How many new neighbors will we have in Armour Hills in 2015?  Seventy homes changed owners last year.   Let’s see how many properties closed last month in Armour Hills, and check the pricing.  Buyers are actively looking for homes to purchase and open house traffic is strong–yet  there is  a lack of good inventory.

In January 2015, four homes sold with a median sales price of $210,000 and 23 days on market. The median list price was $210,000. Three of the four homes sold were at list price, the fourth was just $500 under list.

In January 2014, four homes sold with a median sales price of $232,500 and 10 days on market.  The median list price was $235,000.

I am not concerned about the drop in median sales price from one year ago–notice the homes that sold were at full price.  January is traditionally a slow month for purchases. However, there is a strong demand for homes–proven by the fact that the units  sold last month were at asking price!

Right now we have  8 homes for sale in Armour Hills, with a median list price of $265,000 and 32 days on market.  The lowest list price is $210K and the highest is $319,950.

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