Armour Hills Home Sales Drop – Aug 2014

Here we are at the end of September…and I’m just finding time to post the August homes sales stats for Armour Hills!  Let’s get right to the numbers:

In August 2014, two homes sold with a median sales price of $227,000 and 4 days on market.  Both homes sold within a couple of days of being listed.  Why? Because they were priced right and updated–totally ready for new owners.

In August 2013,eight  homes sold with a median sales price of $246,750 and 52 days on market.  The highest sales price that month was $282,000.

That’s a pretty large drop for number of homes sold in one month.  Usually, sales do slow down in the second half of the year.  There are plenty of homes for sale in Armour Hills–the issue is that buyers are very picky and will wait for what they really want to buy.

Now let’s compare year-to-date figures:

For the first eight months of 2014, 43 homes sold with a median price of $239,950 and 31 days on market.

For the first eight months of 2013, 57 homes sold with a median price of $250,000 and 24 days on the market.

We are falling behind in the number of homes sold this year compared to last, and prices are dropping. The move in ready homes sell first, and the homes that need updating, or have an odd floor plan or poor location tend to sit on the market with several price drops–which causes the lower median sales price.

Currently there are 20 homes for sale in Armour Hills, with the lowest list price at $170,000 and the highest at $369,950. Days on market:  43

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

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