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 | Little Rock, AR Real Estate Blog |
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Wednesday, 17 December 2008
Pulaski County – November Market Analysis and Absorption Rate Figures
The numbers in the chart below represent Pulaski County’s Active Listings, Listings Under Contract, and Sold Listings during the month of November. Pulaski County’s absorption rate is 11.8 right now. Absorption Rate is determined by dividing the total number of Listings by the Solds in any one month period. Absorption Rate tells us that if nothing else were Listed and Market Conditions stayed the same, it would take consumers (11.8 months) to absorb all of the Listing inventory.
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November Market Analysis - Pulaski County (Sold Homes Data - 11/1/2008 - 11/30/2008)
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Status
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Class
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Type
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Area
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No. of Listings
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Dollar Volume
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Average Price
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Median Price
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Average DOM
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Active Listings
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2880
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$692,549,164
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$240,468
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$173,200
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140
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Listings Under Contract
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312
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$61,863,402
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$198,280
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$136,450
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76
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Listings Sold Nov. 2008
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244
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$38,731,252
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$158,735
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$133,750
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87
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Sold
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Residential
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Condo/Townhse/Duplex/Apt
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LIT - WEST LITTLE ROCK (NORTH)
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3
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$708,500
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$236,167
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$250,000
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263
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LIT - WEST LITTLE ROCK (NORTHWEST)
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2
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$195,000
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$97,500
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$97,500
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37
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Sub Total
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5
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$903,500
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$180,700
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$153,500
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172
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Detached
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LITTLE ROCK (DOWNTOWN)
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8
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$186,500
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$23,313
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$19,750
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245
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LITTLE ROCK (HEIGHTS/HILLCREST)
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10
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$2,927,300
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$292,730
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$159,750
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84
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LITTLE ROCK (UALR)
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5
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$304,150
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$60,830
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$60,000
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70
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LIT - WEST LITTLE ROCK (NORTH)
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25
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$5,076,700
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$203,068
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$148,000
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59
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LIT - WEST LITTLE ROCK (CENTRAL)
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11
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$1,235,500
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$112,318
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$104,000
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68
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LIT - WEST LITTLE ROCK (NORTHWEST)
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32
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$7,187,338
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$224,604
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$204,000
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88
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LIT - SOUTHWEST LITTLE ROCK (CENTRAL)
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4
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$271,500
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$67,875
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$66,500
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69
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LIT - SOUTHWEST LITTLE ROCK (SOUTH)
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16
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$1,091,400
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$68,213
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$68,000
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81
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NORTH LITTLE ROCK (WEST/CRYSTAL HILL)
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15
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$1,129,801
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$75,320
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$84,000
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59
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North Little Rock (CENTRAL)
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11
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$1,715,300
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$155,936
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$120,000
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72
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NORTH LITTLE ROCK (DOWNTOWN/EAST)
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6
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$258,051
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$43,009
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$23,450
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70
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JACKSONVILLE
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17
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$1,804,200
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$106,129
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$123,000
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115
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BRYANT
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1
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$135,000
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$135,000
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$135,000
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79
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PULASKI COUNTY WEST
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9
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$2,594,550
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$288,283
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$287,900
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132
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MAUMELLE
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21
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$4,367,312
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$207,967
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$185,000
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93
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LIT - OTTER CREEK, WESTFIELD & SURROUNDING AREAS
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4
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$629,400
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$157,350
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$147,500
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110
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SHERWOOD
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24
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$3,661,000
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$152,542
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$140,000
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73
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PULASKI COUNTY (NORTH)
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2
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$298,500
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$149,250
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$149,250
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83
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NORTH LITTLE ROCK - EAST OF I-440 TO LONOKE CTY LINE
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1
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$178,000
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$178,000
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$178,000
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195
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Sub Total
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222
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$35,051,502
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$157,890
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$129,900
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88
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Mobile/Mod/Mfg w/Property
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PULASKI COUNTY WEST
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1
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$18,000
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$18,000
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$18,000
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159
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SHERWOOD
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1
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$12,000
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$12,000
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$12,000
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6
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Sub Total
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2
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$30,000
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$15,000
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$15,000
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83
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Patio Home
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LIT - WEST LITTLE ROCK (NORTHWEST)
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6
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$1,175,700
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$195,950
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$183,450
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83
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MAUMELLE
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1
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$144,000
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$144,000
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$144,000
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59
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LIT - OTTER CREEK, WESTFIELD & SURROUNDING AREAS
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1
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$200,000
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$200,000
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$200,000
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38
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Sub Total
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8
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$1,519,700
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$189,963
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$183,450
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74
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Sold Before Listed
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Residential
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Detached
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LIT - WEST LITTLE ROCK (CENTRAL)
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1
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$66,500
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$66,500
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$66,500
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0
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LIT - WEST LITTLE ROCK (NORTHWEST)
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2
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$592,000
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$296,000
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$296,000
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1
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NORTH LITTLE ROCK (DOWNTOWN/EAST)
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1
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$175,000
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$175,000
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$175,000
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0
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NORTH LITTLE ROCK - EAST OF I-440 TO LONOKE CTY LINE
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2
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$246,050
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$123,025
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$123,025
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0
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Sub Total
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6
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$1,079,550
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$179,925
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$127,025
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0
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Patio Home
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SHERWOOD
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1
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$147,000
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$147,000
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$147,000
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0
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Sub Total
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1
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$147,000
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$147,000
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$147,000
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0
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Wednesday, 17 December 2008
Saline County – November Market Analysis and Absorption Rate Figures
The numbers in the chart below represent Saline County’s Active Listings, Listings Under Contract, and Sold Listings during the month of November. Saline County’s absorption rate is 9.6 right now. Absorption Rate is determined by dividing the total number of Listings by the Solds in any one month period. Absorption Rate tells us that if nothing else were Listed and Market Conditions stayed the same, it would take consumers (9.6 months) to absorb all of the Listing inventory.
