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:
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.)