Bullhead City Real Estate Market Report - Mohave, Arizona

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Bullhead City Real Estate Market Conditions and Trends

Homes for Sale > Market Conditions and Trends > Arizona Market Trends > Bullhead City Market Trends

Summer 2010 Market Update Market Commentary Provided by Deedee Schwab If you can qualify, now is an exceptional time to buy a home in Bullhead City. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 928-768-4242 or direct cell connection: 928-727-1607 or email to: deedeeschwab@yahoo.com
Average Home Price	$125,000 - View Graph Trend

Average Price Compared to Last Year	Down 10-15%

Average Time on Market	60-90 days

Best Selling Price Range	$100,000 - $149,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Bullhead City is	Increasing

Seller Activity for the past 90 days in Bullhead City is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	half the sellers are banks (foreclosures) and if the asking price is competitive then we are seeing multiple offers on one property.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	More than 50%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Please contact me as there are many loan programs to choose from in today's active real estate market!

Housing Inventory	Good supply - Some Prices

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Bullhead City! This area is a wonderful 2nd home and/or retirement haven!

Nearest Metro Area	Las Vegas

Housing Hot Spots	Most cities within the Mohave County area are considered 'Housing Hotspots'

Average Sold Price	$125,000 - View Graph Trend

Bullhead City Local News

News for Bullhead City, AZ - Monday October 12th, 2009 3:36pm
Prices continue to reduce and interest rates are still low so now is definitely the time to buy! Lots of inventory to choose from...the market is starting to strengthen and the prediction for a turn around in pricing is still unsure...get your value purchase while the prices are good right now before they start to increase again! Call or email me as to when you can get out to Bullhead City to look at those listings you have been looking at! Deedee Schwab 928-727-1607 or deedeeschwab@yahoo.com

News for Bullhead City, AZ - Thursday August 6th, 2009 4:46pm
There is a new government program for purchasing FORECLOSURES in Arizona! There is a 22% Subsidy of a 2nd mortgage with no payments and it is a totally forgiven loan in 5-15 years depending on the amount! This is not a first time home buyer's program, you can qualify in the State of Arizona if you have rented your primary residence for the last 12 months and if you are relocating here from out of state to make an Arizona home your primary residence then there is no waiting time! THIS PROGRAM IS OFFERED BY HUD AND IS ONLY AVAILABLE UNTIL SEPTEMBER 16, 2010 OR UNTIL THE MONEY RUNS OUT, WHICHEVER COMES FIRST! DON'T MISS OUT ON THIS GREAT OPPORTUNITY TO BUY A FORECLOSURE IN THE STATE OF ARIZONA! WE HAVE MANY FORECLOSURES HERE IN THE BULLHEAD CITY AREA! CALL ME TO SEE IF YOU QUALIFY FOR THIS GREAT PROGRAM, CHANCES ARE YOU DO! TALK TO YOU SOON: DEEDEE SCHWAB SCHWAB REALTY 928-768-4242 OR deedeeschwab@yahoo.com HURRY HURRY!

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Blog Archives

October 2009 (1)

August 2009 (1)

Mortgage Rates

– Jul 30th, 2010 –
---------------------------------

30 yr. fixed rate: 4.60%
15 yr. fixed rate: 4.07%
30 yr. jumbo rate: 5.42%
15 yr. jumbo rate: 4.98%

Home Values

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Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows

For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.

"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."

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	Ask Me! Deedee Schwab *Schwab Realty*	928-727-1607
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)