You’ve heard that real estate is a seller’s market? That’s true only in some price ranges, according to Keller Williams Realty’s Kristie Smith. “We are definitely a balanced market in the mid-tier price points, and in the luxury market, it’s almost still a buyer’s market over $800,000,” she says. “Especially if the house is outdated.”
But one type of house can reliably attract hordes of inquiries, she says: those with an in-ground pool. Some consider a swimming pool a nuisance and wonder if it’s a liability when selling a house. Not right now, Smith says. This 1987 Carmel cul-de-sac residence attracted more than 20 home-shoppers “chomping at the bit” when she pre-marketed it two days before listing the house yesterday.
“Swimming pools are so in vogue,” she says. “You can’t put one in for less than $50,000 or $60,000, and that’s with no bells and whistles. And you can’t really add the price of the pool to your house when you sell it. It’s much more economical to find a house that already has one.” Parents want a pool to keep their kids home, Smith says. They want their house to be the hangout, and that’s why she believes pool ownership is on the rise.
The Carmel house has a pricey gunnite pool. The floor plan isn’t the most current, but it hasn’t turned buyers away. The house has plenty of other things going for it: 5,000 square feet, five bedrooms, a three-car garage, hardwood floors, and lovely mature landscaping. But “the house will sell immediately because of the pool,” Smith says. It’s surrounded by a concrete patio and has an adjacent wood deck and screened-in porch with a tall ceiling and tile floor.
Want to Buy It?
Address: 677 Nottingham Ct., Carmel
Contact: Kristie Smith, Keller Williams Realty, 317-313-3200