Fleming Drive featuring large lakefront patio.
Private beach area at lakefront of 2210 Fleming Drive