Armour Hills….one of the best subdivisions in Brookside! Of course, I am a bit partial because I live in Armour Hills. However, check out these home sales stats for May 2016–buyers are snapping up homes here in a hot market that favors sellers:
May 2016: May 2015:
Median list price: $289,900 Median list price: $256,900
Median sales price: $291,000 Median sales price: $262,000
Number of homes sold: 9 Number of homes sold: 11
Days on market: 33 Days on market: 36
That’s correct, many of the homes sold for over the list price! (one home sold for $8000 over asking price). Out of the nine homes that sold last month, five sold over the list price, two right at asking price.
Checking year to date figures:
2016, Jan-May: 2015, Jan-May:
Median list price: $269,000 Median list price: $260,000
Median sales price: $267,000 Median sales price: $262,000
Number of homes sold: 27 Number of homes sold: 35
Although fewer homes are selling…that is due to lack of inventory. There is plenty of demand. Currently there are 4 homes for sale in Armour Hills, with a median list price of $284,925 and seventeen days on market.
(All figures taken from Heartland MLS; deemed reliable but not guaranteed)