The Bullhead City Foreclosure Report includes all homes sold in Bullhead City (site built homes, manufactured homes, and condominiums) as reported to the Western Arizona REALTOR® Data Exchange unless otherwise noted.
Bullhead City Residential Sales in August 2009
This first section includes all property types. A breakdown by property type follows.
Home sales continue to be split between foreclosures and traditional sellers. 46 of the 87 of the Bullhead City homes sold in August were foreclosures (53%).
The difference in the median price of foreclosures and others home sales in Bullhead City was pretty big, but the price per square foot was the closest it’s been since January. One month does not a trend make, but it’s something to keep an eye on.
Note the average days on market, which is 194 days for traditional sellers and only 101 days for foreclosures.
Here are the overall residential sales stats for Bullhead City
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 46 | 41 |
| Median Sale Price | $98,400 | $140,000 |
| Avg. Price per Square Foot | $77.21 | $83.26 |
| Avg. List/Sale Ratio | 93.2% | 92.4% |
| Avg. Days on Market | 101 | 194 |
Bullhead City Site Built Homes Sold in August 2009
As usual, the full impact of foreclosures becomes clearer when we break out the site built homes. Foreclosures sold much faster and for significantly less money.
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 42 | 26 |
| Median Sale Price | $104,200 | $181,000 |
| Avg. Price per Square Foot | $77.44 | $101.47 |
| Avg. List/Sale Ratio | 93.5% | 93.1% |
| Avg. Days on Market | 104 | 212 |
Bullhead City Manufactured Homes Sold in August 2009
Only 2 of the 16 manufactured homes sold in Bullhead City in August were foreclosures. Overall, the number of manufactured homes sold in Bullhead City was down 33% compared to 24 sold in July.
Fewer manufactured home sales general skew the residential prices up and the foreclosure share down.
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 2 | 14 |
| Median Sale Price | $39,900 | $63,940 |
| Avg. Price per Square Foot | $37.96 | $50.31 |
| Avg. List/Sale Ratio | 88.6% | 90.5% |
| Avg. Days on Market | 86 | 144 |
Bullhead City Condominiums Sold in August 2009
Not much activity to report for condos. We are coming into snowbird season, which could (emphasis could) give condos a little bump.
| Foreclosures | Non-Foreclosures | |
|---|---|---|
| Units Sold | 2 | 1 |
| Median Sale Price | $170,000 | $89,000 |
| Avg. Price per Square Foot | $111.61 | $71.14 |
| Avg. List/Sale Ratio | 90.5% | 100% |
| Avg. Days on Market | 52 | 433 |
August
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