Posted by: Rob | January 12, 2012

Your January Real Estate Update

The real estate business for 2011 in Hot Springs looked very similar to 2010.   Based on MLS data taken from the Hot Springs Board of Realtors,  2011 residential home sales were fairly flat with 2010 numbers.  Overall, sales were off about 2%.  The waterfront condo segment had the biggest drop, off about 20%.  Single-family homes were about even with last year.  Waterfront home sales were up slightly.

                                        Units Sold             Total Sales         Avg Sales Price

All  Homes/Condos

LYTD                                     1131                          $187m              $165,378

YTD                                       1109                         $183m              $164,977

Non-Lake Homes

LYTD                                      887                         $116.5m               $131,384

YTD                                       886                         $115.7m               $130,645

Lake Homes

LYTD                                      128                         $48m                 $373,825

YTD                                        135                          $49.4m             $366,021

Lake Condos

LYTD                                     116                        $22.6m               $195,304

YTD                                       88                          $18m                 $202,226

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