Average Price Chart

Look at the chart above closley. Notice that the average price went up from 2004 to 2005 30%. Then you'll see a 15% rise from 2005 through the first four months of 2006. I'm guessing the 2006 average will come down more by the end of the year.

Why? Because there is plenty of homes on the market right now that aren't selling. I think the key for you if you are planning to sell is to place your property on the market for less than the current average price for a similar home to yours. No not down to the 2005 level, but you should expect less than maybe what your neighbors got last year at the peak. Still, if you bought your home in 2004 or before, you've done pretty well.

It is always my stance that your residence should not be considered an investment, I believe it acts more as a liability. Many so called experts are saying the end is near in the real estate market. I do think we are in for some tougher times, but if you had to sell your home today and you purchased it in before 2004 you will still come away with a nice proceed at closing.

While the pressure from investors is leaving the market, there will still be pressure from people who will be relocating to this area. I am not a market guru and don't pretend to be, but I still see a positive market for sellers just not at the same rate we've seen over the last couple of years.

please note that the figures for 2006 are based only on the first four months of this year, the average could be less by the end of the year with softening prices due to an abundance of SFR's on the market currently.

These numbers reflect sales of SFR's in the city limits of Kingman but include north Kingman and Valle Vista which are outside the city limits.