Hello neighbors!  Didn’t it feel good to pull out a sweater or jacket this morning on the way out the door?  You can smell Fall blowing into Brookside!  And we are going into one of the prettiest time of years to walk our neighborhood.  The drought may negatively affect autumn tree colors this year..we will see soon.  Now, let’s check home sales statistics for last month:

In  August  2012, 8 homes sold.  The average list price was $245,925 and the average sales price was $234,809. Average days on market:  48.

In August  2011, 10  homes sold.  The average list price was $223,425 and the average sales price was $214,835.  Average days on market:  91.

WOW!  Average days on market was almost half of the 2011 figure, and average price was up almost 9%!

Year to date, 52 homes have sold in Armour Hills, at an average sales price of $222,622 and  83 average days on market.  From January-August  2011, 40 homes sold at an average price of $211,322 and 125 days on market.

HIgher prices and less days on market is good news for sellers–and for buyers.  Why?  Sellers are starting to recoup some of the equity lost during the housing crash and homes aren’t sitting on the market as long. Buyers can feel confident they are buying in a desirable neighborhood with rising home values.

Interested in home prices and sales trends in your Brookside area?  Email me and I’ll provide  the information!
(All statistics taken from Heartland MLS; deemed reliable but not guaranteed)