Armour Hills April 2016 Home Sales Report

Brookside homes continue to sell quickly this spring, and the Armour Hills subdivision is no exception. New listings go under contract almost immediately.  Here are the April 2016 home sales stats for Armour Hills:

April   2016:                                                               April  2015:

Median list price:      $319,900                              Median list price:       $270,000

Median sales price:  $319,900                              Median sales price:    $267,250

Number of homes sold:  7                                     Number of homes sold:  6

Days on market:             4                                        Days on market:             24

You can see the big jump in median price:  five of the seven homes sold last month were at or above the list price.

Checking year to date figures:

2016, Jan-April:                                                         2015, Jan-April:

Median list price:      $259,750                              Median list price:      $265,000

Median sales price:  $258,500                              Median sales price:  $265,000

Number of homes sold:  18                                   Number of homes sold: 23

Although the stats are showing prices are lower than last year at the same time, no cause for alarm.  Prices in Armour Hills can vary from the low $200s to well over $400K.  Overall, demand is very strong and sellers are getting top dollar for well maintained, updated homes.

Currently there are 3 homes for sale in Armour Hills, with a median list price of $279,900 and seven days on market.

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

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