Kingman Home Sales
Thru out the country, we are seeing more and more positive news regarding the real estate market. Everyone has come to realize, that the rest of the economy will not recover, until we get a recovery in the real estate market. The same goes for Kingman, when the Kingman real estate market recovers, the rest of our "local" economy will see rebounds as well. Over the last several years, our economy has been based on Kingman's New home construction. With the down turn in the market, many of Kingman's Contractors, home builders and developers have either moved out of the area, or out of business. This of course has a major trickle down effect on the rest of the economy from Kingman Hotels, restaurants and grocery stores.
The bright side of the picture, Kingman home sales have been on a steady increase over the last few months. Spending a little time in front of the computer, i have been reviewing the Kingman housing market from this year to the same months in 2008.
For July of 2009 vs. 2008 we saw an increase in Kingman homes of 21%. For June 2009 vs June 2008, we saw a huge jump of over 39% for Kingman Homes. This jump in Kingman's home sales is very typical of what is happening across the country. Its a slow increase, however, it is a steady increase, with national home sales on the rise for the last 3 months, and new construction has also seen an increase for the last 5 months..
Coming out in the next day or 2, will be the end of july office stats. Check back to see where the Kingman RE/MAX and Lake Havasu RE/MAX Offices rate. The numbers are getting exciting as we are continuing to build a great group of Kingman REALTORS. Please feel free to contact me with any questions on the Kingman real estate markets.
Have a Great Day!
Posted at 02:28PM Aug 10, 2009 by Dwayne Patterson in General | Comments[0]