Jump to content

Northwest Arkansas Real Estate Prices


cowbreath

NWA Real Estate Prices  

26 members have voted

  1. 1. What do you think will happen with real estate prices this year in NWA?

    • Go Way Up!
      0
    • Go Up
      6
    • Stay the same
      12
    • Go Down
      6
    • Go Way Down!
      2
  2. 2. Do you fear a major housing bubble bust?

    • Yes
      11
    • No
      15
  3. 3. If prices decrease, what do you blame most?

    • Overbuilding in our area
      20
    • Overvaluation of land/buildings
      4
    • Salaries too low to support housing prices
      1
    • Lack of new industry
      0
    • Lack of current industry growth
      0
    • Other
      0
    • Don't foresee this happening
      1
    • Don't know
      0


Recommended Posts


  • Replies 13
  • Created
  • Last Reply

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/

Link to post
Share on other sites
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/

Link to post
Share on other sites

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!

Link to post
Share on other sites
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!
Link to post
Share on other sites
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!
Link to post
Share on other sites
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.
Link to post
Share on other sites

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.
Link to post
Share on other sites
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.
Link to post
Share on other sites
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.
Link to post
Share on other sites
  • 3 months later...

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

Link to post
Share on other sites
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

Link to post
Share on other sites
  • 3 weeks later...
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.
Link to post
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.