Good morning neighbors! Are you in the thick of holiday hoopla? Just imagine moving during this hectic season! We had a few homes close last month in Armour Hills, and prices continue to rise. Here are the details for single family home sales In Armour Hills in November 2015:
In November 2015, four homes sold with a median list price of $274,950 and a sales price of $276,000 with 70 days on market. Interestingly, three of the four homes sold were on East Winthrope.
In November 2014, six homes sold with a median list price of $264,950 and a median sales price of $259,500 with 67 days on the market.
You will notice that the median sales price was higher than the list price–that is because one of the homes probably had closing costs added to the list price. The other homes sold very close to list price.
Checking year-to-date figures:
From January through November 2015, 73 homes have sold with a median list and sales price of $265,000 with 34 days on market.
From January through November 2014, 61 homes sold with a median list and sales price of $239,950 and sales price of $239,950 with 31 days on market.
It is unusual to have the list and sales price be the same figure. However, buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.
So far this year median sales prices are up over 10% compared to 2014 for Armour Hills. Next month I will have the usual December figures as well as a year to date comparison for the past few years. Currently there are 5 homes for sale, with a median list price of $249,500 and 88 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed)