Current Home Market

Hot Springs Village, Arkansas

February 1 2010

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

There are currently 344 detached homes on the market (up 12 units) with prices ranging from $59,900 to $1,550,000.

The average number of days on the market is 191.

There are 18 detached homes currently listed at less than $100,000, 77 homes listed at less than $150,000 and 144 homes listed at less than $200,000. These numbers are nearly unchanged from last month.

There are currently 64 detached lake front and lake view homes with an asking prices ranging from $134,900 to $1,550,000 and an average asking price of $469,869 (down about 1.5%);

83 detached golf course frontage homes with asking prices ranging from $135,900 to $699,500 and an average asking price of $313,409 (down about 0.3%);

27 detached mountain view homes with asking prices ranging from $98,500 to $729,000 and an average asking price of $340,811 (down 3.8%);

175 detached homes on interior wooded lots with asking prices ranging from $59,900 to $439,000 and an average asking price of $176,151 (up 0.5%).

There are 70 townhouses and patio homes on the market with asking prices ranging from $54,500 to $349,900 and an average asking price of $132,467 (up 3.5%).

There are 12 lake front and lake view townhouses with asking prices ranging from $74,900 to $259,500 and an average asking price of $193,073 (up 6.8%);

6 golf and golf view townhouses ranging in asking price from $69,900 to $349,900 with an average asking price of $178,616 (down 6.1%);

52 townhouses on wooded interior lots with asking prices ranging from $54,900 to $279,000 and average asking price of $112,731 (up 2.7% ).

There are currently 35 (up 7 units) homes on the market that are new construction or homes still under construction. The asking prices of these homes range from $149,900 to $799,900 with an average asking price of $280,094 (down 3.3%)

Home sales in the last six months

(August 1, 2009 through January 31, 2010)

There were 156 detached homes sold in the last 6 months ranging in sales price from $45,000 to $525,000 and with a median sold price of $164,750 (down 3.0%). The average number of days on the market before being sold was 120.

There were 20 detached lake homes sold with sale prices ranging from $61,000 to $525,000 and an average sold price of $285,325 (down 4.5%);

21 detached golf course frontage homes sold with sale prices ranging from $65,000 to $390,000 and an average sold price of $276,143 (down 0.3%),

15 mountain view homes sold with sale prices ranging from $99,000 to $329,500 and an average sold price of $210,833 (up 0.1%); and

102 homes on interior wooded lots sold with sale prices ranging from $45,000 to $425,000 and an average sold price of $148,654 (down 2.8%).

There were 25 townhouses and patio homes sold or under contract in the last six months with sold prices ranging from $53,000 to $415,000 and an average sold price of $136,620 (up 0.8%).

There were 4 lake front or lake view townhouses and patio homes sold with an average sold price of $248,000 (unchanged);

3 golf front or golf view townhouses and patio homes sold with an average sold price of $207,833 (down 20.8%); and

18 townhouses and patio homes on interior wooded lots with sold prices ranging from $53,000 to $265,000 and an average sold price of $99,166 (up 0.8%).

There were 24 new construction homes sold in the last 6 months with sold prices ranging from $135,000 to $430,000 and an average sold price of $263,837 (down 3.4%).

Home sales in the same six months of last year

(August 1, 2008 through January 31, 2009)

There were 150 detached homes sold in this time period ranging in sales price from $65,000 to $960,000 and with a median sold price of $239,619.

There have been 17 detached lake homes sold with sale prices ranging from $199,000 to $960,000 and an average sold price of $376,986;

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;

14 mountain view homes sold with sale prices ranging from $153,000 to $960,000 and an average sold price of $327,392; and

100 homes on interior wooded lots sold with sale prices ranging from $65,000 to $529,900 and an average sold price of $196,665.

There were 21 townhouses and patio homes sold in this time period with sold prices ranging from $65,000 to $263,000 and an average sold price of $131,167;

there were 6 lake front or lake view townhouses and patio homes sold with sold prices ranging from $78,000 to $205,000 and average sold price of $152,603;

2 golf front or golf view townhouses and patio home with sold prices ranging from $85,000 to $178,000 and with an average sold price of $131,500 and

13 townhouses and patio homes on interior wooded lots with sold prices ranging from $65,000 to $263,000 and an average sold price of $121,223.

There were 42 new construction homes sold in this time period with sold prices ranging from $169,000 to $538,965 and an average sold price of $299,723.