Little Rock, AR

42 Kingsbridge Way

Little Rock, AR 72212

Open House

Sunday July 12, 2009

2:00 - 4:00

This Lovely Home features 2 Bedrooms and 2 1/2 Baths, New Windows, Paint and Crown Molding making it ready for you to adore.

Enjoy the privacy and tranquility available in this quiet condominium neighborhood sitting in the heart of West Little Rock providing convenient access to the area's many amenities, yet sits hidden amongst the trees providing perfect seclusion.

Play at the tennis courts, clubhouse, or pool while the yard maintenance is conducted by the association.

Arkansas Business reports the top 10 Real Estate Companies in Arkansas. Of the top 10 Keller Williams is one of 2 companies that reported sales gains over the previous year. Dana Powell, broker for KW, attributes this increase to the training at KW and learning how to sell in a shifting market. It takes skill based agents to succeed.

Three of the top teams in the state are at KW Little Rock. Roddy McCaskill Team is ranked #4, Neoma Rowell Team is #10 and The Sumbles Team is #11.

Call The Sumbles Team at 501-960-4111 or visit our web at www.TheSumblesTeam.com

The market for homes selling in Little Rock most active areas show increases in the number of sales for 6 months in all areas that are followed except for the Jacksonville which was down. The areas of Little Rock without Cabot and Jacksonville increased by 11%. There was also an increase of number of listings that are on the market for sale, up 31%. So even though sales were up the Absorption Rate and Average Days on the market increased in all areas accept for the Chenal and west Pulaski County area which decrease. Even with this decrease this area remains with the highest Absorption Rate but still good news for that market.

What does this mean for buyers and sellers in our area? I think it shows that buyers are becoming more confident and are becoming more active. The number of homes on the market increasing is because of a lot of factors probably. Seller's seeing more sales are more confident to put homes on market, employment changes in our market, and a normal time of year when listings increase are all factors that may have contributed to the increase in listings. The trend had been down for active listings till this month. If this is a trend or just a one month adjustment will need to be followed at the end of July.

Absorption Rate Through June 2009

Yes, many homes are selling fast when they hit the market here in Little Rock, but a lot of homes are taking much longer to sell. This gap between those that are selling fast and the slow sellers has expanded in this market. The residential market has become a competition of price and condition that you either win fast or lose. The homes that are priced fairly and in good condition are selling in under 30 days most of the time. The homes that are overpriced for this market either because of the condition or a seller that will not meet what the market expects for price or either sitting till the price is right or not selling at all. Sellers must realize that buyers set the market for what a house is worth. The seller needing a certain amount or just wanting a certain amount does not effect what buyers will pay for a property. Buyers understand looking at what comparable homes have sold for to decide which homes are the best values. These facts make it very important that sellers get good advice on where other homes are selling for and on getting the home ready to market. Good advice can effect how quickly the home can be sold and even more importantly the bottom line.

The Arkansas Realtors Association posts monthly reports about the Pulaski County real estate market. Most of the time their reports run a couple of months behind, but are very informative. Currently on their website they have an April report available.

I end up only using the Pulaski county report to write about the Little Rock real estate market. The April report shows that Pulaski County was down 5.43% from April of last year in total home sales. The state of Arkansas was down 10.42% in total home sales compared to last year's April.

The Little Rock real estate market is down compared to last year, but fortunately not down as much as other major cities and areas. If you are interested in browsing Little Rock Homes for sale, feel free to click on the link.

Good day