Current Home Market

Hot Springs Village, Arkansas

March 1, 2010

 

 

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

 

There are currently 349 detached homes on the market (up 5 units) with prices ranging from $60,000 to $1,550,000.

The average number of days on the market is 191.

There are 16 detached homes currently listed at less than $100,000, 75 homes listed at less than $150,000 and 145 homes listed at less than $200,000.  These numbers are nearly unchanged from last month.

There are currently 63 detached lake-front and lake view homes with asking prices ranging from $134,900 to $1,550,000 and an average asking price of $461,015 (down about 1.9%);

86 detached golf course frontage homes with asking prices ranging from $129,900 to $1,150,000 and an average asking price of $318,678 (up about 1.7%);

31 detached mountain-view homes with asking prices ranging from $98,500 to $729,000 and an average asking price of $348,987 (up 2.4%);

and 176 detached homes on interior wooded lots with asking prices ranging from $60,000 to $439,000 and an average asking price of $178,988 (up 1.6%).

 

There are 74 townhouses and patio homes on the market with asking prices ranging from $54,500 to $329,900 and an average asking price of $124,129 (down 6.3%).  The average number of days on the market is 174.

There are 14 lake front and lake view townhouses with asking prices ranging from $89,900 to $259,500 and an average asking price of $191,205 (down 1.0%);

4 golf and golf view townhouses ranging in asking price from $69,900 to $329,900 with an average asking price of $177,700 (down 0.5%);

and 56 townhouses on wooded interior lots with asking prices ranging from $54,900 to $199,900 and average asking price of $103,534 (down 8.2% ).

 

There are currently 33 (down 2 units) homes on the market that are new constructions or homes still under construction.  The asking prices of these homes range from $139,900 to $799,900 with an average asking price of $273,590 (down 2.3%)

 

Home sales in the last six months

(September 1, 2009 through February 28, 2010)

There have been 158 detached homes sold in the last 6 months ranging in sales price from $45,000 to $525,000 and with a median sold price of $189,167 (up 14.8%).  The average number of days on the market before being sold was 119. 

There have been 23 detached lake homes sold with sale prices ranging from $61,000 to $525,000 and an average sold price of $289,760 (up 1.6%);

23 detached golf course frontage homes sold with sale prices ranging from $152,500 to $375,000 and an average sold price of $276,871 (up 0.3%),

12 mountain view homes sold with sale prices ranging from $90,000 to $329,500 and an average sold price of $202,208 (down 4.1%); and

102 homes on interior wooded lots sold with sale prices ranging from $45,000 to $425,000 and an average sold price of $146,655 (down 1.3%).

 

There were 25 townhouses and patio homes sold or under contract in the last six months with sold prices ranging from $54,000 to $415,000 and an average sold price of $135,930 (down 0.5%).

There were 3 lake front or lake view townhouse and patio homes sold with an average sold price of $285,666 (up 15.2);

3 golf front or golf view townhouses and patio homes sold with an average sold price of $207,833 (unchanged); and

19 townhouses and patio homes on interior wooded lots with sold prices ranging from $54,000 to $265,000 and an average sold price of $100,934 (up 1.8%).

 

There were 24 new construction homes sold in the last 6 months with sold prices ranging from $135,000 to $430,000 and an average sold price of $264,811 (up 0.4%).

 

Home sales in the same six months of last year

(September 1, 2008 through February 28, 2009)

There were 113 detached homes sold in this time period ranging in sales price from $59,900 to $960,000 and with a median sold price of $241,239. 

There have been 12 detached lake homes sold with sale prices ranging from $199,000 to $960,000 and an average sold price of $390,750;

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;

10 mountain view homes sold with sale prices ranging from $153,000 to $960,000 and an average sold price of $346,340; and

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.

 

There were 20 townhouses and patio homes sold in this time period with sold prices ranging from $65,900 to $263,000 and an average sold price of $136,926,

There were 6 lake front or lake view townhouses and patio homes sold with sold prices ranging from $78,000 to $205,000 and average sold price of $152,603;

2 golf front or golf view townhouses and patio home with sold prices ranging from $85,000 to $178,000 and with an average sold price of $131,500 and

12 townhouses 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.

 

There were 33 new construction homes sold in this time period with sold prices ranging from $180,000 to $595,000 and an average sold price of $303,887.