Delavan Lake Sales Fall As Prices Rise
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