Interesting home sales statistics from the Armour Hills subdivision in Brookside last month..I think these stats show
some trends worth noting…my comments below!
In August 2010, six homes sold in Armour Hills. Average days on market: 59.
Average list price: $176,650. Average sales price: $174,475.
In August 2011, nine homes sold in Armour Hills. Average days on market:
101. Average list price: $223,811. Average sales price: $215,372.
The average sales price for August 2010 was very low for Armour Hills. More
of the lower priced homes sold, including some foreclosures, which drag down
sales prices. Note the average days on market was 59–fairly fast for a
‘depressed’ housing market, and indicates buyers will snatch up bargains in
The average sales price for August 2011 was more along the usual average for
the subdivision. More units were sold this year, which is encouraging, although
the days on market — 101 — was nearly twice as long as the same period for
last year. The higher average sales price and more units sold perhaps reflects
a bit more confidence in the market as well as sellers ‘waiting out’ the down
year of 2010 to try and sell this year instead.
If you would like home sales statistics for your area–email me with your address and I will send them over. Thanks for reading my blog!