First Half Delavan Lake Sales Frustrate Buyers

Real estate sales around Delavan Lake continue to prove challenging. Buyers are frustrated as properties for sale are hard to find and those available are selling quickly. 

During the first half of the year, there were eight lakefront sales compared to five in 2020. For lake access homes, we saw 25 sales in 2021 and 20 sales in 2020. Condo sales were exceptionally strong with 17 sales so far this year. Last year, there were only five condo sales in the first six months. 

Prices for lakefront homes ranged from $300,000 for channel frontage to $1,150,000 for a remodeled four bedroom on South Shore. Lake access properties traded as low as $70,000 for a three bedroom needing much repair in the Delavan Highlands and peaked at $630,000 for a well-maintained four bedroom 3,500 square foot home that came with a deeded boat slip. 
Lake views from East Drive Channel Front home


Condo sales started at $25,000 for a condo/hotel room in Lake Lawn Resort and topped out at $330,000 for a penthouse unit in the Delavan Club complex. 

For those searching for a Delavan lakefront property, there are five options. They range from a $494,000, five bedroom teardown on South Shore to a four bedroom new construction for $1,400,000. There are only 25 lakefront or lake access homes available compared to 28 last year and 41 in 2019. Lake access homes begin at $130,000 for a three bedroom in the Delavan Highlands and top out at $1,099,000 for a two bedroom located in Assembly Park off of North Shore. 

There are still 13 lake access condos for sale compared to 22 at this time last year. Most of the units are condo/hotel rooms with only two units available as full time residences. 

The best value lakefront home is located at 4134 Bennett Street on the south side of Delavan Lake. This property has two homes on it, 104 feet of frontage and a large garage, all for $875,000. The best value lake access property is at 4307 West Drive. 
4307 West Drive, Delavan Lake, WI
Click here for a tour of this home


As part of South Shore Manor, this three bedroom enjoys a lakefront park, boat launch and beach and is listed for only $249,000. The best value lake condo is at 2145 Landings Lane. It is available for $275,000, has two bedrooms, an open floor plan and a detached one car garage.

Comments

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September 14, 2021 at 3:20 AM
Dracie Bradley said…
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October 3, 2021 at 11:22 PM
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December 20, 2021 at 9:45 PM
WELLNESS LIVING said…
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October 25, 2022 at 11:13 PM
South Shore Sotheby's International Realty said…
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October 27, 2022 at 1:24 AM
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