All our best,
Michael and Petra Fahey CDPE, SFR
Country Ranch GMAC Real Estate
1858 Highway 95
Bullhead City, AZ 86442
The luck of the Irish was with the Bullhead City Real Estate Market during March 2010. We have not seen this many single family home sales since October 2006. For home sellers this is the best time to be on the market in years. Bullhead City Arizona real estate market continues to move in the right direction for recovery. Median sales price did slide back to $112,500 from a high of $125,100 during February 2010 for single family homes in Bullhead City, Fort Mohave and Mohave Valley.
Last month (64%) of the homes sold under the $150,000 price tag where March saw slightly more (73%) of the homes selling under the $150,000 price. Although the foreclosure sales were down in March, the median sale prices for single family homes continued to decrease. Bullhead City, Fort Mohave and Mohave Valley Arizona sales indicates that the market is improving. Local buyers continue to experience 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 deadline approaches. To take advantage of Uncle Sam’s tax credit, you must be under contract by the end of April 2010 and close escrow by the June 2010 deadline.
Call us today!