December 01, 2008

Delavan Lakefront Market

Posted to Delavan

This has been a challenging year for the Delavan Lakefront market. We currently have 41 lakefront listings for sale ranging from $299,000 in the Delavan Inlet to a $3,500,000 estate on South Shore Drive.

On the main body itself, there are 29 homes available starting at $475,000 for a three bedroom cottage just off of South Shore Drive. The other 12 homes are located on either the Inlet or the Outlet.

In all, there have been 11 Delavan Lakefront homes that have sold so far this year. The sold homes have ranged from $164,000 for a foreclosure on the Delavan Inlet to $2,180,000 for a newly constructed five bedroom showpiece on South Shore Drive.

There have been only five sales on the main body of Delavan Lake. Those sales ranged from $299,000 on Manor Lane to the $2,180,000 new construction mentioned earlier.

We have seen substantial price reductions over the last two months on some of the homes located on Delavan Lake. This is a great time to buy and some of the owners are getting fairly motivated.

An example of one excellent purchase is MLS 1048409. Located at 4320 East Drive, this newly constructed three-bedroom lake home is situated on 60 feet of channel frontage, comes fully furnished and has a lakeside park and swim pier included in the package. At $524,000 it represents a great get-a-way value where you can drop of the car keys, pick up the boat keys and start enjoying the lake life.

Posted By: Ryan Simons

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