Time for our monthly review of home sales in Armour Hills! Homes are selling quickly in our neighborhood. Let’s review the stats:

 
In July 2012, 9 single family homes sold.  The average list price was $225,422 and the average sales price was $224,111.  Average days on market:  53.

In July 2011, 5 single family homes sold.  The average list price was $226,460
and the average sales price was $224,470. Average days on market:  80.

Almost twice as many homes sold this year, although the average sales price is virtually unchanged. Days on market is shorter, which is good news for sellers. Also, notice how the average sales price is just about $1000 less than the list price.

Now let’s look at year-to-date figures:

From January-July 2012, 44 single family homes sold.  Average sales price was $220,406.  Average days on market: 89.

From January-July 2011, 30 single family homes sold. Average sales price was $210,151.  Average days on market: 137.

Year-to-date, average sales price has jumped up $10,000 from last year, more homes have sold and days on market has shortened by almost seven weeks! In addition, we had a home sell last month for $382,500–a very robust sales price for Armour Hills.

It will be interesting to see if these trends continue in the Fall, a  traditionally slower time for sales. Currently there are 18 homes for sale in Armour Hills, with an average list price of $245,975 and 126 days on market. If you would like moer specific information on home sales in the Brookside area, contact me!

(All figures taken from Heartland MLS; deemed reliable but not guaranteed.)

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