Current Residential Lot Market

Hot Springs Village, Arkansas

October 1, 2009

 

 

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

 

There are currently 1022 lots (down 76 units) on the market with prices ranging from $1 to $369,500.

The average number of days on the market is 346.

There are 218 lots listed at less than $5,000, 331 lots listed at less than $8,000, 422 lots listed at less than $10,000 and 567 lots listed at less than $15,000.  These numbers of lots are down significantly in all four categories.

There are 53 lake-front and lake view lots (down 1 units) with an average asking price of $119,713 (down 3.3%),

219 golf course frontage lots (down 3 units) with an average asking price of $43,458 (down about 1.4%),

93 mountain-view lots (unchanged) with an average asking price of $34,734, (down 9.7%),

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

 

Lots sold and closed from August 1, 2009 through September 30, 2009

 

There have been 23 lots sold (up 3 units) in this time period ranging in sales price from $1 to $82,000 and a median sold price of $1,700.  The average number of days on the market before being sold was 74. 

There were 2 lake lot sold in the last 60 days with an average sold price of $66,000,

3 golf course frontage lot sold with an average sold price of $28,333,

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

17 interior wooded lots sold with a average sold price of $3,017.

 

Lots sold and closed from August 1, 2008 through September 30, 2008

 

There had been 26 lots sold in this time period ranging in sails price from $3,000 to $225,000 and a median sold price of $21,750.  The average number of days on the market before being sold was 213. 

There were 6 lake lots sold with an average sold price of $75,200,

6 golf course frontage lots sold with an average sold price of $40,583,

6 mountain view lots sold with an average sold price of $31,433 and

9 interior wooded lots sold with an average sold price of $6,400.