Northwest Arkansas Real Estate Prices

[cowbreath]

I borrowed a topic from the Charlotte forum, but the following is an interesting video representation of real estate prices in the US. Just curious if anyone had any thoughts outside of the video of what you think about current real estate price possibilities.

[googlevid]-2757699799528285056[/googlevid]

Referenced Charlotte Topic

[Mith242]

Interesting little video. It's also interesting because I was just looking into this topic a bit. I found some interesting websites and was goingto look for a topic to post them in.

Here's a link showing some of Washington County real estate info.

http://www.trulia.com/home_prices/Arkansas...ounty-heat_map/

Here's one showing some info for Fayetteville.

http://www.trulia.com/real_estate/Fayetteville-Arkansas/

Here's one for Benton County.

http://www.trulia.com/home_prices/Arkansas...ounty-heat_map/

Some Rogers info.

http://www.trulia.com/real_estate/Rogers-Arkansas/

And some for Bentonville.

http://www.trulia.com/real_estate/Bentonville-Arkansas/

Here's a map showing all of Arkansas county by county.

http://www.trulia.com/home_prices/Arkansas/

[cowbreath]

Interesting little video. It's also interesting because I was just looking into this topic a bit. I found some interesting websites and was goingto look for a topic to post them in.

Here's a link showing some of Washington County real estate info.

http://www.trulia.com/home_prices/Arkansas...ounty-heat_map/

Here's one showing some info for Fayetteville.

http://www.trulia.com/real_estate/Fayetteville-Arkansas/

Here's one for Benton County.

http://www.trulia.com/home_prices/Arkansas...ounty-heat_map/

Some Rogers info.

http://www.trulia.com/real_estate/Rogers-Arkansas/

And some for Bentonville.

http://www.trulia.com/real_estate/Bentonville-Arkansas/

Here's a map showing all of Arkansas county by county.

http://www.trulia.com/home_prices/Arkansas/

[mzweig]

My thoughts on NWA real estate prices are that you cannot generalize. Single family older homes close to downtown in Fayetteville and Bentonville will go up faster than anything else. Downtown condos are already too high. Subdivision houses are going nowhere for now--it's way overbuilt. Commercial real estate is going to be flat or decrease a little. That's my opinion!

[masons_dad1]

My thoughts on NWA real estate prices are that you cannot generalize. Single family older homes close to downtown in Fayetteville and Bentonville will go up faster than anything else. Downtown condos are already too high. Subdivision houses are going nowhere for now--it's way overbuilt. Commercial real estate is going to be flat or decrease a little. That's my opinion!

[cowbreath]

My thoughts on NWA real estate prices are that you cannot generalize. Single family older homes close to downtown in Fayetteville and Bentonville will go up faster than anything else. Downtown condos are already too high. Subdivision houses are going nowhere for now--it's way overbuilt. Commercial real estate is going to be flat or decrease a little. That's my opinion!

[Aporkalypse]

I agree with those opinions. Older homes will remain hot commodities since there's such a lack of quality in newly built homes. New homes will lose value due to cost of maintenance. The problem won't really be with home prices, but banks and home builders will lose a lot of money and there will be many more foreclosures to come.

[mzweig]

I agree but I think part of the stagnation of newer homes will be oversupply, at least until the builders slow down and let demand catch up.

[masons_dad1]

Stagnation in new home prices has nothing to do with maintenance. That's a bizzare notion. It is all to do with oversupply and lack of differentiation. I predict Ruskin Heights will be a great success. Why? There are plenty of other new developments that one could build in. It will be a success, and sell for twice what a larger lot would sell for, because it is different! We don't need more of these 60 by 100 foot lots on straight streets with brick ranches that have aluminum soffits and ugly-assed garage doors! Too many already.

[thewizard16]

I never made the notion that maintenance of new homes would have anything to do with stagnation. I said "older homes will remain hot commodities since there's such a lack of quality in newly built homes. New homes will lose value due to cost of maintenance." I personally know several people who have recently purchased new homes that are in need of major repairs only a year after they were built. Buying a new home is a risky investment these days.

[mzweig]

I never made the notion that maintenance of new homes would have anything to do with stagnation. I said "older homes will remain hot commodities since there's such a lack of quality in newly built homes. New homes will lose value due to cost of maintenance." I personally know several people who have recently purchased new homes that are in need of major repairs only a year after they were built. Buying a new home is a risky investment these days.

[mzweig]

My house at 412 E. Lafayette is under contract. Cash buyer. This reinforces my notion that the good properties, done up right, close in, are marketable. The buyer has completely different characteristics than a subdivision house buyer. The house I am doing at 413 N. Willow (if I sell it) will have to go for around $210-$215 per square foot, I have already had a half-dozen potential buyers express interest in it.

Don't let anyone cast a single broad net over the residential market in NWA. It varies greatly, even block by block.

M

[cowbreath]

My house at 412 E. Lafayette is under contract. Cash buyer. This reinforces my notion that the good properties, done up right, close in, are marketable. The buyer has completely different characteristics than a subdivision house buyer. The house I am doing at 413 N. Willow (if I sell it) will have to go for around $210-$215 per square foot, I have already had a half-dozen potential buyers express interest in it.

Don't let anyone cast a single broad net over the residential market in NWA. It varies greatly, even block by block.

M

[mzweig]

Finding quality, traditional older houses in a quaint little town district is probably a rarity these days, and more likely in college towns and small towns I assume. How many people live in suburban subdivision style homes these days I wonder. Especially in major metros I bet they would kill for a traditional neighborhood setting.