Looks like it to me, but I don’t know this market.  It was 165,000 last March and has been dropping steadily.

https://www.zillow.com/homedetails/411-Riverfront-Dr-LOT-15-Bullhead-City-AZ-86442/2114129674_zpid




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It's kind of hard to say. Bullhead got beat up bad from the melt down in 2007 and it still hasn't recovered from the highs compared to California/Havasu. I bought a Townhouse on the water in 2011 and my nextdoor neighbor bought his in 2006. He paid a little more than 4 times more than I did. Now with the market being up my place has doubled in price but his is worth half of what he paid for it. If your interested in making an offer I would say offer $50,000 and negotiate from there.