It is hard to believe that 2016 is half over. The days seem to have raced by as we have been busy getting properties sold for our clients. We have helped 24 families move this year and another five are expecting keys by the end of the month. We can’t thank you enough for sending us your friends and family our way. Without your continued support we would not be experiencing this level of success!
So, how have the local Bullhead City, Fort Mohave and Mohave Valley real estate markets done for 2016? During June 2016 the Western Arizona Data Exchange (WARDEX) MLS system is reporting 91 single family home sales with an average sales price of $189,574. This number is slightly higher than June 2015 which reported 82 single family home sales and an average sales price of $186,769. Year to date WARDEX has reported 475 single family home closings. We are on track to exceed 2015 numbers of single family home sales which was 830. This is exciting news!
Other good news, 4 riverfront homes closed escrow during June, ranged in sales price from $425,000-735,000. Year to date there have been 11 riverfront homes sale and there are currently 2 in escrow. Fortunately for Team Fahey we were responsible for 3 of these sales. It appears the market is on track to exceed last year number of riverfront home sales which were 18. Also prices continue to increase for homes on the Colorado River.
Is it still a good time to buy? We think it is. Interest rates remain low and there is a fair amount of inventory to choose from. Is it a good time to sell? Absolutely! Give us a call for a market evaluation as to value of your home.
Thank you again for all the referrals you have sent us this year. We also appreciate you taking the time to review us on Zillow.com. It is helping us connect with buyers from out of the area looking for real estate help.
Wishing you all a great week!
Michael and Petra Fahey
US Southwest Real Estate Sales and Leasing
3767 Highway 95
Bullhead City, AZ 86442
Teaming Up For You
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