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Showing posts from January, 2017

It's All About the Water

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     What makes one four-bedroom lakefront home worth more than another four-bedroom lakefront home?  If they are relatively the same age and about the same size?      For Delavan Lake homes, it is all about the water.      The premium priced homes on Delavan Lake have three important features.  First, they are on the main body.  The main body is the large part of the lake in contrast to the Inlet, Outlet or a channel. Second, the properties are located in the middle of either North Shore or South Shore.  The middle part of the main body is where the best water is located.  What do we mean by the best water?  This is where the lake bottom is made up of sand and rock.  With a sand or rock bottom, the water clarity is better, there is less vegetation and deeper water for boating and water sports. A lake bottom of rock and sand creates the best boating and swimming experience      The third characteristic of the higher priced lots is that they will have level frontage.  The m

Prices higher. Inventory lower on Delavan Lake, WI

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     The results are in for Delavan Lake, WI home sales in 2016.  The overall summary is that prices were up and the number of homes for sale is down.  The tight inventory is continuing to put pressure on prices as multiple offers on the same properties have put some houses in a bidding war. LAKEFRONT HOME SALES      More specifically, for all of 2016, there were 10 homes sold with water frontage compared to 17 in 2015.  On the main body of Delavan Lake, there were only 8 homes sold in 2016 compared to 13 the previous year.  This is the fewest number sold in the past five years and is mainly due to the number available for people to choose from.      As a result of the limited supply, the prices increased over the prior year on both ends of the spectrum.  The lowest price for a home on the main body of Delavan Lake in 2016 was $460,000 for a three bedroom two-story set on 50 feet of South Shore frontage.  The modest property is scheduled to undergo immediate remodeling by the new o