This report includes all Bullhead City residential property types (site built homes, manufactured homes, and condominiums). Unless otherwise noted, all data is from the Western Arizona REALTOR® Data Exchange.
Nearly half of Bullhead City homes sold were foreclosures
With 22 foreclosures out of 47 homes sold in Bullhead City overall, November had the highest percentage of foreclosures sold of any month this year (47%). It’s probably not a coincidence that more foreclosures came on the market in October than any other month, opening November with more of them on the market than any other time.
Looking for a silver lining? First, buyers jumping into the market are getting some unbelievable deals. This may not sit well with homeowners that want to sell today, and understandably so. However, these things need to work through the market, and they are doing just that. There’s no one stat to tell you when the pendulum of supply and demand will shift in Bullhead City, but if you had to pick one, the number of active foreclosures might be a good pick. From that perspective, we all need to see them sell.
Bullhead City site built homes sold in November 2008
Foreclosures
Sold: 21
Median Sale Price: $110,000
Avg. Price per Square Foot: $80.85
Avg. List/Sale Ratio: 94.8%
Avg. Days on Market: 131
Non-Foreclosures
Sold: 17
Median Sale Price: $140,000
Avg. Price per Square Foot: $103.30
Avg. List/Sale Ratio: 90.0%
Avg. Days on Market: 160
We continue to see the most foreclosure sales activity in this segment of the market, Bullhead City single family homes. With a price per square foot of $80.85, it’s no wonder. Remember, we are smack in the middle of slowest period every year, so keep an eye on this square foot number in the first quarter.
Bullhead City manufactured homes sold in November 2008
Foreclosures
Sold: 0
Median Sale Price: n/a
Avg. Price per Square Foot: n/a
Avg. List/Sale Ratio: n/a
Avg. Days on Market: n/a
Non-Foreclosures
Sold: 8
Median Sale Price: $70,000
Avg. Price per Square Foot: $72.92
Avg. List/Sale Ratio: 87.3%
Avg. Days on Market: 119
After a big jump in October, manufactured home sales dipped down to match September’s low of 8 sales. No foreclosures sold.
Bullhead City condominiums sold in November 2008
Foreclosures
Sold: 1
Median Sale Price: $165,000
Avg. Price per Square Foot: $75.03
Avg. List/Sale Ratio: 92.4%
Avg. Days on Market: 57
Non-Foreclosures
Sold: 0
Median Sale Price: n/a
Avg. Price per Square Foot: n/a
Avg. List/Sale Ratio: n/a
Avg. Days on Market: n/a
Not much to report here. There was one lone condo sale in November, and it happened to be a foreclosure that was on the market less than two months. 78 condos were on the market at the end of the month.
Looking for foreclosures for sale in the Bullhead City area?
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