Hot Springs Market Update

This month marks our 16th anniversary of calling Hot Springs home. At the time, it was a BIG leap of faith following a dream which meant leaving a secure lifestyle in Memphis, Tennessee to move to a small town with everything unknown – but guess what?  It was one of the best decisions we ever made, and we are still LOVING Hot Springs. 
If you’ve been on the fence about choosing Hot Springs as your next home, or you’ve been thinking about buying that perfect little vacation retreat – we would love to help! We’ve been in your shoes, and know all of your questions.
If Hot Springs is already home and you’re ready to upsize, downsize or just want something different – we would love to help!  We know the market well, and superb marketing is our specialty.  
If other commitments are calling you away from Hot Springs, we hate to see you go but we will do our best to help you with a smooth transition to your next home.  After years of networking with real estate agents across the country, we have many awesome referral resources and we would be happy to connect you.
Whether you are buying or selling, it’s a great time to make a move. The real estate market in Hot Springs is doing great, and we have prepared the latest market update for you. According to the Hot Springs Realtors Association data for September the overall residential sales volume for the year is up 21% over last year. 
Below is an overview of this year’s residential sales in Garland County compared to this same time period year-over-year.
Average Days on Market
1/1/17 – 9/30/17:  170
1/1/18 – 9/30/18:  148           
Number of Listings Sold
1/1/17 – 9/30/17:  1,182
1/1/18 – 9/30/18:  1,371                 
Average Price of Sold Listings
1/1/17 – 9/30/17:  $180,855
1/1/18 – 9/30/18:  $189,729

MLS Sold Volume
1/1/17 – 9/30/17:  $213,770,727
1/1/18 – 9/30/18:  $259,929,470
(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 home sales in Garland County, AR. This report will give you a better look at the supply and demand of homes. 
If we can help more, please give us a call today at (501) 655-6247. It is always our pleasure to serve you.  Life is short. Follow your dreams and make the most of everyday!
Warm regards,
Jeff and Paulia Kennedy
Hot Springs 1stChoice Realty
(501) 655-6247
Jeff@BestofHotSprings.com

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