Home buyers continue to see Armour Hills as a desireable place to purchase a home…the trend continues of buyers paying more than the asking price to purchase in this Brookside neighborhood. Here are the home sales stats for June 2016:
July 2016 July 2015
Median list price: $254,500 Median list price: $274,900
Median sales price: $256,000 Median sales price: $270,025
Number of homes sold: 8 Number of homes sold: 12
Days on market: 5 Days on market: 42
Of the eight homes that closed last month, five sold at or above list price. One home sold for $25,000 over the asking price!
Checking year to date figures:
2016, Jan-July 2015, Jan-July
Median list price: $275,000 Median list price: $265,000
Median sales price: $274,500 Median sales price: $265,000
Number of homes sold: 47 Number of homes sold: 57
Days on market: 16 Days on market: 33
Although the median price is lower than July 2015, pay attention to the year-to-date figure: prices are running 3.8% higher in 2016 and spending fewer days on market. Less homes for purchase means prices go up.
Currently there are just 4 homes for sale in Armour Hills, with a median list price of $225,000 and 12 days on market.
(All figures taken from Heartland MLS; deemed reliable but not guaranteed)