Hello,

Just checking in and wanted to give you a quick update!

Currently we have 9 lots in Golden Valley, AZ with water meters at the property line.

Water Options in the Desert

Hello, this is Rachel Gibson, REALTOR®. A couple days ago I told you about how water hauling works and how easy it really is to haul your own water. Today I would like to talk about the use of water wells on properties. A water well is a hole drilled into the ground to access water from an aquifer, a layer of water-bearing rock or sediment. Wells can be dug, driven, or drilled, and they come in different shapes and sizes depending on the material and how much water is being pumped.

More than 42 million people in the United States use individual or private wells to supply water for their families every day.

I often have people ask me about how much it costs to dig a well. The first consideration is how deep is the well going to have to be…the deeper the well, the more costly, the more shallow the well, the less expense. The price of a well install has gone up significantly in the last few years. The last well quote I got was for $58k to dig about 1000 feet…another quote I just heard about was for $40k to dig a well about 600 feet. Just like with anything else, you need to shop around to find the best prices. Brown Drilling is well known around Kingman for drilling wells. Search “water well installers” to find more options and to get multiple quotes.

Wells are the ideal way to go when it comes to living in the desert. With your own well you can literally create an oasis in the desert. I live on water haul myself so I really appreciate what a well has to offer. Water is life. Without water you won’t be living in the desert long. With a well at your disposal, the sky is the limit. Unlimited water supply of your own with no water bills? Who could beat it? Grow trees, grow food, build a swimming pool! What can’t you do with a well?!

If you can afford the $30k plus price tag to install the well, I highly recommend it! Water in the desert is life! Signing off.

Hello, everyone. I'm Rachel Gibson, REALTOR® here in Kingman, Arizona. Today, I'm excited to bring you a land market update. Today is August 7, 2024.

Let's dive into the numbers. Currently, we have a 12.98 Months Supply of Inventory in Kingman. This means that it would take approximately 12.98 months to sell all the homes on the market if no new listings were added. Over the last 12 months, we have seen a decrease of -7.42% in Months Supply of Inventory, indicating a more competitive market for buyers.

The List to Sold Price percentage in Kingman is 89.1%, showing that sellers are able to negotiate prices closer to their listing price. The Median days on market is 60, meaning that land is selling relatively quickly in our area.

the Median Sold Price. In Kingman, the Median Sold Price for land is $16,750. This number does not really tell you much b/c land comes in all sizes. I can tell you though in the last 30 days, Kingman sold 42 lots as low as $200 per acre up to $2600 per acre. It depends on lot size and location but you can see the price per acre is all over the map. The key indicators are does it have power, water, and paved roads? That makes all the difference!

Whether you're a buyer or a seller, it's important to stay informed about the real estate market in Kingman. If you're thinking about buying or selling land or a home, now is a great time to make a move.

Stay tuned for more updates from me, Rachel Gibson, REALTOR® in Kingman, Arizona.