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.)

 

 

 

 

 

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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 Home Sales Report-March 2018

Home prices in Armour Hills are lower than what they were last year at this time–could the demand for this desirable Brookside neighborhood be slowing down?  I don’t think so–it’s too early in the year to make a definitive judgement.  Here are the stats, with YTD comparison as well:

March 2018                                                        March 2017

Median list price:   $269,500                          Median list price:     $325,000

Median sales price:  $265,000                        Median sales price:   $325,000

No. of homes sold:      4                                    No. of homes sold:     5

Days on market:         33                                   Days on market:        6

You can see the  median sales price is much lower than last year.  One of the reasons the days on market is longer is one particular home in Armour Hills that has been for sale several weeks now.

Here are year-to-date figures:

Jan-March 2018                                                 Jan-March 2017

Median list price:     $279,950                         Median list price:      $320,000

Median sales price:  $275,000                         Median sales price:   $318,500

No. of homes sold:     13                                   No. of homes sold:       12

Days on market:         7                                     Days on market:          22

Currently there are 5 active listings in Armour Hills, with a median price of $457,000 and 41 days on market.

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

 

 

Armour Hills Home Sales Stats-Feb 2018

The numbers for these stats are …very unusual !  I double checked all of the figures.  You’ll see the numbers prices are identical–what are the chances of that?  Here are the February and YTD figures for the Armour Hills subdivision in Brookside:

February 2018                                                                  February 2017

Median list price:     $299,000                                      Median list price:     $314,500

Median sales price:  $299,000                                     Median sales price:   $314,500

No. of homes sold:         5                                              No. of homes sold:        5

Days on market:            5                                               Days on market:            38

Last month, three of the five homes sold at or over list price.  It’s definitely a sellers’ market in Armour Hills.  Here are year-to-date figures:

Jan-Feb 2018                                                              Jan-Feb 2017

Median list price:    $299,000                                 Median list price:       $314,500

Median sales price:  $299,000                               Median sales price:     $314,500

No. of homes sold:    9                                            No. of homes sold:       9

Days on market:        5                                            Days on market:          36

For some fluke reason, the median list and sales prices are exactly the same each month comparing the dates.  That’s consistency!

Currently there are seven homes for sale in Armour Hills, with a median price of $348,000 and 12 days on market.

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

 

Armour Hills Home Sales Stats-Jan 2018

As I write this blog, I am looking ahead wondering if Armour Hills will again be one of the most desirable neighborhoods for buyers in 2018. Last year the average days on market for a new listing in Armour Hills was just 7, and median home prices increased 14.9% over 2016. Those numbers say a lot about how strong this neighborhood is.

Let’s take a look at the stats for last month:

January 2018                                                                  January 2017

Median list price:     $289,975                                      Median list price:      $329,475

Median sales price:  $284,500                                      Median sales price:   $327,500

Days on market:            5                                                Days on market:            18

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

Although the median home sales price was much lower than 2017, that reflects the fact  lower prices homes sold last month.  Still, three of the four homes that sold were at or above list price. The highest sales price was $340,000 and the lowest was $185,000.  I believe Armour Hills will again be a strong destination for home buyers this year.

Currently there are five active listings in Armour Hills, with a median price of $345,000 and 71 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:

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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.)