Friday, July 20, 2018

First Half Delavan Lake Sales Start Slow

     Delavan Lake sales have been limited in 2018 due to a tight supply of homes on the market.  Buyers have been frustrated by lack of inventory and a shortage of homes that have been updated and ready to move in and enjoy.
     For the first six months of the year, there have been 17 sales of lakefront and lake access properties on Delavan compared to 22 in 2017 and 27 in 2016.  Sales ranged from $65,000 for a one bedroom in the Delavan Highlands to $990,000 for a four bedroom lakefront on the North Shore.
     Condominium sales are up slightly with 10 sales in 2018 compared to eight in 2017 and 10 in 2016.  Prices of units sold ranged from $40,000 for a condo/hotel room in The Delavan Lake Resort to $237,000 for a two-bedroom in the Geneva Landings complex.
     Currently there are only 49 lakefront and lake access homes available to purchase around Delavan Lake.  This compares to 62 in 2017 and 72 in 2016.  Prices of lake access homes start at $74,500 for a one-bedroom cottage in the Delmar Subdivision and increase to $675,000 for a five-bedroom, 3,000 square foot newer construction in the Belrock Association on the South Shore.  Lakefront homes start at $339,900 for a four-bedroom ranch on the Delavan Inlet and top out at $2,085,000 for a five-bedroom, newer construction on the North Shore with 83 feet of frontage.
Highest priced home currently available on Delavan Lake.  $2,085,000.

     There are only 18 lake access condos on the market compared to 23 last year.  List prices range from $55,900 for a condo/hotel room and top out at $375,000 for a three-bedroom unit in Delavan Gardens on the North Shore.
     The best value for a lake access property is located at 4312 Silverwood Drive.  Nestled in Viewcrest Estates on the west end of the lake, this three-bedroom ranch is in excellent condition, has a boat slip, deck with hot tub and a four season room off the kitchen for extra entertaining space.  It is priced at $289,900 and enjoys association lake rights that include a beach, boat launch and swim pier.
     The best value for a lake access condo is 2141 Jefferson Lane in the Geneva Landings complex.  This four-bedroom unit has a number of upgrades including granite counters and new cabinetry in the kitchen, a walk out lower level and spacious master suite.  The unit is listed for $199,000.
Best value condo located at 2141 Jefferson Lane, Delavan Lake
Click here to take a tour.

     The best value lakefront is located at 4302 Gil Court.  Priced at only $415,000, this three-bedroom lakefront has 25 feet of private frontage on the South Shore, a spacious front deck and a detached 2.5 car garage.  Rarely do we see a lakefront with so much to offer for less than $500,000.
Best Bargain on Delavan Lake, WI is located at 4302 Gil Court.
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Lakefront pier and boat slip on Delavan Lake for 4302 Gil Court.

Wednesday, July 11, 2018

New Price Reductions on Delavan Lakefronts

     Two new reductions in Delavan Lakefronts have made the lake life even more affordable.
     Both are located on the north shore of Delavan Lake with great swimming frontage and expansive views of the water.
     The first is located at 2508 North Shore Drive.  This two bedroom lakefront features two large decks to drink in the sunshine and a back patio when you feel like a little shade.  Reduced to $525,000, this remains one of the best values on the lake.
Back patio space of 2508 North Shore Drive, Delavan Lake, WI
Private pier and boat slip of 2508 North Shore Drive, Delavan Lake, WI
View from your master bedroom balcony.
Click Here to Tour the rest of the house
     If you are seeking more privacy, how about two acres of wooded spender on the water?  Located at 2920 North Shore Drive, this four bedroom private get away includes a second lower level kitchen, theater room, sun room and five-car boat garage for toy collections.  The price has been lowered to $1,175,000 and is ready for the next family to enjoy and build memories.
2920 North Shore Drive, Delavan Lake has nearly two acres of wooded privacy.
Lake views from nearly every room at 2920 North Shore Drive, Delavan Lake, WI
Enjoy your own private lakefront pier at 2920 North Shore Drive, Delavan Lake, WI.
Click Here to tour the rest of the property.