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.)