Armour Hills 2017 Home Sales Recap

In one of my blog posts last year, I stated that Armour Hills could be the hottest Brookside neighborhood, based on home buyer demand and prices.  I think the year end stats back up that claim!  First let’s take a look at December home sales stats for the Armour Hills subdivision:

December 2017                                                             December 2016

Median list price:       $269,950                                   Median list price:      $277,500

Median sales price:    $279,000                                  Median sales price:   $281,500

No. of homes sold:         4                                            No. of homes sold:        8

Days on market:             3                                             Days on market:           42

In both months, the median sales price exceeded the list price!  Also of note–homes went under contract within just a few days in 2017.  Below are year end comparisons:

2017                                                                                     2016

Median list price:      $314,723                                    Median list price:      $272,500

Median sales price:   $312,250                                   Median sales price:  $272,500

No. of homes sold:       92                                             No. of homes sold:       96

Days on market:           7                                               Days on market:            25

In Armour Hills, the median sales price jumped up 14.9% in one year! That’s higher than the entire Brookside area (using zip 64113), which increased 10% in 2017 compared to 2016.  Note also that new listings went under contract in about a week.  The lowest Armour Hills sales price last year was $168,500 and the highest was $450,000.  I think home sales will continue to be strong for Armour Hills in 2018. Currently there are just three homes for sales in Armour Hills, with a median list price of $498,500 and 37 days on market.

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

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