I say…good riddance to another poor housing sales year and let’s look ahead to a much better 2012!
Looking at single family home sales stats for zip code 64113 in Brookside, December 2011:
14 homes sold. Average list price: $245,904. Average sales price: $231,032. Average days on market: 111.
Compare those figures to December 2010:
22 homes sold. Average list price: $335,930. Average sales price: $307,853. Average days on market: 106.
Why the much higher average sales price in 2010? Part of the reason is a $1.5 million dollar home sold in 2010. In 2011, the highest price home sold was $515,000. The drop in the number of units sold in 2011 can be attributed to the $8000 tax credit for buyers that was in effect for 2010…this tax credit encouraged buyers to make purchases that year. Days on market were virtually the same.
In the next blog entry I will compare Armour Hills sales stats for December 2010 to 2011, plus will do a year end comparison before the end of the month. Thank you for reading my blog!
(Note: all stats taken from Heartland MLS; deemed reliable but not guaranteed)