Armour Hills May 2018 Home Sales Report

Armour Hills continues to be one of the most desirable neighborhoods for Brookside home buyers.  Most homes are under contract within a few days of listing.  And many homes sell for over the asking price.  Let’s look at the specific stats:

May 2018                                                                     May 2017

Median list price:     $325,000                               Median list price:     $325,000    

Median sales price:   $320,000                             Median sales price:   $327,500

No. of homes sold:         7                                       No. of homes sold:     17

Days on market:           2                                         Days on market:         3

Although the median sales price was lower last month–buyers are still snapping up new listings within a couple of days.  Here are year-to-date numbers:

Jan-May 2018                                                         Jan-May 2017

Median list price:     $306,0000                        Median list price:         $320,000     

 Median sales price:   $309,500                        Median sales price:      $322,500

No. of homes sold:     28                                    No. of homes sold:        37

Days on market:        6                                       Days on market:           4

Although YTD prices are running behind 2017, homes are still selling fast and generally, for over asking price. The highest sale in Armour Hills so far this year was $465,000 and the lowest was $180,000.  Currently there are 9 homes for sale in Armour Hills, with a median list price of $339,000 and 27 days on market.

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

 

 

 

 

 

Advertisements

Armour Hills Home Sales Report-April 2018

Interesting home sales stats for the Armour Hills subdivision last month, and year to date comparisons.  Armour Hills remains a very popular area for homebuyers, due to it’s charming 1920s homes, various price range and styles and location near Brookside and Waldo shops.  First let’s look at the monthly figures:

April 2018                                                           April 2017

Median list price:     $318,500                         Median list price:     $299,950

Median sales price:  $339,500                         Median sales price:  $310,000

No. of homes sold:       8                                  No. of homes sold:      6

Days on market:           6                                  Days on market:        13

Both months show final sales price over list price, and homes going under contract in less than two weeks.  Last month, five homes sold over asking price; one was $38K over and another was $31K over…almost unbelievable, but I see this same thing happening in other parts of the metro area. Compared to April 2017, prices are up 9.5%.

Jan-April 2018                                                               Jan-April 2017

Median list price:     $300,000                                    Median list price:    $314,750

Median sales price:  $300,000                                    Median sales price;  $312,250

No. of homes sold:       21                                           No. of homes sold:     20

Days on market:          7                                              Days on market:         16

Year to date, prices are down just under 4%.  However, note that so far this year, homeowners are getting asking price or over, for the most part.  It’s definitely a strong market favoring sellers. Currently there are 8 homes listed in Armour Hills, with a median price of $342,000 and 31 days on market.

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

Armour Hills 2017 Home Sales Recap

In one of my blog posts last year, I stated that Armour Hills could be the hottest Brookside neighborhood, based on home buyer demand and prices.  I think the year end stats back up that claim!  First let’s take a look at December home sales stats for the Armour Hills subdivision:

December 2017                                                             December 2016

Median list price:       $269,950                                   Median list price:      $277,500

Median sales price:    $279,000                                  Median sales price:   $281,500

No. of homes sold:         4                                            No. of homes sold:        8

Days on market:             3                                             Days on market:           42

In both months, the median sales price exceeded the list price!  Also of note–homes went under contract within just a few days in 2017.  Below are year end comparisons:

Continue reading

Armour Hills Nov 2017 Home Sales Stats

Armour Hills in Brookside continues to be a desirable destination for home buyers–that is one reason prices continue to rise.  Looking at the year to date stats for this neighborhood shows a large increase in values compared to 2016.  It will be interesting to see what the final 2017 numbers show.  First — here’s the November figures:

November 2017

Median list price:     $346,000

Median sales price:  $341,250

No. of homes sold:       4

Days on market:         27

November 2016

Median list price:     $260,000

Median sales price:  $260,000

No. of homes sold:     9

Days on market:       35

Fewer homes sold last month, however the ones that did close were higher priced than a year ago.  The lowest sales price in November 2017 was $202,000 and the highest was $405,000.  Checking year to date figures:

Jan-Nov 2017

Median list price:     $317,250

Median sales price:  $314,250

No. of homes sold:      88

Days on market:          9

Jan-Nov 2016

Median list price:     $275,000

Median sales price:  $274,500

No. of homes sold:      82

Days on market:         27

Home prices in Armour Hills are up over 14% year to date!  Currently there are 6 active listings, with a median price of $310,950 and 46 days on market.

