Kingman, AZ Real Estate News

By Kathleen Murray
(Realty Executives Mohave)
WalMart will be able to sell a .072 acre parcel that sits betweens Smiths and the Super Store on Stockton Hill Road. One Councilman opposed, one obstained butthe measure was passed on the condition that WalMart and Smith's agree to work "in good faith" to allow traffic to pass between thier parking lots.  The goal is to reduce traffic in the area by giving drivers a way to pass between stores without going out on Stockton Hill Road. The property is being handled by Pew & Lake PLC.
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Despite election promises, our newly elected City Council is looking closer at the economic impact of reducing construction impact fees.  At a recent special meeting of Council, City Finance Director, Carol Lloyd's presentation convinced 5 of the seven members that reducing Impact Fees would hurt revenues. In her presentation, Ms. Lloyd presented three alternatives to raising revenue for long term development if Impact Fees were cut.  Option 1, raise sales taxes.  Option 2. Eliminate future capital projects such as Rattlesnake Wash. Option 3. initiate a city primary property tax. Newly elected Mayor Salem and newly elected Councilman Walker argued for a reduction of fees to spur economic growth, while remaining council members feared the burden of future growth would be a burden to King...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
You can find Kingman , Arizona in the northwestern part of the state near U.S. 93 and Interstate 40 right in the heart of the Haulapi and Cerbat mountain ranges.  This city is truly a sight to see as it sits 3,400 feet above sea level, surrounded by breathtaking mountain views.  The city became the county seat of Mohave County in 1887; just 65 years after it was incorporated. The City of Kingman offers many activities and attractions to enjoy year-round.  Haulapai Mountain Park offers camping, hiking, picnicking and much more.  The Colorado River provides an array of activities which include a swimming, boating, fishing, and many other water sports.  There is also many historical attractions and ghost towns in the area. Kingman has a great historic district complete with a walking tour ...
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By Kathleen Murray
(Realty Executives Mohave)
May statistics are out and the results are in. The average home sold this month had 3.08 bedrooms, 2.08 baths, 1.93 car garage and was 1,543 square feet of living space, built in 1995.  Average price per sq. ft was $110. It took an average 152 days of marketing and an average of 192 days to close escrow. Sellers reduced prices approx $15,379 from the first day on market and gave another $9,328 in concessions. The median price for the area is off 24% compared to May 2007 and down approximately 20% for the year. Price range of properties sold was between $44,000 through $560,000. Although the numbers are not the most encouraging, we are finding that properties priced correctly, aggressive sellers, and committed marketing is working and our listings are selling.
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By Terence Delaney, e-PRO
(West USA Realty)
Wal-Mart is one step closer to building a distribution center in the Kingman area.The retail giant has approved a payment to secure water from the Interstate 40 system, Mohave County Economic Development Department Deputy Director Jonas Peterson said in a news release Friday.The project manager for the center contacted Peterson with the information."Securing the water isn't exactly a groundbreaking, but it certainly shows they are serious about building the distribution center," Peterson said.Wal-Mart is facing a one-time hookup fee of $1,420 per gallon per minute for 200 gallons a minute - totaling $284,000 - Mohave County Public Works Director Mike Hendrix said.In February 2006, Wal-Mart purchased land for the center next to Griffith Energy Plant along I-40, seven miles west of Kingma...
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