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.)
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