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This real estate market presents several buying opportunities for people that can afford to buy homes in the area. There are several foreclosures for sale in the Little Rock Area. They range in price from $6,900 to $666,900. Currently there are 79 foreclosures for sale in the little Rock area.
Several of them are good deals for investors or home buyers that are looking for a good investment. For a free list of Little Rock foreclosures visit www.homesinlittlerock.net.
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Currently, there are a variety of Little Rock Homes for sale. The total number of homes for sale on the MLS in Little Rock and North Little Rock is 1940.
There are 624 Little Rock homes for sale priced below a 100k. That is over 30% of the homes listed on the market for over 100K. With interest rates being as low as they are, monthly payments are very affordable.
There are 1434 Little Rock homes for sale listed under 250k. That is over 70% of the homes listed in Little Rock priced under 250K. Many of these homes have and incredible amount of square footage for the price.
Little rock offers affordable homes with tasteful designs to attract any home buyer. If you are interested in browsing homes, visit www.homesinlittlerock.net.
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After just under a 14% increase in sold homes in May, June's only showed a 3.1% increase. Obviously a result of a slowing of closings after the Tax
Credit ending of contract time at the end of May. The number of listings on the market also increase in both months but instead of slowing, the number of listing increase. May had a 3.1 % increase and June had a 7.5% increase in properties on the market. These figures lead to a decrease of days on the market in May to 93 average days on market, but lost half that with an increase in the average days on market to 97 days at the end of June. Even though interest rates remain in the 4.5% range there seems to be no real urgency for buyers to make a decision in the market. Look for the market to become more competitive with more listings and about the same or less sales. It is even more important for homes for sale to be priced right, be in good condition and show well to sale. These properties seem to sale quickly and all others set around.
| May '10 | |||||
| MLS | Solds | Avg. Solds | Active | Abs. Rate | Aver Days |
| Area | 6 Mos. | Per Mo | Listings | in Mos. | on Market |
| LR Area 5 | 222 | 37.00 | 182 | 4.9 | 74 |
| Maumelle | 197 | 32.83 | 165 | 5.0 | 75 |
| Area 11 NLR | 130 | 21.67 | 117 | 5.4 | 81 |
| Sherwood | 219 | 36.50 | 201 | 5.5 | 83 |
| LR Area 7 | 315 | 52.50 | 305 | 5.8 | 87 |
| Otter Creek | 61 | 10.17 | 71 | 7.0 | 105 |
| Area 10 NLR | 94 | 15.67 | 119 | 7.6 | 114 |
| LRArea 3 | 112 | 18.67 | 146 | 7.8 | 117 |
| LR Area 17 | 123 | 20.50 | 214 | 10.4 | 157 |
| All Areas | 1473 | 246 | 1520 | 6.2 | 93 |
| Last Month | 1295 | 216 | 1473 | 6.8 | 102 |
| Cabot | 425 | 70.83 | 428 | 6.0 | 91 |
| Jacksonville | 138 | 23.00 | 184 | 8.0 | 120 |
| All w/C&J | 2036 | 339.33 | 2132 | 6.3 | 94 |
| Chenal only | 64 | 10.67 | 117 | 11.0 | 165 |
| Price Range | |||||
| 100-200 | 812 | 135.33 | 584 | 4.3 | 65 |
| 201-300 | 304 | 50.67 | 342 | 6.8 | 101 |
| 301-400 | 116 | 19.33 | 182 | 9.4 | 141 |
| 401-500 | 40 | 6.67 | 103 | 15.5 | 232 |
| 501-999 | 37 | 6.17 | 136 | 22.1 | 331 |
| 1000000+ | 9 | 1.50 | 46 | 30.7 | 460 |
| Solds up 13.7% | |||||
| listingsup3.1% | |||||
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DOM down 8.8%
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| June'10 | ||||||
| MLS | Solds | Avg. Solds | Active | Abs. Rate | Aver Days | |
| Area | 6 Mos. | Per Mo | Listings | in Mos. | on Market | |
| Maumelle | 205 | 34.17 | 169 | 4.9 | 74 | |
| Sherwood | 229 | 38.17 | 207 | 5.4 | 81 | |
| LR Area 5 | 216 | 36.00 | 202 | 5.6 | 84 | |
| Area 11 NLR | 138 | 23.00 | 130 | 5.7 | 85 | |
| LR Area 7 | 327 | 54.50 | 332 | 6.1 | 91 | |
| Otter Creek | 57 | 9.50 | 80 | 8.4 | 126 | |
| Area 10 NLR | 94 | 15.67 | 139 | 8.9 | 133 | |
| LRArea 3 | 118 | 19.67 | 161 | 8.2 | 123 | |
| LR Area 17 | 135 | 22.50 | 214 | 9.5 | 143 | |
| All Areas | 1519 | 253 | 1634 | 6.5 | 97 | |
| Last Month | 1473 | 246 | 1520 | 6.2 | 93 | |
| Cabot | 415 | 69.17 | 441 | 6.4 | 96 | |
| Jacksonville | 129 | 21.50 | 180 | 8.4 | 126 | |
| All w/C&J | 2063 | 343.83 | 2255 | 6.6 | 98 | |
| Chenal only | 73 | 12.17 | 116 | 9.5 | 143 | |
| Price Range | ||||||
| 100-200 | 845 | 140.83 | 651 | 4.6 | 69 | |
| 201-300 | 295 | 49.17 | 364 | 7.4 | 111 | |
| 301-400 | 126 | 21.00 | 181 | 8.6 | 129 | |
| 401-500 | 44 | 7.33 | 101 | 13.8 | 207 | |
| 501-999 | 43 | 7.17 | 140 | 19.5 | 293 | |
| 1000000+ | 10 | 1.67 | 48 | 28.8 | 432 | |
| Solds up 3.1% | ||||||
| listings up 7.5% | ||||||
| DOM up 4.3% |
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Deck Maintenance Little Rock Company uses environmentally safe products to gently clean and protect exterior wood surfaces without causing damage to the wood.
