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Rent to own! 50% rent credit! Gorgeous 4 bedroom / 2 bath 2150 square foot home in Maumelle AR!! Home has a 2 car garage, 10 foot ceilings, hardwood flooring, jetted tubs, ceramic and porcelain tile, crown mouldings, brick exterior and gas fireplace! There is also a storage building inside the fenced backyard with a concrete pad basketball court. It is located right next to a golf course and the elementary school is Pine Forest and Maumelle Middle School. Rent is $1850/mo and first months rent and money down required to move in. Please contact us at 406-250-9553 with any questions! Until next time....
Pete Olsen
Rent To Own Homes, LLC
www.50statesrent2own.com
www.activerain.com/blogs/peteolsen01
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Check out my Localism page with my blog entries and comments.
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The residential sales trends for the Little Rock, Arkansas area continue to move every slowly in a positive direction in most all areas at the end September. Homes that are in good condition and price right are selling in a reasonable time.. Supply continues to move slowly down ward and sales move upward slowly which has been a trend over the last few months.The absorption rate remains under six months for the total area and of the eleven areas monitored all but four had an average days on market of under 90 days. The areas with the longest absorption rate continue to be West Pulaski County and the Chenal area, along with the Jacksonville are both with a eight to nine month supply of homes on the market. Both these areas continue to see improvement on earlier months numbers.
| September | |||||
| MLS | Solds | Avg. Solds | Active | Abs. Rate | Aver Days |
| Area | 6 Mos. | Per Mo | Listings | in Mos. | on Market |
| Maumelle | 235 | 39.17 | 161 | 4.1 | 62 |
| LR Area 7 | 370 | 61.67 | 257 | 4.2 | 63 |
| LR Area 5 | 211 | 35.17 | 170 | 4.8 | 73 |
| Sherwood | 245 | 40.83 | 221 | 5.4 | 81 |
| LRArea 3 | 145 | 24.17 | 130 | 5.4 | 81 |
| Area 11 NLR | 146 | 24.33 | 145 | 6.0 | 89 |
| Otter Creek | 69 | 11.50 | 76 | 6.6 | 99 |
| Area 10 NLR | 107 | 17.83 | 128 | 7.2 | 108 |
| LR Area 17 | 153 | 25.50 | 234 | 9.2 | 138 |
| All Areas | 1681 | 280 | 1522 | 5.4 | 81 |
| Last Month | 1614 | 269 | 1546 | 5.7 | 86 |
| Cabot | 500 | 83.33 | 418 | 5.0 | 75 |
| Jacksonville | 140 | 23.33 | 191 | 8.2 | 123 |
| All w/C&J | 2321 | 386.83 | 2131 | 5.5 | 83 |
| Chenal only | 89 | 14.83 | 125 | 8.4 | 126 |
Looking at how the market is doing by price range shows two different markets. In prices from $100,000 to $400,000 absorption rate is under five months and above $400,000 it is just under 14 months. Some factors causing this gap are financing for loans over $415,000 is getting better but is still at a higher rate and more difficult to get than loans under that amount. First Time Buyer Tax Credit continues to help make sales good below the $250,000. Time will tell how the market is affected if the tax credit is not extended past the November 30 end date.
| Price Range | |||||
| 100-200 | 882 | 147.00 | 621 | 4.2 | 63 |
| 201-300 | 394 | 65.67 | 327 | 5.0 | 75 |
| 301-400 | 143 | 23.83 | 180 | 7.6 | 113 |
| 401-500 | 53 | 8.83 | 85 | 9.6 | 144 |
| 501-999 | 60 | 10.00 | 126 | 12.6 | 189 |
| 1000000+ | 5 | 0.83 | 54 | 64.8 | 972 |
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If you or anyone you know is looking to buy and/or sell a home, give me a call! Professional and knowledgable service is what you will get. Shoot me a message with your number and I'll give you a call. I'm not a stranger to challe...nges, so let me help you with your situation. - Your CENTURY 21 Professional
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Kevin Riley has renewed his real estate license for 2010 and will continue to work hard to take care of all those who desire to buy and/or sell a home. I handle all of the stress so you don't have to. Let's find your dream home today!!!
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