Current Residential Lot Market

Hot Springs Village, Arkansas

June 1, 2009

 

 

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

 

There are currently 1074 lots (down 58 units) on the market with prices ranging from $750 to $329,900.

The average number of days on the market is 344.

There are 170 lots listed at less than $5,000, 335 lots listed at less than $8,000, 439 lots listed at less than $10,000 and 599 lots listed at less than $15,000.  These numbers of lots are down in all four categories.

There are 60 lake-front and lake view lots (down 6 unit) with an average asking price of $111,025 (up 2.2%),

208 golf course frontage lots (up 13 units) with an average asking price of $44,728 (up about 3.6%),

97 mountain-view lots (down 7 units) with an average asking price of $39,996, (up 4.2%),

and 720 interior wooded lots with an median asking price of $8,900 (unchanged).

 

Lots sold and closed from April 1, 2009 through May 31, 2009

 

There have been 22 lots sold (up 4 units) in this time period ranging in sales price from $1,000 to $77,000 and a median sold price of $6,250.  The average number of days on the market before being sold was 114. 

There was 1 lake lot sold in the last 60 days with a sold price of $77,000,

3 golf course frontage lot sold with an average sold price of $18,166,

no mountain view lot sold and  

18 interior wooded lots sold with an average sold price of $9,866.

 

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

 

There had been 48 lots sold in this time period ranging in sails price from $1,250 to $76,000 and a median sold price of $11,450.  The average number of days on the market before being sold was 214. 

There was 1 lake lots sold with a sold price of $34,000,

6 golf course frontage lots sold with an average sold price of $31,925,

5 mountain view lots sold with an average sold price of $28,580 and

36 interior wooded lots sold with an average sold price of $10,924.