Best Time of Year to Snatch up a Bargain in Hot Springs
Summer is almost over and a new season is around the corner. Change is often exciting and refreshing, and it’s always fun to watch the activities change in our booming little resort town. The “end of summer” also has an impact on the real estate market in Hot Springs. Families are settling in and focusing on the upcoming school year ahead, while savvy investors are on the rise in search for those bargain buys in the real estate market. It’s normally the best time of year to snatch up a bargain. While there are still plenty of homes on the market, inventory is down 9% compared to this time last year. The residential real estate market continues to improve. The total sales volume is up 14% year-over-year for Garland County. The resort home market is the major component for the increase in sales volume. The number of single-family lake home sales are up 33% while lake condo sales are only up 9%. The average selling price of lake homes also rose 7%, with the average selling price of