Current Residential Lot Market

Hot Springs Village, Arkansas

September 1, 2008

 

 

As indicated by Central Arkansas Multiple Listing Service September  1, 2008.

 

-           There are currently 1273 lots (down 2%) on the market with prices ranging from $2,800 to $305,000.

 

-           The average number of days on the market is 311.

 

-           There are 214 lots listed at less than $8,000, 422 lots listed at less than $10,000 and 663 lots listed at less than $15,000.  These numbers are nearly unchanged from last month.

 

-           There are 60 lake-front and lake view lots with an average asking price of $117,555 (up about 14%),

 

-           218 golf course frontage lots (up slightly) with an average asking price of $48,090; (down about 4%),

 

-           112 mountain-view lots with an average asking price of $31,928, (down slightly),

 

-           and 881 interior wooded lots with an median asking price of $10,500 (down 32%).

 

Lots sold and closed from July 1 through August 31, 2008.

 

There have been…

 

-         35 lots sold (up 2 units) in this time period ranging in sales price from $1,350 to $110,500 and a median sold price of $7,500.  The average number of days on the market before being sold was 198. 

 

-           There was 1 lake lots sold in the last 60 days with an average sales price of $110,500,

 

-           3 golf course frontage lots sold with an average sold price of $48,333,

 

-           4 mountain view lots sold with an average sold price of $39,150 and

 

-           28 interior wooded lots sold with an average sold price of $7,785.

 

Lots sold and closed from July 1 though August 31, 2007

 

There had been 64 lots sold in this time period ranging in sails price from $2,000 to $217,000 and a median sold price of $12,000.  The average number of days on the market before being sold was 170. 

 

-           There were 3 lake lots sold with an average sold price of $115,133,

 

-           16 golf course frontage lots sold with an average sold price of $41,181,

 

-           4 mountain view lots sold with an average sold price of $28,375 and

 

-           37 interior wooded lots sold with an average sold price of $9,440.