Bullhead City, Fort Mohave, and Mohave Valley home sales including 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 typical, Fort Mohave jumps
There was a slight uptick in sales this month in Bullhead City compared to September, and a slight drop compared to last October, but nothing more than the typical swing we see this time of year in Bullhead City.
Fort Mohave, which is the area of Mohave County just south of Bullhead City limits, saw the strongest October since 2005. The 40 homes sold in Fort Mohave mark an 11% increase from September and a 43% jump year over year.
Fort Mohave has a lower median home price than Bullhead City, but it also benefits from the availability of USDA financing. That means qualified buyers can finance the entire purchase with no down payment. The combination of affordable prices, low rates, and 100% financing makes buying a home cheaper than renting in some cases.
The stats:
Monthly Home Sales Comparison – Bullhead City, Arizona
| October 2011 | A Month Ago | A Year Ago | |
|---|---|---|---|
| Units Sold | 68 | 64 | 71 |
| Dollar Volume | $7,638,972 | $6,716,479 | $7,655,360 |
| Average Price | $112,338 | $104,945 | $107,822 |
| Median Price | $79,400 | $79,661 | $88,000 |
Year-to-Date Home Sales Comparison – Bullhead City
| 2011 | 2010 | |
|---|---|---|
| Units Sold | 809 | 795 |
| Dollar Volume | $85,406,295 | $88,719,521 |
Monthly Home Sales Comparison – Fort Mohave, Arizona
| October 2011 | A Month Ago | A Year Ago | |
|---|---|---|---|
| Units Sold | 40 | 36 | 28 |
| Dollar Volume | $3,780,050 | $3,470,000 | $2,690,600 |
| Average Price | $94,501 | $96,389 | $96,093 |
| Median Price | $86,750 | $02,050 | $91,250 |
Year-to-Date Home Sales Comparison – Fort Mohave
| 2011 | 2010 | |
|---|---|---|
| Units Sold | 345 | 321 |
| Dollar Volume | $37,133,742 | $36,579,753 |
Monthly Home Sales Comparison – Mohave Valley, Arizona
| October 2011 | A Month Ago | A Year Ago | |
|---|---|---|---|
| Units Sold | 12 | 15 | 14 |
| Dollar Volume | $779,115 | $1,115,900 | $1,739,670 |
| Average Price | $64,926 | $101,060 | $124,262 |
| Median Price | $54,500 | $85,100 | $78,500 |
Year-to-Date Home Sales Comparison – Mohave Valley
| 2011 | 2010 | |
|---|---|---|
| Units Sold | 145 | 152 |
| Dollar Volume | $14,074,421 | $15,643,471 |
Source: Western Arizona REALTOR® Data Exchange
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