May Sales Report (2007)

I'm going to ease off the commentary on the facts that I have been gathering and let you do the commentary in the comments this month. So without further ado...

The disclaimer:

Disclaimer... all data compiled for this report comes from the WARDEX Data Exchange and does not include any sales activity from outside that resource. All research is done only on single family homes and there is no inclusion of modular homes, commercial properties, or vacant land. The geographical area researched includes; all areas within the boundaries of the city of Kingman, north Kingman, the Hualapai Mountain area, and the Valle Vista subdivisions. Click here to see maps of the included area's.

Listings and sales in units chart:


Average listings and sales averages chart:


2004 through 2007 unit sales chart:



2004 through 2007 average price chart:



The average home sold in May had 3.13 bedrooms, 2.2 bathrooms, a 2.13 car garage, included 1,697 square feet of living space, and was built in 1993. The average hold sold for an average of $126 per square foot of living space.

It took an average of 138 days of marketing to attract a buyer to come to an agreement and a total of 178 days from the first day of marketing to the close of escrow.

Sellers reduced price $14,090 to attract a buyer on average from the first day of marketing, and conceded another $7,575 to the buyer in the transaction. The total average price concession for the homes sold in May was $21,665.

You be the market expert... what say you??