Hot Springs Village, Arkansas

Current Residential Lot Market

August 1, 2010

 

Today’s market as indicated by Central Arkansas Multiple Listing Service

 

There are currently 857 lots (down 22 units) on the market with prices ranging from $1 to $369,500.

The average number of days on the market is 368.

There are 127 lots listed at less than $5,000, 235 lots listed at less than $8,000, 314 lots listed at less than $10,000 and 419 lots listed at less than $15,000.  These numbers of lots are up slightly.

There are 55 lakefront and lake view lots (down 13 units) with an average asking price of $113,092 (up 19.8%),

214 golf course frontage lots (down 26 units) with an average asking price of $40,882 (down 2.9%),

73 mountain-view lots (down 27 units) with an average asking price of $35,431 (down 14.8%),

and 467 interior wooded lots with an median asking price of $8,000 (down 15.8%).

 

Lots sold and closed from June 1, 2010 through July 31, 2010

 

There have been 19 lots sold (up 1 units) in this time period ranging in sales price from $300 to $75,000 and a median sold price of $5,000.  The average number of days on the market before being sold was 187. 

There were 3 lake lots sold in the last 60 days for an average sold price of $53,333,

5 golf course frontage lots sold with an average sold price of $11,880,

no mountain-view lot sold in the last 60 days; and 

11 interior wooded lots sold with an average sold price of $4,288.

 

Lots sold and closed from June 1, 2009 through July 31, 2009

 

There had been 28 lots sold in this time period ranging in sales price from $1 to $65,000 with a median sold price of $5,750.  The average number of days on the market before being sold was 184. 

There was 1 lake lot sold with a sold price of $65,000,

7 golf course frontage lots sold with an average sold price of $33,700,

2 mountain-view lots sold for an average sold price of $33,000 and

18 interior wooded lots sold with an average sold price of $4,623.