With almost three quarters of 2012 behind us it is clear that the average and median home sales prices in Bullhead City, Fort Mohave and Mohave Valley are coming up! Median and Average sales prices have not been consistently this high since the first half or 2009. In more recent history, September 2010 was the last time our market had a median sales price higher than July 2012 median sales price. Our real estate market in Bullhead City, Fort Mohave and Mohave Valley continues to out perform itself month after month during 2012. Inventory of homes for sale continues to remain under 300 as the number of homes sold for the year is 615. Continuing at this rate, we will likely finish 2012 with slightly fewer home sales that 2011 but our average and median sales price will increase over last year.
| | Average Sold Price | Median Sold Price | Average % Foreclosures | # Homes Sold | Average # Homes For Sale | ||||||
| 2012 to date | $132,923 | $119,156 | 39% | 615 | 285 | ||||||
| 2011 | $130,667 | $114,079 | 51% | 973 | 393 | ||||||
| 2010 | $125,290 | $116,736 | 61% | 1037 | 460 | ||||||
| 2009 | $158,209 | $136,633 | 63% | 949 | 662 | ||||||
Good news for the Bullhead City Region, according to the Council of Community and Economic Research, the Bullhead City region is the most affordable region in Arizona. Six organizations making up the Economic Recovery Committee are taking this news seriously and leveraging it to increase growth to our area. With a simple goal in mind “Making our Region Grow”, the committee has set their sights on adding 1000 new residents to the area every 12 months. The link to the video below was given to the City Council Members Tuesday evening by yours truly.
