Armour Hills Home Sales Report – January 2014

Armour Hills finished 2013 with a big increase in home values–over 10% compared to 2012.  We are off to a strong start in 2014 as well.  Here are the January 2014 home sales stats for Armour Hills:

Four homes sold in January 2014, with an average list price of $251,238 and an average sales price of $250,983.  Average days on market:  15.

Two homes sold in January 2013, with an average list price of $235,000 and an average sales price of $221,000.  Average days on market:  26.

Typically, home sales are slower in the beginning of the year.  However, having four home sales in January, considering all of the cold weather and snow we’ve had, with the higher average sales prices –that’s a strong way to kick off the year!  Two of the four homes that sold were updated and move in ready–those properties always tend to sell quickly.

Currently there are 11 homes for sale in Armour Hills, with an average list price of $257,641 and 102 days on market. One of these homes is a foreclosure, a few of them need updating, have some sort of oddity, and/or some of them are aggressively priced  (in my opinion).  These reasons explain why the homes haven’t sold yet, causing the longer average days on market statistic.  I think 2014 will be another strong year for Armour Hills homes sales!

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

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