August 2015 Market Watch

August is upon us as the local businesses gear up for the River Regatta.  Bullhead City officials are expecting 30,000 people to partake in our restful city on the banks of the Colorado River.  Clear skies are expected and hoped for as we are in the midst of our monsoon season.  Last weekend we attended, along with 100 others, the “Moonlight Kayak Trip” which is a fund raiser for the “Shop with a Cop” program.  The sky was heavy but out we launched from Davis Camp heading for Rotary Park with a quick refreshment stop at the Chamber.  The sunset was gorgeous mostly due to the overcast skies.  Once we arrived at Chamber we enjoy cold water, hot pizza from Little Caesar's and yummy hotdogs. The trip was called due to anticipated strong winds of up to 30 miles an hour.  Thank you to the event planners for keeping in constant contact with the National Weather Service for us all!

The Bullhead City, Fort Mohave and Mohave Valley real estate market continues to prance at an upward tick.  During July 2015 Realtors and their sellers and buyers braved the heat and sold or purchased 78 single family homes.  Pending sales stayed at an even keel of 110 single family homes under contract.  Prices were down a pinch from June but remain above or nearly even with the rest of year.  The chart below reveals the trend for our local market.  I’m giving it a thumbs up on all accounts!

 

 Average Sold Price 

 Median Sold Price 

 Average % Foreclosures 

 # Homes 

 Average # Homes 

 

 Average # Homes

   

 Sold

 For Sale

TTD 2015 

 172318

 156233

 12

 500

 482

2014

 178928

 152268

 15

 820

 431

2013

 158700

 137783

 21

 826

 383

2012

 136935

 123796

 36

 872

 285

2011

 130667

 114079

 51

 973

 393

2010

 125290

 116736

 61

 1037

 460

2009

 158209

 136633

 63

 949

 662

2008

 212761

 179656

 Didn't Track

 691

 953

2007

 271742

 234408

 Didn't Track

 626

 216

 

         

Michael and I with Kelsey are in full swing as we are continuing to list and sell in the Tri-State area.  We can’t thank our past clients and friends enough for the constant stream of referrals and repeat business that you send us.  We are working on increasing our reviews on Zillow.com and Trulia.com. 

If you haven’t reviewed us in the past, keep a look out in your email account as we are sending requests for reviews.  It will help us help others with their next move.

 

Thank you again for your continued support and referrals!

 

Michael and Petra Fahey

US Southwest Real Estate and Leasing

3767 Highway 95

Bullhead City, Az 86442

928-763-3363

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