Hot Springs Village Market Statistics

Saline Real Estate Market Report - September 2014

According to the September Housing Market Report published by the Arkansas Association of REALTORS@, sales of new and existing residential units in Saline County, Arkansas, are up slightly from last year, and prices are about the same as last year.  

The average sale price for new and existing residential units sold during the month of September 2014 was $175,245, up from $169,597 in September 2013.  For the first nine months of 2014, the average sale price was $168,984, down slightly (1.62%) from $171,136 in 2013.  

There were 161 units sold in September, up from 147 in September 2013, and year-to-date 2014 units sold were 1,268, up from 1,188 in 2013.

Click here to read the full report on the Arkansas Association of REALTORS® website.

Garland County Real Estate Market Report - September 2014

According to the September Housing Market Report provided by the Arkansas Association of REALTORS®, the Garland County real estate market has been improving.  The sold units and average sale prices are both up . . . perhaps not significantly . . . but moving in the right direction.

There were 133 new and existing residential units sold for September 2014, up from 117, or +13.68% from September 2013.  The year-to-date figures also reflect favorably with 1,050 units sold year to date compared to 956 for the same period in 2013.

The average prices were also up from last year.  The average price per sold residential unit in September 2014 was $195,150, up from $181,884 in September 2013.  Year to date average price was $174,599, up from $172,123 for the same period in 2013.

Click Here to read the full report at the Arkansas Association of REALTORS® website.

2014 Expected to Have Strong Finish

The average listing price for homes for sale in Hot Springs Village for the week ending July 30 was $209,500.  The median sales price for May 14 to Jul 14 was $299,000, and the average price per square foot is approximately $116, an increase of 16% compared to the same period last year.   

There are approximately 1,000 resale homes, new homes, (CORRECTION 8/26/14: and vacant lots) available in Hot Springs Village, including 20+ homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

Read the NAR Daily News Magazine article and see what NAR leaders have to say about the outlook for the real estate market for the rest of the year.

2014 Expected to Have Strong Finish -

Despite hitting a soft spot in the first quarter, home sales are expected to make a strong showing in the second half of 2014, says NAR’s... [NAR Daily News Magazine]