Armour Hills July 2016 Home Sales Stats

Home buyers continue to see Armour Hills as a desireable place to purchase a home…the trend continues of buyers paying more than the asking price to purchase in this Brookside neighborhood. Here are the home sales stats for June 2016:  

July  2016                                                                   July  2015  

Median list price:      $254,500                            Median list price:        $274,900

Median sales price:  $256,000                            Median sales price:    $270,025

Number of homes sold:  8                                   Number of homes sold: 12

Days on market:             5                                    Days on market:           42

Of the eight homes that closed last month, five sold at or above list price. One home sold for $25,000 over the asking price!

Checking year to date figures:

2016, Jan-July                                                            2015, Jan-July

Median list price:      $275,000                              Median list price:      $265,000                      

Median sales price:  $274,500                              Median sales price:  $265,000

Number of homes sold:  47                                   Number of homes sold: 57

Days on market:             16                                   Days on market:            33

Although the median price is lower than July 2015, pay attention to the year-to-date figure:  prices are running 3.8% higher in 2016 and spending fewer days on market. Less homes for purchase means prices go up.

Currently there are just 4 homes for sale in Armour Hills, with a median list price of $225,000   and 12 days on market.

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

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