Luxury Home Sales Up 24%
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/