Brookside is in full bloom and home buyers are out, admiring our neighborhood! I’m happy to report that Armour Hills homes sales for the month of April were up compared to one year ago. Let’s examine the numbers:
Eight homes sold in April 2014, with an average median sales price of $235,000. Average days on market: 73.
Four homes sold in April 2013, with an average median sales price of $196,285. Average days on market: 69.
Twice as many homes sold this April than last, and at a higher average sales price. The homes that sold a year ago were in the lower priced category for our area. In April of this year, the highest price sale was on Brookside Road for $425,000 and the lowest sale was $162,900 on E Winthrope. The days on market change isn’t significant.
Looking at year to date figures:
For the first four months of 2014, 18 homes have sold in Armour Hills at an average median price of $243,000 and 65 days on the market.
For the first four months of 2013, 16 homes sold at a median average price of $233,450 and 113 days on market.
Homes are selling faster this year, and at a higher average sales price…so far prices are up 4.9% this year! As of today, there are 11 homes for sale in AH, with a median average price of $217,000 and 94 days on market. Five of those homes are priced under $200K, the lower end for our area. The spring home buying season is off to a strong start for Armour Hills!
(All stats taken from Heartland MLS; deemed reliable but not guaranteed)