Current Residential Lot Market

Hot Springs Village, Arkansas

March 1, 2010

 

 

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

 

There are currently 876 lots (down 45 units) on the market with prices ranging from $1 to $369,500.

The average number of days on the market is 366.

There are 104 lots listed at less than $5,000, 198 lots listed at less than $8,000, 281 lots listed at less than $10,000 and 391 lots listed at less than $15,000.  These numbers are down sharply in all four categories.

There are 57 lake-front and lake view lots (unchanged) with an average asking price of $114,159 (down 0.4%),

239 golf course frontage lots (up 15 units) with an average asking price of $42,799 (down 2.2%),

93 mountain-view lots (down 9 units) with an average asking price of $41,891 (up 8.9%),

and 502 interior wooded lots with an median asking price of $9,900 (up 4.2%).

 

Lots sold and closed from January 1, 2010 through February 28, 2010

 

There have been 21 lots sold (up 4 units) in this time period ranging in sales price from $1,000 to $230,000 and a median sold price of $12,000.  The average number of days on the market before being sold was 192. 

There were 3 lake lot sold in the last 60 days with an average sold price of $132,666,

4 golf course frontage lot sold with an average sold price of $12,250,

0 mountain view lots sold; and  

11 interior wooded lots sold with an average sold price of $6,572.

 

Lots sold and closed from January 1, 2009 through February 28, 2009

 

There had been 21 lots sold in this time period ranging in sales price from $5,000 to $95,000 and a median sold price of $18,500.  The average number of days on the market before being sold was 206. 

There were 4 lake lots sold with an average sold price of $73,375,

3 golf course frontage lots sold with an average sold price of $37,666,

1 mountain view lots sold with a sold price of $80,000 and

13 interior wooded lots sold with an average sold price of $12,807.