Sometimes I wonder if readers are getting tired of me reporting every month that home sales are UP in Brookside! Oh, not really,....it’s even good news for buyers. Yes, you may be paying a bit more than two years ago but as a homeowner, you want to feel confident you are making a good investment!
For Armour Hills, the average sales price is way up for the month of July. Here are the details:
In July 2013, nine homes sold. Average list price was $296,517 and average sales price was $292,000. Average days on market was 20.
In July 2012, nine homes sold at an average price of $224,111 and 53 days on the market.
As you can see, that's quite a jump in the average sales price! Almost $72,000! Here’s why: in July, three sales closed with sales prices over $300,000, including one $410,000 sale. Prices over $300K are not the norm for our neighborhood. Also note, the average days on market way down--less than three weeks from list to contract!
Now let’s compare to year-to-date figures:
From Jan-July 2013, 49 homes have sold at an average price of $263,011 and 66 days on market.
From Jan-July 2012, 44 homes sold at an average price of $220,406 and 89 days on market.
As of this writing, there are 22 homes for sale in Armour Hills, with an average list price of $252,361 and 60 days on market.
Sales prices are up, number of units sold is up, and days on market is lower than last year. This has been a consistent trend since the beginning of the year. Armour Hills should finish up 2013 as the strongest for home sales in the past few years!
(All figures taken from Heartland MLS and deemed reliable but not guaranteed).
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