The Briarwood Subdivision contains approximately 412 homes bounded by West Markham on the north, I-630 on the south and the west bounded by Rodney Parham Road with S. Hughes on the east. Briarwood is a very peaceful established neighborhood close to Hall High School and within minutes of several shopping malls and several hospitals. My dad has lived in Briarwood for the last 40 years and has no desire to move. They have an excellent Property Owners Association and web address of http://www.briarwoodlr.org/ Check our Market Study section of this blog for the latest information the Market Values in Briarwood. 03/10/2008

New Page 1 <!-- p.MsoNormal {mso-style-parent:""; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in} table.MsoNormalTable {mso-style-parent:""; font-size:10.0pt; font-family:"Times New Roman"} -->   AS OF 3-10-08  The average sales for the last 3 years are as follows:   AVERAGES:                       Days On         Year Original Price Sales Price Variance Market Bdrm Bath SqFt Built Closed 168,926 166,932 -1,995 44 4 2 2,092 1,970 2005 177,306 174,786 -2,520 46 3 2 2,143 1,970 2,006 193,208 183,562 -9,646 78 4 2 2,331 1,970 2,007     As you can see from the historical sales, the average sales prices have increased and the market time to sell a home has increased.  The amount sold has significantly been below t... 03/10/2008

The Colony West Subdivision contains approximately 470 homes basically boarded by Rodney Parham Road on the south, Clapboard Hill on the east and I-430 on the west and about midway on Millbrook on the north. They have a very active and excellent Property Owners Association with a website located at http://www.colonywesthomes.org/ There are probably more large 4 bedroom homes in this subdivision than any other place in the city that are very affordable. It is a very nice quiet neighborhood with a minimum number of children and they have an excellent park and pool facility. 03/10/2008

  I was born and raised in Little Rock and love it.  It's a place that Bob & Carolyn Slowsky would love...not too fast paced and never in a crisis. I am amazed at the people here that don't fully comprehend the influence that the ATA has in Little Rock.  The ATA of course being the American Taekwondo Association.  It's the largest Martial Arts organization in the world and the International Headquarters is right here in Little Rock on Baseline Road.    My 13 year old daughter Heather, has been in taekwondo for 7 years now and testing for her 3rd degree Black Belt on March 7th. ATA teaches children discipline and respect not to mention SELF DEFENSE, which every young girl should know in this day and time.  My wife and I also joined ATA and I'm proud of my wife advancing faster than me! S... 03/04/2008

It's NOT a matter of WHEN to Buy...It's a matter of IF you're Plugged In to the MarketDavid W. Bolick www.NetworkRealEstateAR.com   These days people are overly concerned about "is now the time to buy or sell" and are inundated with doomsday news about the real estate market being "down".  The key is not "when" you buy...it's whether or not you're "IN the flow of inflation or not" and the market is never actually "down" to a point where you don't buy because you have to consider Inflation.  The best laymen's definition of inflation is "a general and progressive increase in prices; in inflation everything gets more valuable except money".  Inflation in this sense has been with us since the beginning of time and always will be.  To put it in proper perspective, the first home I bought was... 03/03/2008

              I was in Atlanta last week for our yearly Keller Williams Convention.  It was great to be around such a great group of agents that were so up beat and realistic about our market.  We are really lucky in our Central Arkansas Housing Market.  Our sales are only down 6.3 % from 2006 -2007.  We have actually seen a rise in our average sales price of 3.16%. And our total sales Volume in Pulaski County was only down 3.39%. (2006 1.01 Billion and 2007 982.55 million) Little Rock Home values have been buffered from the extreme highs and lows of other parts of the country.  We have never seen double digit appreciation so our adjustment in our market was only minimal.  Below is a copy of an email summarizing the current state of our market and how we arrived in our current situation... 02/27/2008

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 Can you believe it is the middle of January 2008. Where did 2007 go? Actually with all the media coverage of the housing market and the sub prime loan market I don't think I will miss 2007. 2008 looks to be much more promising. We are seeing a lot of activity in our homes under $200,000 and under $300,000 in a lot of our markets. Laurence Yun, the Chief Economist for NAR has plenty of positive news. The Sub Prime Market is a small percent of homes in our local area. NO one can really pin point what percentage of homes sold sub prime in 2005, 2006 and 2007. However one of the best explanations I have ever heard is GREED. Traditional mortgages were not returning enough so Wall Street got greedy. How can a person who is in bankruptcy, late on house payments, credit cards and student loans... 01/15/2008

When I ran across this graph I though it really showed what is going on in our current market...Below are a few more Truths that I found interesting..        In watching the Little Rock Real Estate market on a weekly basis I see our inventory of homes remaining very steady.  Our number of homes currently listed on the market has been the same since mid July.  Our Market didn't have as far to fall as some other markets, because our appreciation has never been in double digits. WE have consistently remained between 3 to 5 % appreciation. Again if you are in the Central Arkansas Real Estate Market now is the time to purchase a home, especially if you are buying up.  Our smaller homes are really showing signs of our market turning around. .Please look for my next blog, I will continue to lo... 12/12/2007

