![](3D"February_2008_files/image293.gif")
|
Current Residentia= l Lot Market Hot Springs Villag= e, Arkansas February 1, 2008
Today’s Market –
&middo= t; As indicated by Central Arkansas Multiple Listing Service= February 1, 2008 there are currently 1500 lots on the resale market with p= rices ranging from $2,975 to $298,888. o The average number of days on the market is 327.
o 315 lots listed at less than $8,00=
0 (up 39%) o 433 lots listed at less than $10,0=
00 750 lots listed at less than $15,000. These numbers show a downward t=
rend in asking price of allots and particularly in lower priced lots. &middo=
t; There are 86 lake-front and lake view lots with an averag=
e asking price of $98,080 (down more than 2%). &middo=
t; 183 golf course frontage lots with=
an average asking price of $53,464 (up slightly) &middo=
t; 110 mountain view lots with an ave=
rage asking price of $35,088 (down slightly) 1145 interior wooded lots with an average asking price o=
f $12,500 (down about 16%). Recent Sale Statistics – &middo=
t; There are been 57 lots sold in the last 60 days (down 24%=
) ranging in sales price from $2,550 to $97,000 and a median sold pri=
ce of $12,500 (down 22%). o The average number of days on the market before being sol=
d was 173 o 6 lake lots sold with an average s=
old price of $83,583 o 9 golf course frontage lots sold w=
ith an average sold price of $42,766 (up slightly) o 4 mountain view lots sold with an =
average sold price of $20,425 (down nearly 53%) 36 interior wooded lots sold with an average sold price =
of $11,712 |
![](3D"February_2008_files/image309.jpg")
<=
![endif]>