Current Residential Lot Market

Hot Springs Village, Arkansas

November 3, 2008

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

- There are currently 1192 lots (down 2.2%) on the market with prices ranging from $2,800 to $329,900.

• There are 258 lots listed at less than $8,000

• 440 lots listed at less than $10,000

• 643 lots listed at less than $15,000

• These numbers are up substantially over last month.

- The average number of days on the market is 318.

- There are 73 lake-front and lake view lots with an average asking price of

$101,825 (down about 7.5%)

- 218 golf course frontage lots (up slightly) with an average asking price of $46,747; (down about .5%)

- 99 mountain-view lots with an average asking price of $32,385, (up 22.2%)

- 814 interior wooded lots with a median asking price of $9,900 (down 15.8%).

Lots sold and closed from September 1 through October 31, 2008

- There were 15 lots sold (down 5 units) in this time period ranging in sales price from $1 to $60,000 and a median sold price of $9,000.

- There was 1 lake lot sold in the last 60 days with a sales price of $60,000

- 3 golf course frontage lots sold with an average sold price of $33,667

- 3 Mountain View lots sold with an average sold price of $30,833

- 6 interior wooded lots sold with an average sold price of $5,232

- The average number of days on the market before being sold was 274.

Lots sold and closed from September 1 though October 31, 2007

- There were 59 lots sold in this time period ranging in sales price from $2,000 to $80,000 and a median sold price of $12,000.

- There was 1 lake lot sold with a sold price of $80,000

- 13 golf course frontage lots sold with an average sold price of $40,434

- 3 Mountain View lots sold with an average sold price of $22,333

- 42 interior wooded lots sold with an average sold price of $9,273.

- The average number of days on the market before being sold was 177.