Desireable Armour Hills is one of the largest subdivisions in the Brookside area, so I have decided to report each month on the home sales stats in my blog.  There are over 900 homes in Armour Hills, and as a resident myself, I like to track sales here.  Average sales prices have declined, still, there is always plenty of interest from buyers looking for homes.

In September 2009, two homes sold (that is, they 'closed') with an average price of $208,250.  By comparison, six homes closed in August 2009, with an average price of $231,671.

There are nine homes in Armour Hills that are pending (meaning, waiting to close) or on back-up status (meaning there is a contract on the home and the buyers are conducting inspections).  The average price of these homes is $287,272.

As of today, there are 27 homes for sale in Armour Hills, with an average price of $242,272. 

These stats reinforce the trend we've seen all year:  first time buyers are the majority of the market (as they buy the lower priced homes; the abundance of inventory pushes prices down; higher priced homes sit on the market longer; there are plenty of homes for buyers to chose from.

If you are a resident of Armour Hills, or are thinking of becoming one, email me for more detailed statistics of this market.  Comments welcome--thanks for reading my blog! maryhutchison.org