Kingman: New home sales slow as prices creep into “bubble” territory

New homes are under construction by Angle Homes in the Hualapai Foothills and Hualapai Shadows subdivisions. While sales have slowed, home prices continue to increase in Kingman and elsewhere in the nation. / Photo by Hubble Ray Smith / Daily Miner

 

By Hubble Ray Smith | Daily Miner

Home sales have slowed across the nation after a busy spring, and higher prices in certain markets are giving buyers cold feet as they fret about another housing bubble.

Doug Angle, founder of Angle Homes, said he’s seen a slowdown in sales over the last couple of months. He closed 91 new home sales in 2017 and expects to increase that number to about 110 this year.

“We’re still selling homes, but not as much as the spring,” Angle said. “You’ve got to keep an eye on it. It kind of makes you nervous. You don’t know if it’s peaked or not.”

Angle is actively building in eight housing subdivisions around Kingman with homes starting at $152,000 for a three-bedroom, two-bath home in Cerbat Vistas and ranging up to $575,000 for a four-bedroom, 3½-bath home on two acres at Copper Wind.

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