Hello fellow Armour Hills residents, here are home sales statistics for the month of September 2011 for our subdivsion in Brookside, followed by my personal comments:
Four homes sold, with an average of 89 days on market. Average list price was $226,600; average sales price was $217,375. Five homes went under contract in September.
Three homes sold, with an average of 54 days on market. Average list price was $269,967; average sales price $263,000.
Let’s compare the main Brookside zip code, 64113, from last year to this year:
September, 2011 – 64113
Fifteen homes sold, with an average of 149 days on market. Average list price was $243,170; average sales price was $229,843. Fifteen homes went under contract in September.
September, 2010 – 64113
Thirteen homes sold, with an average of 167 days on market. Average list price was $359,112; average sales price was $343,806.
About the same number of homes are closing and going under contract, but prices are falling. Depressed prices can be attributed to many things: less expensive homes going on the market, the impact of low foreclosure pricing, and sellers who must sell and keep lowering the price to attract a buyer. The good news is this area is still desirable for sellers; the negative news is the falling home prices. However, in an area like Brookside and Armour Hills, prices can range from $150K to over $500,000. For true comparables, one has to compare specific features and locations that can vary block by block.
Would you like market statistics on your neighborhood? Email me with details and I will send them your way!
All information taken from Heartland MLS; deemed reliable but not guaranteed.