|
|
-
Absolutely YES, the tax credit has helped our local real estate market. Since the first of the year Country Ranch’s Agents have been coaching their clients on how to write the winning offers when they are in the situation of having to compete against other buyers for the same home. With the inventory shrinking in the Bullhead City real estate market buyers have had to strike while the iron was hot. During the first quarter of 2010 we saw record numbers of homes going under contract. The first quarter saw 341 homes go under contract which is up over 106% from 3 years ago. Record sales were achieved during this same time with 287 single family homes closing escrow during the first quarter, an 87% improvement over 3 years ago. With the inventory shrinking and sales up, we had hoped that we would be enjoying a higher average and median sales price. With the median sales price down 56% from 3 years ago, one has to wonder how long it will take for the prices to begin to come back. April 2010 saw 67% of the single family homes sales were foreclosures with an additional 7% being short sales. “Regular” or what is now termed “Real People” selling accounted for 26% of the sales. The Bullhead City, Fort Mohave and Mohave Valley Arizona real estate market continues to be a challenge for homeowners selling their homes. Remember, when competing against a foreclosure or distressed property, pricing and condition is the key component in getting a contract. We expect closings to remain strong as the buyers using the tax credit need to close mid June. Everyone is waiting to see how many homes go under contract during May 2010. We know that there is a chance that sales may slow as the tax credit is over, but we remain confident that 2010 will outperform the past few years. Interest rates are low, and people love our river city. As always, contact Michael and Petra Fahey with your questions or concerns. 
|
-
|
Got to love February 2010 as the Bullhead City Arizona real estate market continues to move in the right direction for recovery. Very exciting news is that the median sales price jumped up to $125,100 from a low of $102,000 in January 2010 for single family homes in Bullhead City, Fort Mohave and Mohave Valley. We saw an increase in home sales as there were 89 homes sold in February 2010 compared to the 80 the month before. More good news, the number of homes going under contract during February was also up (130) compared to a year before (57). Last month (86%) of the homes sold under the $150,000 price tag where February saw only 64% of the homes selling under the $150,000 price. Although the foreclosure sales were up, the sale prices have also increased. This is good news for sellers and home owners in the Bullhead City, Fort Mohave and Mohave Valley Arizona areas as all indicators show prices are improving. Tough news for local buyers as they are experiencing multiple offers on the Hot Properties in the under $150,000 price range. As mentioned last month, we expect the real estate market to continue to heat up as the Tax Credit date approaches. (April 2010 deadline to be under contract and June deadline to have closed escrow) Bullhead City Fort Mohave Mohave Valley Arizona Real Estate Market Chart Our phones are ringing at Country Ranch Realty with buyers asking questions about homes on the market in Bullhead City, Fort Mohave and Mohave Valley Arizona. With buyers searching for homes to take advantage of the tax credit, and the deadline fast approaching, this should raise seller’s hopes that the offer they are looking for may be on the way. A special thank you to all our past customers and clients, for taking the time to fill out the Service Survey. Thanks to your positive responses, I was granted the Quality Service Certified® Gold status in recognition of exceptional service satisfaction measured and compiled for 2009 by Leading Research Corporation (LRC). Client feedback from the surveys becomes part of my credentials. An overall satisfaction rating is displayed on a consumer website (www.QualityService.org) where sellers and buyers have the ability to select a real estate professional based upon each agent’s validated record of service satisfaction. Thank you again for your continued support. As always, Michael and I are focused on your success. Please contact us with any questions or concerns 928-758-8811 or petra@teamfahey.com.
|
-
• 1,870 sq. ft., 2 bath, 3 bdrm single story -  MLS® $195,000 USD Laughlin Ranch, Bullhead City - Beautiful home located on large cul de sac lot with 40 ft boat deep pull through garage. Tile floors, high ceilings, wired for surround sound. Master offers sep garden tub and walk in shower nice views to mountains from slider that opens out to patio. 2nd and 3rd bedrooms are nice sized. Kitchen has breakfast bar, slider from diining area to patio. Backyard fenced and landscaped. Window treatments. Home is in excellent condition. Property information
|
-
|
2010 has begun and Bullhead City Arizona real estate market continues to move in the right direction for recovery. Although the sales are remaining strong, we saw the median sales price drop to $102,000 in January for single family homes in Bullhead City, Fort Mohave and Mohave Valley compared to $124,000 January 2009. Part of the reason for the drop is because there are more first time buyers in the market. There were 80 homes sold in January 2010 compared to the 63 the year before (36 home sales in January 08). This means the market is coming back but it still has a ways to go. The number of homes going under contract last month was also up (128) compared to a year before (84). The bulks (86%) of the homes sold were under the $150,000 price tag. That’s the perfect price range to the first time buyers trying to take advantage of the $8,000 tax credit. We expect to see this range heat up even more as we get closer to the April 2010 deadline (to be under contract) and June deadline (to have closed). Days on the market remains steady as January average days on the market was 138 compared to January 2010 of 128. The number of days a home sits on the market before going under contract has improved. The average last month was 95 compared to the year before of 152. Keep in mind that the coming tax credit deadline is having a positive impact on the days on market. Bad news, homes price over $150,000 are seeing longer days on the market and fewer sales than homes under$150,000. As the market continues to recover across the United States we remain hopeful that we will begin to see a return of buyers to Bullhead City Arizona ready to purchase homes in the higher price ranges. February 2010 has started strong. Our phones are ringing at Country Ranch Realty with buyers asking questions about homes on the market in Bullhead City, Fort Mohave and Mohave Valley Arizona. With buyers searching for homes to take advantage of the tax credit, and the deadline fast approaching, this should rise seller’s hopes that offer they are looking for may be on the way. As always, please contact us with any questions or concerns. We are committed to your real estate success.
