Hanover Subdivision is one of Bentonville’s premier living locations. Located in north Bentonville, off Walton Blvd. (71-B), Hanover can be reached by turning west on Ridgefield from Walton. There are no through streets to adjacent neighborhoods, keeping the traffic to a minimum. The home lots here are between 0.35 and .80 acres with custom lots somewhat larger, leaving the owner with an beautiful, rolling, and expansive lawn, without the headache of several acres to keep tailored. When you drive through this subdivision, it feels quiet and formal, in a good way. It also feels like a family neighborhood where you are likely to see kids on bikes or couples out for an evening stroll.
Current listings in the subdivision range from the low end of $385,000 all the way up to $899,000. These Bentonville luxury listings range from $109 – $154 per square foot.
Developed in the late ninties, Hanover builders were careful to keep many mature trees and build with the natural landscape. While some homes are less than ten years old, the neighborhood feels solid and estabilished.
As of this writing, there are currently nine homes listed on the market for sale with an additional home for sale by owner. By all accounts, Hanover is a great place to live, raise a family, or keep an executive home.
If this neighborhood is anywhere near your price range, I highly recommend a neighborhood preview.
It’s about time to take a look at the general market data for Bentonville Arkansas in June. This data covers all of Bentonville’s Current, Sold, Pending, and Non-listed Solds within the last 6 months up to 6/21/08. Let’s look an overview of the numbers . . . There have been 437 homes sold or pending in the last 6 months. Of those sold, the average list price was $233,178. The average sale price on those same homes was $223,928. That comes to a 96% Sale Price to List Price ratio. Not bad considering all of the negative press real estate is currently getting nationally. Additionally, the Average Days on Market (DOM) was 146 days. Remember that real estate is, for the most part, a local market phenomenon. What happens nationally, at least with prices, does not directly affect real estate in Northwest Arkansas and Bentonville. 
It seems Northwest Arkansas (and most of the rest of the world) is a little bit backwards when it comes to staying up to speed in the technological sense. I am hoping to remedy that with this weblog/site that will always be a work in progress. The Northwest Arkansas housing market has seen it’s fair share of problems lately. It’s kind of hard to keep up with everything that is going on but I am going to give it the old college try. Use the search bar, categories, or tag cloud to find out the latest happenings (hopefully not like the M. Night movie), market data, and area information focusing on Benton County in general and Bentonville, Rogers, Centerton, Lowell, and Bella Vista specifically. Along the way we’ll laugh, we’ll cry, maybe have some fun and learn something about local real estate all at the same time. Whew! What an emotional roller coaster. I anyone would like to comment on my information or make suggestions about content or the blog in general, please do so in a constructive manner. If there are any links you think we need on here or even if you would like to put a link to your business, just holler (yeah, I’ve lived in Arkansas for a while now) and I’ll see what can be done.