Little Rock, AR – Deck Maintenance Little Rock Company, Wood Re New, is known for their environmentally responsible approach to exterior wood restoration services. Deck cleaning and sealing by Wood Re New revitalizes weathered, gray wood decks, fences, siding and more, without danger to pets, people or property.
Deck Maintenance Little Rock Company, proprietary cleaner is specifically designed to clean wood fibers, remove mold and mildew, and rinse away with low pressure to avoid damage to the wood. The unique process does not require the use of any chlorine bleach or acids on wood surfaces.
This environmentally responsible approach to deck cleaning and sealing continues to be part of Wood Re New’s primary vision both during, and beyond the development of their “private label” Wood Protector that repels water and blocks harmful U.V rays that degrade and discolor wood to gray or black.
Wood Re New lives up to their company slogan, “Why Replace when you can Re New?” There is no reason to haul a weathered deck to the landfill and kill another tree to build a new one. Wood Re New services bring new life to all exterior wood surfaces so they look as good (or better than) they did when they were new.
Wood RE New began franchising in 2002 and they have blossomed across the map with impressive success, boasting the nation’s largest and most successful deck and fence restoration company with 23 locations in 10 states. Wood Re New continues to actively offer franchise opportunities. Visit http://www.woodrenew.com to learn more.
Wood Re New of Central Arkansas, LLC
Jack Bowen
113601 Windsor Road
Little Rock, AR 72212
501-982-9663
Learn more about us; read our latest blog post at http://deckcleaningandsealinglittlerock.blogspot.com/2010/03/deck-cleaning-and-sealing-tips-from.html
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April was a good month for home sale numbers and market trends in the Little Rock area. The number of homes that sold was up 3.3% over March six month trends and the number of listings on the market remain all most unchanged. Average Days on Market trended down by almost 3% to 102 days for all areas with over half of the market areas being at or under 90 days on market. This is a very positive move since the average days on market has been going up for the last few months. A lot of things probably contributed to this positive movement. Spring time sales period, tax credits, and great interest rates being the main ones. The tax credits are now gone but the other two factors remain in place and the economy and consumers confidence seems to be moving in a positive direction.
April of 2009 was first time this report was published on Absorption Rate and sales over a 6 month period to see how the market was trending. A year later the market has shown improvement in most areas. The number of sold homes in the previous 6 months has gone up by 18% and the number of listings on the market has only gone up .5%. The average days on the market at the end of April 2009 was 115 and this April ended with 102 average days to market. The market is improving even though it may be slow at times, but that is probably how it will continue as a slow improvement over the balance of this year. It will be interesting to see how it goes.
| April '10 | |||||
| MLS | Solds | Avg. Solds | Active | Abs. Rate | Aver Days |
| Area | 6 Mos. | Per Mo | Listings | in Mos. | on Market |
| Maumelle | 168 | 28.00 | 154 | 5.5 | 83 |
| LR Area 5 | 195 | 32.50 | 181 | 5.6 | 84 |
| Area 11 NLR | 124 | 20.67 | 119 | 5.8 | 86 |
| LR Area 7 | 245 | 40.83 | 263 | 6.4 | 97 |
| Otter Creek | 72 | 12.00 | 72 | 6.0 | 90 |
| Sherwood | 189 | 31.50 | 215 | 6.8 | 102 |
| Area 10 NLR | 91 | 15.17 | 108 | 7.1 | 107 |
| LR Area 3 | 103 | 17.17 | 155 | 9.0 | 135 |
| LR Area 17 | 108 | 18.00 | 206 | 11.4 | 172 |
| All Areas | 1295 | 216 | 1473 | 6.8 | 102 |
| Last Month | 1254 | 209 | 1463 | 7.0 | 105 |
| Cabot | 397 | 66.17 | 388 | 5.9 | 88 |
| Jacksonville | 130 | 21.67 | 170 | 7.8 | 118 |
| All w/C&J | 1822 | 303.67 | 2031 | 6.7 | 100 |
| Chenal only | 61 | 10.17 | 112 | 11.0 | 165 |
| Price Range | |||||
| 100-200 | 717 | 119.50 | 605 | 5.1 | 76 |
| 201-300 | 260 | 43.33 | 294 | 6.8 | 102 |
| 301-400 | 102 | 17.00 | 172 | 10.1 | 152 |
| 401-500 | 43 | 7.17 | 93 | 13.0 | 195 |
| 501-999 | 40 | 6.67 | 139 | 20.9 | 313 |
| 1000000+ | 8 | 1.33 | 42 | 31.5 | 473 |
| Solds up 3.3% | |||||
| Listings up 0.1% | |||||
| DOM down 2.9% |
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