Current Residential Lot Market

Hot Springs Village, Arkansas

June 1, 2008

 

 

Today’s market – as indicated by Central Arkansas Multiple Listing Service June 1, 2008.

There are currently 1465 lots on the market with prices ranging from $2,800 to $279,000.

The average number of days on the market is 327.

There are 223 lots listed at less than $8,000, 426 lots listed at less than $10,000 and 772 lots listed at less than $15,000.  These numbers are nearly unchanged from last month.

There are 87 lake-front and lake view lots with an average asking price of $86,351,

239 golf course frontage lots (up significantly) with an average asking price of $46,188; (down just over 4.9%),

123 mountain-view lots with an average asking price of $34,559, (up just over 6%),

and 997 interior wooded lots (down slightly) with an median asking price of $12,285 (up about 7%).

 

Lots sold and closed from April 1 through May 31, 2008.

There have been 43 lots sold in this time period ranging in sales price from $2,000 to $76,000 and a median sold price of $12,250 (nearly unchanged).  The average number of days on the market before being sold was 199. 

There were 0 lake lots sold in the last 60 days,

4 golf course frontage lots sold with an average sold price of $30,887 (down 16.5%),

3 mountain view lots sold with an average sold price of $17,300 (down 1.7%) and

35 interior wooded lots sold with an average sold price of $11,266 (up 22%).

 

Lots sold and closed from April 1 though May 31, 2007

There have been 85 lots sold in this time period ranging in sails price from $3,500 to $255,000 and a median sold price of $29,411.  The average number of days on the market before being sold was 168. 

There were 6 lake lots sold with an average sold price of $111,433,

19 golf course frontage lots sold with an average sold price of $43,336,

10 mountain view lots sold with an average sold price of $38,189 and

52 interior wooded lots sold with an average sold price of $13,657.