May 26, 2009

Sales Jump Start the Delavan Lake Market

Posted to Delavan, Ryan Simons

Two homes, with sales prices of over a million dollars, have given new life to the Delavan lakefront market. Coming on consecutive Fridays, the first listing closed on May 15 at $1,295,000 and the second on May 22 for $2,420,000.

The first sale, a newly constructed five-bedroom, with towering windows, wood floors and Italian influences closed at 90% of its original asking price. The nearly one-acre lot featured two separate garage structures, a walk-out lower level and a gourmet kitchen.

The second sale, situated on over five acres of private lakefront and 266 feet of shoreline, closed at only 70 percent of its initial asking price of $3,500,000. Compare the $2,420,000 sale price to the $2,180,000 a newly constructed five-bedroom sold for last year on only 75 feet of frontage. The comparison exemplifies the significant reductions such homes are facing in a slower economy.

The sales leave 21 lakefronts available on Delavan Lake listed at $1,000,000 or more. Many of these still need major price adjustments to the downside before they are properly priced for today’s market.

Posted by:Ryan Simons



May 21, 2009

Entry point drops for Williams Bay

Posted to Geneva Lake Area , Ryan Simons

The starting point for a vacation cottage in Williams Bay fell to a point that makes it affordable for just about anyone.

Just a short walk from a beautiful beach on Lake Geneva and night life in the fashionable Williams Bay lakefront district, this two-bedroom cottage is ready to move in and enjoy.

With newly installed laminate floors, kitchen cabinets and lighting, the cottage features a large back deck for sunning and entertaining. All this for $109,900 which is $20,000 less than anything else in the Bay.

Posted by:Ryan Simons



May 21, 2009

Time to Buy on Delavan Lake

Posted to Delavan, Geneva Lake Area , Ryan Simons

Now really is the time to buy on and around Delavan Lake.

Here are four properties that have just been reduced in price.

  1. 4325 East Drive – Now $159,900 this cute two bedroom, with swim pier and boat launch is ready to enjoy and comes furnished.
  2. 2512 North Shore Drive – Now only $399,500 a three bedroom house on the main part of the lake with a private pier and two-car garage. You cannot beat this price!
  3. 2310 Lake Shore Drive– Now $449,000 this three bedroom lakefront with spectacular views is situated just feet from the water. You will never be able to build this close to the lake again.
  4. 7394 Lake Island Drive on Whitewater Lake – Now $675,000 for a four bedroom, two bath furnished home with pier, two car garage and swimming pool.

Properties are selling as well in the Delavan Lake area. Four lakefronts have either sold or are under contract this year.

Posted by:Ryan Simons