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Showing posts from July, 2013

Value Listings Fill Void on Delavan Lake

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     With the sweet spot of activity in the $600,000 to $800,000 range, the listings on Delavan Lake recently dried up as all the offerings were snatched up by value conscious lake buyers.      The drought was ended with the addition of three properties, all in the $600,000 range coming to the market.  All have less than 50 feet of frontage and all have their pros and cons.      First is a repeat listing at 2504 North Shore Drive.  This three bedroom, four bath home, was originally put on the market in 2010 for $899,000 and has now been relisted for $699,900.  The property sits on a tight 43 feet of frontage with close neighbors and no front yard.  It is in excellent condition, however, and has been completely rebuilt on the site of one of the oldest homes on Delavan Lake. 2504 North Shore Drive      Next is the value listing at 1907 South Shore Drive.  Offering stellar views of the entire lake and a large front level lawn for outdoor enjoyment, this three bedroom home has 49 fe

Delavan Lake Real Estate 1st Half Summary - 2013

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Sales of Delavan lakefront properties are up slightly for the first half of the year while inventory continues to fall.   The drop in inventory has created quick bids on both lakefronts and lake access homes with some recent listings getting accepted offers within a week. HOME SALES For the first six months, there were seven lakefront properties sold and 15 lake access properties sold.   Last year at this time, there were six lakefronts sold and 15 lake access properties sold (the same as this year).   The lake access properties this year ranged from a $53,000 two-bedroom foreclosure in the Delmar subdivision to a spacious $250,000 three-bedroom ranch with a finished basement and boat slip in Lakewood Estates.   The lakefronts ranged from a $267,000 three-bedroom on 90’ of Delavan Inlet waterfront to a $915,000 five-bedroom, four-bath South Shore property with 49’ of lakefront. Inlet Shore three-bedroom sold for $267,000 CONDO SALES Delavan Lake condominium sales ar