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Delavan Lake Real Estate Summary for 2021

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It was a crazy 2021 for Delavan Lake real estate.  Low inventory, limited sales, higher prices and Keefe Real Estate, once the leading agency in the area, sold out to a New York company. As a result, we have started Simons Realty Group to continue to provide you with a strong local presence in the Delavan Lake real estate market.   We will be located at 320 Hwy 50, Delavan Lake. Lakefront home sales for 2021 totaled 17 units which was the same as 2020, but down from 20 units in 2019.  There were 33 lake access homes sold in 2021 compared to 52 in 2020 and 49 in 2019. Prices for lakefront homes ranged from $300,000 for an efficient two-bedroom on Brown’s Channel to $2,276,059 for a brand new six bedroom, eight bath home resting on 119 feet of South Shore frontage. 4424 East Drive was the least expensive waterfront sale for 2021. The most expensive sale for 2021 was at 4421 South Shore Drive. Lake access homes ranged from $88,000 for a remodel project in Jackson Park off of the North

New Delavan Lake Real Estate Firm Formed

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  In 2008 I joined a family real estate business that had three generations of ownership. During the years there, I was fortunate enough to sell more properties than any other agent in the company. They have now sold out to a huge New York company so I have started a new real estate chapter. With my father being in the business, and now my oldest son, we are willing to fill the gap of a locally owned, family real estate business for Walworth County, WI. We look forward to continuing to assist the families and businesses of Walworth County and Delavan, WI with their real estate needs!

First Half Delavan Lake Sales Frustrate Buyers

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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 penthous

Delavan Lake Real Estate Q1 Update

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       The Delavan Lake real estate market has remained remarkably tight over the first quarter of 2021 with prices continuing to move up and the number of homes sold at low levels due to the lack of inventory.   Many are seeking lake properties, but few are to be found.      For the first quarter there were 12 homes and condos sold with lakefront or lake access.   This compares to nine in 2010 and 15 in 2019.   Of the sales, two were on the main body of Delavan Lake.   One on the North Shore for $920,000 that needed extensive updating, and one on the South Shore for $1,150,000 that was remodeled and ready to use for the summer.   The North Shore home was a four bedroom on 60 feet of frontage while the South Shore property was also a four bedroom on 63 feet of frontage.      For those seeking a Delavan Lake property, the options are very limited.   There is one home currently listed on the main body of the lake.   It is a new construction listed for $1.4 million and it is already u

2020 Delavan Lake Real Estate Wrap Up

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       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. (Th

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