These home sales statistics for March 2013 show just how hot the real estate market is for Brookside right now! I am reporting Armour Hills stats today, and will write about the Brookside zip of 64113 within the next couple of days. The figures below show a big jump in average sales prices:
In March 2013, six homes sold. Average list price was $275,625 and average sales price was $268,167. Average days on market was 167 days. Two homes sold for over $300K.
In March 2012, four homes sold at an average price of $181,325 and 92 days on the market.
Now let’s compare to year-to-date figures:
In 2013, twelve homes have sold (January through March) at an average price of $264,058 and 114 days on market.
In 2012, seven homes sold the first three months of the year at an average price of $192,900 and 71 days on market.
More homes are selling this year over last. Average prices are way up and will continue to rise as inventory is low, pushing prices higher. The average price of an Armour Hills home in March 2012 was unusually low–this can be attributed to more foreclosures selling last year, and some lower priced, fixxer-upper priced homes going under contract. Although the average days on market is trending longer this year than last–this isn’t something to be alarmed about. The houses that sit are the ones that need lots of work, or are in a foreclosure/short sale situation. I’ve seen several Armour Hills homes go under contract this spring within a few days of being listed.
Rising home prices are good news for sellers and buyers. Buyers can feel confident they are purchasing a home in an area with increasing home values. Our subdivision continues to be a favorite destination for those who want to live in Brookside!
(All figures taken from Heartland MLS and deemed reliable but not guaranteed).