Current Residential Lot Market

Hot Springs Village, Arkansas

November 1, 2009

 

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

 

There are currently 1032 lots (up 10 units) on the market with prices ranging from $1000 to $369,500.

The average number of days on the market is 341.

There are 214 lots listed at less than $5,000, 322 lots listed at less than $8,000, 418 lots listed at less than $10,000 and 568 lots listed at less than $15,000.  These numbers of lots are nearly unchanged in all four categories.

There are 56 lake-front and lake view lots (up 3 units) with an average asking price of $120,460 (up 0.8%),

210 golf course frontage lots (down 9 units) with an average asking price of $44,925 (up about 3.4%),

101 mountain-view lots (up 8 units) with an average asking price of $39,296, (up 13.1%),

and 659 interior wooded lots with an median asking price of $8,000 (unchanged).

 

Lots sold and closed from September 1, 2009 through October 31, 2009

 

There have been 33 lots sold (up 10 units) in this time period ranging in sales price from $1 to $150,000 and a median sold price of $5,000.  The average number of days on the market before being sold was 168. 

There were 2 lake lots sold in the last 60 days with an average sold price of $54,950;

7 golf course frontage lots sold with an average sold price of $37,785;

1 mountain view lot sold with a sold price of $40,000; and  

22 interior wooded lots sold with an average sold price of $2,813.

 

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

 

There were 18 lots sold in this time period ranging in sales price from $1 to $75,000 and a median sold price of $11,000.  The average number of days on the market before being sold was 291. 

There was 1 lake lot sold with a sold price of $60,000;

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

6 mountain view lots sold with an average sold price of $34,033 and

7 interior wooded lots sold with an average sold price of $4,735.