Hot Springs Skinny

The numbers are in for November of the residential real estate market in Garland County, Arkansas.  Compared to last year’s market, residential sales are up 13%, and inventory is down another 1% since last month.  Average Days on Market 1/1/12 – 11/30/12:  193 1/1/13 – 11/30/13:  173             Number of Listings Sold 1/1/12 – 11/30/12:    980 1/1/13 – 11/30/13:  1114                     Average Price of Sold Listings 1/1/12 – 11/30/12:  $168,212 1/1/13 – 11/30/13:  $167,424 MLS Sold Volume 1/1/12 – 11/30/12:    $164,848,095 1/1/13 – 11/30/13:    $186,510,420 (data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported thru our local mls) Click here to take a look at the next report that shows a more detailed overview of the current market in Garland County, AR. This report will give you a better look at the supply and demand of homes.   As the spirit of the holidays are here, we are reminde

  The numbers are in for October of the residential real estate market in Garland County, Arkansas.  Compared to last year’s market, residential sales are up 15%, and inventory is down another 2% since last month.  Every month we publish a Market Update Report to keep our clients, friends and potential clients up-to-date on the constant changes in our real estate market here in Hot Springs.   It is part of our commitment to regularly stay in touch with people who are important to us and keep them at the forefront of our market. Average Days on Market 1/1/12 – 10/31/12:  193 1/1/13 – 10/31/13:  173              Number of Listings Sold 1/1/12 – 10/31/12:    895 1/1/13 – 10/31/13:  1035                    Average Price of Sold Listings 1/1/12 – 10/31/12:  $167,902 1/1/13 – 10/31/13:  $167,693           MLS Sold Volume 1/1/12 – 10/31/12:    $150,272,520 1/1/13 – 10/31/13:    $173,562,413 (data obtained from the Hot Springs Board of Realtors mls, and it does not include home sa

  The numbers are in for the third quarter of the residential real estate market in Garland County, Arkansas.   Compared to last year’s market, residential sales are up 19%, and inventory is still dropping … down 2% since last month.   This is great news with the pendulums still swinging in the right direction.   While overall sales are up for the year, sales for September did drop 24% compared to August – yet we still had a much better September this year as opposed to last September with those numbers at 107 homes sold vs. 78 homes sold.  We’re not fretting over this, as it’s very typical for our resort market to see sales slow down a bit after Labor Day. Every month we publish a Market Update Report to keep our clients, friends and potential clients up-to-date on the constant changes in our real estate market here in Hot Springs.  It is part of our commitment to regularly stay in touch with people who are important to us and keep them at the forefront of our mar

The numbers are in for August for the residential real estate market in Garland County, Arkansas and it has brought some exciting changes.  Compared to last year’s market, residential sales are up 18%.  While sales are rising, inventory is still dropping - down 3% since last month, and August sales jumped 38% over last month with the biggest increase shown in single  family homes sold under $150,000.  Every month we publish a Market Update Report to keep our clients, friends and potential clients up-to-date on the constant changes in our real estate market here in Hot Springs.  It is part of our commitment to regularly stay in touch with people who are important to us and keep them at the forefront of our market. Average Days on Market 1/1/12 – 8/31/12:  191 1/1/13 – 8/31/13:  175             Number of Listings Sold 1/1/12 – 8/31/12:  710 1/1/13 – 8/31/13:  819                    Average Price of Sold Listings 1/1/12 – 8/31/12:  $163,300 1/1/13 – 8/31/13:  $167,

  The numbers are in for July for the residential real estate market in Garland County, Arkansas and it shows that our market is still improving.  Compared to last year’s market, residential sales are up 13%.  While sales are rising, inventory is dropping (down 6% since last month), and it’s all  GOOD!  Below is an overview of the local market.  We prepared this report from data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported thru the local mls.  Average Days on Market 1/1/12 – 7/31/12:  189 1/1/13 – 7/31/13:  176             Number of Listings Sold 1/1/12 – 7/31/12:  610 1/1/13 – 7/31/13:  667                    Average Price of Sold Listings 1/1/12 – 7/31/12:  $160,472 1/1/13 – 7/31/13:  $166,051           MLS Sold Volume 1/1/12 – 7/31/12:    $97,888,147 1/1/13 – 7/31/13:  $110,756,106 Click here to take a look at the next report that shows a more detailed overview of the cu

