Current Residential Lot Market

Hot Springs Village, Arkansas

July 1, 2008

 

Today’s Market–as indicated by Central Arkansas Multiple Listing Service July 1, 2008

 

There are currently 1,425 lots (down 3%) on the market with prices ranging from $3,000 to $279,000.

The average number of days on the market is 325.

There are 225 lots listed at less than $8,000, 428 lots listed at less than $10,000 and 749 lots listed at less than $15,000.  These numbers are nearly unchanged from last month.

There are 69 lake-front and lake view lots with an average asking price of $108,146 (up about 25%),

199 golf course frontage lots (down significantly) with an average asking price of $50,094; (up just over 8.5%),

117 mountain-view lots with an average asking price of $33,691, (down just over 2.7%),

and 1051 interior wooded lots (up slightly) with an median asking price of $14,156 (up about 15.4%).

 

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

 

There have been 37 lots sold (down significantly) in this time period ranging with sale price from $2,000 to $100,000 and a median sold price of $10,000 (down 18%).  The average number of days on the market before being sold was 222. 

There was 1 lake lots sold in the last 60 days with a sales price of $100,000,

7 golf course frontage lots sold with an average sold price of $36,664 (up significantly),

4 mountain view lots sold with an average sold price of $37,375 (up significantly) and

26 interior wooded lots sold with an average sold price of $8,678 (down 14.2%).

 

Lots sold and closed from May 1 though June 30, 2007

 

There have been 81 lots sold in this time period ranging in sale price from $3,000 to $115,000 and a median sold price of $13,900.  The average number of days on the market before being sold was 163. 

There were 3 lake lots sold with an average sold price of $72,033,

19 golf course frontage lots sold with an average sold price of $47,547,

6 mountain view lots sold with an average sold price of $36,133 and

55 interior wooded lots sold with an average sold price of $12,299.