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Home > Bullhead City Real Estate Market
Bullhead City Local News
Real Estate News in Bullhead City - February 2nd, 2017
It is a Seller's Market! Inventory is low and the prices are climbing along with the interest rates...hurry and make a purchase before it's too late! We have many new projects happening here in our area! Come join the fun that this resort style living has to offer! With 2 Lakes, and a River with 11 Casinos on it, we have an abundance of things to do and enjoy and our climate is very moderate! Call me to get your home search set up! Make the move and live the life you love!
Real Estate News in Bullhead City May 11, 2016 - May 11th, 2016
Inventory is dwindling! Interest rates are climbing and so are prices! Contact me to set up a customized search of homes for you here in the Bullhead City area! Please let me know when you will make a trip to our area as I want to be available to show you homes when you are ready! Thank you, Deedee Schwab, Schwab Realty!
News for Bullhead City, AZ - February 7th, 2016 11:07am
Inventory is dwindling! Interest rates are climbing and so are prices! Contact me to set up a customized search of homes for you here in the Bullhead City area! Please let me know when you will make a trip to our area as I want to be available to show you homes when you are ready! Thank you, Deedee Schwab, Schwab Realty!
News for Bullhead City, AZ - July 1st, 2015 5:38pm
The market is on an upswing; so get the good deals before they are gone!! Inventory is so so and the interest rates are starting to climb...! Contact me to set up a customized search of homes for you here in the Bullhead City area! Please let me know when you will make a trip to our area as I want to be available to show you homes when you are ready! Thank you, Deedee Schwab, Schwab Realty!
National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise
The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.
The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.
According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.
The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.
Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.
...Read Full Article
The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.
The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.
According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.
The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.
Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.
...Read Full Article
Fall 2018 Market Update
If you can qualify, now is an exceptional time to buy a home in Bullhead City. Low rates with good home prices makes a home purchase a great value! Call now for more information at 928-727-1607 or email to: deedeeschwab@yahoo.com
Average Sold Home Price: $225,000
Average Time on Market: 10-30 days
Best Selling Price Range: $150,000 - $199,000
Existing Home Prices for the past 90 days: Increasing
Market Trend: No Change
Buyer's or Seller's Market: More buyers than sellers
Buyer Activity for the past 90 days: Increasing
Seller Activity for the past 90 days: No Change
Multiple Offers? Yes
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%
Is Financing Available For Qualified Buyers? Yes
Housing Inventory: Limited Supply
Greatest Activity: Repeat Buyers
Best reason to buy or sell: Good economic news
Nearest Metro Area: Las Vegas
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Mortgage Rates for Dec 17th, 2018
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Deedee Schwab Schwab Realty Specializing in Bullhead City Real Estate 5300 Downey Road Bullhead City, Arizona 86426 928-727-1607 Email Me | Receive New Listings by Email |
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(Because current market conditions can change rapidly in any given marketplace,
please check with Deedee Schwab for current Bullhead City, AZ market conditions before acting on this information.)
please check with Deedee Schwab for current Bullhead City, AZ market conditions before acting on this information.)
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