I‘m a bit late posting these stats in early July…it’s a holiday week after all!! Home sales are still strong in Armour Hills; fewer homes sold compared to last year. Let’s take a look at the numbers:
| May 2023 | may 2022 | |
|---|---|---|
| Median list price: | $487,000 | $385,000 |
| Median sales price: | $526,000 | $429,000 |
| Days on market: | 3 | 2 |
| No. of homes sold: | 4 | 11 |
You can see that buyers paid list price or above on the closed sales in May; the lowest closed price was $376,500 and the highest was $575,000. Far fewer homes closed compared to May 2022; home values up 22%. Here are the year-to-date figures:
| jan-may 2023 | jan-may 2022 | |
|---|---|---|
| Median list price: | $395,000 | $397,000 |
| Median sales price: | $417,000 | $419,000 |
| Days on market: | 5 | 2 |
| No. of homes sold: | 21 | 34 |
Sales prices are consistent with last year, however 38% fewer homes have closed. Sellers can be reluctant to sell due to the record low interest rate on their mortgage and lack of inventory combined with higher prices. Still, buyers want to live in Armour Hills and most homes are under contract within just a few days of hitting the market.
As of today there are zero homes for sale in Armour Hills, that will change in a day or so! Fifteen homes are under contract, waiting to close.
Inside Brookside (And Waldo) 