November, 2007 Year to Date  as compared to 2006 shows prices have increased in Little Rock and North Little Rock. The number of sales have decreased slightly and days on market increased. The North Little Rock number of sales is off by 1 and days on market have changed only by 4 days. Even though Maumelle, Benton, Bryant, Jacksonville and Cabot's average sales prices are down, it is a very small change. More proof that our market remains healthy and better than many areas of the country.                        Sales YTD   2006                                 Sales YTD   2007                       #Homes    avg. price   DOM          # Homes    ave. price   DOM     avg. sales price Little Rock         2659       167,525        56               2490        179,700      79           +6.9%N... 12/10/2007

With all the bad news coming out of the national news what is a local buyer or seller to think?  Do we buy, do we sell or do we hold?  Homes in Little Rock, AR are seeing some lower priced markets that are still in sellers market.  We have seen our higher end homes take a hit....a hard hit for our local market.  10 Top Reasons to Buy Now....1. You can get a deal! Why not buy when you can save 5 %?2. Money from Builders and Incentives. Sellers and builders are stepping up to the plate with everything from paying closing cost to furniture allowances.3. Uncle Sam is giving us credit for or interest on our loans and a $350 tax credit for owning a home in Pulaski County and living in the home.4. Invetory- We have plenty to choose from, I remember the days when you couldn't find a home.5. Ban... 11/20/2007

The Local Market Scoop for Homes in Little Rock     When I woke up this morning I was shocked to see the news about housing front and center again.  I understand the market is in bad shape in some places of the U.S but not every region. I learned last week that the media gathers there information from Tax Assessors and the Mortgage companies. That data is not as current as the MLS. 80 % + of homes are sold in the U.S. through a Realtor. I compiled a quick summary of what is happening in the Little Rock Real Estate Market.  I think you will find this interesting. I did..Yearly Trends in Pulaski CountyYear   Ttl Listed   #Sold   % Sold   Avg List $   Avg. Sale $   LP/SP $   DOM  %Expired     2005        7458        5518    74%      $172,134     $168,372      97.81%      57        0.58%200... 11/08/2007

What a great week, we finally have some good news to talk about in the Little Rock Real estate Market...we have seen our inventory take a slight drop.  Again we have been hovering around 1250 homes since July 7, 2007.  Hopefully we will see this trend continue with buyers taking advantage of the lower home prices in Little Rock, AR....I have heard a lot of buyers just waiting to see if the prices continue on a downward trend....hold on to your hats...if next week our numbers still hang around these numbers we will see some homes sell and buyers will remember was it was like to bid multiple times on homes.  We are still seeing a sellers market on the homes under $200,000...you can do a Search of Real Estate in Little Rock and do an inventory of your own under $200 and you will understand... 11/07/2007

Today is the Fed day and it has chosen to cut the discount rate by .25%.  This was expected and it came to pass.  More importantly, the Fed Policy statement changed a bit and market experts are taking the revisions as indications of no additional rate cuts in December. In short, interest rate sensitive investments are unhappy with the news and mortgage rates will react similarly.  Two things are bothering mortgage rates, good economic growth (excluding housing) and perceived inflationary pressure.  Remember, when our economy is strong, there is more of a demand for money and the "rent" (interest expense) on money goes up.  It's that basic economic theory that about half of us slept through in college.From a technical point of view, prices have broken through the first level of support b... 10/31/2007

Other than change, there is another thing in life that will remain constant - Real Estate!  For as long as the world turns, there will always be the need to buy and sell property.  As a professional, we must observe the change in the times and learn to adapt to new ways of doing things.  As the younger generations mature and prepare to make those major purchases, their way of communicating and shopping is much different than that of years past.  No matter how much the world changes, we just have to be ready to adapt if we plan to survive. 10/15/2007

 I am always in awe when I take an out of state buyer around our city.  We take so much for granted.  Our Real estate taxes, our traffic flows and our housing values.  We don't seem to appreciate what we have to offer in our city.  The comments I hear over and over again is how much growth we have in different parts of the city.  The construction in our downtown River Market Area.  If they like to run, walk or bike we have the trails down by the river with the Big Dam Bridge.  Our downtown River Market is clean and actually safe to walk around at night.  The fact that you can make it to almost anywhere in the city in 15 to 20 minutes.  The new Dickey Stephens Park with double a baseball.  The fact a person can get up before dawn and go for a 5 or 6 mile run on sidewalks and not risk get... 09/24/2007

The year is 2007. The Little Rock, and central Arkansas area has recently come from the best real estate market in its history. Now the national market has taken an extreme down turn and the average price of homes has actually gone down. The Central Arkansas market has remained much better than most markets. Even thought we have still seen a 3% increase in average price over all, many price ranges and segments of our market have large numbers of homes on the market and competition for buyers is intense. Days on the market have increased and it has become more of a buyers market. Pricing your property at a realistic value has become even more important in today's market. The two most important questions you should be asking your real estate agent:1.      What have properties similar to m... 09/21/2007

Why would you not have pictures for a property? This is the question that a young client ask me as we were touring a property the very nice that had no pictures in the MLS for over 10 days. My answer was incompetence. I know the agent and she has been a good agent for a long time. However that seem to be changing. It is changing because she is not keeping up with what is needed in todays world where 80% of the buyers are using the Internet to decide what properties they want to see. This is also the way most agents are previewing properties to show. I showed the property because I knew the street and ask my clients if they would go see. It was not on their list. Our policy is we will not enter a property in the MLS until it has pictures to enter with it. Would we list a property and not... 04/06/2007