Bentonville Market

By
Real Estate Broker/Owner with The Kennelley Group Realtors

Thought someone might find this interesting...  The first colum is the "Price range considered, next is the Average size of the homes, next you'll find the Average price per Sq/Ft, and last but not least the Average Days On The Market"    I will be posting the same figures for the first 6 months in 2008 after the first of July.  for more information on other towns in our area go to my web site at ...  nwaproperties.us and clivk on the Sold Information button on the left hand side and follow the instructions you'll find there.  Be Patient, you'll be loading a 23 page PDF File, but I think you'll be glad you did.

Price Range

$0 - $100

45

1124

$76.13

97

$100+ - $150

214

1394

$90.90

126

$150+ - $200

126

1668

$93.90

142

$200+ - $250

95

2327

$98.18

151

$250+ - $300

108

2613

$105.78

193

$300+ - $350

44

3105

$105.67

163

$350+ -$400

44

3288

$114.67

147

$400+ - $500

40

3614

$129.94

164

$500+ - $750

28

4381

$134.36

178

$750+ - $1 Million

3

5528

$160.40

86

$1 Mill+ - $-----

3

6819

$193.13

222

 

Thanks, Hal

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Rainer
41,980
Greg Hampton
Re/Max Around The Mountains - Blue Ridge, GA
North Georgia Mountain Property,Blue Rid
I am not surprised to see 250-300 to be on the market so long. That was my niche,now my niche is a moving target.
May 01, 2008 06:34 PM #1
Rainer
10,664
Hal Kennelley
The Kennelley Group Realtors - Rogers, AR

Hi Greg, thanks for the response, I was beginning to wonder if anyone was out there.  I know how you feel I was in the same boat, so now I'm listing them in the five to six hundred thousand range.  I figure if there not going to sell anyway why not at least have an Impressive Inventory!  (Just Kidding).

I was first licensed in 1963 so I seen several downturns, bit they have always came back (so far).  It has usually taken from 18 to 24 months before it starts to turn around so hang in there.  

Thanks again, and lots of luck

Hal

May 02, 2008 05:10 PM #2
Rainer
26,306
Kay Steele Faulk
InHouse Writer - Lake Village, AR
The Real Estate Copywriter

Hey, Hal. So many agents came into real estate during the last market, and now they're in shock! Or they've left. Where have all the buyers gone??

Sep 16, 2008 03:20 PM #3
Anonymous
Hal Kennelley

Hi Kay, I have no idea where some of them went to but I had one drop a $5,000 deposit and back out of a transaction yesterday after the 450 point drop in the market. 

We had been the fifth fastest growing area in the U.S. untill 2005 but I have no idea where we are now (they quit putting anything about it in the paper).  Our market is still on the decline, and the decline seems to be acelerating rather than turning around.  I have some other sources of income so we are doing alright, but I do feel sorry for those agents who have to depend on real estate sales for their livelihood.

Here's hopeing that things start to moderate soon, for everyones sake.

Hal 

Sep 18, 2008 04:42 AM #4
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Rainer
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Hal Kennelley

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