Bullhead City, Fort Mohave, and Mohave Valley home sales stats for February, 2010.
Includes all residential property types (Single Family Homes, Manufactured Homes, Condominiums) reported to the Western Arizona REALTOR Data Exchange. No commercial property or vacant land.
Bullhead City Home Sales Up, Inventory Down (AGAIN)
February home sales jumped up 40% from January and an astounding 80% from February of 2009.
At the same time inventory continues to drop and today stands at 618 homes, compared to 707 at the start of February. That’s a 13% drop in less than two months.
The median price did move down from $109,000 last month to $99,000, but one has to wonder how long the low prices can hold up if supply continues to go down and demand continues to go up.
The stats:
Monthly Home Sales Comparison – Bullhead City, Arizona
| February 2010 | January 2010 | February 2009 | |
|---|---|---|---|
| Units Sold | 86 | 63 | 48 |
| Dollar Volume | $10,197,575 | $8,905.200 | $7,407,400 |
| Average Price | $118,576 | $141,352 | $154,321 |
| Median Price | $99,000 | $109,000 | $134,950 |
Year-to-Date Home Sales Comparison – Bullhead City
| 2010 | 2009 | |
|---|---|---|
| Units Sold | 149 | 93 |
| Dollar Volume | $19,102,775 | $14,278,850 |
Fort Mohave Real Estate Activity Holds Steady
The number of homes sold in February didn’t move much from January, but year-over-year figures jumped up by more than 60%.
The median price went from $102,500 in January to $129,850 in February. Inventory is about the same, with 190 homes on the market today compared to 185 at the end of January.
The stats:
Monthly Home Sales Comparison – Fort Mohave, Arizona
| February 2010 | January 2010 | February 2009 | |
|---|---|---|---|
| Units Sold | 29 | 28 | 18 |
| Dollar Volume | $4,100,206 | $2,702,410 | $2,579,272 |
| Average Price | $141,386 | $96,515 | $143,293 |
| Median Price | $129,850 | $102,500 | $138,000 |
Year-to-Date Home Sales Comparison – Fort Mohave
| 2010 | 2009 | |
|---|---|---|
| Units Sold | 57 | 38 |
| Dollar Volume | $6,802,616 | $4,733,572 |
Mohave Valley Homes Sales Drop Slightly
13 homes sold in Mohave Valley in February, which is actually a decrease in both month-to-month and year-over-year comparisons.
The stats:
Monthly Home Sales Comparison – Mohave Valley, Arizona
| February 2010 | January 2010 | February 2009 | |
|---|---|---|---|
| Units Sold | 13 | 17 | 15 |
| Dollar Volume | $1,248,300 | $1,505,250 | $2,291,069 |
| Average Price | $96,023 | $95,476 | $170,571 |
| Median Price | $75,000 | $85,000 | $127,000 |
Year-to-Date Home Sales Comparison – Mohave Valley
| 2010 | 2009 | |
|---|---|---|
| Units Sold | 30 | 29 |
| Dollar Volume | $2,753,550 | $4,268,308 |
Source: Western Arizona REALTOR® Data Exchange
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