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November Market Analysis - Saline County (Sold Homes Data - 11/1/2008 - 11/30/2008)
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Status
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Class
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Type
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Area
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No. of Listings
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Dollar Volume
|
Average Price
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Median Price
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Average DOM
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Active Listings
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845
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$185,016,095
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$218,954
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$179,500
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137
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Listings Under Contract
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122
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$17,486,957
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$143,336
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$131,200
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84
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Listings Sold Nov. 2008
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88
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$13,586,555
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$154,393
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$136,450
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91
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Sold
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Residential
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Detached
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LIT - SOUTHWEST LITTLE ROCK (SOUTH)
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1
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$80,000
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$80,000
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$80,000
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53
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BRYANT
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26
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$4,098,055
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$157,618
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$142,750
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58
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BENTON
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30
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$3,350,100
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$111,670
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$103,150
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75
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SHERIDAN SCHOOLS (SALINE COUNTY)
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2
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$380,000
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$190,000
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$190,000
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232
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BAUXITE
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4
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$589,000
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$147,250
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$152,250
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131
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HARMONY GROVE
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5
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$753,100
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$150,620
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$141,100
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124
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HOT SPRINGS VILLAGE (FOUNTAIN LAKE SD)
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13
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$3,436,900
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$264,377
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$230,000
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176
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Sub Total
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81
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$12,687,155
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$156,632
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$137,900
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95
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Mobile/Mod/Mfg w/Property
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BENTON
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1
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$72,500
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$72,500
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$72,500
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85
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SHERIDAN SCHOOLS (SALINE COUNTY)
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2
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$66,000
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$33,000
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$33,000
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69
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Sub Total
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3
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$138,500
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$46,167
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$50,000
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74
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Rural Residential
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BENTON
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1
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$179,900
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$179,900
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$179,900
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77
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Sub Total
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1
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$179,900
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$179,900
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$179,900
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77
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Sold Before Listed
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Residential
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Detached
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BRYANT
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2
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$206,000
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$103,000
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$103,000
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0
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HOT SPRINGS VILLAGE (FOUNTAIN LAKE SD)
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1
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$375,000
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$375,000
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$375,000
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0
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Sub Total
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3
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$581,000
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$193,667
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$141,000
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0
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Wednesday, 03 December 2008
4031 Hermitage Drive
Benton, Arkansas 72019
Price: $199,900.00
Beds: 3
Baths: 2
Sq Ft: 2064
This nice Hurricane Meadows home has just been reduced to an awesome $199,900! The exterior is brick with rock; it has a nice foyer with beautiful hardwood floor, large living room with tray ceiling and gas log fireplace, formal dining room with hardwood floor, eat-in kitchen with tile floor, granite countertops and breakfast bar and an office or 4th bedroom. It's beautifully landscaped, with privacy fenced backyard and a 2 car garage! This Benton, Arkansas home may be just what you're looking for! Schedule your private showing today!
Wednesday, 03 December 2008
Are you asking yourself the question, “Should I buy a home now or wait for a better market?” If this is you, please read on. On November 3, 2008, you could obtain a 30 year fixed rate loan at 6.50%. On a $100,000 home loan, the payment would be $632.07 per month. On December 2, 2008, the interest rate would have been 5.50%. What does that mean you ask? It means that same $632.07 (principal and interest) payment could get you an $111,321 loan or 11.3% more home. That $100,000 loan mentioned earlier would cost you $567.79 per month (10.1% smaller house payment). These historically low interest rates mean it is time to buy! Homes and money are on sale NOW! Don’t wait to take advantage of this or it will be too late.
** Figures provided by Laura Criner of US Bank Home Mortgage.
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