December Home Trends Update

Real estateIn November 2016, The Bullhead City real estate market saw 75 homes sold with a sale price volume of $9,793,647. The average time on market was about 59 days with the majority of homes selling within the first 30 days of being listed. Median sales price for November was around $138,000 with the average sales price being about $175,000.

Cash was again the preferred method of finance, with 30 units sold. 24 units were sold using Conventional, FHA or VA financing and 2 units were sold using owner carry.

Of the 75 Bullhead City homes sold in November, 1 and 2 bedroom layouts were about even with 3 bedroom layouts. Only 2 homes sold in November had over 3 bedrooms.

For more information on the Bullhead City real estate market, or to buy and sell property, call Nikki Reagan at Cinque Terre Realty, 702-493-0781.

* Bullhead City Home Trends Information from WARDEX Homes Sold Report including closed sales of agents from Bullhead City, Kingman and Lake Havasu Associations from November 1-30, 2016. Count does not include vacant land, multi-family or commercial properties and is limited to Bullhead City, AZ home sales only.

Comments are closed