Armour Hills Home Sales Report- June 2022

Home values in Armour Hills continue to rise, and last month we had the third highest closed sale ever–it’s very rare for an Armour Hills house to sell for over $700K but it happened again! Here are the stats for this Brookside subdivision:

June 2022June 2021
Median list price:$390,000$337,500
Median sales price:$430,000$347,500
No. of homes sold: 9 8
Days on market: 2 2

Overall, home values are up 23% compared to June 2021! The highest sale last month was $701,000 on a list price of $660,000. The lowest sale was $365,000.

Here are the year-to-date numbers:

Jan-June 2022Jan-June 2021
Median list price:$395,000$365,000
Median sales price:$420,000$367,450
No. of homes sold: 43 34
Days on market: 2 2

Compared to the first six months of last year, home values are up 14%; buyers are paying 6% over asking price. With interest rates rising, we’ll see how the end of the year shakes out–if prices come down somewhat. There is still a lot of demand so I don’t foresee a big plunge in home sales at all. Currently there are five homes listed in Armour Hills with an average price of $405,000 and ten days on the market. The ten day figure shows you that at least some homes are not going under contract within 48 hours of listing. Of those five homes, all listed within the three weeks, three of them have had price reductions.

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

Armour Hills Home Sales Report – March 2022

Let’s start with another example of how far some buyers will pay over asking price….in March, an Armour Hills home sold for $52K over the list price!. With interest rates on the rise, will buyers pull back on the bidding wars? We will find out…my guess is there will still be multiple offers for the most desirable, updated homes, but instead of 15 offers, perhaps 5-8 offers. Here are the March stats for Armour Hills in Brookside:

March 2022March 2021
Median list price: $382,500 $299,500
Median sales price: $402,000 $307,000
No. homes sold: 4 2
Days on market: 2 3

The lowest closed price was $385,000 and the highest was $414,500. Values are up almost 31% over March 2021. Here are the year-to-date numbers:

Jan-March 2022Jan-March 2021
Median list price: $399,950 $337,500
Median sales price: $414,500 $356,888
No. homes sold: 11 10
Days on market: 4 2

Sold prices are up16% over the same period last year. The highest closed price so far this year in Armour HIlls was $535,000. As of this post, there are no homes in Armour Hills for sale; there are 12 under contract.

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

Armour Hills Home Sales Report-2021

Hi Neighbors! Our subdivision had a healthy increase in home values last year, with most properties going under contract within a couple of days. Prices will not be going down in 2022–that’s a pretty safe prediction! Here are the numbers:

Year20212020201920182017
Median list price365000345000339450315000314500
Median sales price380000344000340000315000312500
Days on market372197
No. homes sold7099828093

The increase in value from 2020 to 2021 was 10.4%, and the increase from 2017 to 2021 was 21.6%. I find it interesting that fewer homes sold; homeowners are staying put in our beautiful neighborhood! The highest sales price last year was a whopping $703,000, and the lowest was $212,000. Note most buyers are paying over list price.

The busy buying and selling season is just a few weeks away–if you plan to be a buyer / seller, now is the time to plan and plot strategy!

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

Armour Hills Home Sales Report-August 2021

Last month, Armour Hills had it’s highest recorded home sales price of the year–and that final price was $53,000 over the list price! As I reported in last week’s blog, some Brookside homes have sold for $100,000 over asking price. That is too crazy! An over $700K price for an Armour Hills house just shows the reach some buyers have to get what they want. The high price tag affected the big jump in the median sales price compared to Aug 2020. Here are the numbers:

August 2021                                                                            August 2020

Median list price:             $384,900                                           $317,500

Median sales price:         $382,000                                           $320,000

Days on market:                 31                                                        3

No. homes sold:                  5                                                         12

Every property that sold last month closed over the list price except one. The highest sales price of the year so far was $703,000 on a home priced at $649,900.

Here are the year-to-date numbers:

Jan-Aug 2021                                                                           Jan-Aug 2020

Median list price:              $367,450                                           $339,950

Median sales price:          $386,000                                           $337,500

Days on market:                 2                                                          5

No. homes sold:               50                                                        57

Compared to last year, home prices are up 14% in Armour Hills. Currently there are seven listings, ranging from $349,000 to $575,000. The median price is $399,000 and 26 days on market.

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

Armour Hills Home Sales Report—July 2021

Hi neighbors! Home sales are consistently strong in Armour Hills, and prices are much higher compared to July 2020. Let’s look at the numbers:

July 2021                                                             July 2020

Median list price:      $375,000                            $319,000

Median sales price:   $395,000                           $335,000

Days on market:                  2                                    1

No. sold:                                11                                 7

Buyer paid about 5% over list price; values up 17% compared to July 2020. Here are the year-to-date figures:

Jan-July 2021                                                        Jan-July 2020

Median list price:     $365,000                             $347,000

Median sales price:  $390,000                            $342,500

Days on market:                                                       8

No. sold:                                45                                   44

Median sales price jumped 13% over last year; most homes selling faster as well. The highest Armour Hills closed price in 2021 so far is $605,000 and the lowest is $212,000. Currently there are three active listings, with an average price of $399,000 and 53 days on market.

