Market Conditions for Hot Springs Village in Hot Springs, Arkansas Reported by Kathy Sherman CRS, SRES & Jon Sherman, REALTORS® Updated February 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
February 1, 2012

Today's Market as Indicated by Central Arkansas Multiple Listing Service
There are currently 363 detached homes on the market (up 15 units) with prices ranging from $68,252 to $1,550,000.
The average number of days on the market is 217.
There are 30 detached homes currently listed at less than $100,000, 79 homes listed from $100,000 to $150,000, 72 homes listed from $150,000 to $200,000, 44 homes listed from $200,000 to $250,000, 36 homes listed from $250,000 to $300,000, and 107 listed at over $300,000. The trend in these numbers is down slightly over the last month.

There are currently
• 68 detached lakefront and lake view homes with asking prices ranging from $117,000 to $1,550,000 and an average asking price of $394,508 (down 9.5%)
• 98 detached golf course frontage homes with asking prices ranging from $129,975 to $997,000 and an average asking price of $316,675 (down 0.3%)
• 35 detached mountain-view homes with asking prices ranging from $99,900 to $595,000 and an average asking price of $294,577 (down 2.7%)
• 166 detached homes on interior wooded lots with asking prices ranging from $68,252 to $389,000 and an average asking price of $157,312 (down 1.6%).

There are 57 townhouses and patio homes on the market with asking prices ranging from $57,500 to $279,500 and an average asking price of $116,810 (down 3.0%). The average number of days on the market is 207.

There are currently
• 15 lakefront and lake view townhouses with asking prices ranging from $119,500 to $234,900 and an average asking price of $159,440 (down 1.3%)
• 8 golf and golf view townhouses ranging in asking price from $59,900 to $329,000 with an average asking price of $144,387 (down 10.4%)
• 34 townhouses on wooded interior lots with asking prices ranging from $57,500 to $215,000 and average asking price of $91,514 (down 0.3% )

There are currently 9 (up 1 units) homes on the market that are new construction or homes still under construction. The asking prices of these homes range from $219,900 to $549,900 with an average asking price of $375,344 (up 4.1%).

Home Sales in the Last Six Months
(August 1, 2011 through January 31, 2012)
There have been 174 detached homes sold in the last 6 months ranging in sales price from $48,800 to $865,000 and with a median sold price of $168,500 (up 0.5%). There were 27 homes closed for less than $100,000, 45 homes closed between $100,000 and $150,000, 34 homes closed between $150,000 and $200,000, 42 homes closed between $200,000 and $300,000, and 26 homes sold and closed for more than $300,000. The average number of days on the market before being sold was 129

There were
• 33 detached lake homes sold with sale prices ranging from $185,000 to $865,000 and an average sold price of $360,765 (up 4.4%)
• 32 detached golf course frontage homes sold with sale prices ranging from $85,000 to $450,000 and an average sold price of $227,472 (down 5.1%)
• 9 mountain-view homes sold with sale prices ranging from $86,000 to $645,000 and an average sold price of $242,161 (up 7.0%)
• 99 homes on interior wooded lots sold with sale prices ranging from $48,800 to $369,000 and an average sold price of $141,298 (up 1.7%)

There were 20 townhouses and patio homes sold or under contract in the last six months with sold prices ranging from $38,000 to $210,000 and an average sold price of $91,460 (down 0.2%).

There were
• 5 lakefront or lake view townhouse and patio homes sold during this time period with an average sold price of $158,060
• 2 golf front or golf view townhouse and patio homes sold during this time period with an average sold price of $78,000
• 13 townhouses and patio homes on interior wooded lots with sold prices ranging from $38,000 to $129,000 and an average sold price of $67,915 (down 2.7%)

There were 21 new construction homes sold in the last 6 months with sold prices ranging from $201,000 to $380,000 and an average sold price of $276,964 (up 6.6%).

Home Sales in the Same Six Months of Last Year
(August 1, 2010 through January 31, 2011)
There were 162 detached homes sold in this time period ranging in sales price from $49,000 to $700,000 and with a median sold price of $181,950.

There were
• 21 detached lake homes sold with sale prices ranging from $170,000 to $700,000 and an average sold price of $361,738
• 39 detached golf course frontage homes sold with sale prices ranging from $119,500 to $475,000 and an average sold price of $262,479
• 8 mountain-view homes sold with sale prices ranging from $102,000 to $379,000 and an average sold price of $261,062
• 92 homes on interior wooded lots sold with sale prices ranging from $49,900 to $515,310 and an average sold price of $147,200.

There were 32 townhouse and patio homes sold in this time period with sold prices ranging from $38,000 to $269,000 and an average sold price of $85,090.
There were
• 3 lakefront or lake view townhouse and patio home sold in this time period with an average sold price of $138,333
• 1 golf front or golf view townhouse and patio homes during this time period with a sold price of $269,000 and
• 28 townhouse and patio homes on interior wooded lots with sold prices ranging from $38,000 to $142,000 and an average sold price of $72,817

There were 30 new construction homes sold in this time period with sold prices ranging from $140,000 to $700,000 and an average sold price of $291,575.

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Hot Springs Village, Arkansas
Current Residential Lot Market
February 1, 2012

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

There are currently 626 lots (up 7 units) on the market with prices ranging from $1 to $369,500.
The average number of days on the market is 467.
There are 39 lots listed at less than $3,000, 46 lots listed between $3,000 and $5,000, 137 lots listed between $5,000 and $8,000, 47 lots listed between $8,000 and $10,000, 55 lots listed between $10,000 and $15,000 and 305 lots listed at more than $15,000.
There are
• 61 lakefront and lake view lots (down 6 units) with an average asking price of $101,649 (up 4.7%)
• 195 golf course frontage lots (up 7 units) with an average asking price of $32,691 (down 0.2%)
• 51 mountain-view lots (up 1 unit) with an average asking price of $36,717 (down 5.4%)
• 302 interior wooded lots with an median asking price of $7,000 (unchanged)

Lots Sold and Closed from December 1, 2011 through January 31, 2012

There have been 6 lots sold (down 16 units) in this time period ranging in sales price from $1 to $30,000. The average number of days on the market before being sold was 175.
There were
• 0 lake lot sold in the last 60 days
• 2 golf course frontage lots sold with an average sold price of $25,000
• 1 mountain-view lot sold in the last 60 days and with a sold price of $28,000 and
• 3 interior wooded lots sold with an average sold price of $7,733.

Lots Sold and Closed from December 1, 2010 through January 31, 2011

There had been 6 lots sold in this time period ranging in sales price from $1 to $60,000. The average number of days on the market before being sold was 116.
There was
• 0 lake lots sold in this time period,
• 3 golf course frontage lots sold with an average sold price of $33,000
• 1 mountain-view lot sold with a sold price of $32,000 and
• 2 interior wooded lots sold with an average sold price of $6,000.



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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