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Real Estate Udate July 09 Bullhead City Arizona

By Michael Fahey | July 6, 2009

Wow! We have finished the first half of 2009. All numbers indicate that we finished the first half of the year strong in the Bullhead City, Fort Mohave and Mohave Valley, Arizona markets.

Gazing back over the first half of 2009, our market sales are up from 301 single family homes sales in 2008 to 467 single family home sales 2009. Wow, that is a 153% increase in sales over the first half of 2008. Unfortunately the median sales price for the first half of 2008 was $202,500 compared with first half of 2009 coming in at $135,500. We’re also seeing an indication that active inventory has been decreasing. As of January, 2009, we started at 844 active homes and as of today’s date there are currently 591 single family homes on the market in the Bullhead City, Fort Mohave and Mohave Valley, Arizona areas.

Keeping in step with the financial forecasts, the analysts continue to preach that as the number of homes for sale decrease, we will begin to see the market stabilize. Although foreclosures in the Bullhead City, Fort Mohave and Mohave Valley Market made up 58% of the sales in June, I believe that the increase in sales in our market is a strong indicator that we are working ourselves out of this down market.
Home sellers continue to compete for their share of the buyers in this the foreclosure driven market. Keep in mind that our best edge against the foreclosures is condition. Please continue to keep your home in its “Kodak” appearance to out-shine the competition. We have but one chance to make the cut with a good first impression.
Thank you for your continued confidence in us.
We are committed to getting your property sold. 

Petra Fahey, CLHMS, CDPE
Country Ranch GMAC Real Estate
1858 Hwy 95
Bullhead City, AZ 86442
928-763-3363
928-758-8811 office
928-758-8808 fax
petra@teamfahey.com
www.teamfahey.com

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