Lora Brumett REALTOR® | RE/MAX Ability Plus CLHMS Certified RE/MAX Ability Plus Billion Dollar Club
812.350.8874 LoraBrumett@yahoo.com www.SellWithTheStars.com RE/MAX Ability Plus 11191 W Grandview Dr. Columbus, IN 47201 812.350.8874
GRANDVIEW LAKE
2016
January 2018 Real Estate Market Report
@grandviewlakehomes Each Office Independently Owned and Operated.
Visit www.GrandviewLakeHomes.com Today!
FEATURED GRANDVIEW LAKE ACTIVE LISTINGS! ACTIVE
10881 W. Grandview Drive | 4 Beds | 3 Baths 4,056 Est. Sq. Ft. | List Price $1,195,000 Iconic captivating lake front cottage with lake views, ornate architecture, and a bright interior!
ACTIVE
ACTIVE WITH $25,000 DOCK ALLOWANCE
Photo courtesy of Grant Pruitt, Lot 206
PRESENTED BY LORA BRUMETT 11962 W. Glen Lane | 5 Beds | 4 Baths 4,592 Est. Sq. Ft. | List Price $749,900
11411 W. Grandview Drive | 5 Beds | 4 Baths 2,528 Est. Sq. Ft. | List Price $598,900
For more information on these fabulous homes, or to have your home professionally marketed in my Grandview Lake publication, call me today at 812.350.8874.
Your Grandview Lake Real Estate Specialist
GRANDVIEW LAKE MARKET REPORT
Lora Brumett REALTOR® | RE/MAX Ability Plus CLHMS Certified RE/MAX Ability Plus Billion Dollar Club
812.350.8874 LoraBrumett@yahoo.com www.SellWithTheStars.com
Grandview Lake Homes Currently Listed
Connect with me on 2016
Visit www.GrandviewLakeHomes.com Today!
2017 Year-End Review
Status
Address
Active*
11411 West Grandview Drive
Bedrooms
Total Baths
Estimated Square Feet
List Price
List Date
5
4
2,528
$598,900
03/09/17
Active
5461 South Poplar Drive
3
2
2,288
$599,000
08/14/17
Active*
11966 West Glen Lane
3
4
3,141
$629,000
05/03/17
Active
11861 West Grandview Drive
4
2
3,392
$629,900
08/21/17
Active
4871 South Poplar Drive
4
3
3,580
$649,000
12/12/17
Active
11881 West Grandview Drive
4
3
3,633
$675,000
08/02/14
Active
11957 West Locust Lane
4
3
2,880
$696,500
05/12/17
Active*
11962 West Glen Lane
5
4
4,592
$749,900
11/08/17
Active
5221 South Poplar Drive
5
4
4,192
$774,000
05/17/17
Active
11954 West Glen Lane
4
4
3,451
$781,000
02/24/17
Active
5181 South Poplar Drive
4
4
4,458
$1,278,000
08/28/17
From Your Grandview Lake Real Estate Specialist, Lora Brumett 2017 was a momentous year for Grandview Lake real estate with the approval of our siltation remediation project that will benefit our lake property values for years to come. However, our 2017 market performance wasn’t quite as historic. While year-over-year sales across the state have increased by 10%, the Grandview Lake market continues to be an outlier. Only eight homes closed in 2017, as compared to twenty-three homes in 2016, resulting in a $10M dive in annual sales. This drop-off is the result of a very sharp reduction in resale inventory. Buyer activity is strong, but they’re remaining very patient and vigilant in negotiations, often holding out for future opportunities. Buyers continue to prioritize
the lot over the house. The average number of days on market for the currently active listings is over one year. Conversely, new starts on the lake are up, with four homes breaking ground just in the last quarter of 2017 and more in the pipeline. National economic indicators, real estate trends, and lending conditions remain extremely strong. If inventory loosens, or if buyers become more impatient, 2018 could be a great year for Grandview Lake sales. If you’re thinking of selling, it’s a great time to stand out amongst the limited competition! I’d love to present you with a tailored marketing program and price analysis of your home. Have a wonderful year and see you on the water!
Address
Bedrooms
Total Baths
Estimated Square Feet
List Price
List Date
10371 Pond Drive
4
3
2,558
$537,900
02/20/17
Pending
11151 West Grandview Drive
3
2
2,160
$595,000
04/30/16
Grandview Lake Homes Sold in the 12 Months Status
Address
Bedrooms
Total Baths
Estimated Square Feet
List Price
List Date
Sold Price
Sold
10691 West Grandview Drive
5
6.0
4,436
$869,900
02/06/17
$783,000
Sold Date 11/01/17
Sold
5391 South Poplar Drive
4
4.0
4,572
$1,395,000
04/01/17
$1,190,000
07/19/17 07/18/17
Sold*
5521 South Poplar Drive
3
3.0
3,528
$819,000
05/04/17
$798,250
Sold
4201 South Poplar Drive
4
3.0
3,895
$739,000
04/15/17
$709,500
06/26/17
Sold
4170 South Summit Lane
3
3.0
3,400
$599,900
08/29/16
$568,900
05/26/17
Sold
3571 South Poplar Drive
3
3.0
1,807
$369,000
07/19/16
$355,000
05/12/17
Sold
3701 South Poplar Drive
5
3.5
3,814
$390,000
07/12/16
$360,000
02/14/17
Sold
4671 South Poplar Drive
4
3.5
3,972
N/A
N/A
$900,000
01/20/17
Status
Address
Acres
LF Frontage
List Price
List Date
Active
11954 West Glen Lane
0.6612
100
$199,000
04/25/16
Active
0 West Bellsville Pike
3.14
N/A
$29,900
07/11/17
Status
Address
Acres
LF Frontage
List Price
List Date
Sold Price
Sold Date
Sold
4161 Poplar Drive
0.47
89
N/A
N/A
$215,000
05/10/17
Sold
10661 West Grandview Drive
0.61
100
$369,900
02/27/17
$345,000
04/13/17
Sold
10741 West Grandview Drive
0.53
106
$335,000
10/01/14
$320,000
01/05/17
Grandview Lake Lots Sold in the 12 Months
A Lender You Can Trust
KIM THOMAS
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MORTGAGE SALES MANAGER
kthomas@lbtonline.com www.firstmerchants.com
Status Pending*
Grandview Lake Lake Lots Currently Listed
As your local agent who is immersed in the market both as a Grandview Lake resident and as a real estate specialist, you can trust that I can help you earn the most return from your investment! Call me today at 812.350.8874 for a FREE, no obligation home assessment!
765-423-3808 (office) 765-714-4014 (mobile)
Grandview Lake Homes Currently Pending
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Lora Brumett, RE/MAX Ability Plus, and The RE/MAX Collection are not in any way affiliated with Grandview Lot Owners Association, nor is this in any way an official advertisement or publication of Grandview Lake. ©2018 The RE/MAX Collection. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MIBOR and Bartholomew County eGIS as of January 10th, 2018. Data deemed accurate but not guaranteed. Listings and sales may not be those of RE/MAX Ability Plus or The RE/MAX Collection. The National Association of Realtors®, MIBOR, and Bartholomew County eGIS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E & OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Asterisk represents properties listed or sold by Lora Brumett.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.847.8631 | ©2018