2020 Delavan Lake Real Estate Wrap Up

 

     What a unique year 2020 was for Delavan Lake property sales!  The drastic reduction in homes available pushed prices close to record highs and most of the real estate that was available saw multiple bids when it came on the market.

     In 2020 we had 17 sales of lakefront homes compared to 20 in 2019 and 15 in 2018.  There were 52 homes with lake access purchased compared to 49 and 45 the prior two years.

     Prices for lakefront homes ranged from $299,000 for a remodeled two-bedroom on Browns Channel to $3,700,000 for a North Shore lakefront estate with over 1,000 feet of water frontage.

The least expensive sale with direct lake access was this two-bedroom home
on Browns Channel that leads directly into Delavan Lake


     Lake access homes ranged from $78,500 for a tear-down in the Delmar Subdivision off of South Shore (the floor of this home was not even connected to the wall!), to $700,000 for a four-bedroom two-story with lake views in the Viewcrest Association. (This home had an assessed value of only $347,000).

The most expensive sale in 2020 was the Villa Clare Estate on 
the North Shore of Delavan Lake.  The property has 1058 feet of lakefront.

     Condominiums with lake access were also in hot demand for 2020.  There were 24 units sold compared to 28 in 2019 and 20 in 2018.  There would be higher numbers, but we ran out of inventory.  The sale price of condos started at $39,900 for a double queen loft in the Lake Lawn Resort and increased to $420,000 for a three-bedroom, three-bath unit in Delavan Gardens on the North Shore that had sold for $110,000 less in 2018.

     The stock of homes is completely depleted with only 11 lakefront and lake access homes available compared to 18 last year and 24 the year prior.  There are only two homes for sale on the main body of Delavan Lake. One is priced at $1,275,000 and the other at $1,400,000. All of the 12 lake access condos on the market are condo/hotel units.  There are not any standard condos available with access to Delavan Lake.

The starting point for a lakefront home is this two-bedroom on
Browns Channel.  It is on the South side of Delavan Lake.

     Usually, I list the best values currently on the market.  However, three of the four lakefronts are under contract, and there are no condos available.  If you are considering selling… now is the time.

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