Delavan Lake Real Estate Update

     The Delavan Lake real estate market picked up over the first nine months of 2019 compared to the previous year, but sales were still held back by the lack of inventory in all areas.

LAKEFRONT SALES

     Lakefront home sales for the first nine months of 2019 totaled 13 units compared to only seven sales for that time period in 2018.  Prices this year started at $270,000 for a cute two-bedroom on the Delavan Lake Inlet and topped out at $1.4 million for a distressed six-bedroom North Shore property that included 453 feet of frontage and 8.7 acres.  The North Shore property was initially listed for $3.3 million.

Recently sold for $1.4 million, this Delavan Lakefront deteriorated over the years.

LAKE ACCESS SALES

     Homes with lake access on Delavan also saw increased activity with 2019 nine month totals coming in at 37 compared to 32 sales last year.  The homes ranged in price from $90,000 for a two-bedroom cottage in the Inlet Oaks Subdivision to $510,000 for a four-bedroom custom home in the Windtree Association located off of North Shore Drive.

CONDO SALES

     Sales of lake access condominiums also improved with sales through the first nine months coming in at 22 units compared to only 15 sold in 2018.  The prices for condos began at $46,000 for a condo/hotel room in the Lake Lawn Resort and topped out at $350,000 for a three-bedroom 2,200 square foot unit in Delavan Gardens.  Delavan Gardens is located on the North Shore, near the Delavan Lake Yacht Club and includes a boat slip and private boat launch for owners in the complex.


WHAT IS LEFT FOR SALE?

     Currently, there are only 16 lakefront properties available on Delavan Lake.  The homes begin at $299,900 for a “tear-down” at the end of Bennett Street off of South Shore and graduate to $1,885,000 for a seven-year-old, 7,104 square foot home at the end of Borg Road.  Last year, there were 15 lakefront options available.

     If you are seeking a lake access property, there are 27 currently available, which is down from 31 at this time last year.  The lake access homes range from $90,000 for a two-bedroom cottage in the Inlet Oaks to $469,900 for a remodeled four-bedroom in the Windtree Association.

     There are only 11 lake access condos available at this time.  This is less than the 15 we saw last year at the start of October and 18 the year before.

BEST VALUES

     The best value lakefront home is now located at 3010 North Shore Drive.  This four-bedroom, Prairie-style home includes a 100 foot lakefront park, boat shed and screen porch overlooking a wooded landscape.  The home is listed for $700,000.

3010 North Shore rests in a wooded setting.
Lakefront park and boat shed that is included with 3010 North Shore Drive.
Click here to tour this home.

     The best value for a lake access home in located at 2908 Jones Street in the Delmar Subdivision.  This two-bedroom cottage has a fenced back yard and detached two car garage.  The property is offered at $149,900.

     The best value for a Delavan Lake condo is located at 1402 Delavan Club Drive.  This unit looks over the water with a private balcony, has a soaring cathedral ceiling and a one-car garage.  The unit is available for $199,900.


1402 Delavan Club on Delavan Lake, WI

Comments

Post a Comment

Popular posts from this blog

Top Five Lakefronts On Delavan Lake, WI

Image
     As the season changes to fall, it is interesting to see what are the five most expensive homes listed for sale on Delavan Lake.  With over 2,000 acres of recreation space, Delavan Lake is an all-sport lake in Walworth County, WI that is less than two hours from Chicago, Milwaukee, and Madison, WI.      #1 - The most expensive listing currently available on Delavan Lake is located at 2938 North Shore Drive.  Listed at $3.3 million, the home sits on 410 feet of steep frontage and boasts one of the most elaborate wine cellars in North America. 2938 North Shore Drive, Delavan Lake View from the Master Suite at 2938 North Shore Drive      #2 - Coming in at number 2 is 3307 South Shore Drive.  Almost directly across the lake from the first home, this 10,000 square foot estate is listed for $2.95 million and includes six bedrooms, eight bathrooms and 200 feet of lakefront. 3307 South Shore Drive, Delavan Lake Looking at the lake from the main floor office at 3307 South S
Read more

Delavan Lake Sales Fall in First Half of 2022

Image
  The first half of 2022 showed a drop in Delavan Lake real estate sales from the prior year due to a lack of inventory. For the first six months of 2022, there was only one lakefront sale compared to eight in 2021.   For lake access properties, there were 19 homes sold in 2022 while there were 25 sold the prior year. The only lakefront property to change hands was a five bedroom home on the South Shore that sold for $2,261,000.   The property had 95 feet of lake frontage and eight garage stalls. The only sale for the first half of 2022 was located on the South Shore of Delavan Lake The sales of lake access properties ranged from $96,000 for a two-bedroom cottage in the Delmar Subdivision on the south side of the water to $580,000 for a large two-bedroom home in Assembly Park on the north side of the lake with expansive views and deck space. For Delavan Lake condos, there were 20 units sold in the first half of 2022 compared to 17 units last year.   Prices ranged from $45,000 for
Read more

Delavan Lake First Half 2023 Real Estate Update

Image
      Sales of Delavan Lake properties remained constrained for the first half of 2023.    The lack of inventory was the main culprit along with home owners reaching for excessively high valuations.      For the first half of the year, we saw three lakefronts sold compared to only one last year.    Interestingly enough, the value of the one sold last year exceeded the total sales price of the three sold this year.      Lake access sales were equal with 19 homes being sold this year and 19 being sold last year as well.    The price range for lake access homes sold this year started at $124,000 for a small cottage in the Delmar subdivision and increased to $460,000 for a three bedroom ranch in the Ravenswood subdivision at the west end of the lake.    The home in Ravenswood originally listed for $545,000.      Lake Access Condo sales slowed to 13 in 2023 compared to 20 in 2022.    Units ranged from $43,400 for a condo/hotel room in the Lake Lawn Resort to $410,000 for a two bedroom condo
Read more