Slow Rider

April 21, 2021

Real Estate

Get It While It's Hot!

As home prices in our region rise to record highs and inventory falls near record lows, it has become increasingly difficult to find that dream home.

  • Hasta la vista: Anecdotal evidence from local agents suggests they're routinely seeing offers at $10-20,000 over list price with cash to back it up.

  • In Northwest Arkansas in the second half of 2020, the average price of homes listed for sale on the MLS database was $390,641, an increase of 30.6% from $299,083 in the same period in 2015.

  • "We'll take it!" Some home buyers attribute the hot housing market to the large corporate offices in NWA - bringing in more and more families to the area.

Read the full write up HERE.

Community

Time to Slow Things Down

Starting next Friday April 30, local cycling coalition, BikeNWA will be slowing down neighborhood traffic in Fayetteville, Rogers, and Bentonville for bipeds and bicycles.

  • What is this? Slow Streets NWA's purpose "is to calm traffic on neighborhood streets to create safer places for people to walk, bike, and explore their cities for recreation and transportation." BikeNWA's hope is that "these slower streets will make it easier and more accessible for our communities to exercise, make trips to local businesses and explore NWA."

  • Who is it for? Everyone. Routes are designed to be accessible and open to all community members, not just serious cyclists and competitive athletes. The Slow Streets NWA team works to create routes that are family-friendly and designed for users of all ages, backgrounds and abilities.

Find out more on BikeNWA's website HERE.

Events

Back to the Backwoods

The Backwoods at Mulberry Mountain Festival (BMM), a music and art experience nestled in the heart of the Ozarks, has been rescheduled for August, according to festival officials. The event was originally planned to run from April 29 through May 5, but will now be later this summer, August 26 to August 29.

  • Let the good times roll: 'Good music, good people, good times' is how the event has been described in years past, earning a reputation for showcasing some of the best independent bands in Middle America, alongside nationally recognized artists and musicians.

  • A little something for everyone: In addition to great music, attendees can take advantage of activities such as hoop workshops, yoga classes, interactive art installations and a vast array of food and shopping.

Stay in the loop with festival updates HERE. Tickets are already on sell and can be purchased HERE.

Travel

XNA Bounces Back

This time last year, the Northwest Arkansas National Airport (XNA) was in the belly of the beast, experiencing one of it's worst travel seasons to date due to the onset of the COVID-19 pandemic. Today, vaccine rollouts are giving travelers hope of being able to venture away from home for the first time in a year.

  • The numbers: Compared to the early months of 2020 (January and February), passenger counts were down 62% in 2021 and down almost 38% from 2019 numbers. "We're preferring to benchmark against 2019 numbers because 2020 was such a weird year," Burkes said. "Really strong January and February, then it just went south from there."

  • Comeback story: XNA went from 329 flights in February 2020 to less than 20 a few weeks later, according to U.S. Department of Transportation data. Things began looking up when the airport was awarded $8.2 million grant from the Federal Aviation Administration in mid-April as part of the CARES Act. As part of the comeback, XNA recently announced a partnership with Allegiant Airlines, adding a route to Austin, Texas.

Read the full article HERE.

Community

NWA Projects Recognized with 2021 Awards

Two Northwest Arkansas projects designed by local architect and professor Marlon Blackwell received awards of national significance.

  • AIA: The American Institute of Architects revealed the winners of the 2021 Interior Architecture Awards, which included Co-Op Ramen in Bentonville. AIA selected seven projects across the nation that were designed with a "sense of place and purpose, ecology and environmental sustainability, and history" - Co-Op was one of those selected.

You can read the full articles HERE and HERE.

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