You’ve heard it in the media…now read about it in your own neighborhood. Home prices are up! Let’s check the January home sales stats for Armour Hills:
In January 2013, two homes sold. Average list price was $235,000 and average sales price was $221,000. Average days on market…just 26 days!
Now let’s compare to Jan 2012 and Jan 2011:
In January 2012, two homes sold. Average list price was $224,500 and average sales price was $215,000. Average days on market…43 days.
In January 2011, one home sold. The list price was $145,000 and the sales price was $146,777. Average days on market for the one sale was 158 days.
There is no doubt that home prices are on the rise in Armour Hills. I track the sales every month, and 2012 finished with more homes sold than 2011, a higher average sales price and less time on the market. I expect this trend to continue in 2013.
Currently there are nine homes for sale in Armour Hills, with an average price of $235,089, Overall, there is a lack of good inventory in the Brookside area. If you’ve been waiting for the market to change in the seller’s favor…now is the time to list your home! If it’s been well maintained, priced correctly and updated, you may have competing offers.
Contact me if you would like more details on the current state of the home sales market in Brookside.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)