The numbers are in for April for the residential real estate market in Garland County, Arkansas.  Below is an overview of our local market.   This report was compiled from data obtained from the Hot Springs Board of Realtors mls, and does not include home sales by owner, or other sales not reported thru the local mls.   Average Days on Market 1/1/12 – 4/30/12:  183 1/1/13 – 4/30/13:  176             Number of Listings Sold 1/1/12 – 4/30/12:  303 1/1/13 – 4/30/13:  340                        Average Price of Sold Listings 1/1/12 – 4/30/12:  $148,235 1/1/13 – 4/30/13:  $151,851           MLS Sold Volume 1/1/12 – 4/30/12:  $44,915,208 1/1/13 – 4/30/13:  $51,629,449           Good news … Notice that all of the numbers above are better numbers than the year before.   Please note that the report above does include residential land sales, and the detailed graph reports on the clickable link will show a clearer picture of home sales (and does not incl

The numbers are in for the first quarter for residential real estate market in Garland County, Arkansas.  Below is an overview of our local market.   (This report was compiled from data obtained from the Hot Springs Board of Realtors mls, and does not include home sales by owner, or other sales not reported thru the local mls.) Average Days on  Market 1/1/12 – 3/31/12:  183 1/1/13 – 3/31/13:  173             Number of Listings Sold 1/1/12 – 3/31/12:  220 1/1/13 – 3/31/13:  213                       Average Price of Sold Listings 1/1/12 – 3/31/12:  $138,153 1/1/13 – 3/31/13:  $147,352            MLS Sold Volume 1/1/12 – 3/31/12:  $30,393,831 1/1/13 – 3/31/13:  $31,386,041           Click here  for a more detailed report of the current market in Garland County, AR.  The numbers for our area are now showing signs of an upswing.  According to USA Today’s recent report – “Boomerang Buyers” may be a strong force behind the upswing in home sales in 2013.  “Boomerang Buyer

The numbers are in for January for the residential real estate market in Garland County, Arkansas.  Below is an overview of our local market.   (This report was compiled from data obtained from the Hot Springs Board of Realtors mls, and does not include home sales by owner, or other sales not reported thru the local mls.) Average Days on Market 1/1/12 – 1/31/12:  179 1/1/13 – 1/31/13:  117             Number of Listings Sold 1/1/12 – 1/31/12:  72 1/1/13 – 1/31/13:  63                       Average Price of Sold Listings 1/1/12 – 1/31/12:  $120,570 1/1/13 – 1/31/13:  $128,281            MLS Sold Volume 1/1/12 – 1/31/12:  $8,681,040 1/1/13 – 1/31/13:  $8,081,761             Click here  for a more detailed report of the current market in Garland County, AR.  While January kicked off a little slower this year, national reports are indicating that the housing market is picking up across the country.  We believe the lag in home sales for our area is not surprising

The numbers are in for last year for the residential real estate market in Garland County, Arkansas.  Overall, residential sales are up 2% over the 2011 market. Below is an overview of our local market.   (This report was compiled from data obtained from the Hot Springs Board of Realtors mls, and does not include home sales by owner, or other sales not reported thru the local mls.) Average Days on Market 1/1/11 – 12/31/11:  171 1/1/12 – 12/31/12:  191              Number of Listings Sold 1/1/11 – 12/31/11:  1027 1/1/12 – 12/31/12:  1046                        Average Price of Sold Listings 1/1/11 – 12/31/11:  $167,984 1/1/12 – 12/31/12:  $168,530             MLS Sold Volume 1/1/11 – 12/31/11:  $172,520,472 1/1/12 – 12/31/12:  $176,283,390             Click here  for a more detailed report of the current market in Garland County, AR.  If you have been following our market reports, you may have noticed that the inventory of homes for sale is at record lows,