The foreclosure market share dipped to 43% in April, with 33 of 77 home sold in Bullhead City going to bank REO homes – the lowest percentage in a year – following a buying blitz in March.
The drop in foreclosure inventory came just in time for human sellers to catch the wave of buyers dashing to beat the home buyer tax credit, bringing some temporary-but-welcome relief to the fierce competition for buyers they’ve faced since banks got in the game a few years back.
The stats:
Bullhead City Residential Sales in April 2010
This first section includes all property types. A breakdown by property type follows.
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 33 | 44 |
| Median Sale Price | $88,000 | $75,901 |
| Avg. Price per Square Foot | $64.35 | $67.41 |
| Avg. List/Sale Ratio | 99.5% | 93.3% |
| Avg. Days on Market | 112 | 152 |
Site Built Homes
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 30 | 21 |
| Median Sale Price | $91,400 | $95,000 |
| Avg. Price per Square Foot | $66.63 | $77.48 |
| Avg. List/Sale Ratio | 100.2% | 95.7% |
| Avg. Days on Market | 106 | 148 |
Manufactured Homes
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 1 | 22 |
| Median Sale Price | $43,000 | $60,950 |
| Avg. Price per Square Foot | $23.27 | $53.88 |
| Avg. List/Sale Ratio | 107.8% | 91.6% |
| Avg. Days on Market | 86 | 155 |
Condominiums
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 2 | 1 |
| Median Sale Price | $55,000 | $250,000 |
| Avg. Price per Square Foot | $50.59 | $153.75 |
| Avg. List/Sale Ratio | 84.5% | 83.4% |
| Avg. Days on Market | 216 | 155 |
Source: Western Arizona REALTOR® Data Exchange
Looking for Bank-owned foreclosures in the Bullhead City area ? You might also want to check out our Bullhead City homes search. You can run your own home searches 24/7 and even get emailed when new matches hit the market. No login or personal information required.
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