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 years, the median sales price exceeded the list price! Also of note--homes went under contract within a few days. Below are year end comparisons:
Median list price: $314,723 Median list price: $272,500
Median sales price: $312,250 Median sales price: $272,500
No. of homes sold: 92 No. of homes sold: 96
Days on market: 7 Days on market: 25
In Armour Hills, the median sales price jumped up 14.9% in one year! That's better than the entire Brookside area (using zip 64113), which increased 5.6% in 2017 compared to 2016. Note also that new listings went under contract in about a week. The lowest Armour Hills sales price last year was $168,500 and the highest was $450,000. I think home sales will continue to be strong for Armour Hills in 2018.
Currently there are three homes for sale in Armour Hills, with a median list price of $498,500 and 37 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)