Delavan Lake Sales Fall in First Half of 2022

 

The first half of 2022 showed a drop in Delavan Lake real estate sales from the prior year due to a lack of inventory.

For the first six months of 2022, there was only one lakefront sale compared to eight in 2021.  For lake access properties, there were 19 homes sold in 2022 while there were 25 sold the prior year.

The only lakefront property to change hands was a five bedroom home on the South Shore that sold for $2,261,000.  The property had 95 feet of lake frontage and eight garage stalls.

The only sale for the first half of 2022 was located
on the South Shore of Delavan Lake

The sales of lake access properties ranged from $96,000 for a two-bedroom cottage in the Delmar Subdivision on the south side of the water to $580,000 for a large two-bedroom home in Assembly Park on the north side of the lake with expansive views and deck space.

For Delavan Lake condos, there were 20 units sold in the first half of 2022 compared to 17 units last year.  Prices ranged from $45,000 for a one-bedroom condo/hotel in the Lake Lawn Resort to $380,000 for a three bedroom in the Geneva Landings complex located on the Outlet of the lake.

Currently there are 15 lakefront or lake access properties on the market.  They range in price from $99,900 for a one-bedroom, that needs plenty of work, in the Delmar Subdivision, to $1,150,000 for a spacious four-bedroom brick Tudor with 100 feet of frontage on the Outlet of Delavan Lake.  In 2021, we had 25 homes available.

This spacious four-bedroom home has 100 feet of private
frontage on the Outlet of Delavan Lake. Priced at $1,150,000
the home is located at 2134 Blue Heron Drive.

Condos now range between $35,000 for a Lake Lawn condo/hotel unit to $395,000 for a three-bedroom Geneva Landings Garden unit that includes a number of updates and walks out directly to the water.  Overall, there are 17 units currently for sale compared to 13 available last year.