Armour Hills (Brookside, Kansas City MO) December 2011 Sales Stats

Hello fellow Armour Hills residents...here is the monthly home sales report for December, 2011, with comments at the end:

Five homes sold in December 2011. Average list price was $170,128; average sales price was $162,190. Average days on market: 92.

Comparing to December 2010:
Eight homes sold in December 2010. Average list price was $233,075; average sales price was $228,125. Average days on market: 123.

Yes, that is a drastic drop in the average sales price of an Armour Hills home. However, keep in mind that in December 2011, four homes that sold were priced under $200K--one foreclosure, one short sale, and two homes that needed a total rehab. The average days on market was actually shorter in 2011.

I will post a 2010-2011 (full year) comparison in a future blog. Don't be discouraged, Armour Hills is still a very desirable location for buyers!
Note: All statistics taken from Heartland MLS; deemed reliable but not guaranteed.