Bullhead City Real Estate Report – October 2009

by Evan Fuchs on November 30, 2009

Bullhead City, Fort Mohave, and Mohave Valley home sales stats for October, 2009.

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 Homes Sold in October, 2009

The median home price in Bullhead City was $120,000 in October, up 9% from September, and about the same amount from October 2008.

What’s not shown in the table below is that the price per square foot is down from $96.69 to $81.78.

Driven by lower prices, year-over-year sales continue to improve, with 67 homes sold this year compared to 49 homes in October of 2008.

It’s also worth noting that the number of homes sold this year through October is up by more than 29% from the same period last year.

Monthly Home Sales Comparison – Bullhead City, Arizona

October 2009 Previous Month October 2008
Units Sold 67 69 49
Dollar Volume $8,310,416 $11,838,545 $7,742,014
Average Price $124,036 $134,855 $158,000
Median Price $120,000 $109,900 $110,000

Year-to-Date Home Sales Comparison – Bullhead City

2009 2008
Units Sold 662 512
Dollar Volume $96,027,003 $92,706,566

Fort Mohave Homes Sold in October, 2009

The year to date sales figures for Fort Mohave paint a clear picture of what this year has been all about. While the number of homes sold is 26% higher than last year, the overall dollar volume of those sales is down by more than 4%.

Monthly Home Sales Comparison – Fort Mohave, Arizona

October 2009 Previous Month October 2008
Units Sold 24 26 17
Dollar Volume $2,986,583 $4,055,172 $3,136,900
Average Price $124,441 $155,968 $184,524
Median Price $126,500 $135,950 $180,800

Year-to-Date Home Sales Comparison – Fort Mohave

2009 2008
Units Sold 288 228
Dollar Volume $37,179,948 $39,102,165

Mohave Valley Homes Sold in September, 2009

Again, look at the year to date numbers. The dollar volume is almost hte same as last year, but it’s taken 142 homes to reach number compared to 88 last year.

The good news is that inventory is moving, and without that there would be no appreciation.

Monthly Home Sales Comparison – Mohave Valley, Arizona

October 2009 Previous Month October 2008
Units Sold 13 6 9
Dollar Volume $2,112,600 $384,888 $1,218,900
Average Price $162,508 $64,148 $135,433
Median Price $135,000 $60,000 $109,900

Year-to-Date Home Sales Comparison – Mohave Valley

2009 2008
Units Sold 142 88
Dollar Volume $19,498,586 $19,735,421

Source: Western Arizona REALTOR® Data Exchange

Like to keep up on local market stats and trends? The monthly real estate report is released (usually) by the tenth of each month, followed by the foreclosure report.

Download The Informant, our quarterly newsletter designed to keep you up to date on the Bullhead City market.

{ 0 comments… add one now }

Leave a Comment