Bullhead City Real Estate Investments: June 2012

Thursday, June 21, 2012

Top 5 reasons not to pull the trigger on a home in this real estate market...

1. Your fear of committment... atleast that's what your 27 ex-fiancees would say.

2. You're concerned about your financial future,,,ofcourse you are; otherwise you would be living under a bridge in Old Bullhead.

3. You're delusional, you beleive there will be a big leg down in the market and in 11 months you can buy that ...2,500 sq ft pool home with the change in your couch cushions.

4. Something better will come along, it always does.. with that line of thinking... why did you marry your wife? Penelope Cruz is still available..

5. You would prefer to work with Mary Jane housewife/realtor; who spends her days sitting on her butt; smoking newports, eating bon-bons and watching Lifetime Movie Network.. She'll never ask you to make a decision.

;) It's Almost Friday... Enjoy your weekend!!!!

www.bhcrei.com

Tuesday, June 19, 2012

May 2012 Market Watch Update

www.bhcrei.com

May numbers came in as I predicted in our April newsletter. Single family home sales dropped slightly from 94 in April to 80 in May. Just an opinion but I believe this is due to the shortage of inventory to choose from. Just this week two sets of our buyer clients were thrust into multiple offer situations. One couple purchasing a riverfront foreclosure home and the other a short sale home in Desert Lakes Estates. Both couples offered above asking price and neither couples offers were high enough to beat out the other buyers.

With the inventory continuing to remain lower than in previous years, the May average sales price ($138,716) and median sales price ($124,950) exceeded April’s average sales price ($129,774) and median sales price ($122,500).

I spent some time recently, reviewing the Zillow.com/research site and discovered the following which I want to share with you. Nineteen of the thirty metro areas covered by the Zillow Home Value Forecast are predicted to reach a bottom in 2012, or have already reached a bottom. Several of those are expected to see significant home value increases in the next 12 months, including the Phoenix (6.5 percent), Miami-Ft. Lauderdale (5.6 percent) and Tampa (2.5 percent), according to the forecast.

Although our local market is too small to be mentioned it is continued good news to hear that our state capital, Phoenix, is leading the way in housing recovery.

http://www.realliving.com/Steve-Kuncho-Real-Estate-Agent

Friday, June 15, 2012

2590 North Ridge Ave Asking $159,900

Immaculate home in Sunridge Estates; minutes from Lake Mohave and Laughlin NV. Split floor plan with open concept kitchen/living room. Room for RV/Boat parking or build the monster garage. Covered patio and serene garden area for the morning cup of coffee. Call today to schedule your private showing.

http://www.realliving.com/Steve-Kuncho-Real-Estate-Agent/homes-for-sale/AZ/Bullhead-City/86429/2590-North-Ridge-Ave-75449925/popup

Bullhead City Real Estate Investments