Delavan Lake 2013 Real Estate Summary

Sales of Delavan Lake property in 2013 remained at a level similar to the previous two years with steady sales activity and declining inventories.

HOME SALES
     For the entire year, there were 19 waterfront properties sold, compared to 20 sales in both 2012 and 2011.  There were also 32 lake access homes sold in 2013 which was one more than last year. The range of lakefront sales was $267,000 for a three bedroom, one bath home with 90 feet of frontage on the Delavan Inlet to a $1.25 million estate with 100 feet of level South Shore frontage, four bedrooms, five baths, and an in-ground swimming pool.  The range of lake access homes sold in 2013 was $53,000 for a two bedroom, one bath, foreclosure in the Delmar subdivision, to $370,000 for a large, four bedroom, two bath, A-frame with direct lake views in the Viewcrest subdivision.

CONDO SALES
     There were 15 Delavan Lake condos sold in 2013 compared with 16 in 2012.  The range of sales was $20,000 for a Delavan Lake Resort condo/hotel room, to $240,000 for a three bedroom, three bath Delavan Gardens unit with direct lake views, attached garage and a boat slip.

CURRENT MARKET HOMES
     The inventory of homes for sale with Delavan Lake frontage or lake rights has dropped from 60 in January of 2012 to only 53 today.  The drop in inventory may signal that prices will begin to firm again this spring.  For a lakefront property, the range in price is $150,000 for a one bedroom on Browns Channel with 120 feet of frontage, to $1.6 million for a North Shore estate. 
The starting point for water frontage is this adorable one bedroom on Browns Channel.










View from the studio apartment at this North Shore Estate

     The North Shore estate includes five bedrooms and four baths in the main house, flowing gardens, a private water fall, 132 feet of frontage, eight heated garage spaces and a studio apartment featuring its own deck and direct lake views. 
     Lake access properties start at $64,900 for a three bedroom, one bath cottage in the Delmar Subdivision, to $375,000 for a four bedroom two-story in the Viewcrest subdivision.

CURRENT MARKET CONDOS
     The number of condos with lake rights that are currently for sale has dropped to only 17 this year compared to 37 last year.  Units currently available range from a $24,500 one bedroom unit in Delavan Lake Resort, to $299,900 for a three bedroom, three bath Delavan Gardens unit that includes an attached garage and boat slip.

BEST VALUE LAKE ACCESS
     The best value for a lake access property on Delavan is a well-maintained, two bedroom, one bath home located on Jackson Park Drive.  This home has a large deck, detached 2-car garage and comes with a boat slip on the main body.  It is listed for $174,000.
With the least expansive boat slip on Delavan, this Jackson Park home has affordable appeal.
BEST VALUE LAKEFRONT
     The best value for a Delavan lakefront is a three bedroom, three bath South Shore home resting on 50 feet of private frontage.  Located at 4146 Blue Gill Road, this home features a wrap-around deck, a detached 2.5 car garage and views of the entire lake.
This home on Blue Gill offers a first floor master, open concept second level and expansive views.

BEST VALUE CONDO
     The best value for a lakefront condo is a two-bedroom, two-bath unit in Delavan Club.  Listed for $209,000, the unit has a main floor bedroom, second floor suite and lofted views of the Delavan Outlet.  The complex contains an outdoor pool, club house, boat slips, and a fitness room.
The club house at the Delavan Club offers a large pool and spacious work out facility.

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