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    Arkansas Business: Arkansas home sales down in February

    6:43 AM, Apr 2, 2013   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- Here in Arkansas, Wal-Mart Stores Inc. of Bentonville planning to invest $80 million to upgrade its stores in the fast-growing market of China.

    Wal-Mart plans to remodel 50 of its 380-plus stores there, and says it will open 30 new stores this year.

    Arkansas home sales down in February

    Also yesterday, the Arkansas Realtors Association reporting that February home sales were down 1.6 percent from the same time last year.

    But the average price of homes sold increased by 7.6 percent when compared to the same time last year.

    According to the report, which tracks home sales in 43 Arkansas counties, the average price of homes sold in February was a little more than $152,000.

    During the month, Pulaski County led the top five counties for home sales, reporting 276 homes sold, up 9.5 percent from the same time last year.

    Ownership change coming to central Ark. 4 athletic clubs

    And finally, there is a change in ownership for four central Arkansas athletic clubs.

    Pat Riley Jr. announced he had sold the clubs to an ownership group consisting of executives from Stephens Inc. of Little Rock.

    The sale includes the Little Rock Athletic Club, Little Rock Racquet Club, North Little Rock Athletic Club and Downtown Athletic Club. The sale was effective Monday.

    The majority owner of the clubs is Brad Eichler, an executive vice president at Stephens. Other owners include Stephens CEO Warren Stephens.

    Riley's did not disclose a sale price.

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