Current Residential Lot Market

Hot Springs Village, Arkansas

May 1, 2009

 

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

 

  • There are currently 1,132 lots (up 30 units) on the market with prices ranging from $750 to $329,900.  The average number of days on the market is 322.  There are 186 lots listed at less than $5,000; 367 lots listed at less than $8,000; 483 lots listed at less than $10,000 and 641 lots listed at less than $15,000.  These numbers are nearly unchanged in all four categories.

 

    • There are 66 lake-front and lake view lots (up 1 unit) with an average asking price of $108,666 (up 3.1%)
    • 195 golf course frontage lots (down 5 units) with an average asking price of $43,169 (up about 1.2%)
    • 104 mountain-view lots with an average asking price of $38,359 (up 8.1%)
    • 790 interior wooded lots with a median asking price of $8,900 (down 1.1%).

 

Lots sold and closed from March 1, 2009 through April 30, 2009

 

  • There were 18 lots sold (unchanged) in this time period ranging in sales price from $1,000 to $45,000  and a median sold price of $6,600.  The average number of days on the market before being sold was 118.

 

    • There were no lake lots sold in the last 60 days
    • 2 golf course frontage lots sold with a average sold price of $34,500
    • no mountain view lots sold
    • 16 interior wooded lots sold with an average sold price of $10,175.

 

Lots sold and closed from March 1, 2008 through April 30, 2008

 

  • There were 41 lots sold in this time period ranging in sale price from $1,250 to $115,000 and a median sold price of $11,-00.  The average number of days on the market before being sold was 192.

 

    • There were 2 lake lots sold with an average sold price of $97,500
    • 6 golf course frontage lots sold with an average sold price of $37,150
    • 4 mountain view lots sold with an average sold price of $17,600
    • 29 interior wooded lots sold with an average sold price of $8,572.