2022 Delavan Lake Real Estate Summary

 

Delavan Lakefront sales struggled in 2022 while lake access homes and lake access condos showed strong results compared to the prior two years.

There were only eight lakefront sales on Delavan Lake compared to 17 in 2021 and 2020.  The lack of sales was due to limited inventory as prices shot to record levels.

Lakefront sales ranged from $575,000 for a two-bedroom, two-bath home on the Inlet and progressed to $3,125,000 for a six-bedroom, seven-bath home on 111 feet of prime South Shore frontage.

This Delavan Inlet home sold for $575,000 in 2022.

The most expensive sale in 2022 was for $3,125,000

Lake access homes started at $95,000 for a fixer-upper in the Delmar Subdivision and topped out at $618,000 for a three-bedroom ranch with an in-ground pool and boat slip.

Lake condo sales were sharply higher with 41 sales compared to 20 in 2021 and 24 in 2020.  Most of the activity was due to Condo/hotel liquidations (22 units) that ranged from  $25,000 to $150,000. Condos that can be lived in ranged from $200,000 for a one-bedroom in the Delavan Club to $420,000 for a three-bedroom Garden unit in the Geneva Landings complex.

One-bedroom Delavan Club unit sold for $200,000 in 2022

Currently there is only one lakefront home available for sale and five lake access homes.  This is the same number that was available at this time last year.  Prices range from $259,000 for a two-bedroom in South Shore Manor to $775,000 for a three-bedroom ranch on the Delavan Inlet.

For condos, there are nine units available for sale with four of them being condo/hotel rooms.  Prices start at $49,000 and move up to $409,500 for a three-bedroom 2-story unit in Geneva Landings.

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