Centerton
REAL ESTATE
Bentonville apartments sell for $34 million to Walton brothers
A 190-unit apartment complex on 15.57 acres in Bentonville recently changed hands for $34.35 million. Touchstone Operator LLC of Dallas acquired Touchstone Village at 501 S.W. 20th St. from Touchstone Village W80 LLC of Brooklyn, N.Y. The purchase price equals $180,789 per unit. City Title & Closing was the title...
$20.6M foreclosure hits four Arkansas apartment complexes
WASHINGTON COUNTY, ARKANSAS, Ark. — Four apartment complexes in Pulaski, Sebastian and Washington counties were recently hit with a $20.6 million foreclosure judgment. PF Terrace Green LLC, known as the Terrace Green Apartments, at 8223 Scott Hamilton Drive, Little Rock. It was built in 1971 and has 100 units and two stories.
Charted: NWA's May home sales prices below national median
Data: Redfin; Chart: Axios VisualsWith the most fruitful home-selling season in full swing, we're checking out the market.Why it matters: NWA home prices have soared by more than 100% in the past decade, making it harder for lower- to middle-wage earners to find homes.By the numbers: As of May, the median home price in all of NWA was $380,000.That's well below the U.S. median of nearly $440,000.Yes, but: The average selling price for a single-family home during the second half of 2023 in Benton County was $420,144, and $386,695 in Washington County, according to the latest Arvest Skyline Report.Those prices are down slightly from the previous six months.What's next: Elevated mortgage rates, which are dampening the appeal and affordability of home buying, could remain high for longer.The Fed signaled in June that only one interest rate cut is coming this year.Go deeper: U.S. home prices hit a new record high in May
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