Tag Archives: Armour Hills market report

Armour Hills Home Sales Market Report – October 2013

Posted on by
Reply

It’s just amazing how much home prices have jumped in Armour Hills this year!  Buyers are snapping up the updated, well maintained and show – ready homes within a few days of hitting the market!  Here are the details for last month:

In October  2013, 9  homes sold.  The average list price was $256,078 and the average sales price was $256,211.  Average days on market: 24. (note the average sales price here is higher than the list price!)

In October  2012, 5  homes sold.  The average list price was $211,780 and the average sales price was $201,720.  Average days on market: 61.

Average home prices for October of this year are up 27% over last October, and almost twice the numbers of homes sold, with days on market less than half of the previous year.

Let’s compare year-to-date figures:Print

In the first ten months of 2013, 70  homes sold with an average sales price of $260,792 and 62 days on market.

In the first ten  months of 2012, 68 homes sold with an average sales price of $217,919 and 82 days on market.

Home prices are up over 19% over last year..wow!

As of this writing, there are 15 homes for sale in Armour Hills, with an average list price of $271,142 and 77 days on market.

If you would like specific sales figures from your neighborhood, contact me.

(All figures taken from Heartland MLS and deemed reliable but not guaranteed.)

Armour Hills Home Sales Stats – May 2013

Posted on by
Reply
Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

Wow, look at these average home sale prices for Armour Hills!  We are in peak home buying season, and prices are way up compared to last year.  Let’s examine May 2013 home sales for Armour Hills:

In May 2013, ten homes sold.  Average list price was $266,420 and average sales price was $262,650.  Average days on market was 52 days.  

In May 2012,  seven homes sold at an average price of $232,429  and 90 days on the market.

More homes are selling–that has been a steady trend all year.  And as you can see, average sales prices are way up; days on market way down compared to one year ago.  

Now let’s compare to year-to-date figures:

From Jan-May 2013, twenty-six  homes have sold  at an average price of $251,445 and 89  days on market.

From Jan-May 2012,  twenty homes sold at an average price of $217,048 and 93 days on market.

More homes are selling this year over last. Average prices are way up as inventory is low, demand is strong and sellers areoffering well maintained, attractive homes for buyers to consider.  Also, there are not as many foreclosures and short sales this year.  Our neighborhood continues to be a desirable location for homeowners, and the higher prices benefit both buyers and sellers.   As of this writing, there are 14 homes for sale in Armour Hills, at an average list price of  $$242,839.

(As a side comment, it is interesting how homeowners like to see strong average sales prices in their neighborhoods–yet when their Jackson County home is assessed with a higher value, they want to protest the tax hike!)

If you are thinking of selling your Armour Hills home…now is the right time to get it on the market!

(All figures taken from Heartland MLS and deemed reliable but not guaranteed).

Armour Hills Feb 2013 Home Sales Stats

Posted on by
Reply
Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

Home prices are on the rise in Armour Hills!  Although it’s officially April, I am just now publishing the February 2013 home sales stats for our neighborhood.  It’s good news worth waiting for as average home sales prices are way up:

In February 2013, four homes sold.  Average list price was $261,238 and average sales price was $257,375.  Average days on market was 79.

In February 2012, one home sold at a price of $195,000 and seven days on the market.

Now let’s compare to year-to-date figures:

For 2013, six homes have sold at an average price of $245,250 and 62 days on market.

In  2012, three homes sold the first two months of the year at an average price of $208,333 and 43 days on market.

These figures represent a big jump in average sales price and number of homes sold–and we are not even into the heavy buying months of April and May.  Buyers are out early this year, snapping up the well maintained, updated homes in our area and paying higher prices.  I expect this trend to continue the next several months.

Currently there are ten  homes for sale in Armour Hills, with an average list price of $245,760 and just 36 days on market. I know of at least three Armour Hills homes that were recently listed and sold within two days!  There is a lack of inventory right now, partially due, I think, to the two huge snow storms and spring break vacations.    

The housing slump is over!

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

Armour Hills 2012 Home Sales Market Report

Posted on by
Reply

Now that we are a few weeks into the new year, it’s time to look back at 2012 home sales statistics for Armour Hills. When I checked the stats each month last year, the trend was more homes sold and at a higher average price than 2011. I think the worst of the housing crisis is over for our Brookside neighborhood!

Armour Hills Homes in Brookside

Armour Hills Homes in Brookside

Here are the figures for 2012 single family home sales in Armour Hills:

In 2012, 78 homes sold. The average list price was $225,465 and the average sales price was $219,338. Average days on market: 83.

In 2011, 59 homes sold. The average list price was $220,551 and the average sales price was $212,088. Average days on market: 119.

In summary, 25% more Armour Hills homes sold in 2012 than 2011, and with a higher average sales price of almost 5%–very healthy numbers!

Something else I want to point out: the lowest sold price in 2012 was an $80,000 short sale. However, we had two homes sell over $400K–one at $485,000 and another at $417K. The highest sales price in 2011 was $350K. Both of these higher priced homes were total rehabs. This shows our neighborhood is desirable for more affluent buyers and we have a good area for rehabber /homeowner improvement investing.  Finally, with the average home price in the $220s, Armour Hills is still very affordable for most first time buyers, despite the two over $400K sales.

I’ll continue to track monthly sales for 2013 in this blog. The upward trend in number of homes sold and increasing average sales prices should continue this year.

Interested in home prices and sales trends in your area? Email me and I’ll provide the information. In a few days I will post home sales stats for the Brookside zip code of 64113–also showing better sales activity than last year.

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