Plenty of buyers for Armour Hills homes this spring…not much inventory.  Updated, well priced homes go under contract within hours of listing.  Here are the home sales stats for Armour Hills in Brookside:

March  2016:                                                               March 2015:  

Median list price:      $234,975                               Median list price:     $269,975

Median sales price:  $229,475                              Median sales price:  $261,250

Number of homes sold:  6                                     Number of homes sold:  12

Checking year to date figures:

2016 YTD:   

Median list price:      $249,500   

Median sales price:    $247,000

Number of homes sold:   11

From Jan-March 2015, the median sales price was $257,250 and 18 homes had sold.    Although the stats are showing prices are lower than last year at the same time, don’t be dismayed.  These numbers show the lower priced homes that were listed and sold in Armour Hills at this time.  Prices will rise as homes continue to sell in the next several months.  Also, there are fewer homes on the market for buyers to purchase, which is why less units are selling. Believe me, the demand is there for Armour Hills/Brookside homes priced at $300K or less.  Currently there are ZERO homes for sale in Armour Hills as I write this blog….I’ve never seen that before.

If you would like more detailed information about the Brookside/Waldo home sales market, I’m here to help!  

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