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Showing posts from January, 2019

Delavan Lakefront Real Estate Summary for 2018

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     Sales of Delavan Lake homes took a pause in 2018 as frustrated buyers could not find properties available for sale. The low level of inventory pushed prices of poorly maintained properties above the fair market value while more informed buyers hung on to their investment dollars.      For the total year, there were 15 lakefront homes that changed ownership on Delavan Lake.   This compares to 25 in 2017 and 10 in 2016.   Prices of homes on the main body that sold in 2018 ranged from $520,000 for a small south shore cottage on 60 feet of frontage to $1.85 million for a spectacular 6585 sq. ft. two story on level north shore frontage. North Shore Delavan lakefront sale in 2018 for $1,850,000.      Lake access homes were fairly steady with 45 sales in 2018 compared to 46 in 2017 and 52 in 2016.   Low inventory levels again played a factor as there were more buyers than sellers.   Prices of homes sold with lake access ranged from a three car garage in the Delmar Subdivision