January was smoking HOT in Hot Springs, Arkansas

The Spa City is in full gear, kicking off the year with a HOT real estate market in January!  Not only did Oaklawn open the gates for the thoroughbreds to run in January … the resort buyers also kicked open the gates and have been pouring into Hot Springs.  We’re back to 12 hour - 7 day work weeks and loving it (well, most of the time).
In our local market, residential sales started off 43% over last year for total sales volume in January. Below is an overview of this year’s sales compared to this same time period year-over-year. Let’s keep this momentum going and balance our market with an even playing field between buyers and sellers this year!
Average Days on Market
1/1/16 – 1/31/16:  184
1/1/17 – 1/31/17:  148            
Number of Listings Sold
1/1/16 – 1/31/16:  71
1/1/17 – 1/31/17:  86                   
Average Price of Sold Listings
1/1/16 – 1/31/16:  $157,976
1/1/17 – 1/31/17:  $187,262

MLS Sold Volume
1/1/16 – 1/31/16:  $11,216,300
1/1/17 – 1/31/17:  $16,104,550
(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 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 Kennedy
Hot Springs 1st Choice Realty
(501) 655-6247
Jeff@BestofHotSprings.com

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