I’ve said a few times last year that Armour Hills has some of the fastest growing home values in Brookside–and these year end stats support that statement. Why? Several reasons I think: a wider variety of home prices; close to Brookside/Waldo amenities; lots of curb appeal and interior charm; a strong homes association; Arbor Villa park sits in the middle of the subdivision. Let’s look at the numbers:
December 2019 December 2019
Median list price: $402,000 Median list price: $276,950
Median sales price: $397,000 Median sales price: $272,500
No. of homes sold: 2 No. of homes sold: 2
Days on market: 24 Days on market: 65
Technically prices rose 31% over December 2018, however this is a bit of a fluke–only two homes sold each year, and obviously last month it was the larger, more expensive homes. The YTD comparisons tell the real story:
Year Med. List Price Med. Sales Price No. Sold DOM
2019 $339,900 $340,000 82 21
2018 $315,000 $315,000 80 9
2017 $314,500 $312,500 9 7
2016 $275,000 $274,500 91 21
2015 $269,700 $266,750 80 28
The number of homes sold each year is very consistent, and sellers are getting very, very close to asking price. Since 2015, values up 27.4% in five years; Brookside (using zip code 64113) values are up 13.8% during the same time period. Armour Hills…hot neighborhood for buyers!
Currently there are four active listings, with a median list price of $367,475 and 42 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)