Interesting year for home sales in Brookside’s Armour Hills subdivision.  So  many houses sold for way over the asking price, yet overall, value didn’t rise as much as I expected.  Let’s take a look at the stats, starting off with December figures.

Dec 2018                                                               Dec 2017

Median list price:     $276,950                        Median list price:    $269,950              

Median sales price:  $272,500                       Median sales price:  $279,000

No. of homes sold:       2                                   No. of homes sold:       4

Days on market:           65                                Days on market:         3

Here is the 2018/2017 comparison:

2018                                                                          2017

Median list price:     $315,000                          Median list price:     $314,500

Median sales price:   $315,000                         Median sales price:   $312,500

No. of homes sold:        79                                No. of homes sold:        93

Days on market:           9                                    Days on market:           7

Fewer homes sold in 2018, and home values rose just .8% compared to 2017.  Several AH homes sold last year for well over the asking price–many for $10-20K over, the highest was $38,000 above list price!  As you can see from the above list/sales price figures, most houses went under contract quickly and  closed at asking price.  Armour Hills is one of the most popular subdivisions in Brookside, and I feel demand will be strong in 2019.

Currently there are four homes listed, with a medium asking price of $364,450 and 58  days on market.

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