Current Home Market

Hot Springs Village, Arkansas

September 1, 2009

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

There are currently 395 detached homes on the market (up 5 units) with prices ranging from $60,000 to $1,550,000.

The average number of days on the market is 160.

There are 26 detached homes currently listed at less than $100,000, 94 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 66 detached lake-front and lake view homes with asking prices ranging from $179,500 to $1,550,000 and an average asking price of $490,972 (up about 1.6%);

86 detached golf course frontage homes with asking prices ranging from $135,000 to $985,000 and an average asking price of $331,575 (up about 1.6%);

30 detached mountain-view homes with asking prices ranging from $119,000 to $729,000 and an average asking price of $349,546 (up 4.1%);

and 214 detached homes on interior wooded lots with asking prices ranging from $60,000 to $439,000 and an average asking price of $176,571 (down 1.0%).

There are 79 townhouses and patio homes on the market with asking prices ranging from $54,500 to $305,000 and an average asking price of $145,430 (down 2.4%).

There are 22 lake front and lake view townhouses with asking prices ranging from $74,900 to $282,000 and an average asking price of $188,681 (down about 7.2%);

7 golf and golf view townhouses ranging in asking price from $69,900 to $305,000 with an average asking price of $189,740 (down 17.4%);

and 52 townhouses on wooded interior lots with asking prices ranging from $54,500 to $294,400 and average asking price of $118,696 (down about 1.0%).

There are currently 33 homes on the market that are new constructions or homes still under construction. The asking prices of these homes range from $149,900 to $849,000 with an average asking price of $315,115 (up about 0.9%)

Home sales in the last six months

(March 1, 2009 through August 31, 2009)

There have been 142 detached homes sold in the last 6 months ranging in sales price from $53,500 to $600,000 and with a median sold price of $191,000 (up about 0.6%). The average number of days on the market before being sold was 151.

There have been 16 detached lake homes sold with sale prices ranging from $220,000 to $530,000 and an average sold price of $361,816 (up 0.4%);

29 detached golf course frontage homes sold with sale prices ranging from $65,000 to $467,400 and an average sold price of $249,900 (down about 6.7%),

9 mountain view homes sold with sale prices ranging from $187,000 to $315,000 and an average sold price of $259,555 (down 6.6%); and

91 homes on interior wooded lots sold with sale prices ranging from $53,500 to $600,000 and an average sold price of $166,512 (up about 2.0%).

There were 15 townhouses and patio homes sold or under contract in the last six months with sold prices ranging from $45,000 to $135,000 and an average sold price of $77,100 (down about 19.3%),

There was 1 lake front or lake view townhouse and patio home sold with a sold price of $153,000;

1 golf front or golf view townhome and patio home sold with sold price of $45,000; and

13 townhouses and patio homes on interior wooded lots with sold prices ranging from $45,000 to $91,000 and an average sold price of $71,653 (down 27.9%).

There were 29 new construction homes sold in the last 6 months with sold prices ranging from $154,000 to $600,000 and an average sold price of $280,366 (down 6.9%).

Home sales in the same six months of last year

(March 1, 2008 through August 31, 2008)

There were 194 detached homes sold in this time period ranging in sales price from $79,000 to $845,000 and with a median sold price of $205,750.

There have been 24 detached lake homes sold with sale prices ranging from $238,900 to $845,000 and an average sold price of $420,152;

33 detached golf course frontage homes sold with sale prices ranging from $122,000 to $690,000 and an average sold price of $296,163;

13 mountain view homes sold with sale prices ranging from $100,000 to $515,000 and an average sold price of $278,488; and

125 homes on interior wooded lots sold with sale prices ranging from $79,000 to $479,900 and an average sold price of $184,986.

There were 23 townhouses and patio homes sold in this time period with sold prices ranging from $55,000 to $254,000 and an average sold price of $120,365,

There were 8 lake front or lake view townhouses and patio homes sold with sold prices ranging from $120,000 to $205,000 and average sold price of $157,250;

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

14 townhouses and patio homes on interior wooded lots with sold prices ranging from $55,000 to $254,000 and an average sold price of $92,028.

There were 50 new construction homes sold in this time period with sold prices ranging from $157,000 to $690,000 and an average sold price of $308,671.