|
-
• 7,200 sq. ft. 2 story - MLS® $799,000 USD Holiday Highlands, Bullhead City - Large building on the highway in the heart of town.Property sits on a busy high visibillity corner lot and offers easy access and parking. Building is currently a combination of office space, showroom and work bays. Currently used as an upholstery shop, other possble uses include sales/repair shop. Separate utilities allow for leasing office space and work bays to individual tenants. Owner terms for qualified Buyer. Property information
|
-
Former Model Over $30,000 in upgrades
• 1,335 sq. ft., 2 bath, 3 bdrm single story - MLS® $175,500 USD - Reduced Winterhaven Estates, Bullhead City - BUILDERS MODEL HOME! Over $30,000 in Upgrades! Fabulous model home complete with all the amenities you can think of. To start with you will notice the custom paver drive way, gorgeous landscaping with courtyard entry. Upon entering the home you will find upgraded carpet and pading, open floor plan with courtyard to slider and french doors to guest room, surround sound, security system, upgraded tile flooring, solid surface counter tops, raised panel cabinets in the kitchen, glass block accents, upgraded insulation, and huge 3 car garage. Front and back yards are fully landscaped with a built in Bar-B-Que. Fully block wall fenced complete with RV parking! So much more! Brand new community offers underground utilit Property information
|
-
• 1,494 sq. ft., 2 bath, 3 bdrm single story - MLS® $199,900 USD El Camino Village, Bullhead City - Great home in wonderful area,Close to shopping. 3/2 with double RV parking includes rv hook ups & clean out. Room for all of the toys. New ceramic tile & paint. Property information
|
-
Riverfront
• 988 sq. ft., 2 bath, 2 bdrm single story - MLS® $99,900 USD Rio Vista Condos, Bullhead City - Great get-away condo with pool,club house,and boat dock. This unit is on second floor Property information
|
-
• 622 sq. ft., 1 bath, 1 bdrm single story - MLS® $129,900 USD Roadhaven Condos, Bullhead City - Nice 2nd floor unit on west side of street. Property information
|
-
• lot / land - MLS® $474,000 USD The Shores, Bullhead City - 55 of riverfront with seawall already in. Property information
|
-
• lot / land - MLS® $89,900 USD Fort Mohave Mesa Ranchos, Fort Mohave - Great get away lot already fenced with sewer within 500ft. There presently is water and gas on property . The well on the property has been there since previous purchase and paperwork is not available. Property information
|
-
• lot / land - MLS® $399,900 USD Holiday Shores, Bullhead City - One of the last deep water lots available at a great price. Property information
|
-
Bullhead City and the Colorado River has been a destination spot for travelers and vacationers alike. Many family traditions and fond memories have been created here for over the last 30 years. Waterfront living at its best with sun-filled days on the water mixed with fun filled nights on the town. Living in our countries recession and depressed housing market, what should a person do? Deciding to purchase can be a stressful decision and without the luxury of a crystal ball it can be worrisome. As we review the cost per sq ft approach to sales of luxury homes on the Colorado River, we can plainly see that prices have not been this low since 2004. The quality of home that is on the market today is generally more upgraded with luxury amenities far surpassing the amenities in the homes selling in 2004. Will the prices slide down a bit more? We do know that we never know when the market has bottomed out until the prices begin to increase, and then, you have missed the bottom. One thing is for certain, memories made with friends and families sharing days on the river are some of the most precious. Can a value be put on memories spent with loved ones? According to the ILHM National Report this week the current median price per sq ft in the luxury home market is $318.00. ILHM’s data is calculated from properties on the market in the most expensive zip codes in each region. Our riverfront homes are selling on the average of $194.00 per sq foot. Perhaps today is the time to buy.  2001-2009 Bullhead City Arizona Riverfront Home Sales 
|
-
• 1,936 sq. ft., 2 bath, 3 bdrm single story -  MLS® $395,000 USD Punto De Vista, Bullhead City - 1.81 acres...On top of the hill! Panoramic views from this Sante Fe style home, each bedroom has it's own sliding door to a patio/courtyard. Huge newly upgraded family kitchen/dining room area. Two fireplaces, floor safe, large observation deck with River,Casino, City light and Mountain Views forever, 1200sq.ft double insullated cooled shop, with a 12'x12',10'x10'and a walk in door. Property information
|
-
• 2,204 sq. ft., 3 bath, 3 bdrm single story - MLS® $299,900 USD Los Lagos Waterfront, Fort Mohave - Brand new home on Lake...many upgrades with nice game room. Travetine floors and granite counters. WAY BELOW COST Property information
|
|
|
|