Wednesday, April 9, 2014

Delavan Lake Sales Drop Sharply in First Quarter

          The first quarter of 2014 was cold and brutal for the Delavan Lake Property market.  There were only four lake access properties sold and no lakefront properties sold during this period.  Last year, there were three lakefront properties sold and five lake access properties sold.  The range in sales were $53,000 for a foreclosure in the Delmar Subdivision to a $160,000 four-bedroom ranch in the Viewcrest Subdivision.

     The sales of lake condos were equally poor in the first quarter.  There were three transactions that took place.  All of the sales were condo-hotel units in the Delavan Lake Resort.  They sold for $17,000 each.  These units had sold for $140,000 in 2001.

     Currently, there are 67 lakefront or lake access homes available for sale around Delavan Lake.  This is down from 68 that were offered this time last year.  The home prices start at $59,900 for a three-bedroom cottage in the Delmar Subdivision to $1,499,000 for a five bedroom showpiece on Delavan’s North Shore.  The North Shore lakefront includes a two-bedroom apartment above a separate garage.
     There are only 16 lake access condos available for sale on Delavan Lake.  This compares with 35 that were available this time last year.  The prices range from $75,000 for a Lake Lawn condo hotel unit to $299,900 for a Delavan Gardens three-bedroom, three-bath unit that includes a boat slip on the North Shore.
     The best value for a lake access home is located at 1605 Jackson Park Drive.  This two-bedroom lake home is in excellent condition, sports a large back deck, and includes a deep water boat slip on the North Shore of Delavan Lake.  The home is listed for $174,000.
Jackson Park has one of the largest pier systems on Delavan Lake
1605 Jackson Park has a large back deck for summer enjoyment.
     The best value for a lakefront home is located at 4146 Glue 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.
Enjoy the views of the entire lake from the private deck on 4146 Blue Gill.
     The best value for a condo unit is located at 1435 Delavan Club Drive.  This two-bedroom unit, listed at $219,000, has been completely remodeled and walks out directly to the lake.  The complex includes a swimming pool, exercise facility, sauna, steam room, tennis, basketball, pier use, boat launch and a club house.
Remodeled throughout, you will have no concerns at 1435 Delavan Club
The relaxing pool awaits your arrival at the Delavan Club.

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