Hot Springs Skinny

The numbers are in for November in residential real estate sales in Garland County, Arkansas.  Compared to the year before, the total residential sales volume is up 4% over the same period of last year.  As we review the market closely every month, we’re pleased to report that our market has continued to make slow and steady progress, and inventory is at a record low. The total number of homes on the market in Garland County dropped below 1000 for the first time since we’ve been keeping records.   We’re optimistic that the supply and demand will continue to level and bring us a balanced market in the near future for buyers and sellers. Below is an overview of sales for this period: Average Days on Market 1/1/13 – 11/30/13:  172 1/1/14 – 11/30/14:  163  Number of Listings Sold 1/1/13 – 11/30/13:  1120 1/1/14 – 11/30/14:  1204                       Average Price of Sold Listings 1/1/13 – 11/30/13:  $167,688 1/1/14 – 11/30/14:  $162,499 MLS So

The numbers are in for the third quarter in residential real estate sales in Garland County, Arkansas.   Compared to the year before, the total residential sales volume is up 5% over the same period of last year.   As we review the market closely every month, we’re pleased to report that our market has continued to make slow and steady progress month after month this year with the luxury market still on the rise. Home sales over $500,000 are up 24% this year with a total of 41 sales over $500,000 in Garland County with three sales over a million.   The largest sale so far this year was $1,600,000 by Jeff Kennedy. Last year during this same period - there were only 33 home sales over $500,000 with one sale over a million.   Below is an overview of sales for this period: Average Days on Market 1/1/13 – 9/30/13:  173 1/1/14 – 9/30/14:  162  Number of Listings Sold 1/1/13 – 9/30/13:  949 1/1/14 – 9/30/14: 1015                       Average Price of Sold Listings 1/1/13 – 9/

The numbers are in for August in residential real estate sales in Garland County, Arkansas.   Compared to the year before, the total residential sales volume is up 3% over the same period of last year.    While the total sales volume has leveled throughout the year, the number of properties sold is up 7% over the year before.   Inventory is also steadily dropping and is down 7% as compared to this same period last year.   Below is an overview of sales for this period: Average Days on Market 1/1/13 – 8/31/13:  174 1/1/14 – 8/31/14:  164  Number of Listings Sold 1/1/13 – 8/31/13:  821 1/1/14 – 8/31/14:  880                       Average Price of Sold Listings 1/1/13 – 8/31/13:  $167,783 1/1/14 – 8/31/14:  $162,476 MLS Sold Volume 1/1/13 – 8/31/13:    $137,750,393 1/1/14 – 8/31/14:    $142,979,546 (data obtained from the Hot Springs Board of Realtors mls.   This report includes ALL residential sales in Garland County sold by a licensed real estate agent who is a membe

The numbers are in for July in residential real estate sales in Garland County, Arkansas.   Compared to the year before, residential sales are up 9% over the same period of last year, and the luxury market is making a come back. This same time last year there were 20 homes that sold over $500,000 with only one sale over a million during the first seven months of the year.   This year there have been 27 home sales over $500,000 with two sales over a million … that’s a 35% increase in our luxury market! Over the most recent years, many luxury home owners gave up and took their home off the market. Today, our team has three more luxury homes currently under contract in this price range with two of them priced over a million. It’s exciting to see this segment of the market back on the rise! Below is an overview of sales for this period: Average Days on Market 1/1/13 – 7/31/13:  175 1/1/14 – 7/31/14:  166  Number of Listings Sold 1/1/13 – 7/31/13:  670 1/1/14 – 7/31/14:  751     

The numbers are in for the mid-year in residential real estate sales in Garland County, Arkansas.  Compared to the year before, residential sales are up 10% over the same period of last year, and up 20% over the previous month (5/2014).  Below is an overview of sales for the first quarter: Average Days on Market 1/1/13 – 6/30/13:  172 1/1/14 – 6/30/14:  169  Number of Listings Sold 1/1/13 – 6/30/13:  561 1/1/14 – 6/30/14:  609                      Average Price of Sold Listings 1/1/13 – 6/30/13:  $160,165 1/1/14 – 6/30/14:  $163,081 MLS Sold Volume 1/1/13 – 6/30/13:   $89,852,945 1/1/14 – 6/30/14:   $99,316,381 (data obtained from the Hot Springs Board of Realtors mls.  This report includes ALL residential sales in Garland County sold by a licensed real estate agent who is a member of the Hot Springs Board of Realtors mls - including land, condos, mobile homes, single family homes and other properties categorized as residential) Click here  to take a look at the next rep

