With spring in the air, the Bullhead City, Fort Mohave and Mohave Valley real estate market is coming into bloom. Sales activity continues to flourish in spite of dwindling housing choices. Active homes on the market are down 30% over last year’s average. March sales numbers were strong with 93 single family homes closing escrow. Average and median sales prices saw a boost during March over February and January sales prices as well.
Buyers are becoming increasingly frustrated with only 276 homes to choose from, another 187 that are under contact and 93 closing escrow during March. Add the pending homes and the closed homes bring us to 50% of the homes on the market are experiencing some sort of sales activity. Regular home owners with their homes on the market gain traction as they are optimistic that the gap between their asking price and sales price gap will narrow in the coming months
Foreclosure shadow inventory continues to be elusive as to whether it will emerge in our Bullhead City, Fort Mohave and Mohave Valley markets. Foreclosure home sales claimed 42% of the market which was down over from 2011 average of 51%. As discussed in last months newsletter we await the increase in average and median sales prices to emerge during 2012.
Many of you have emailed requesting an update on the ENN Solar Project in Laughlin. News regarding the project has been little to none. I am not too surprised as ENN under strict guidelines and time line to satisfy their end of the contract. The Laughlin Times did have a small repetitive article yesterday.
http://www.laughlintimes.com/articles/2012/04/11/news/local/news998.txt
www.bhcrei.com
http://www.realliving.com/Steve-Kuncho-Real-Estate-Agent
Showing posts with label fort mohave foreclosure. Show all posts
Showing posts with label fort mohave foreclosure. Show all posts
Thursday, April 12, 2012
Thursday, May 20, 2010
Short Sale Foreclosure Resource Certification
Short Sale Foreclosure Resource Certification Serving the Bullhead City Fort Mohave Real Estate Market
March 2010 Steve Kuncho earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities. “As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.” The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state specific information as the real estate market for these distressed properties evolves.
Feel free to call, text or email me with any questions regarding Bullhead City Fort Mohave Real Estate. Steve Kuncho @ 928-234-9560
March 2010 Steve Kuncho earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities. “As leading advocates for homeownership, REALTORS® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR® who has earned the SFR certification for these kinds of purchases.” The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS® stay current on national and state specific information as the real estate market for these distressed properties evolves.
Feel free to call, text or email me with any questions regarding Bullhead City Fort Mohave Real Estate. Steve Kuncho @ 928-234-9560
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