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Showing posts from July, 2015

Delavan Lake 2015 First Half Update

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     The real estate market around Delavan Lake showed signs of strength in the first half of 2015 as the overall economy improved and interest rates remained low. Home Sales      Over the first half of the year, there were seven lakefront properties sold and 20 lake access properties sold.  This compares to four lakefronts sold by this time in 2014 and 20 lake access properties sold.  The range of homes on the water spanned from a $210,000, four bedroom, two bath bungalow located on Browns Channel to an elegant six bedroom, eight bath Victorian on the North Shore that changed hands for $1.35 million. Condo Sales      Lake access condo sales are down slightly with eight units sold in the first half of 2015 compared to nine that sold by this time last year.  Prices ranged from a $43,000 two bedroom condo/hotel unit to a $214,700 two bedroom, two bath lakefront unit in Geneva Landings. Recent two bedroom sale in Geneva Landings for $214,700. Current Market Homes      Inventory

Prices Continue to Push Higher on Delavan Lake

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     With the sale of two new lakefront homes on Delavan Lake this month, prices are showing upward pressure not seen since 2007.  That is not to say that prices have returned to the market highs, just that we are seeing solid support for quality homes on the water.      The last two sales include a stunning five-bedroom East Coast-style water front property with sweeping views of the entire lake and architectural input that can be felt from nearly every room.  This home was designed for the lake with multiple entertaining spaces that look out on the water and flow from one to the next.  The main level greets guests with an open great room, formal dining area, gourmet kitchen and living room all looking towards Delavan Lake.  Views from the front sun room at 2611 South Shore Drive, Delavan Lake      Each bedroom is a separate suite with a private bath.  The master suite includes two separate walk in closets, two lakefront balconies, garden tub, walk-in shower and cathedral ceili