Lora Brumett - Grandview Lake - Jan 2018

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

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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

NMLS UI #564852

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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