Firm Delavan Lake Home Third Quarter Activity


     There was little change year over year in sales activity on Delavan Lake for the first nine months of the year.  Inventory has held relatively constant and sellers are staying firm on prices.

HOME SALES
     Over the first nine months of 2015, there were 12 lakefront properties sold and 31 lake access properties sold.  Last year there were 13 lakefronts sold and 31 lake access properties sold by the end of September.  The lake access properties that sold this year ranged from a $50,000 two-bedroom cottage in the Delmar Subdivision to a $425,000 five-bedroom, three-bath in Assembly Park featuring a large front porch and lot.  The highest and lowest sales were in the same subdivisions last year. Lakefronts sales ranged from $242,500  for a three-bedroom home on the Inlet to a $1,599,000 four-bedroom, three-bath North Shore estate that included 150 feet of level frontage and a boathouse with a rooftop patio.
Recently sold Delavan Lakefront for $1,599,000

CONDO SALES
     There have been 13 Delavan Lake condo sales so far this year compared to 15 last year.  Sales ranged from a $40,000 condo/hotel unit in the Lake Lawn Resort to a $220,000 three-bedroom, three-bath, unit in Delavan Club. 

CURRENT MARKET HOMES
     There are 66 single family homes on the market with lakefront or lake access on Delavan Lake.  This is down from last year’s number of 73 homes for sale and 89 in 2013.  List prices of lake access properties start at $63,500 for a two-bedroom rental on Fleming Drive and increase to $329,000 for a four-bedroom, three-bath, vacation home in the Delavan Highlands.  Lakefront homes on the main body of the lake start at $299,000 for a one-bedroom cottage off of Brown’s Channel Point and increase to $2,950,000 for a five-bedroom, estate on 200 feet of South Shore frontage.
 
Interior view of office in the estate at 3307 South Shore Drive, Delavan Lake
Click here for a virtual tour
CURRENT MARKET CONDOS
     There are currently 20 condominium units for sale, which is up from 17 last year.  The properties range from a $49,500 one-bedroom condo/hotel in Delavan Lake Resort to $295,000 for a three-bedroom, two-bath Garden unit in Geneva Landings. 

BEST VALUE CONDO
     The best value condo is located at 1525 Delavan Club Drive.  Listed at $227,500, this two-bedroom, three-bath unit is being sold furnished and includes lake views from all three levels and a private master bedroom balcony.  The complex comes with a pier, boat launch, swimming pool, tennis courts and club house. 
 
Best value for a Delavan Lake condo at 1525 Delavan Club Drive
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BEST VALUE LAKEFRONT     
     The best value for a Delavan lakefront is located at 1531 Cedar Point Drive.  This seven-bedroom, five-bath home is listed for only $799,000.  The home has 60 feet of private lakefront, spacious enclosed front porch, natural fireplace, walk out basement and over-sized garage. 
Best value for a Delavan Lakefront at 1531 Cedar Point Drive
Click here for a virtual tour

Comments

Unknown said…
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montana mountain real estate
November 7, 2015 at 8:54 PM
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