Hello fellow Brooksiders:

For today’s blog, I am comparing home sales statistics for the first six months of 2011 with the first six months of 2010 in two of the larger area subdivsions:

RockhillGardens: 

2010:  18 homes sold.  Lowest sales price was $65,000; highest sales price was $251,250.  Average sales price was $177,151 with an average of 103 days on market. 

2011:  12 homes sold.  Lowest sales price was $65,000; highest sales price was $256,000. Average sales price was $179,343 with an average of 118 days on market. 

Armour Hills:

 2010:  27 homes sold.  Lowest sales price was $90,000; highest sales price was $326,000.  Average sales price was $213,308 with an average of 94 days on market.

 2011:  25 homes sold.  Lowest sales price was $98,000; highest sales price was $272,000.  Average sales price was $207,287 with an average of 148 days on market. 

Keep in mind that in the first six months of 2010, buyers were taking advantage of the $8000 tax credit that was not available in 2011–that is one reason for the slower sales and longer days on market.  The increase of foreclosed homes has a big effect on bringing the average sales price down.  All information taken from Heartland MLS–deemed reliable but not guaranteed.

If you would like home sales stats for your subdivision–send me an email with your address and I’ll do the research for you!