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Showing posts from 2020

Delavan Lake Sales Fall As Prices Rise

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       What a crazy year it has been for Delavan Lake property sales.   The tight inventories and multiple offers have pushed up prices to near record levels and the remaining homes are extremely limited and often priced at a rich premium.      There have been 11 lakefront home sales through the first nine months of 2020.   This compares to 13 homes sold by this time last year.   Prices ranged from $299,000 for a two-bedroom on Browns Channel off of the South Shore to $3,700,000 for a 34 acre estate on over 1,000 feet of North Shore lakefront. This two-bedroom on Browns Channel sold for $299,000 in 2020.      Sales of lake access homes dropped to only 28 units this year compared to 37 last year.   The decrease was primarily due to lack of inventory.   Prices started at $78,500 for a three-bedroom cottage in the Delmar Subdivision and rose to $700,000 for an updated four-bedroom in the Viewcrest Subdivision at the west end of the lake.      Lake access condos sales this year have

Shrinking Inventory Drive Up Delavan Lake Prices

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     Sales of Delavan Lake properties slowed and prices rose during the first half of 2020 compared to last year due to a lack of inventory and increased demand.   Many buyers are frustrated that they cannot find suitable homes to purchase which is driving up the price of ones that are for sale.      For the first half of the year, there were five lakefront sales compared to seven last year.   Lake access homes showed 20 sales compared to 22 last year.   Lake condo sales fell to five for the first part of 2020 compared to 16 sales in 2019.      Sales for the lakefront properties ranged from $395,000 for a one bedroom cottage on the South Shore to $1,475,000 for a custom built five bedroom home on 120 feet of South Shore frontage.      The range for lake access homes was $99,000 for a two bedroom home in the Delmar subdivision that needed some repair work to an incredible $427,000 for a four bedroom Delmar home that sold for $150,000 over the assessed value.      Lake access con

Delavan Lake Real Estate Report

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     Real estate sales around Delavan Lake slowed for the first quarter of 2020.   For the first three months of the years, there were only nine sales of homes and condos with lake rights.   This compares to 15 sales in the first quarter of 2019.   Two of the sales this year were lakefronts.   One was a four bedroom, three bath walk-out ranch on 75 feet of frontage that sold for $900,400 and the other was a new construction on 120 feet of frontage that sold for $1,475,000.      The inventory of homes remains very tight if you want something that is on the lake or has access to it.   There are ten homes with water frontage available and 22 with lake access.   The availability of condos is even tighter with only nine units on the market.   Six of those are condo/hotel rooms and cannot be lived in full time.      For a lake access home, prices start at $105,000 for a small two bedroom home in the Inlet Oaks Subdivision and progress up to $385,000 for an A-Frame that includes a boat

Carefree Living in Geneva Landings

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     When you come up to Delavan Lake, what do you want to do?  Relax.  One of the best ways to do that is with a Condo in the Geneva Landings complex, located on the outlet of Delavan Lake.      With a unit in Geneva Landings, you have access to an outdoor pool, private club house, exercise room, piers, and a boat launch.  Best of all, there isn't any lawn mowing or snow shoveling.  Those terrible tasks are taken care of for you. Inviting pool at the Geneva Landings complex      Right now, there are two great units available in the complex.  The first is at 2205 Landings Lane.  This two bedroom, two bath unit is being sold as a turn-key vacation spot with furniture, dishes and electronics all included.  It is currently being offered for $249,000. 2205 Landings Lane on Delavan Lake. Click here to tour the property      The second unit is located at 2236 Landings Lane.  This condo has been completely remodeled and is most likely the nicest unit in the complex.  Wood floo

Strong 2019 Delavan Lake Real Estate Sales Deplete Inventory

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     The sales of Delavan Lake properties in 2019 has caused a shortage of homes available for the start of 2020.   For 2019 there were 20 homes on Delavan Lake that sold compared to 15 in 2018 and 25 in 2017.   Sales of lake access properties were also strong with 49 sales in 2019 compared to 45 in 2018 and 46 in 2017.        Sales of Delavan Lakefronts ranged from $247,500 for a tattered five bedroom cottage off of Bennett Street on the south shore to $1,586,304 for a custom new construction home just a short distance away.      Lake access properties that sold in 2019 ranged from $42,000 for a decaying four bedroom on Orchard Street in South Shore Manor to $510,000 for a four bedroom two-story in Windtree Acres on the north side of the lake.   The Windtree property featured lake views from a wrap-around deck and a deep water boat slip.      The sales of lake access condominiums also soared last year with 28 units sold compared to 20 in 2018 and 21 in 2017.   The units ranged