Cliff Collipriest

KELLER WILLIAMS REALTY
River Cities Cares
Community Events

Pancake Breakfast

When: Saturday, December 6 from 7am to 11am
Where: Keller Williams Realty - 2440 Adobe Road, Suite 106, Bullhead City, AZ
Pancake Breakfast - $5

Keller Williams Realty has partnered with the Coats for Kids Foundation to help kids in the Bullhead City Community. Our goal is to provide new coats for 200 kids in the community.

You can help in 2 ways:

• Drop off a new coat at Keller Williams Realty, Home Depot or Mad Dog Fitness.
• Come join us at the Pancake Breakfast - $5 each
  

We are accepting new coats until the day of the event at Keller Williams Realty, Home Depot and Mad Dog Fitness. The cost of a new coat through the Coats for Kids Foundation is $15 each. All net proceeds will go towards the purchase of the jackets.

Join us along with the Bullhead City Morning Kiwanis Club.

For more information on the event and how you can contribute, contact Keller Williams Realty at (928) 704-2568.

The October sales statistic are in for Bullhead City Real Estate from our Board of Realtors. While there are no big surprises, there are some interesting trends. Residential sales YTD declined 18.46% from the same period last year, with YTD sales in 2007 of 964 vs. 786 for 2008. For the month however, sales in October 2008 were only down 7.14% from October 2007. There were 65 residential sales in October 2008. If you are selling your Bullhead City home it is significant that listings taken dropped more than sales, down 24.21% YTD 2008 vs. the same period in 2007. This means inventory is coming down which may have the effect of slowing the rate of decline on prices and could even indicate a shift towards a neutral market from a buyers market. This could be the news that gets buyers off the fence an back to buying mode. The average price dropped only 13.23% YTD. Still, most sales in Bullhead City are foreclosures and mak up about 60% of all site built home sales

Land/lot sales are still sagging badly. YTD sales are down 47.35% from the same period in ‘07!!! The average sales price is down 21.44% since this time last year. While home sellers are keenly aware of the declining prices and doing a decent job of reducing prices to meet the market, that can't be said of land sellers, which may explain why land sales continue to suffer so badly. The combination of declining prices and declining sales resulted in an overall decline in sales volume of 58.64% from $32,877,571 this time last year to $13,599,708 in 2008. New listings did not drop as much as sales meaning inventory is still in the rise. Not a good sign for land sellers.

Even commercial sales are down though only 13% for the period. The encouraging news is listings are down almost 23%.

The September sales statistics are out and they point to some interesting trends. Of no surprise is that overall, sales are down. Total sales of all types are down 24% from this period a year ago, with 830 total sales thru September ‘08 vs. 1,089 for the same period last year. Interestingly enough. Single family home sales are down only 13% YTD from the same period last year, and the sales of SF homes are actually up for August (+26%) and September (+7%). I think this can be attributed to the bargains found in the foreclosure sector which account for over 60% of all SF homes sales lately.

However, the relatively strong sales of single family homes has taken it's toll on both the Condo market and Manufactured home market. Condo sales are down a dismal 49% for the year so far compared to last year with a total of 44 units sold so far this year vs. 86 a year ago. Ouch!!! Manufactured homes sales are down a whopping 35% from last year with only 262 units sold compared to 403 at this time last year. That trend, unlike the SF sales is not seeing any improvement with sales in August down 48% and September down 36%.

It is my guess that until the number of SF foreclosures gets reduced the sales of Condos and Manufactured homes will continue to stay in the doldrums.

Fall is here and things are hopping now that the weather is cooling off. This past weekend featured 2 concert events in Laughlin, the 4 Tops played on Friday night and the band Journey with their new lead singer were in concert Saturday night. More events are on the calendar including the following:

"21st Annual Chef's Food Fest"
Oct 16: Aquarius Casino Resort Pavilion- annual showcase of talent of casino and local restaurants chefs; lavish food displays and sampling; event is fund raiser for Colorado River charities and is one of most popular events on the calendar; Thurs (5:30 p.m.), $60 per person; also tables of 10 for $600 available; tickets go on sale Thurs, Sept 4; must be at least 21 to attend; for tickets or more information, call the Laughlin Chamber of Commerce at 702-298-2214

11th Annual dB Drag Racing

October 11-12

World Finals Sound Competition

Free Sat 9 am-7 pm Sun 9 am-2 pm

A must see for enthusiasts of

customized cars & car stereos

Extreme Vehicles

Mojave Crossing Event

For info: 928-330-2505

October 17-19

Bullhead City Hardyville Days

Celebrating the Heritage of the Colorado River

Community Park next to 1251 Hwy 95

Friday: 12 Noon-6:00 pm

Saturday: 9:00 am-6:00 pm

Sunday: 9:00 am-3:00 pm

Arts and Crafts Bullhead Chamber

Of Commerce Auditorium (entrance lower level)

1251 Hwy 95 Free Admission

River Valley Artists Guild sponsors

City of Bullhead City, Recreation Division

2047 Commercial Way

For Info: 928-763-0158

October 26, 2008 Chamber of Commerce Golf Classic Hosted by Mojave Resort Golf Club and Sponsored by the Avi Resort and Casino. The registration, continental breakfast and Calcutta will begin at 6:30 a.m. and Shot Gun Start at 8:00 a.m. Sponsorship tee signs and pre-registration for the tournament are available at the Laughlin Chamber. Please call 702-298-2214.

November 21-23

Tri State Renaissance Faire

2nd Annual Tri State Renaissance Faire

Rotary Park, Bullhead City

Hosted by The Adrian Empire

Friday and Saturday 9:00 AM-8:00 PM

Sunday 9:00 AM-4:00 PM

All volunteer charity event w/proceeds

To Mohave Valley Boys and Girls Club

Fee $5 adults $3 children

Combat demonstrations, renaissance crafts, classes,

games, archery contests, parade, Bellydancers,

musicians, and Shakesphere actors

For info: 928-763-9186