Mixed Results for First Nine Months on Delavan Lake

     The Delavan Lake real estate market was mixed for the first nine months of the year.  Lake front sales were at decade low levels, while lake access properties were up over 35 percent from the prior year.

HOME SALES
     For the first nine months of 2016, sales with water frontage on Delavan Lake fell to only seven sales compared to 12 sales by the same time last year.  Lake access properties fared better with 43 sales in 2016 compared to only 31 sales in 2015.  The range of lake access homes started at $49,000 for a run-down two-bedroom cottage off of Fleming Drive on the North Shore to a nine-year-old, six-bedroom, six-bath, two-story with extended views off of Willow Point that sold for $699,000.  The lakefront homes started with a walk-out three-bedroom ranch on the Delavan Outlet that sold for $469,000 and went as high as $1,010,000 for a four-bedroom with 100’ of South Shore frontage.
The sale at 1615 South Shore Drive was the only sale over $1 million this year.
CONDO SALES
     There were 15 Delavan Lake condos sold in the first three quarters which is two more than were sold in 2015 by this time.  Sales ranged from a $67,500 two-bedroom, two-bath condo/hotel room in the Delavan Lake Resort to $276,000 for a three-bedroom, remodeled Garden unit in Geneva Landings.
 
The unit at 2160 Landings Lane sold for the highest price for condos with lake access.
CURRENT MARKET HOMES
     The inventory for lakefront and lake access homes continues to decrease in 2016, with only 47 homes currently on the market.  This compares to 66 in 2015 and 73 in 2014.  Prices for lake access homes start at $62,900 for a two bedroom tear-down off of Dutch Mill Road that has views of the water and graduate to a four-bedroom on Glen Eyrie with a shared pier and private boat slip that is listed for $349,900.
     Lakefront offerings start at $349,000 for a three bedroom located at the mouth of Browns Channel and increase up to $2,950,000 for a 10,000 square foot prairie-style mansion on South Shore Drive that has 3.71 acres and 200 feet of shoreline.
The starting point for homes with access to the main body can be found at 2309 Lakeshore.
CURRENT MARKET CONDOS
     There are 20 condos for sale with lake access to Delavan.  This is the same number that was available this time last year.  The price range for these units starts at $49,000 for a one-bedroom condo/hotel in the Delavan Lake Resort and increases to $329,900 for a three-bedroom, three-bath unit that includes a boat slip in Delavan Gardens on the North Shore.

BEST VALUE LAKE ACCESS
     The best value for a lake access property on Delavan is located at 1635 Assembly Lane.  This two-bedroom cottage, at the entrance of Assembly Park, has old world charm with a large front porch and knotty pine interior.  Listed for $139,000, the home comes with association privileges that include a boat ramp, beach, playground, shuffle board court and waiting list for a boat slip.

BEST VALUE LAKEFRONT
     The best value for a Delavan lakefront is located at 4423 Robbins Road on the South Shore of the lake.  Listed for $699,000 the three-bedroom, three-bath home has a Florida-style design with open concept living looking out at the water, an expansive deck, walk out lower level and remodeled master suite with private screen porch. 
The best value on the lake is this remodeled walk out at 4423 Robbins Road.
BEST VALUE CONDO

     The best value for a Delavan Lake condo is a three-bedroom three-bath unit in Delavan Gardens.  Located at 1615 Westbank Circle, the home includes a boat slip, boat launch, attached two-car garage, and sand area by the water.  It is listed for $299,900 which is $30,000 less than a similar unit that is for sale in the complex.

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