Current Residential Lot Market

Hot Springs Village, Arkansas

February 1, 2010

 

 

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

 

There are currently 898 lots (down 23 units) on the market with prices ranging from $1 to $369,500.

The average number of days on the market is 358.

There are 112 lots listed at less than $5,000, 211 lots listed at less than $8,000, 299 lots listed at less than $10,000 and 422 lots listed at less than $15,000.  These numbers of lots are down in all four categories.

There are 65 lake-front and lake view lots (up 8 units) with an average asking price of $110,450 (down 3.6%),

240 golf course frontage lots (up 16 units) with an average asking price of $42,230 (down 3.5%),

95 mountain-view lots (down 7 units) with an average asking price of $42,204 (up 9.7%),

and 519 interior wooded lots with an median asking price of $9,500 (unchanged).

 

Lots sold and closed from December 1, 2009 through January 31, 2010

 

There have been 17 lots sold (unchanged) in this time period ranging in sales price from $1,800 to $230,000 and a median sold price of $12,500.  The average number of days on the market before being sold was 246. 

There were 4 lake lots sold in the last 60 days with an average sold price of $104,725,

5 golf course frontage lot sold with an average sold price of $17,100,

1 mountain view lots sold with a sold price of $100,000; and  

7 interior wooded lots sold with an average sold price of $4,553.

 

Lots sold and closed from December 1, 2008 through January 31, 2009

 

There had been 16 lots sold in this time period ranging in sales price from $1,700 to $81,000 and a median sold price of $13,750.  The average number of days on the market before being sold was 252. 

There were 3 lake lots sold with an average sold price of $70,666,

1 golf course frontage lot sold with a sold price of $18,500,

1 mountain view lot sold with a sold price of $80,000 and

11 interior wooded lots sold with an average sold price of $8,904.