Is the Hot Springs Real Estate Market About to Explode?
This spring’s home sales season is shaping up to be the most interesting one in years in the Hot Springs area. This little tourist town has been on fire with its downtown development creating a variety of new activities, fabulous dining and trendy warehouse living. In addition, the highway expansions at both ends of the city is the icing on the cake to position the city for another surge of new real estate development. All of this excitement seems to be stirring visitors into making smart investments in our fantastic “spa city”. Some segments are hotter than others and we have been seeing sales surge in recent months.When we look closer at this year’s first quarter compared to last year’s first quarter – We have seen an uptick at the higher end of the market with an 18% increase in sales of luxury homes (homes over $500,000). The resort condo market has also experienced a 13% increase in sales. (Hint: If you have a luxury home or condo that you’ve been thinking of selling – we wou