Sales build while inventory falls for Delavan Lake Properties


HOME SALES
     The first quarter of 2013 saw sales up slightly while the inventory of homes fell drastically around Delavan Lake.  For the first quarter, there were three lakefront sales and five lake access sales.  Last year, there were two lakefront sales and three lake access sales.  The range in transaction price was $53,000 for a foreclosure in the Delmar Subdivision to $729,000 for a five-bedroom, three-bath lakefront on Delavan’s South Shore.  Two lakefront properties have accepted offers on them compared to six at this time last year.
Recent South Shore Sale
 
CONDO SALES
     There have been three sales of condominiums with lake rights in the first quarter of 2013.  This is the same number that we saw last year in the first quarter.  All of the sales this year were Lake Lawn condo-hotel rooms.  The prices of the sales ranged from $55,000 to $60,000.  There are currently two condominium units with accepted offers.
CURRENTLY LISTED HOMES
     There are 68 single family homes for sale with lake frontage or lake access on Delavan Lake right now.  This compares to 97 that were on the market this time last year.   The lake access properties start at $80,000 for a two-bedroom starter home in the Highlands and increase to $429,000 for a three-bedroom, four-bath private residence in the Windtree Association.   Lakefront homes start at $239,000 for a three-bedroom on Brown’s Channel and progress to $1,625,000 for a four-bedroom with 221 feet of frontage on North Shore.
CURRENTLY LISTED CONDOS
     There are 35 condominium units currently listed for sale.  This is down from 46 last year.  The units range in price from $31,500 for a one-bedroom condo-hotel to $259,000 for a two-bedroom garden unit in Geneva Landings.  The Geneva Landings units include a boat launch, club house and swimming pool.
BEST VALUE LAKE ACCESS
     The best value for a lake access home is located at 2712 Mason Street in the Delmar Subdivision.  This two-bedroom, one-bath home features a wood burning stove, large back yard and lake rights that include a boat launch and swimming pier.  The home is listed for $139,000.
2712 Mason Street in Delmar Subdivision
 
BEST VALUE LAKEFRONT
     The best value for a lakefront home is located at 4146 Blue Gill Road.  This three-bedroom, three-bath waterfront has 50 feet of private frontage, a spacious deck, oversized pier and two living room spaces that look out on the water.   Listed for only $489,000, this home also has a two car garage for boat and toy storage.
4146 Blue Gill Road on Delavan's South Shore
 
BEST VALUE CONDO
     Buyers looking for a deal on condominiums have their choice of three different one-bedroom units in the Geneva Landings complex.  Listed from $174,900 to $184,000 these one-bedroom, one-bath units have direct lake views, an open concept, low monthly fees and include a swimming pool and club house.
Geneva Landings Condo View
Geneva Landings Condo Interior
 

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