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

Armour Hills Home Sale Report-May 2021

Well neighbors, the Armour Hills subdivision in Brookside hit a record last month for the highest recorded sale of a single family home. Hard to believe, but someone paid $130,000 over the list price! How crazy is that? Let’s look at the numbers:

May 2021                                                                                       May 2020

Median list price:     $365,000                                                    $352,000

Median sales price:  $363,000                                                   $352,500

No. sold:                         9                                                                 16

Days on market:          2                                                                  4

The lowest sold price last month was $300K, and the highest was $605,000 on a $475,000 list price. It was a beautiful house–a record high closing price for Armour Hills. Here are the year-to-date numbers:

Jan-May 2021                                                                                Jan-May 2020

Median list price:              $367,450                                           $349,900

Median sales price:          $379,950                                           $342,500

No. of homes sold:            26                                                        29

Days on market:                                                                         10

Home values have increased in Armour Hills almost 11% year to date compared to last year. Currently there are four listings in the area, with a median price of $354,450 and 23 days on market.

HAVE A HAPPY AND SAFE JULY 4 HOLIDAY!!!!

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

Armour Hills Home Sales Report-February 2021

Armour Hills is blooming! Along with the rest of the city. Springtime brings out the buyers for our neighborhood, so expect more home sales in the warm months ahead. Even the cold weather though didn’t slow down the market–sales are up compared to last year at this time. Let’s look at the stats:

February 2021February 2020
Median list price: $335,000$339,900
Median sales price: $358,775$332,000
No. of homes sold: 5 3
Days on market: 2 49

Buyers paid about 7% over list price and home values are up 8% over February 2020. Below are the year-to-date numbers:

Jan-Feb 2021Jan-Feb 2020
Median list price: $347,000$339,925
Median sales price: $361,888$338,000
No. of homes sold: 8 4
Days on market: 2 46

Twice as many homes closed this year compared to last; and you can see how quickly new listings are going under contract: two days instead of a few weeks! Home prices are running about 7% over last year. Currently there is just one listing for sale in Armour Hills, priced at $425,000 and four days on market.

If I can provide you with more detailed information on Brookside or Waldo home sales, contact me!

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

Armour Hills Home Sales Report-September 2020

My subdivision of Armour Hills in Brookside continues to be one of the most popular areas for buyers–as noted here, homes go under contract very fast, very close or over the asking price. Let’s look at the details for last month:

September 2020September 2019
Median list price: $349,475$342,500
Median sales price: $350,750 $342,500
No. of homes sold: 16 8
Days on market: 4 3

Prices are up a bit from last year – 9 of the 16 homes that closed were at or over the list price. Also, twice as many houses sold! Here are the year-to-date numbers:

Jan-Sept 2020Jan-Sept 2019
Median list price: $347,000$345,000
Median sales price: $343,250$345,000
No. of homes sold: 72 69
Days on market: 5 11

We see these figures are just about the same as last year–as we get into the colder months, the number of homes sold may drop as traditionally, not as many listings in the last quarter of the year. Still, very healthy home values for Armour Hills! Currently there are just three active listings, with a median price of $319,000 and 7 days on market. Contact me if I can help you with more information about Brookside/Waldo residential real estate!

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

Armour Hills Home Sales Report-Aug 2020

Hello neighbors! The home stats for Brookside’s largest subdivision were down quite a bit from August of last year–but no worries, the year-to-date figures are pretty stable. Let’s examine the numbers:

August 2020August 2019
Median list price: $317,500$377,500
Median sales price: $320,000$374,250
No. of homes sold: 12 6
Days on market: 3 5

You can see the median sales price was over 14% lower than the previous August. However, more homes closed in August of 2020, including one property that was listed at $375,000 and sold for $435,000–that’s $60K over asking price! Here are the YTD stats:

Jan-Aug 2020Jan-Aug 2019
Median list price: $342,475$342,450
Median sales price: $338,750$342,500
No. of homes sold: 56 62
Days on market: 6 18

Sold prices are just about 1% off; the number of homes sold is about the same; however, homes are selling faster. The lowest sales price in Armour Hills so far this year is $238,000 and the highest is $515,000. Currently there are six active listings in Armour Hills, with a median list price of $299,950 and 8 days on market. This is a good opportunity to live in Armour Hills for under $300K if you are willing to do a little fix up work!

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

Armour Hills Home Sales Report-June 2020

I am a bit late posting the June stats for Armour Hills homes sales…it’s already August! Still, time is moving slowly these days…but home sales are still very strong in Brookside. Here’s the report:

June 2020June 2019
Median list price: $334,900$329,000
Median sales price: $347,750$329,000
No. of homes sold: 89
Days on market: 2224

Five homes closed at or over asking price in June 2020. One home sold —for $35,000 over the list price!!! Another sold for $22,600 over ask price. It’s an out of control bidding war at times in Brookside and Waldo these days. Now let’s look at year-to-date numbers:

Jan-June 2020Jan-June 2019
Median list price: $349,900$343,700
Median sales price: $342,500$343,325
No. of homes sold: 3744
Days on market: 1024

Median sales price is running just a smidge behind where we were last year at this

time. The number of homes sold is lower; homes going under contract quicker. There is still a lot of demand, despite the COVID-19 pandemic. Will home sales fall as we get into the colder months of the year as they usually do? I think so; it will be interesting to see if prices are lower as well. So much depends on the condition of the home, no matter what time of year.

Currently there are seven active listings in Armour Hills, with a median list price of $359,900 and 13 days on market. Contact me if I can help you with any real estate needs!

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