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.