Current Home Market

Hot Springs Village, Arkansas

February 2, 2009

 

 

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

 

  • There are currently 300 detached homes on the market (down 13 units) with prices ranging from $74,500 to $995,000.  There are 15 detached homes currently listed at less than $100,000, 60 homes listed at less than $150,000 and 122 homes listed at less than $200,000.  These numbers are nearly unchanged from last month. The average number of days on the market is 190.

 

    • There are currently 47 detached lake-front and lake view homes with an asking prices ranging from $242,900 to $995,000 and an average asking price of $496,255 (down about 1.4%).

 

    • 81 detached golf course frontage homes with asking prices ranging from $119,500 to $769,500 and an average asking price of $321,503 (down about 4.0%).

 

    • 18 detached mountain-view homes with asking prices ranging from $134,900 to $554,900 and an average asking price of $340,155 (up 2.7%).

 

    • 157 detached homes on interior wooded lots with asking prices ranging from $74,900 to $364,500 and an average asking price of $181,769 (up 1.0%).

 

 

  • There are 65 townhomes and patio homes on the market with asking prices ranging from $65,900 to $379,500 and an average asking price of $155,859 (down 2.5%).

 

    • There are 16 lake front and lake view townhouses with asking prices ranging from $78,500 to $379,500 and an average asking price of $219,490 (up about 1.2%).

 

    • 6 golf and golf view townhouses ranging in asking price from $79,900,000 to $378,000 with an average asking price of $284,056 (down 7.1%).

 

    • 43 townhouses on wooded interior lots with asking prices ranging from $65,900 to $327,500 and average asking price of $116,525 (down 5.1%).

 

 

  • There are currently 39 homes on the market that are new construction or homes still under construction.  The asking prices of these homes range from $158,500 to $899,000 with an average asking price of $317,717 (up 5.2%).

 

 

Home sales in the last six months

(August 1, 2008 through January 31, 2009)

 

  • There were 145 detached homes sold in the last 6 months ranging in sales price from $65,000 to $960,000 and with a median sold price of $240,969 (up 0.9%).  The average number of days on the market before being sold was 125. 

 

    • 15 detached lake homes sold with sale prices ranging from $278,000 to $960,000 and an average sold price of $398,057 (up 1.0%).

 

    • 22 detached golf course frontage homes sold with sale prices ranging from $140,000 to $500,000 and an average sold price of $314,503 (up 3.9%)

 

    • 14 mountain-view homes sold with sale prices ranging from $153,000 to $960,000 and an average sold price of $327,392 (up 0.3%).

 

    • 95 homes on interior wooded lots sold with sale prices ranging from $65,000 to $529,900 and an average sold price of $196,465 (up 3.2%).

 

 

  • There were 21 townhomes and patio homes sold or under contract in the last six months with sold prices ranging from $65,000 to $263,000 and an average sold price of $131,167 (down 5.2%).

 

    • 6 lake front or lake view townhomes and patio homes sold with sold prices ranging from $78,000 to $205,000 and average sold price of $152,603 (up 6.5%).

 

    • 2 golf front or golf view townhomes and patio homes sold with sold prices ranging from $85,000 to $178,000 with an average sold price of $131,500 (down 18.7%).

 

    • 13 townhomes and patio homes on interior wooded lots with sold prices ranging from $65,900 to $263,000 and an average sold price of $121,223 (down 6.4%).

 

 

  • There were 40 new construction homes sold in the last 6 months with sold prices ranging from $169,000 to $538,965 and an average sold price of $301,092 (up 1.7%).

 

 

 

 

 

Home sales in the same six months of last year

(August 1, 2007 through January 31, 2008)

 

  • There were 251 detached homes sold in this time period ranging in sales price from $40,000 to $1,000,000 and with a median sold price of $245,275.

 

    • There were 40 detached lake homes sold with sale prices ranging from $191,500 to $1,000,000 and an average sold price of $422,650

 

    • 46 detached golf course frontage homes sold with sale prices ranging from $118,000 to $472,589 and an average sold price of $282,676

 

    • 10 mountain-view homes sold with sale prices ranging from $213,500 to $509,000 and an average sold price of $278,322.

 

    • 146 homes on interior wooded lots sold with sale prices ranging from $40,000 to $520,000 and an average sold price of $185,232.

 

 

  • There were 40 townhouses and patio homes sold in this time period with sold prices ranging from $57,500 to $299,000 and an average sold price of $135,120.

 

    • There were 9 lake front or lake view townhouses and patio homes sold with sold prices ranging from $89,000 to $279,000 and average sold price of $177,711.

 

    • 3 golf front or golf view townhomes and patio homes sold with sold prices ranging from $74,500 to $299,000 and average sold price of $167,833.

 

    • 28 townhouses and patio homes on interior wooded lots with sold prices ranging from $57,500 to $262,000 and an average sold price of $117,925.

 

There were 61 new construction homes sold in this time period with sold prices ranging from $114,000 to $509,000 and an average sold price of $284,754.

 

 

Report prepared and presented by: