The numbers are in for the mid-year in residential real estate sales in Garland County, Arkansas. Compared to the year before, residential sales are up 10% over the same period of last year, and up 20% over the previous month (5/2014).
Below is an overview of sales for the first quarter:
Average Days on Market
1/1/13 – 6/30/13: 172
1/1/14 – 6/30/14: 169
Number of Listings Sold
1/1/13 – 6/30/13: 561
1/1/14 – 6/30/14: 609
Average Price of Sold Listings
1/1/13 – 6/30/13: $160,165
1/1/14 – 6/30/14: $163,081
MLS Sold Volume
1/1/13 – 6/30/13: $89,852,945
1/1/14 – 6/30/14: $99,316,381
(data obtained from the Hot Springs Board of Realtors mls. This report includes ALL residential sales in Garland County sold by a licensed real estate agent who is a member of the Hot Springs Board of Realtors mls - including land, condos, mobile homes, single family homes and other properties categorized as residential)
Click here to take a look at the next report that shows a more detailed overview of the current market in Garland County, AR. This report will give you a better look at the supply and demand of homes.
Contrary to the norm for the summer months, inventory dropped a little more in June with a 36% increase in single family home sales which offset the drop in condo sales for that month.
Land sales are also on the rise this year with a 29% increase in total sales volume over this same time period last year. At mid-year in 2013 there were 75 parcels sold with an average sales price of $55,584. This year during the same period there were 68 parcels sold with an average sales price of $79,508. … fewer sales, but at higher prices.
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.
Jeff and Paulia Kennedy