Armour Hills May 2016 Home Sales Stats

Armour Hills….one of the best subdivisions in Brookside!  Of course, I am a bit partial because I live in Armour Hills.  However, check out these home sales stats for May 2016–buyers are snapping up homes here in a hot market that favors sellers:

May   2016:                                                           May   2015:

Median list price:      $289,900                      Median list price:        $256,900

Median sales price:  $291,000                       Median sales price:    $262,000

Number of homes sold:  9                               Number of homes sold: 11

Days on market:            33                                  Days on market:             36

That’s correct, many of the homes sold for over the list price!  (one home sold for $8000 over asking price).  Out of the nine homes that sold last month, five sold over the list price, two right at asking price.

Checking year to date figures:

2016, Jan-May:                                                          2015, Jan-May:

Median list price:      $269,000                              Median list price:      $260,000

Median sales price:  $267,000                              Median sales price:  $262,000

Number of homes sold:  27                                   Number of homes sold: 35

Although fewer homes are selling…that is due to lack of inventory.  There is plenty of demand.  Currently there are 4 homes for sale in Armour Hills, with a median list price of $284,925 and seventeen days on market.

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

 

 

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