Current Residential Lot Market

Hot Springs Village, Arkansas

July 1, 2009

 

 

Today’s market – as indicated by Central Arkansas Multiple Listing Service July 1, 2009.

 

There are currently 1033 lots (down 41 units) on the market with prices ranging from $1,00 to $369,500.

The average number of days on the market is 345.

There are 186 lots listed at less than $5,000, 325 lots listed at less than $8,000, 433 lots listed at less than $10,000 and 588 lots listed at less than $15,000.  These numbers of lots are down slightly in all four categories.

There are 67 lake-front and lake view lots (up 7 units) with an average asking price of $107,102 (down 3.5%),

200 golf course frontage lots (down 8 units) with an average asking price of $43,944 (down about 1.8%),

92 mountain-view lots (down 5 units) with an average asking price of $39,948, (down 0.1%),

and 693 interior wooded lots with an median asking price of $8,500 (down 4.5%).

 

Lots sold and closed from May 1, 2009 through June 30, 2009.

 

There have been 22 lots sold (unchanged) in this time period ranging in sales price from $1 to $77,000 and a median sold price of $5,250.  The average number of days on the market before being sold was 161. 

There was 1 lake lot sold in the last 60 days with a sold price of $77,000,

6 golf course frontage lot sold with an average sold price of $29,416,

3 mountain view lots sold with an average sold price of $22,000; and  

12 interior wooded lots sold with an average sold price of $3,775.

 

Lots sold and closed from May 1, 2008 through June 30, 2008

 

There had been 43 lots sold in this time period ranging in sails price from $2,400 to $100,000 and a median sold price of $12,250.  The average number of days on the market before being sold was 196. 

There were 2 lake lots sold with an average sold price of $67,000,

7 golf course frontage lots sold with an average sold price of $30,521,

5 mountain view lots sold with an average sold price of $36,700 and

30 interior wooded lots sold with an average sold price of $10,908.