Selling Your Bullhead City Fort Mohave Az Home Market Update

Selling Your Bullhead City Fort Mohave Az Home Market Update
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 in the Bullhead City Fort Mohave area 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 Fort Mohave Arizona ready to purchase homes in the higher price ranges.
February 2010 has started strong. Our phones are ringing at Country Ranch Real Estate 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.
Feel free to call, text or email me with any questions regarding Bullhead City Fort Mohave Real Estate.

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

Bullhead City, Fort Mohave, Lake Havasu City Az REDC Auction April Home Sales

Bullhead City, Fort Mohave, Lake Havasu City Az REDC Auction April Home Sales
Monday evening April 12th REDC held another real estate auction at the River Valley High School. The REDC auction went smoothly as usual with eight Lake Havasu properties; and six Bullhead City Fort Mohave area properties up for auction. One major thing to remember with any of the homes or any other real estate sold at auction is that the buyer is expected to do their due diligence prior to the auction itself. There is NO inspection period after the auction; all properties are sold in ’As Is” condition. They do offer clear title to the properties as well as offer financing on some of the homes available at the auction. There is also a 5% buyers premium added to the winning bid for all real estate sold at REDC auctions.
Here are some highlights of the homes sold at the recent auction;
8707 Sycamore a 4 bedroom 2397 sq. ft. home in Mohave Valley sold for $117,500 at the auction, it had been listed for $164,900 on the local MLS.
A four plex at 2807 Colibri in Bullhead City listed for $156,900 on the local MLS sold for $137,500 at the Auction.
2988 Camino Del Rio a 3/2 1664 Sq. Ft. town home in Bullhead City listed for $135,000 on the local MLS sold for $120,000 at the auction.
An older 3 bedroom 3097 Sq. Ft. home in Lake Havasu City , which needed some work, listed for $205.900 on the local MLS sold at the auction for only $110,000.
A 3 bedroom home with a pool @ 1540 Sq. Ft. living area in Lake Havasu City listed for $119,900 in the local MLS sold at the auction for only $60,000.
If you would like assistance on upcoming auction properties or area foreclsoures feel free to give me a call or send me an email. Steve Kuncho 928-234-9560 stevekuncho@bhcrei.com