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.)      

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Armour Hills Feb 2017 Home Sales Stats

Not a lot of activity in Armour Hills in February regarding number of sold homes–however, that is normal as the first couple of months of the year are not popular times to list  due to traditionally cold weather.  Still, there was an increase in median sales price!  Let’s look at the February 2017 home sales for Armour Hills, and a comparison to last year.

Feb 2017                                                 

Median list price:      $314,500                          

Median sales price:  $314,500                          

Number of homes sold:  5                                 

Feb 2016        

Median list price:       $249,500

Median sales price:   $247,000     

Number of homes sold:  3    

That’s quite a jump in the median price for one year–however, larger and more expensive homes closed this year as compared to last.  Note that sellers are getting virtually their asking price.                   

Now let’s look at year to date:

Jan-Feb 2017                                                   

Median list price:      $314,500                                    

Median sales price:  $314,500                         

Number of homes sold:  9                                 

Days on market:             36

The lowest sales price so far this year $205,000 and the highest was $440,000.

Jan-Feb 2016

Median list price:        $249,950

Median sales price:    $252,500

Number of homes sold: 5

Days on market:            50

We are off to a good start this year–prices are up, and more homes are selling!  Currently in Armour Hills there are five active listings with a median price of $312,000 and five days on market.      

                               

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

Armour Hills Home Sales Stats – Oct 2016

Is Armour Hills the hot neighborhood for Brookside buyers this year?  Seems that way, as once again the median sales price is over the list price!  Because I live in Armour Hills, I can tell you buyers are very attracted to the area because of the central location to the Brookside shops, convenient Metro bus service, the revitalized park in the center of the ‘hood, easy access to the Trolley Track Trail  and the wide range of prices.  Here are the numbers:

October 2016

Ten homes sold. Median list price was $294,974. Median sales price was $304,999, with 34 days on market. Seven of the ten homes sold at or above asking price, with one home closing at $25,500 over the list price.

October 2015

Five homes sold. Median list and sales  price was $249,000 with 8 days on market.

Comparing year-to-date:

January-October 2016

71 homes sold, median list price $275,000 and median sales price $274,500 with 29 days on market.

January-October 2015

69 homes sold, median list and sales price was $265,000 with 32 days on market.

Median sales prices are up 3.5% over 2015.  Right now there are four homes for sale in Armour Hills, with a median list price of $309,975 and 49 days on  market. Price range is $208,888-$464,900.

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

Armour Hills Home Sales Stats – Aug 2016

Checking home sales for Armour Hills August 2016…a drop in prices compared to last year.  However, year to date– home values continue to rise.  Here are the stats with commentary!

August   2016:                                                          August  2015:  

Median list price:      $250,000                            Median list price:        $277,500

Median sales price:  $242,000                            Median sales price:    $280,000

Number of homes sold:  7                                   Number of homes sold: 4

Days on market:             47                                 Days on market:           11

You can see median sales price for last month was considerably lower than August 2015.  However, in August 2016, all homes but one sold under $280K. In August 2015, fewer homes sold but at a higher median price.  

Checking year to date figures:

2016, Jan-August:                                                           2015, Jan-August:

Median list price:      $269,700                              Median list price:      $267,450                      

Median sales price:  $268,500                              Median sales price:  $266,750

Number of homes sold:  54                                   Number of homes sold: 60

Days on market:             13                                      Days on market:            29

Homes in Armour Hills are selling faster this year, and for more money.  

Currently there are 5 homes for sale in Armour Hills, with a median list price of $319,000  and 11 days on market.

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

Armour Hills Home Sales Stats – Nov 2015

Good morning neighbors!  Are you in the thick of holiday hoopla?  Just imagine moving during this hectic season!  We had a few homes close last month in Armour Hills, and prices continue to rise.  Here are the details for  single family home sales In Armour Hills in November 2015:

In November 2015, four  homes sold with a median list price of $274,950 and a sales price of $276,000 with 70 days on market.    Interestingly, three of the four homes sold were on East Winthrope.

In November 2014, six  homes sold with a median list price of $264,950 and a median sales price of $259,500 with 67 days on the market.

You will notice that the median sales price was higher than the list price–that is because one of the homes probably had closing costs added to the list price.  The other homes sold very close to list price.

Checking year-to-date figures:

From January through November 2015, 73 homes have sold with a median list and sales price of $265,000 with 34 days on market.

From January through November 2014, 61 homes sold with a median list and sales price of $239,950 and sales price of $239,950 with 31 days on market.

It is unusual to have the list and sales price be the same figure.  However, buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.

So far this year median sales prices are up over 10% compared to 2014 for Armour Hills.  Next month I will have the usual December figures as well as a year to date comparison for the past few years.  Currently there are 5 homes for sale, with a median list price of $249,500 and 88 days on market.

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

Armour Hills Home Sales Report Oct 2015

Autumn is the prettiest season in Armour Hills…soon all the colorful  leaves will be gone, and we’ll see naked sticks outlining the sky. I  also think the trees look the brightest when the skies are a dull gray color. We have a few new households arrive in our neighborhood last month…welcome!    Here are details for  single family home sales In Armour Hills as of last month:

In October  2015, four  homes sold with a median list price of $244,475 and a sales price of $243,000 with 23 days on market.    

In October 2014, six  homes sold with a median list price of $231,950 and a median sales price of $219,750 with 30 days on the market.  

Prices are up compared to last October, and sellers are getting very close to the list price for their homes.  

Checking year-to-date figures:

From January through October 2015, 69 homes have sold with a median list price of $265,000 and a median sales price of $265,000 with 32 days on market.  

From January through October 2014, 55 homes sold with a median list price of $239,950 and sales price of $239,950 with 28 days on market.

Did you notice the median list price and sales price are the same figure for both?? Buyers are paying top dollar to move into Armour Hills..when the property is priced correctly.    

As you can see, we are still way ahead as far as number of homes sold and median sales price compared to 2014.  Currently there are five homes for sale, with a median list price of $229,000  and 97 days on market.  

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