What else can you expect in 2020?! One thing is for sure … 2020 is not short on surprises. Who would have guessed that one of Hot Springs’ iconic places would have changed hands? Last month local entrepreneur, Lee Beasley bought McClard’s Bar-B-Q from the McClard family. Oaklawn broke records on pony bets in spite of the pandemic with no fans in the grandstands this year. The camp grounds have been busting at the seams with families flocking to the woods, and Lake Hamilton has been overflowing with boaters every weekend. Every day looks like a holiday around Hot Springs.
Take a look at the latest real estate market for residential properties sold in Garland County. Inventory continues to drop with only 542 homes on the market today, creating a scramble for home buyers.
Average Days on Market
1/1/19 – 5/31/19: 122
1/1/20 – 5/31/20: 136
Number of Properties Sold
1/1/19 – 5/31/19: 739
1/1/20 – 5/31/20: 679
Average Price of Sold Listings
1/1/19 – 5/31/19: $179,014
1/1/20 – 5/31/20: $192,253
MLS Sold Volume
1/1/19 – 5/31/19: $132,291,525
1/1/20 – 5/31/20: $130,539,914
(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 you have been dreaming of starting up a new business, buying a vacation home, building a tiny home in the woods … this may be your year! Anything is possible in 2020. Shoot for the moon, and let us know if there’s anything we can do to help make those dreams come true.
