March 17, 2010
Delavan Lake Market Bounces Back
The start to the year for Delavan Lakefront Properties is robust. Already we have three closed sales and at least two others under contract. These five sales compare to 11 for the entire year of 2009.
The most recent sale, at 2010 Lakeview, on 60 feet of lakefront sold for $1,075,950. This is 97% of the assessed fair market value, which may indicate that assessed values are a good indicator of true value on Delavan Lake.
Since Delavan Lake had a complete reassessment last year, by what I believe to be a very competent company, the current assessed values have proven to be very accurate for 2010.
Posted by:
Ryan Simons
Tagged With:
assessed value,
delevan lake,
fair market value,
market reassessment
and market update
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