Current Home Market

Hot Springs Village, Arkansas

November 1, 2009

 

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

 

There are currently 385 detached homes on the market (down 9 unit) with prices ranging from $59,000 to $1,550,000.

The average number of days on the market is 165.

There are 25 detached homes currently listed at less than $100,000, 86 homes listed at less than $150,000 and 162 homes listed at less than $200,000.  These numbers are nearly unchanged from last month.

There are currently 71 detached lake-front and lake view homes with an asking price ranging from $164,500 to $1,550,000 and an average asking price of $487,203 (up about 1.9%);

84 detached golf course frontage homes with asking prices ranging from $129,900 to $985,000 and an average asking price of $321,967 (down about 0.2%);

29 detached mountain-view homes with asking prices ranging from $99,999 to $729,000 and an average asking price of $352,606 (down 0.6%);

and 206 detached homes on interior wooded lots with asking prices ranging from $59,900 to $459,000 and an average asking price of $179,433 (up 0.5%).

 

There are 78 townhouses and patio homes on the market with asking prices ranging from $54,500 to $305,000 and an average asking price of $132,584 (down 8.0%).

There are 17 lake front and lake view townhouses with asking prices ranging from $74,900 to $269,000 and an average asking price of $188,681 (up about 1.4%);

5 golf and golf view townhouses ranging in asking price from $69,900 to $305,000 with an average asking price of $163,360 (down 19.5%);

and 57 townhouses on wooded interior lots with asking prices ranging from $54,500 to $297,000 and average asking price of $112,142 (down about 4.1%).

 

There are currently 31 homes on the market that are new construction or homes still under construction.  The asking prices of these homes range from $149,900 to $799,900 with an average asking price of $298,590 (up 1.3%)

 

Home sales in the last six months

(May 1, 2009 through October 31, 2009)

There have been 163 detached homes sold in the last 6 months ranging in sales price from $45,000 to $530,000 and with a median sold price of $187,000 (up 1.1%).  The average number of days on the market before being sold was 133. 

There have been 20 detached lake homes sold with sale prices ranging from $61,000 to $530,000 and an average sold price of $324,750 (down 1.8%);

32 detached golf course frontage homes sold with sale prices ranging from $65,000 to $390,000 and an average sold price of $251,455 (up about 2.9%),

13 mountain view homes sold with sale prices ranging from $133,000 to $315,000 and an average sold price of $232,923 (down 4.0%); and

101 homes on interior wooded lots sold with sale prices ranging from $45,000 to $310,000 and an average sold price of $153,519 (down 5.5%).

 

There were 23 townhouses and patio homes sold or under contract in the last six months with sold prices ranging from $53,000 to $415,000 and an average sold price of $117,130.

There were 2 lake front or lake view townhouse and patio homes sold with an average sold price of $275,000;

1 golf front townhome sold with sold price of $230,000; and

20 townhouses and patio homes on interior wooded lots with sold prices ranging from $53,000 to $265,000 and an average sold price of $95,700 (up 23.4%).

 

There were 29 new construction homes sold in the last 6 months with sold prices ranging from $154,000 to $530,000 and an average sold price of $267,454 (down 0.7%).

 

Home sales in the same six months of last year

(May 1, 2008 through October 31, 2008)

There were 192 detached homes sold in this time period ranging in sales price from $79,000 to $960,000 and with a median sold price of $205,000. 

There were 26 detached lake homes sold with sale prices ranging from $199,000 to $960,000 and an average sold price of $411,121;

34 detached golf course frontage homes sold with sale prices ranging from $122,000 to $690,000 and an average sold price of $295,162;

13 mountain view homes sold with sale prices ranging from $100,000 to $960,000 and an average sold price of $317,230; and

121 homes on interior wooded lots sold with sale prices ranging from $79,000 to $529,900 and an average sold price of $188,418.

 

There were 21 townhouses and patio homes sold in this time period with sold prices ranging from $55,900 to $263,000 and an average sold price of $130,709,

There were 8 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 $138,000;

1 golf front or golf view townhome and patio home sold with sold price of $222,000; and

12 townhouses and patio homes on interior wooded lots with sold prices ranging from $55,900 to $263,000 and an average sold price of $118,241.

 

There were 44 new construction homes sold in this time period with sold prices ranging from $165,900 to $690,000 and an average sold price of $307,353

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