Current Home Market

Hot Springs Village, Arkansas

January 3, 2009

 

 

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

 

  • There are currently 313 detached homes on the market (down 6 units) with prices ranging from $74,900 to $995,000.  There are 14 detached homes currently listed at less than $100,000, 68 homes listed at less than $150,000 and 137 homes listed at less than $200,000.  These numbers are nearly unchanged from last month. The average number of days on the market is 187.

 

    • There are currently 43 detached lake-front and lake view homes with an asking prices ranging from $242,900 to $995,000 and an average asking price of $503,544 (up about 5.3%).

 

    • 84 detached golf course frontage homes with asking prices ranging from $119,500 to $925,000 and an average asking price of $334,780 (down about 2.7%).

 

    • 19 detached mountain-view homes with asking prices ranging from $134,780 to $695,000 and an average asking price of $338,415 (up 2.7%).

 

    • 174 detached homes on interior wooded lots with asking prices ranging from $74,900 to $384,900 and an average asking price of $80,034 (up .5%).

 

 

  • There are 68 townhomes and patio homes on the market with asking prices ranging from $65,900 to $379,500 and an average asking price of $159,791 (up 4.7%).

 

    • There are 27 lake front and lake view townhouses with asking prices ranging from $83,900 to $379,500 and an average asking price of $216,979 (down about 0.1%).

 

    • 5 golf and golf view townhouses ranging in asking price from $277,000 to $378,000 with an average asking price of $305,700 (up 26.5%).

 

    • 46 townhouses on wooded interior lots with asking prices ranging from $65,900 to $327,500 and average asking price of $122,797 (up 4.7%).

 

 

  • 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 $302,041 (down 0.5%).

 

 

Home sales in the last six months

(July 1, 2008 through December 31, 2008)

 

  • There were 173 detached homes sold in the last 6 months ranging in sales price from $80,000 to $960,000 and with a median sold price of $238,808.  The average number of days on the market before being sold was 124. 

 

    • 22 detached lake homes sold with sale prices ranging from $199,000 to $960,000 and an average sold price of $394,052.

 

    • 27 detached golf course frontage homes sold with sale prices ranging from $140,000 to $500,000 and an average sold price of $302,836.

 

    • 13 mountain-view homes sold with sale prices ranging from $153,000 to $960,000 and an average sold price of $326,423.

 

    • 113 homes on interior wooded lots sold with sale prices ranging from $80,000 to $529,900 and an average sold price of $190,438.

 

 

  • There were 19 townhomes and patio homes sold or under contract in the last six months with sold prices ranging from $65,900 to $263,000 and an average sold price of $138,326.

 

    • 5 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 $143,300.

 

    • 3 golf front or golf view townhomes and patio homes sold with sold prices ranging from $85,000 to $222,000 with an average sold price of $161,666.

 

    • 11 townhomes and patio homes on interior wooded lots with sold prices ranging from $65,900 to $263,000 and an average sold price of $129,545.

 

 

  • There were 45 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 $95,968.

 

 

Home sales in the same six months of last year

(July 1, 2007 through December 31, 2007)

 

  • 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 $243,900.

 

    • There were 45 detached lake homes sold with sale prices ranging from $134,500 to $1,000,000 and an average sold price of $409,764.

 

    • 44 detached golf course frontage homes sold with sale prices ranging from $147,500 to $472,589 and an average sold price of $287,288.

 

    • 12 mountain-view homes sold with sale prices ranging from $210,000 to $509,000 and an average sold price of $272,301.

 

    • 152 homes on interior wooded lots sold with sale prices ranging from $40,000 to $390,000 and an average sold price of $178,346..

 

 

  • There were 40 townhouses and patio homes sold in this time period with sold prices ranging from $57,500 to $279,000 and an average sold price of $130,220.

 

    • There were 9 lake front or lake view townhouses and patio homes sold with sold prices ranging from $85,000 to $279,000 and average sold price of $162,115.

 

    • 3 golf front or golf view townhomes and patio homes sold with sold prices ranging from $96,500 to $130,000 and average sold price of $96,500.

 

    • 29 townhouses and patio homes on interior wooded lots with sold prices ranging from $57,500 to $262,000 and an average sold price of $122,237.

 

There were 58 new construction homes sold in this time period with sold prices ranging from $114,000 to $509,000 and an average sold price of $287,765.

 

 

Report prepared and presented by:

 

 

 

January 3, 2009