Strong 2019 Delavan Lake Real Estate Sales Deplete Inventory
The sales of Delavan Lake properties in 2019 has caused a shortage of homes available for the start of 2020. For 2019 there were 20 homes on Delavan Lake that sold compared to 15 in 2018 and 25 in 2017. Sales of lake access properties were also strong with 49 sales in 2019 compared to 45 in 2018 and 46 in 2017.
Sales of Delavan Lakefronts ranged from $247,500 for a tattered five bedroom cottage off of Bennett Street on the south shore to $1,586,304 for a custom new construction home just a short distance away.
Lake access properties that sold in 2019 ranged from $42,000 for a decaying four bedroom on Orchard Street in South Shore Manor to $510,000 for a four bedroom two-story in Windtree Acres on the north side of the lake. The Windtree property featured lake views from a wrap-around deck and a deep water boat slip.
The sales of lake access condominiums also soared last year with 28 units sold compared to 20 in 2018 and 21 in 2017. The units ranged from $47,000 for a one bedroom condo/hotel room in the Lake Lawn Resort to a gorgeous three bedroom unit with lake views in Delavan Gardens off of North Shore Drive.
1606 Westbank Circle on the North Shore of Delavan Lake, WI
The strong sales over the last year have left the inventory of homes in a very weak position. There are only five condominiums for sale compared to 10 at this time last year and 13 in 2018.
In regards to lakefront and lake access homes, there are only 18 currently on the market compared to 24 in 2019 and 33 in 2018. This limited supply has pushed up prices across the board with many home owners holding out for top dollars.
Best Value Lakefront
The best value for a Delavan Lakefront home is located at 2920 North Shore Drive. Set on nearly two acres of wooded lakefront, this four bedroom, three bath walk-out ranch delivers privacy and excellent lake views. The property is listed for $995,000 and includes both an attached two car garage and a detached four car garage.
2920 North Shore Drive, Delavan Lake, WI
Best Value Lake Access
The best value for a Delavan Lake access property is at 4601 Highland Drive. This newer four bedroom home has wood floors, a lake view and a boat slip in the Viewcrest Estates. The home is offered for a price of $339,900.
Best Value Condo
For the best value condo, there is only one choice. That is because there is only one unit listed for sale that is not part of a condo/hotel. The unit is located at 2236 Landings Lane in the Geneva Landings complex which is on the Delavan Outlet. The two bedroom unit, has been completely updated with two master suites a waterfront balcony and short waiting list for a boat slip. The unit is available for $259,900.
2236 Landings Lane is the Best Value Condo on Delavan Lake