Current Residential Lot Market

Hot Springs Village, Arkansas

January 1, 2008

Today’s Market –

• As indicated by Central Arkansas Multiple Listing Service January 1, 2008 there are currently 1510 lots on the resale market with prices ranging from $2,990 to $298,888.
• The average number of days on the market is 323.
• 227 lots listed at less than $8,000
• 439 lots listed at less than $10,000
• 765 lots listed at less than $15,000.

• There are 82 lake-front and lake view lots with an average asking price of $100,413.
• 171 golf course frontage lots with an average asking price of $52,991
• 98 mountain view lots with an average asking price of $35,920
• 1177 interior wooded lots with an average asking price of $14,908

Recent Sale Statistics –

• There are been 75 lots sold in the last 60 days ranging in sales price from $3,000 to $97,000 and a median sold price of $16,000.
• The average number of days on the market before being sold was 182
• 11 lake lots sold with an average sold price of $83,809
• 14 golf course frontage lots sold with an average sold price of $40,271
• 5 mountain view lots sold with an average sold price of $43,100
• 46 interior wooded lots sold with an average sold price of $12,120