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What a year it was in real estate! With interest rates at an all time low, special loan programs developed to help buyers with credit challenges and plentiful inventory - it looks like there was something for everyone out there last year.
According to the Northern Ky. Multiple Listing Service, sales statistics show that during 2012 there were 174 single family homes sold in Grant County. That’s up from 2011 totals, which showed 159 single family homes sold.
The highest purchase price on a home sold in Grant County during 2012 was $355,000. That got you a fabulous three bedroom, three bath lake home on a not-quite-an-acre lot. This property included a two-slip electric boat lift with a bonus jet ski lift and a sweet cabana house with a full bar. Ah, the good life. Last year $410,000 got you a gorgeous two-story, four bedroom, four and a half bath home with a full finished basement on five and a half acres in an upscale subdivision.
In 2011 the lowest priced home sold in Grant County was $7,500. Last year, one lucky homeowner purchased a $4,800, two bedroom, one bath (well, there was a room for a bath) ivy-covered (poison ivy) house with small trees growing out of the partial gutters (gutters only came on one side of the house). I wonder if the critters came with the home or if they got evicted before the sale closed? All of this on .17 acre. What a deal.
Average sales price of all single family homes sold in 2012 was $113,105, as compared to $113,489 in 2011. Fifteen houses under $30,000 sold in 2011 and that figure was exactly the same in 2012. In 2012, home sales over $200,000 totaled 15 and in 2011 there were 16 sales over $200,000.
In 2012 ranch style homes were the most popular with 110 sales. Bi-levels took second place with 30 sales, two-story homes came in third with 24 sales and one and a half story-homes came in last with 10 sales.
A three bedroom, two full bath, ranch-style homes seemed to be a good value last year with an average sales price of $99,657.
If you’re looking for a new home right now, there are 135 single family homes listed for sale in Grant County currently. The least expensive one available is a three bedroom, one bathroom single-wide mobile home on one acre, listed for $24,600. Or, if your budget allows you may be interested in a fabulous custom-built ranch style homestead on almost 46 acres, featuring four bedrooms, four and a half bathrooms, a fully finished walkout basement, in-ground pool and a separate building that can be used as a workshop or whatever else you need it for. This one is available for $750,000. Let’s make an offer.
These figures are based on information gathered from the Northern Kentucky. Multiple Listing Service and do not include private sales unless they were reported to the No. Ky. MLS independently for statistical purposes.
(Monica Howe is a broker/associate and with REMAX Affiliates, Florence and a certified residential specialist. She lists and sells all types of real estate in Grant County and Northern Kentucky. She resides with her husband, Steve in Dry Ridge.)