Walton Heights Subdivision caught up in economic slowdown

Walton Heights / Candlewood caught up in slowdown

  For a complete Current Market Analysis of the Walton Heights Subdivision, you can visit our dedicated website at www.WaltonHeightsSubdivision.com to see all the current listings for sale and past 6 months of sold property maintained on a daily basis and you can even sign up to be notified of any new sales or listings via email if you like.

  Of particular note lately in the Little Rock market is the slowdown occurring in several West Little Rock subdivisions like Walton Heights.  As you can see from the chart above, the average sale price per square foot is the lowest it's been since year 2004 with a spike in 2007.  Looking at the raw data on our website, you can see that the homes currently selling are larger and older than average.  Generally the older a home and the larger, the less per square foot sales price there is.  Also noteworthy is the fact that the number of sales per year has remained pretty steady at an average of around 45 but the "discount" to asking price has steadily increased.  With the exception of 2007, currently the reduction in asking price is the highest in the last 5 years, at 3.5% off ask price.

  There is no negative singling out of Walton Heights however.  This trend is apparent in most every subdivision in the western part of the city and more so in homes exceeding $220,000.  Interest rates are slightly higher and loan qualifications have significantly decreased the number of otherwise potential buyers.