Hot Springs Market Update

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 homes.
As expected, inventory is also climbing and competition is heating up for sellers.  April’s inventory is up 5% over March’s inventory.  In an effort to level the playing field for our sellers in this buyers’ market, we’re always looking for ways to improve our marketing efforts.  So we’re excited to announce that we have added another marketing tool to our services to help our sellers outshine the competition and ultimately sell faster for more money.  Paulia has recently completed additional training in staging homes and is now the only Accredited Staging Professional in Hot Springs, and we are offering this service to our clients at no additional charge.  This service includes a full analysis of your home inside and out.  (note - expect complete honesty and teamwork.)
If we can help more, please don’t hesitate to give us a call at 501.655.6247.  It is always our pleasure to serve you.
Warm regards,
Jeff and Paulia 

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