Bullhead City, Fort Mohave and Mohave Valley, Arizona real estate markets closed 85 single family home sales for the month of June.  Median sales price slid back to $110,000. With 72% of the homes selling for the month of June were under $150,000 this is not too surprising.  The market enjoyed one riverfront home closing in June and an additional 6 homes selling for over $200,000.   

Consistent with last month, the month’s supply of single family housing inventory continues to drop.  During June 2010, the Bullhead City, Fort Mohave and Mohave Valley Arizona experienced 4.8 months of inventory, the lowest in years.  With the inventory dropping and the sales remaining strong it seems that our market median price range should begin to stabilize.  

Buyers that are in escrow can be relieved that the tax credit close date has been extended to the end of September.   This is good news as there are 95 single family homes in escrow in the Tri State area.  

The 4^th of July holiday weekend has started the month out strong.  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.  The updated www.CountryRanchRealty.com website is seeing an increase in traffic.  With over 40% of the website users being a return user we are confident the site is working.  

As always we are focused on your real estate success. 

Wishing you a safe and HAPPY 4^TH OF JULY!

Tags: Bullhead City housing market, Bullhead City real estate, BullHead City Real Estate Market, Fort Mohave home sales, Fort Mohave Housing Market, Mohave Valley Homes for sale

Posted on Saturday, July 3rd, 2010 at 6:10 pm and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.