Armour Hills subdivision in Brookside

Last week Heartland MLS released the September home sales statistics so it’s time to tell you about Armour Hills activity for last month.  Fewer units sold, but average sales price is way up over last year:

In Sept 2013, 5  homes sold.  The average list price was $273,180 and the average sales price was $271,260.  Average days on market: 25.

In Sept  2012, 11  homes sold.  The average list price was $194,870 and the average sales price was $189,610.  Average days on market: 85.

That’s a huge jump in average sales price, and less days on market.  Our neighborhood has had higher average sales prices overall this year; part of the reason this month for the big jump was in Sept 2012, the majority of the homes sold for under $200K–not normal for Armour Hills.

Let’s compare year-to-date figures:

In the first nine months of 2013, 61  homes sold with an average sales price of $261,468 and 62 days on market.

In the first nine  months of 2012, 82 homes sold with an average sales price of $219,205 and 82 days on market.

Although fewer homes are selling this year, the average sales price is up 19% year to date over 2012–a huge increase!  In addition, last year lower priced listings were more prevalent due to several  short sales and foreclosures in the subdivision.

As of this writing, there are 18 homes for sale in Armour Hills, with an average price of $253,720 and 88 days on market.

If you would like specific sales figures from your neighborhood, contact me!

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