The numbers are in for May in residential real estate sales in Garland County, Arkansas.   Compared to the year before, residential sales are up 5% over the same period of last year, and up 12% over the previous month (4/2014).   Below is an overview of sales for the first quarter: Average Days on Market 1/1/13 – 5/31/13:  173 1/1/14 – 5/31/14:  169             Number of Listings Sold 1/1/13 – 5/31/13:  454 1/1/14 – 5/31/14:  477                       Average Price of Sold Listings 1/1/13 – 5/31/13:  $157,433 1/1/14 – 5/31/14:  $158,019 MLS Sold Volume 1/1/13 – 5/31/13:    $71,474,709 1/1/14 – 5/31/14:    $75,375,256 (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 hom

The numbers are in for April in residential real estate sales in Garland County, Arkansas.   Compared to the year before, residential sales are up 5% over the same period of last year, and up 9% over the previous month (3/2014).   Below is an overview of sales for the first quarter: Average Days on Market 1/1/13 – 4/30/13:  174 1/1/14 – 4/30/14:  167             Number of Listings Sold 1/1/13 – 4/30/13:  345 1/1/14 – 4/30/14:  361                        Average Price of Sold Listings 1/1/13 – 4/30/13:  $151,135 1/1/14 – 3/31/14:  $153,806 MLS Sold Volume 1/1/13 – 4/30/13:    $52,141,849 1/1/14 – 4/30/14:    $55,524,117 (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 hom

The numbers are in for the first quarter in residential real estate sales in Garland County, Arkansas.   Compared to the year before, residential sales are up 16% over the first quarter of last year. Below is an overview of sales for the first quarter: Average Days on Market 1/1/13 – 3/31/13:  169 1/1/14 – 3/31/14:  170             Number of Listings Sold 1/1/13 – 3/31/13:  227 1/1/14 – 3/31/14:  249                        Average Price of Sold Listings 1/1/13 – 3/31/13:  $145,340 1/1/14 – 3/31/14:  $154,980 MLS Sold Volume 1/1/13 – 3/31/13:    $32,992,391 1/1/14 – 3/31/14:    $38,590,061 (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. It’s rejuvenating to see

The numbers are in for the month of February in residential real estate sales in Garland County, Arkansas.  Compared to the year before, residential sales are up 30% over last February. Below is an overview of sales for February: Average Days on Market 1/1/13 – 2/28/13:  149 1/1/14 – 2/28/14:  163             Number of Listings Sold 1/1/13 – 2/28/13:  138 1/1/14 – 2/28/14:  158                       Average Price of Sold Listings 1/1/13 – 2/28/13:  $145,702 1/1/14 – 2/28/14:  $166,117 MLS Sold Volume 1/1/13 – 2/28/13:   $20,106,961 1/1/14 – 2/28/14:   $26,246,502 (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. If we can ever help more, please don’t hesitate to give us

AWESOME NEWS!!!!  The numbers are in for the first month of 2014 for residential real estate sales in Garland County, Arkansas, and one word sums it up …. “WOW!” Compared to the year before, residential sales are up 75% over last January. This exciting news is driven by an up-tick in our luxury market.  The Luxury Insights reported this week that "The post-recession reality is that the customer base for businesses that appeal to the middle class is shrinking as the top tier pulls even further away.” And so says The New York Times in Sunday's Business Day article: " The Middle Class Is Steadily Eroding. Just Ask the Business World. " In a nutshell: Income inequality is deepening. Affluent consumers are spending more and driving the economic engine. From restaurants to retail, appliances to casinos, the "high-end" is where the action is and it is largely driving what growth there is in the economy. "The current recovery has been driven almost entirely

The numbers are in for the year of 2013 residential real estate sales in Garland County, Arkansas, and it’s been a good year!  Compared to the year before, residential sales are up 12%, and inventory is down another 5% since last month.  Average Days on Market 1/1/12 – 12/31/12:  191 1/1/13 – 12/31/13:  171             Number of Listings Sold 1/1/12 – 12/31/12:  1049 1/1/13 – 12/31/13:  1187                     Average Price of Sold Listings 1/1/12 – 12/31/12:  $168,156 1/1/13 – 12/31/13:  $167,380 MLS Sold Volume 1/1/12 – 12/31/12:    $176,396,670 1/1/13 – 12/31/13:    $198,680,576 (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.   We predict 2014 to be a continu