As I was reporting monthly stats on Armour Hills homes throughout last year, I knew the trend was rising prices. We’ve had a big increase in our home values–that’s good news for both sellers and buyers! Let’s take a look at the specific numbers:
*79 homes sold
*Median list price: $269,500
*Median sales price: $265,000
*Average days on market: 34
The highest sales price in Armour Hills was $461,000; the lowest was $139,000.
*70 homes sold
*Median list price: $239,950
*Median sales price: $236,500
*Averages days on market: 32
The highest sales price in Armour Hills that year was $474,000; the lowest was $125,000.
A few more homes sold in 2015 than 2014, and the median sales price jumped 12%!
It’s good news for both buyers and sellers because…buyers want to purchase in an area where home values are going up (not down); and sellers want to continue to gain equity in their homes. I expect 2016 to be a strong year for Armour Hills homes sales as well. If you are thinking of buying or selling this year…contact me for an even more detailed analysis of our neighborhood home sales (firstname.lastname@example.org).