November Home Trends Update

istock_000003688562mediumIn October 2016, the Bullhead City real estate market saw 81 homes sold. The average time on market was about 94 days, with the majority of homes selling within the first 31 days of being listed.  Median sales price for October was $129,000 with the average sales price being about $143,000. Cash was king with 39 homes being sold, while only 25 homes were sold using a conventional or FHA loan and 13 homes sold with a VA loan.

Of the 81 Bullhead City homes sold in October, 1 and 2 bedroom layouts were more popular with 39 units sold, versus 36 three-bedroom units and only 6 units sold being 4 bedrooms or larger.

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 October 1-31, 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