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.
|Bullhead City Single Family Homes|
|Price per Sq Ft||$87.54||$85.19||$75.70|
|Bullhead City Manufactured Homes|
|Price per Sq Ft||$41.42||$36.35||$35.77|
|Bullhead City Condos|
|Price per Sq Ft||$111.94||$68.82||$54.38|
|Bullhead City Residential Sales Year-to-Date|
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|
|Price per Sq Ft||$82.46||$82.44||$74.88|
|Fort Mohave Manufactured Homes|
|Price per Sq Ft||$41.38||$46.66||$33.80|
|Fort Mohave Residential Sales Year-to-Date|
Source: Western Arizona REALTOR® Data Exchange