Bullhead City Real Estate Report – December, 2012

by Evan Fuchs on January 21, 2013

Bullhead City and Fort Mohave real estate market update. Home sales statistics from local MLS – Western Arizona REALTOR Data Exchange.

A fitting close for Bullhead City real estate in 2012

Single family home sales in Bullhead City increased by 22 percent in December, closing the year on a brighter note after November seemed to be hindered by the wait and see effect of the presidential election.

While the 39 homes sold for the month represents a year-over-year drop from the 43 homes sold last December, the median sale price grew by 16 percent from $120,000 to $139,000.

In fact, December fairly well represents the entire year of 2012 in that single family homes demanded a higher price than the year before, but at the expense of fewer sales. I’m breaking down the stats for the year right now so the jury is still out, but a measurable number of buyers got priced out of the market as inventory continued to drop in the first part of last year. More on that soon.

The Stats:

Bullhead City Single Family Homes
Dec-2012 Nov-2012 Dec-2011
Units Sold 39 32 43
Dollar Volume $7,203,107 $4,246,097 $6,439,238
Median Price $139,000 $121,500 $120,000
Price per Sq Ft $87.54 $85.19 $75.70

 

Bullhead City Manufactured Homes
Dec-2012 Nov-2012 Dec-2011
Units Sold 25 20 15
Dollar Volume $1,019,240 $718,500 $683,900
Median Price $34,900 $32,450 $40,000
Price per Sq Ft $41.42 $36.35 $35.77

 

Bullhead City Condos
Dec-2012 Nov-2012 Dec-2011
Units Sold 3 5 7
Dollar Volume $466,000 $359,750 $452,400
Median Price $130,000 $80,000 $32,000
Price per Sq Ft $111.94 $68.82 $54.38

 

Bullhead City Residential Sales Year-to-Date
2012 2011
Units Sold 888 945
Dollar Volume $94,766,275 $99,985,232

Fort Mohave

Single family homes sales in Fort Mohave rated similarly to Bullhead City in that units and price moved up from November, with a 17 percent year-over-year increase in median sale price.

Fort Mohave Single Family Homes
Dec-2012 Nov-2012 Dec-2011
Units Sold 24 14 19
Dollar Volume $3,452,383 $1,844,586 $2,179,500
Median Price $128,300 $125,000 $110,000
Price per Sq Ft $82.46 $82.44 $74.88

 

Fort Mohave Manufactured Homes
Dec-2012 Nov-2012 Dec-2011
Units Sold 9 7 9
Dollar Volume $522,400 $469,500 $477,270
Median Price $65,000 $79,500 $45,000
Price per Sq Ft $41.38 $46.66 $33.80

 

Fort Mohave Residential Sales Year-to-Date
2012 2011
Units Sold 397 350
Dollar Volume $42,413,550 $38,874,112

Source: Western Arizona REALTOR® Data Exchange

Like to keep up on local market stats and trends? The monthly real estate report is released after the tenth of each month. Or run your own Search for Homes in the Bullhead City area 24/7. Of course I’m happy to do the searching for you. Just shout.

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