Current Residential
Today’s market – as indicated by Central Arkansas Multiple
Listing Service
- There are currently 1219 lots (down 4.2% from last month) on the market with prices ranging from $2,790 to $329,000.
o There are 218 lots listed at less than $8,000
o 419 lots listed at less than $10,000
o 633 lots listed at less than $15,000.
§ These numbers are nearly unchanged from last month
- The average number of days on the market is 313.
- There are 66 lake-front and lake view lots with an average asking price of $111,186 (down about 5% from last month)
- 215 golf course frontage lots (up slightly) with an average asking price of $46,981; (down about 4% from last month)
- 100 mountain-view lots with an average asking price of $26,497, (down 17% from last month)
- 780 interior wooded lots with a median asking price of $11,757 (up 12%).
Lots sold and closed from August 1 through
- There have been 20 lots sold (down 15 units) in this time period ranging in sales price from $3,000 to $225,000 and a median sold price of $25,000
- 2 lake lots sold in the last 60 days with an average sales price of $142,500
- 6 golf course frontage lots sold with an average sold price of $40,583
-
3
- 9 interior wooded lots sold with an average sold price of $5,844
- The average number of days on the market before being sold was 202
Lots sold and closed from August 1 though
There were 55 lots sold in this time period ranging in sales price from $2,000 to $79,750 and a median sold price of $10,000.
- There were 2 lake lots sold with an average sold price of $69,000
- 12 golf course frontage lots sold with an average sold price of $40,158
- 3
- 38 interior wooded lots sold with an average sold price of $10,920
The average number of days on the market before being sold was 174