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We are still keeping busy. The market is not as brisk here as it was 2 years ago, when we sold 40 more homes in the month of August. Days on market, or the average time it takes to sell a home is currently 63 days. As always, working with a great Realtor and pricing based on comps helps get those homes sold! The number of homes sold is lower than 5 years ago, (almost 20%), the average sale price is 45% higher than 5 years ago. Inventory is still low, so it is, as always, a good time to sell!

The markets are always changing

As we have all heard by now, 2021 was an awesome year for Real Estate, especially if you were a seller! The marker we use when working on statistics is Residential Homes in Bullhead City, Fort Mohave and Mohave Valley Arizona. In 2021, our local MLS sold 2375 homes, up 18 %, or 361 home sales over 2020. Those homes sold more quickly too. Average days on market dropped from 64 days in 2020 to 36 in 2021. Because our listing inventory was so low, and interest rates have also been low, average size homes priced well sold as quickly as they hit the market! So just what is average? In our market, the average sale price in 2021 was $267,535.00, up from $228,023.00 in 2020. That’s a 17% increase!

My residential statistics include site built single family homes and manufactured homes. About 1/3 of our home sales are manufactured homes. The last census data from Bullhead City also points to a similar breakdown of site built and manufactured homes.

According to a recent Mohave Valley Daily News article, Bullhead City’s City Manager Toby Cotter reports our community is placed in a very advantageous position to grow. The most recent census put the BHC population at 42,000. BHC water supply can support 110,000 residents. There are currently more than 100,000 lots in permitting or plat review with the city. 3,000 of those lots are in planning phases, and 2,000 units are being planned for multifamily use.

The city’s general plan for the state lands near Miracle Mile and Oatman Road include 250 single family lots and a bevy of multifamily lots, predicted to be more than 500 total units with a range of pricing.

“We keep encouraging our developers to bring affordable housing to our community,” Cotter said. He predicted the process will take years, with an estimated 400 to 500 units being built annually.

Team Sponder with Desert Time Realty

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Our Team

Team Sponder with Desert Time Realty is a family team: mother, daughter and son-in-law, selling real estate in the Tri-State area including Bullhead City, Fort Mohave and Mohave Valley.

Our office is open daily and we are available 24/7. Give us a call if we’re not at the office and we’ll set-up an appointment as soon as possible.

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Our Office in Bullhead City

Team Sponder with Desert Time Realty.
2461 Miracle Mile
Bullhead City, Az 86442
(928) 201-8851

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Buyers & Sellers Resources

Check out our resources for buyers and sellers. From local to Statewide resource documents and links to useful sites.

BULLHEAD CITY — Halfway through 2023, the economic picture for the city remains strong, officials say.

"The city continues in an upward trajectory," said City Manager Toby Cotter.

Tourism, retail, housing construction, distribution and manufacturing, in addition to small business has been strong all year, he said.

Five Below, a retailer offering "trend-right, high-quality products," with most items priced between $1 and $5, and I Heart Tacos, a Mexican-style restaurant serving street tacos, open later this summer in Mohave Crossroads, 3699 Highway 95, joining the recently opened Ulta Beauty, the largest beauty retailer in the U.S.

"Ulta and Five Below are very trendy new stores," Cotter said. "They are attracting other retailers to the Mohave Crossroads — Stay tuned for more announcements at Mohave Crossroads."

Other outlets coming soon include Church's Chicken near Sam's Club, 600 Highway 95, Circle K across from Motel 6, 1081 Highway 95, and Sunshine Nail Bar south of Dunkin Doughnuts, 2520 Highway 95.

C-A-L Ranch, a ranch and home store is opening a 60,000-square-foot store in the former Stage and Beale locations at Riverview Mall, 2350 Miracle Mile.

This is going to be an anchor for the mall and it’s a great concept store for our region, Cotter said.

Exceptional Healthcare Hospital, at the southwest corner of Marina Boulevard and Highway 95, should be completed in November, Cotter said. Next to Exceptional Healthcare, Chipotle Mexican Grill, a restaurant that specializes in bowls, tacos and Mission burritos, is coming soon.

Maverik on Highway 95 received a temporary certificate of occupancy, Cotter said. "They should be opening within the next few weeks."

Current construction projects also include an 18,000-square-foot addition at Findlay Chevy Buick GMC, 2565 Laughlin View Drive, North Fork at Laughlin Ranch, 1360 William Hardy Drive, has 106 single-family residential lots currently under construction.

Numerous collegiate apartments on and near Mohave Community College campus, 3400 Highway 95, are in the works, Cotter said. Single family housing is being built across all neighborhoods.

"There were 297 new single family homes in 2022, and the city anticipates at least 350 single family residential units in 2023," he said.

Cotter said the city has created a pro-business environment with expedited reviews in the building department.

To help market the community to business, the city invests in attending the annual International Shopping Center Conference in Las Vegas each May, where the city shows off what it has to offer, and sets meetings with developers and interested parties.

"We recruit and attract new businesses through an aggressive marketing campaign," he said. "We have some great new developments planned for late-2023, 2024 and 2025."