SANTA IS COMING!!!! & SO IS REAL LIVING !!!
Real Living Real Estate that is…….
As 2011 approaches, real estate continues to change and Country Ranch is changing too! We are pleased to announce that our parent company, Brookfield Residential Property Services, has acquired Real Living Network Services, and as a result will now rebrand GMAC Real Estate as Real Living.
Real Living (www.realliving.com) is a national, award winning company known for its innovation and customer service. It is a fresh, consumer-focused, real estate brand with an energetic, friendly appeal, and a strong online presence. As our two companies come together, we will take the best from what we have in our existing business and combine it with the best that Real Living has to offer; allowing us to continue to deliver services that meet and exceed your expectations.
The rebranding of our company will take a little time, so you will not see any changes immediately. However, I am very excited about this news and wanted to share it with you. I’ll be sure to keep you updated as we transition to the new brand. Keep an eye out for our new signs set to hit the streets of the tri state area in January 2011.
As our valued client, we also want to assure you that we plan on making this transition seamless for you, and that you will not experience any disruptions as a result of the rebranding.
We truly believe this is a positive change that will position our company well and help us to continue to provide you with exceptional customer service.
We want to thank you for your continued support and referral business you have sent our way. Without your support and referrals our business would not enjoy the level of success we have. We wish you and your families a Merry Christmas, Happy Holidays and a prosperous New Year!
http://www.realliving.com/Steve-Kuncho-Real-Estate-Agent
http://www.bhcrei.com/
Saturday, December 18, 2010
RIVERFRONT HOMES MARKET UPDATE
RIVERFRONT HOMES MARKET UPDATE
Bullhead City Arizona 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. As families grow, the kids grow up, and the economic pressures build, many riverfront owners are faced with selling their beloved homes on the Colorado River in Bullhead City Arizona.
As we continue to live in our countries recession and depressed housing market, what does a seller do when they are faced with the decision to sell in this type of market? Deciding to sell your luxury home under any condition 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 in Bullhead City Arizona, we can plainly see that prices have not been this low since 2001. If we decide to remove the one distressed sale at 2575 Camino Del Rio as the home is located on the poorest lot in the subdivision and had condition problems, our average cost per sq ft comes up slightly to $171.00. Although the prices are down additional salt in the wound is that 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 2001.
Additional factors must be taken into consideration when reviewing your options when the offer comes in. Take a look at the price ceiling that we are experiencing. The highest price sale just closed last week for $675,000. The seller’s contract had been slightly higher than what the appraisal came in at. After years of being on the market, the seller decided it was best to cut their losses reduce the price to match the appraisal and move on with their proceeds. It hasn’t been since 2002 that we have had a year where the highest sale did not go over $700,000. Encouraging news is there are currently two riverfront homes pending sale. One of the sales is at 9853 Dike Road, Mohave Valley Arizona. The sale is a short sale and there are 2 offers in. You may know the house, which was built by Shumway Construction, over 6600 sq ft on 1.20 acres with approx 100 feet of sandy beach and private boat launch. The home sold July 2007 for 2.7 million and offers before the bank are half of that. Time will tell how much of a loss the bank will accept to allow this short sale to proceed.
With 7 sales for 2010 and only 2 under contract with this year half over, we can project that 2010 will have the fewest riverfront sales in 10 years. Making the tough decision to sell in today’s market is not easy. By providing you with up to date information and our years of experience, you can be assured that the decisions you make today are based on facts and not opinions. Country Ranch Real Estate continues to stay in step with servicing the Buyers and Sellers on the Colorado River. Over the past 15 years we have been involved with over 55% of all riverfront transactions. Although 2010 may prove to be toughest, Country Ranch Real Estate remains an ally for sellers as we have been involved in over 50% of the sales during this year too.
As year winds down to an end here is the final tally for riverfront home sales in the Bullhead City area. We had a total of 12 completed sales and 3 still pending in escrow; 2 of which should have no problem closing by years end. There are still 34 homes still actively available with a wide range of prices from just under half a million up to the 2.5 million dollar mark. We have seen a few riverfront foreclosures sold this year with just one currently available.
For an up to date list of currently active riverfront properties contact me today!
Stevekuncho@bhcrei.com
Cell 928-234-9560
www.bhcrei.com
Bullhead City Arizona 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. As families grow, the kids grow up, and the economic pressures build, many riverfront owners are faced with selling their beloved homes on the Colorado River in Bullhead City Arizona.
As we continue to live in our countries recession and depressed housing market, what does a seller do when they are faced with the decision to sell in this type of market? Deciding to sell your luxury home under any condition 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 in Bullhead City Arizona, we can plainly see that prices have not been this low since 2001. If we decide to remove the one distressed sale at 2575 Camino Del Rio as the home is located on the poorest lot in the subdivision and had condition problems, our average cost per sq ft comes up slightly to $171.00. Although the prices are down additional salt in the wound is that 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 2001.
Additional factors must be taken into consideration when reviewing your options when the offer comes in. Take a look at the price ceiling that we are experiencing. The highest price sale just closed last week for $675,000. The seller’s contract had been slightly higher than what the appraisal came in at. After years of being on the market, the seller decided it was best to cut their losses reduce the price to match the appraisal and move on with their proceeds. It hasn’t been since 2002 that we have had a year where the highest sale did not go over $700,000. Encouraging news is there are currently two riverfront homes pending sale. One of the sales is at 9853 Dike Road, Mohave Valley Arizona. The sale is a short sale and there are 2 offers in. You may know the house, which was built by Shumway Construction, over 6600 sq ft on 1.20 acres with approx 100 feet of sandy beach and private boat launch. The home sold July 2007 for 2.7 million and offers before the bank are half of that. Time will tell how much of a loss the bank will accept to allow this short sale to proceed.
With 7 sales for 2010 and only 2 under contract with this year half over, we can project that 2010 will have the fewest riverfront sales in 10 years. Making the tough decision to sell in today’s market is not easy. By providing you with up to date information and our years of experience, you can be assured that the decisions you make today are based on facts and not opinions. Country Ranch Real Estate continues to stay in step with servicing the Buyers and Sellers on the Colorado River. Over the past 15 years we have been involved with over 55% of all riverfront transactions. Although 2010 may prove to be toughest, Country Ranch Real Estate remains an ally for sellers as we have been involved in over 50% of the sales during this year too.
As year winds down to an end here is the final tally for riverfront home sales in the Bullhead City area. We had a total of 12 completed sales and 3 still pending in escrow; 2 of which should have no problem closing by years end. There are still 34 homes still actively available with a wide range of prices from just under half a million up to the 2.5 million dollar mark. We have seen a few riverfront foreclosures sold this year with just one currently available.
For an up to date list of currently active riverfront properties contact me today!
Stevekuncho@bhcrei.com
Cell 928-234-9560
www.bhcrei.com
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