First Half Delavan Lake Sales Start Slow
Delavan Lake sales have been limited in 2018 due to a tight supply of homes on the market. Buyers have been frustrated by lack of inventory and a shortage of homes that have been updated and ready to move in and enjoy. For the first six months of the year, there have been 17 sales of lakefront and lake access properties on Delavan compared to 22 in 2017 and 27 in 2016. Sales ranged from $65,000 for a one bedroom in the Delavan Highlands to $990,000 for a four bedroom lakefront on the North Shore. Condominium sales are up slightly with 10 sales in 2018 compared to eight in 2017 and 10 in 2016. Prices of units sold ranged from $40,000 for a condo/hotel room in The Delavan Lake Resort to $237,000 for a two-bedroom in the Geneva Landings complex. Currently there are only 49 lakefront and lake access homes available to purchase around Delavan Lake. This compares to 62 in 2017 and 72 in 2016. Prices of lake access homes start at $74,500 for a one-bedroom