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

Armour Hills Home Sales Report – Sept 2017

Armour Hills continues to be one of the hottest neighborhoods in Brookside for buyers–many sellers who have maintained and updated their homes through the years are  experiencing multiple offers and quickly getting the homes under contract.  Here is the September 2017 home sales report for the Armour Hills subdivision in Brookside:

September 2017

Median List Price:      $311,225

Median Sales Price:    $313,250

No. of Homes Sold:          6

Days on Market:               3

The lowest closed price was $195,000 and the highest was $415,000–that was $16K over the list price of $399,000.  Every sale except one sold at or over asking price. 

September 2016

Median List Price:     $244,950

Median Sales Price:   $247,500

No. of Homes Sold:       6

Days on Market:           39

Here are year-to-date comparisons:

January-September 2017

Median List Price:     $314,750

Median Sales Price:   $313,250

No. of Homes Sold:       76

Days on Market:            7

January – September 2016

Median List Price:     $269,700

Median Sales Price:   $268,500

No. of Homes Sold:       62

Days on Market:           25

Technically these figures show a median sales price increase of 16% compared to last year–however I don’t think the year end figure will be that high.  Currently there are six homes listed in Armour Hills, with a median list price of $317,000 and 32 days on  market.

 

Armour Hills July 2017 Home Sales Report

Armour Hills in Brookside — a hot location for homebuyers this year!  Prices have really jumped up from one year ago.  Here are the July 2017 home sales for Armour Hills, and a comparison to last year.

July 2017                                              

Median list price:      $335,000                          

Median sales price:  $335,000                          

Number of homes sold:  6  

Days on market:               5                   

July 2016        

Median list price:       $254,500

Median sales price:   $256,000     

Number of homes sold:   8  

Days on market:                5

The lowest sales price in July  2017 was $249,900 and the highest was $397,500.      

Now let’s look at year to date:

Jan- July 2017                                

Median list price:      $320,000

Median sales price:  $322,500

Number of homes sold:  59

Days on market:              7                           

Jan- July 2016

Median list price:        $275,000

Median sales price:     $274,500

Number of homes sold:  47

Days on market:               11

Home prices are up 17% YTD!  It will be interesting to see what the numbers are for 2017 as a whole. I don’t think year end stats will be quite that high.  However, note that most homes are selling at list price or over.   Currently in Armour Hills there are five active listings with a median price of $385,000 and 41 days on market.       

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

Armour Hills Home Sales Report-Nov 2016

Even during the traditionally slower Fall home buying season…Armour Hills continues to be a hot  area for homebuyers.  Prices continue to rise compared to 2015.    Let’s look at the numbers:

Nov  2016:                                                          Nov  2015:

Median list price:      $260,000                     Median list price:        $274,950

Median sales price:  $260,000                      Median sales price:    $276,000

Number of homes sold:  9                               Number of homes sold:   4

Days on market:             35                                 Days on market:              70

Although median price was lower than last November, five of the homes sold at list price or over list price.

Checking year to date figures:

2016, Jan-Nov:                                                          2015, Jan-Nov:

Median list price:      $272,500                              Median list price:      $265,000

Median sales price:  $272,500                              Median sales price:  $265,000

Number of homes sold:  80                                   Number of homes sold: 73

Days on market:             30                                      Days on market:            34

Prices are up, and more homes are selling.  So far, the lowest sale in Armour Hills this year is $176,000 and the highest is $499,000.  Next month I will report 2016 year end results as well as December stats.

Currently there are 4 homes for sale in Armour Hills, with a median list price of $280,000  and 77 days on market.

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