Bullhead City Real Estate loves February Sales Numbers

Got to love February 2010 as the Bullhead City Arizona real estate market continues to move in the right direction for recovery.  Very exciting news is that the median sales price jumped up to $125,100 from a low of $102,000 in January 2010 for single family homes in Bullhead City, Fort Mohave and Mohave Valley.

We saw an increase in home sales as there were 89 homes sold in February 2010 compared to the 80 the month before.  More good news, the number of homes going under contract during February was also up (130) compared to a year before (57).

Last month (86%) of the homes sold under the $150,000 price tag where February saw 64% of the homes selling under the $150,000 price.  Although the foreclosure sales were up, the sale prices have also increased.  This is good news for sellers and home owners in the Bullhead City, Fort Mohave and Mohave Valley Arizona areas as all indicators show prices are improving.  Tough news for local buyers as they are experiencing multiple offers on the Hot Properties in the under $150,000 price range. As mentioned last month, we expect the real estate market to continue to heat up as the Tax Credit date approaches.  (April 2010 deadline to be under contract and June deadline to have closed escrow)

Bullhead City Fort Mohave, Mohave Valley Arizona Real Estate Market Chart

Our phones are ringing at Country Ranch Realty with buyers asking questions about homes on the market in Bullhead City, Fort Mohave and Mohave Valley Arizona.  With buyers searching for homes to take advantage of the tax credit, and the deadline fast approaching, this should raise seller’s hopes that the offer they are looking for may be on the way.

A special thank you to all our past customers and clients, for taking the time to fill out the Service Survey.  Thanks to your positive responses, I was granted the Quality Service Certified® Gold status in recognition of exceptional service satisfaction measured and compiled for 2009 by Leading Research Corporation (LRC). Client feedback from the surveys becomes part of my credentials.  An overall satisfaction rating is displayed on a consumer website (www.QualityService.org) where sellers and buyers have the ability to select a real estate professional based upon each agent’s validated record of service satisfaction.