Current Home Market

Current Home Market

Hot Springs Village, Arkansas

March 1, 2009

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

There are currently 308 detached homes on the market (up 8 units) with prices ranging from $74,500 to $995,000. There are 16 detached homes currently listed at less than $100,000, 70 homes listed at less than $150,000 and 131 homes listed at less than $200,000. These numbers are up slightly from last month. The average number of days on the market is 190.

There are currently 44 detached lake-front and lake view homes with an asking prices ranging from $239,500 to $995,000 and an average asking price of $487,609 (down about 1.7%).

76 detached golf course frontage homes with asking prices ranging from $119,500 to $769,500 and an average asking price of $329,250 (up about 2.4%).

21 detached mountain-view homes with asking prices ranging from $134,900 to $554,900 and an average asking price of $334,066 (down 1.8%).

173 detached homes on interior wooded lots with asking prices ranging from $74,900 to $389,900 and an average asking price of $180,473 (down 0.7%).

There are 66 townhomes and patio homes on the market with asking prices ranging from $65,900 to $379,500 and an average asking price of $153,311 (down 1.6%).

There are 16 lake front and lake view townhouses with asking prices ranging from $78,500 to $379,500 and an average asking price of $210,415 (down about 4.1%).

5 golf and golf view townhouses ranging in asking price from $79,900 to $305,000 with an average asking price of $244,080 (down 14.1%).

43 townhouses on wooded interior lots with asking prices ranging from $65,900 to $327,500 and average asking price of $121,509 (up about 4.3%).

There are currently 34 homes on the market that are new construction or homes still under construction. The asking prices of these homes range from $165,900 to $899,000 with an average asking price of $341,564 (up 7.5%).

Home sales in the last six months

(September 1, 2008 through February 28, 2009)

There were 113 detached homes sold in the last 6 months ranging in sales price from $65,000 to $960,000 and with a median sold price of $220,500 (down about 7.7%). The average number of days on the market before being sold was 125.

12 detached lake homes sold with sale prices ranging from $199,000 to $960,000 and an average sold price of $390,750 (down 1.8%).

20 detached golf course frontage homes sold with sale prices ranging from $140,000 to $595,000 and an average sold price of $329,988 (up 4.9%)

10 mountain-view homes sold with sale prices ranging from $153,000 to $960,000 and an average sold price of $346,340 (up 5.8%).

74 homes on interior wooded lots sold with sale prices ranging from $59,900 to $529,900 and an average sold price of $191,726 (down about 2.4%).

There were 20 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 $136.926 (up about 4.4%).

6 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 $152,603 (unchanged).

2 golf front or golf view townhomes and patio homes sold with sold prices ranging from $85,000 to $178,000 with an average sold price of $131,500 (unchanged).

12 townhomes and patio homes on interior wooded lots with sold prices ranging from $65,900 to $263,000 and an average sold price of $129,991 (up about 7.2%).

There were 33 new construction homes sold in the last 6 months with sold prices ranging from $180,000 to $595,000 and an average sold price of $303,886 (up 0.9%).

Home sales in the same six months of last year

(September 1, 2007 through February 28, 2008)

There were 222 detached homes sold in this time period ranging in sales price from $67,500 to $745,000 and with a median sold price of $226,000.

There were 36 detached lake homes sold with sale prices ranging from $169,000 to $745,000 and an average sold price of $425,790

45 detached golf course frontage homes sold with sale prices ranging from $118,000 to $472,589 and an average sold price of $275,833

11 mountain-view homes sold with sale prices ranging from $213,500 to $509,000 and an average sold price of $278,020.

132 homes on interior wooded lots sold with sale prices ranging from $67,500 to $520,000 and an average sold price of $190,492.

There were 32 townhouses and patio homes sold in this time period with sold prices ranging from $67,500 to $299,000 and an average sold price of $135,953.

There were 6 lake front or lake view townhouses and patio homes sold with sold prices ranging from $94,900 to $279,000 and average sold price of $190,483.

3 golf front or golf view townhomes and patio homes sold with sold prices ranging from $74,500 to $299,000 and average sold price of $167,833.

23 townhouses and patio homes on interior wooded lots with sold prices ranging from $67,500 to $262,000 and an average sold price of $117,569.

There were 55 new construction homes sold in this time period with sold prices ranging from $131,000 to $509,000 and an average sold price of $287,562.