Finishing up the tenth month of the year…home sales in Armour Hills continue to outperform 2011, however in October there was a lower average sales price. Let’s check the stats:
In October 2012, 5 homes sold. The average list price was $211,780 and the average sales price was $201,720. Average days on market: 61.
In October 2011, 4 homes sold. The average list price was $233,175and the average sales price was $223,525. Average days on market: 93.
The average sales price for October 2012 is lower than what’s been trending this year, but last month there was one sale at $80,000, which is unusually low for our area. This sale brought the average price down. Still, comparing to 2011, one more home sold and days on market are down by 30 days over last year!
Year to date, 67 homes have sold in Armour Hills, at an average sales price of $218,202 and 76 days on market. From January–October 2011, 48 homes sold at an average price of $212,643 and 119 days on market. We are experiencing lower days on market and an average sales price that’s higher than last year. This trend has been consistent since January.
I think we are past the bottom of the housing market in Armour Hills, and on an upward trend that should continue…if interest rates stay low and the economy stays on the recovery track.
Interested in home prices and sales trends in your area? Email me and I’ll provide the information. In a few days I will post home sales stats for the Brookside zip code of 64113–also showing better sales activity than last year.
(All statistics taken from Heartland MLS; deemed reliable but not guaranteed)