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Showing posts from October, 2018

First Nine Months Slow For Delavan Lake Sales

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     Sales of lakefront properties have been extremely slow this year on Delavan Lake.   In the first nine months, there have been only seven waterfront properties sold compared to 21 that were sold in 2017.   Prices ranged from $520,000 for a three bedroom ranch on 60 feet of South Shore frontage to $990,000 for a four bedroom log home with 67 feet of frontage on the North Shore.      Lake access homes did better with 32 sold in 2018 compared to 33 in 2017.   The main drag on sales seems to be the lack of inventory.      Currently, there are only 15 homes with water frontage available on Delavan Lake when normally we would have around 25.   The starting price point for a house on the water is $319,000 for a four bedroom ranch on the Delavan Inlet.   Prices increase to $1,895,000 for six bedroom, 7,000 square foot newer construction on the North Shore.      The lake access homes are more abundant with 31 currently on the market.   Homes with water rights start at $94,900 for a