Michael & Petra Fahey
US Southwest Real Estate Sales & Leasing

Cell: 928-715-0925
Office: 928-763-3363
Fax: 888-511-0218
Team@TeamFahey.com
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Greetings from the Tri State Area,

 

Bullhead City’s summer is upon us as locals and travelers alike have been experiencing hot temperatures!  Despite the heat Team Fahey has been experiencing little down time.  Phones ring, text messages chime and emails signal that lock boxes all over town have been opened as homes are shown to hopeful buyers braving the heat looking for the right house to call home.

 

With 454 active single family homes for sale in the Bullhead City, Fort Mohave and Mohave Valley area the selections are plenty even though prices continue to rise.  This year’s buyer is likely experiencing remorse over not purchasing last year.  Average sales price for a single family home in our market during July 2016 was $194,286 while July 2015 reported $184,803.  The number of homes selling continues to improve as well with 551 homes selling through July 2016 compared with 500 in the same time frame from 2015.  It is apparent that we will likely exceed last year’s sale numbers of 815.

 

 

With the local real estate market moving along the riverfront home market has also seen improvement over last year.  With the season more than half over the members of the Bullhead City/Mohave Valley Board of Realtors have reported 12 riverfront sales year to date with an average sales price of $240.00 per sq ft compared to last year overall sales of 18 which sold at $211.00 sales price per sq ft.  Currently there are 4 riverfront homes under contract so it is very likely that we will exceed last year’s sales numbers.

 

 

How is new construction playing into the equation? This information is a bit more difficult to pin down as most of the sales are not reported through our MLS system.  It is clear to all that the construction industry is making a comeback.  A few years ago one rarely saw “Sticks in the Air” but today, it is common place in nearly every community.

 

Looking to Buy or Sell?  

Make it easy on yourself and contact Team Fahey  

We are easy to find www.TeamFahey.com 928-763-3363

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Michael and Petra Fahey

US Southwest Real Estate Sales and Leasing

3767 Highway 95

Bullhead City, AZ 86442

928-763-3363

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