Market Conditions for Hot Springs Village in Hot Springs, Arkansas Reported by Kathy Sherman CRS, SRES & Jon Sherman, REALTORS® Updated May 4, 2012.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 3 1 2 3 4 5 Falling Rising

Current Home Market
Hot Springs Village, Arkansas
May 1, 2012

Today's Market as Indicated by Central Arkansas Multiple Listing Service
There are currently 399 detached homes on the market (up 10 units) with prices ranging from $68,252 to $1,799,000.
The average number of days on the market is 204.
There are 35 detached homes currently listed at less than $100,000, 77 homes listed from $100,000 to $150,000, 85 homes listed from $150,000 to $200,000, 50 homes listed from $200,000 to $250,000, 43 homes listed from $250,000 to $300,000, and 109 listed at over $300,000. The trend in these numbers is mixed over the last month.

There are currently
· 76 detached lakefront and lake view homes with asking prices ranging from $169,400 to $1,799,000 and an average asking price of $414,067 (down 2.6%)
· 111 detached golf course frontage homes with asking prices ranging from $119,000 to $979,900 and an average asking price of $309,088 (down 0.6%)
· 32 detached mountain-view homes with asking prices ranging from $169,900 to $659,000 and an average asking price of $303,312 (up 14.6%)
· 180 detached homes on interior wooded lots with asking prices ranging from $68,252 to $389,000 and an average asking price of $156,600 (up 0.7%).

There are 75 townhouses and patio homes on the market with asking prices ranging from $56,000 to $290,000 and an average asking price of $124,707 (up 5.3%). The average number of days on the market is 180.

There are currently
· 24 lakefront and lake view townhouses with asking prices ranging from $108,000 to $259,900 and an average asking price of $165,004 (up 2.7%)
· 7 golf and golf view townhouses ranging in asking price from $59,900 to $279,900 with an average asking price of $160,600 (up 4.1%)
· 44 townhouses on wooded interior lots with asking prices ranging from $56,000 to $290,000 and average asking price of $97,017 (up 2.7%)

There are currently 8 (down 3 units) homes on the market that are new construction or homes still under construction. The asking prices of these homes range from $279,900 to $499,900 with an average asking price of $354,475 (up 0.9%).

Home Sales in the Last Six Months
(November 1, 2011 through April 30, 2012)
There have been 156 detached homes sold in the last 6 months ranging in sales price from $65,000 to $580,000 and with a median sold price of $162,450 (up 2.8%). There were 21 homes closed for less than $100,000, 47 homes closed between $100,000 and $150,000, 29 homes closed between $150,000 and $200,000, 31 homes closed between $200,000 and $300,000, and 28 homes sold and closed for more than $300,000. The average number of days on the market before being sold was 149

There were
· 22 detached lake homes sold with sale prices ranging from $194,000 to $580,000 and an average sold price of $346,172 (down 1.4%)
· 31 detached golf course frontage homes sold with sale prices ranging from $85,000 to $450,000 and an average sold price of $239,411 (down 2.1%)
· 9 mountain-view homes sold with sale prices ranging from $89.900 to $453,000 and an average sold price of $241,839 (up 4.5%)
· 89 homes on interior wooded lots sold with sale prices ranging from $65,000 to $278,000 and an average sold price of $139,294 (up 2.0%)

There were 17 townhouses and patio homes sold or under contract in the last six months with sold prices ranging from $45,000 to $210,000 and an average sold price of $91,061 (down 2.0%).

There were
· 3 lakefront or lake view townhouse and patio homes sold during this time period with an average sold price of $173,966
· 2 golf front or golf view townhouse and patio homes sold during this time period with an average sold price of $95,000
· 12 townhouses and patio homes on interior wooded lots with sold prices ranging from $45,000 to $129,000 and an average sold price of $69,679 (up 2.1%)

There were 14 new construction homes sold in the last 6 months with sold prices ranging from $235,000 to $453,000 and an average sold price of $332,640 (up 4.3%).

Home Sales in the Same Six Months of Last Year
(November 1, 2010 through April 30, 2011)
There were 158 detached homes sold in this time period ranging in sales price from $37,753 to $700,000 and with a median sold price of $167,500.

There were
· 17 detached lake homes sold with sale prices ranging from $130,000 to $700,000 and an average sold price of $367,937
· 28 detached golf course frontage homes sold with sale prices ranging from $75,000 to $456,000 and an average sold price of $238,774
· 6 mountain-view homes sold with sale prices ranging from $147,500 to $370,000 and an average sold price of $290,000
· 106 homes on interior wooded lots sold with sale prices ranging from $49,000 to $515,310 and an average sold price of $145,508.

There were 29 townhouse and patio homes sold in this time period with sold prices ranging from $40,000 to $270,000 and an average sold price of $92,701.
There was
· 1 lakefront or lake view townhouse and patio home sold in this time period with a sold price of $92,500
· 1 golf front or golf view townhouse and patio homes during this time period with a sold price of $269,000 and
· 26 townhouse and patio homes on interior wooded lots with sold prices ranging from $40,000 to $190,000 and an average sold price of $81,855

There were 26 new construction homes sold in this time period with sold prices ranging from $140,000 to $700,000 and an average sold price of $277,746.
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Hot Springs Village, Arkansas
Current Residential Lot Market
May 1, 2012

Today's Market as Indicated by Central Arkansas Multiple Listing Service

There are currently 611 lots (up 44 units) on the market with prices ranging from $1 to $369,500.
The average number of days on the market is 404.
There are 39 lots listed at less than $3,000, 47 lots listed between $3,000 and $5,000, 96 lots listed between $5,000 and $8,000, 38 lots listed between $8,000 and $10,000, 65 lots listed between $10,000 and $15,000 and 326 lots listed at more than $15,000.
There are
· 58 lakefront and lake view lots (up 2 units) with an average asking price of $95,211 (down 0.6%)
· 225 golf course frontage lots (up 35 units) with an average asking price of $29,686 (down 2.6%)
· 44 mountain-view lots (down 5 unit) with an average asking price of $26,090 (down 25.1%)
· 262 interior wooded lots with an median asking price of $6,500 (down 7.1%)

Lots Sold and Closed from March 1, 2012 through April 30, 2012

There have been 12 lots sold (down 2 units) in this time period ranging in sales price from $1 to $23,000. The average number of days on the market before being sold was 266.
There was
· 0 lake lots sold in the last 60 days
· 4 golf course frontage lots sold with an average sold price of $13,000
· 3 mountain-view lots sold with an average sold price of $22,500
· 5 interior wooded lots sold with an average sold price of $2,400.

Lots Sold and Closed from March 1, 2011 through April 30, 2011

There had been 15 lots sold in this time period ranging in sales price from $1,800 to $111,000. The average number of days on the market before being sold was 307.
There was
· 1 lake lots sold in this time period with a sold price of $111,000,
· 4 golf course frontage lots sold with an average sold price of $16,100
· 0 mountain-view lots sold and
· 10 interior wooded lots sold with an average sold price of $3,010.





ZIP Code: 71909

Location Characteristics: Located in Central Arkansas, Hot Springs Village is nestled in the beautiful Ouachita Mountains. Inside the gated 26,000 acres you will find golf courses, lakes, tennis, walking trails and much more! If your are looking for all of this and a peaceful, relaxing atmosphere...this is the right place!


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