Riverfront Home Sales Market Update

Bullhead City Lake Havasu City Real Estate

Riverfront home sales were strong for 2011; both in number and the cost per square foot rose 11% over 2010. Nearly twice as many riverfront homes sold during 2011 compared to 2010. With 21 single family home sales during 2011, and the average cost per sq foot at $170.00, it is clear that those who have dreamed of owning riverfront property in Bullhead City or Mohave Valley are taking the plunge. Of the 21 sales, 4 were foreclosures, 4 were short sales while the remaining 13 were regular sales. Of the 13 regular sales Real Living Country Ranch’s agents represented either the buyer, seller or both in 10 of 13 sales. Keeping in step with tradition, Real Living Country Ranch continues to successfully negotiate through troubled waters of appraisals and bank conditions to get these properties sold.

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

Closer to 'Reality' in Arizona

Bullhead City Lake Havasu City Real Estate

Closer to 'Reality' in Arizona

But while the widespread legal delays may mask the underlying problems facing the housing market, Blomquist said that foreclosures would have fallen in 2011 regardless -- just not so dramatically.

For a sense of what the road to recovery really looks like, Blomquist offered Arizona, another state suffering from high foreclosure rates, albeit under different circumstances than Florida.

Foreclosures are down there, too, but as a non-judicial state, Arizona has been far more expedient in getting distressed properties on the market and out of the courts. The average foreclosure process in Arizona takes 173 days, far below the national average of 348.

Not surprisingly, Florida is "ground zero for dysfunctional foreclosure processes," Blomquist said. While there has been almost a 63 percent decrease in foreclosure activity over the last year in the hard-hit state, he said that the time it takes to complete the process has gone up 48 percent in the same time period. From start to finish, he said, foreclosures take an average of 806 days in the Sunshine State -- the national average is 348.

December marked a 49-month low for monthly foreclosure activity nationwide. The state with the longest foreclosure processing time by far is New York, with an average of 1,019 days to completion in the fourth quarter. New Jersey and Florida rounded out the top three with 964 days and 806 days, respectively.

Market Update

Bullhead City, Fort Mohave and Mohave Valley, Arizona real estate markets closed 101 single family homes for the month of June.  Median sales price slid back to $115000.  Since 73% of the homes sold in the month of June were under $150,000 this is not too surprising.  The market enjoyed two riverfront home closings in June, which Real Living Country Ranch agents brought the buyers, and an additional 7 homes selling for over $200,000. 

The month’s supply of single family housing inventory continues to drop.  During June 2010, the Bullhead City, Fort Mohave and Mohave Valley Arizona experienced 5.0 months of inventory, while this year our local market is at 3.2 months of inventory, the lowest in years.  The number of days on the market   dropped from 144 in May to 84 during June.  I believe this is due to the small number of short sale closing that occurred during the month.  Unlike the last two months where short sales claimed 10% of the sales, May short sale numbers dropped to 4% of the market.  (Short sales take longer to close than the standard sale) 

With the inventory dropping and the sales remaining strong it is clear for many, Bullhead City, Fort Mohave and Mohave Valley is the place to buy real estate.

The 4^th of July holiday weekend has started the month out strong.  Our phones are ringing at Real Living Country Ranch.  Multiple offers continue to reign supreme for properties that are priced right. 

Visit  www.bhcrei.com

Luxuryportfolio.com LuxeTrends Newsletter

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LuxeTrends® © 2011 Luxury Portfolio International^{TM V.3}

I N T E R N A T I O N A L
indulgence is no longer a four-letter word
We are feeling better about the luxury market. And it shows. It’s a cautious optimism, yet increasingly confident nonetheless. Challenging times take their toll; but renewed enthusiasm reminds us that "indulgence" is no longer a four-letter word. Gold, champagne, chocolate, beauty care, and beloved luxury brands are some of our favorite ways to pamper and we know you are ready for a little bit of decadence these luxuries provide, too.

CHAMPAGNE
Still obsessed with the Royal Wedding? You can re-create it on a smaller scale with this insider tip. At Prince William and Kate Middleton’s affair, distinguished regal and celebrity guests sipped the elegant Pol Roger Champagne to toast the royal couple. Long associated with the British ruling class, Queen Elizabeth herself selected Cuvée Brut Réserve Pol Roger to serve the revelers. We have no doubt this will be the perfect hostess gift for months to come. PolRoger.com

For an even bigger indulgence, consider Luxor Gold Champagne. Produced in limited quantities each year, Luxor Gold blends real gold flakes into the bubbly to treat the eyes in addition to the palate. Because, of course, who wouldn’t want to see little bits of gold sparkling in their champagne? LuxorBrut.com


CHOCOLATE
Another one of life’s great indulgences is the delectable sweetness of chocolate. With flair similar to the flakes of Luxor Gold, the treats from MarieBelle goumet chocolates are like wrapped works of art collected in a signature blue and brown box. Couture confections include saffron, cardamom and even Earl Grey tea - an appealing treat and new spin on a traditional boxed chocolate gift. MarieBelle.com

Providing the ultimate sweet indulgence, the La Madeline au Truffe is a far from ordinary delicacy. At $250 per each two ounce ganache, the truffle from Knipschildt Chocolatier is recognized as the most expensive chocolate in the world. A true taste of luxury, it begins with a rare French Perigord truffle wrapped with a sweet mixture, then rolled in fine cocoa powder. Knipschildt.net


BEAUTY
The many shades, styles and gimmicks of beauty products can be overwhelming, but knowing what to invest in can add to the invigoration they provide. Created from and infused with 24K gold, Oro Gold Cosmetics add cachet to your daily routine. Literally cover yourself in gold with day moisturizers, renewal creams and more rejuvenating products said to activate regeneration and slow the effects of aging. OroGoldCosmetics.com

Like gold, Jade is also most commonly associated with fine pieces of jewelry. But now the symbol of nobility is used to treat your skin like royalty. Made with real Jade and natural ingredients, the Nephria Jade Beauty Bar is a luxurious way to revitalize. Remove toxins and reduce irritation with healing properties of Jade and revel in the ultimate bathing experience. Nephria.com


LUXEBRANDEXTENSIONS
Enjoying products from a preferred luxury brand adds an extra layer of comfort to our favorite indulgences. Even more exciting is when a trusted brand extends itself into uncommon territory. Clive Christian, the well-known kitchen designer to the stars, offers high end cabinets and tailored furniture pieces filling the finest luxury spaces. Recently, the designer stepped outside of that realm with exclusive perfumes that go for as much as $25,000 a bottle. Less expensive, yet still extravagant, scents for men and women are available at stores including Neiman Marcus and Saks 5th Avenue. Clive.com

Before treating guests to the fine Pol Roger champagne, Kate Middleton was squired to Westminster Abbey in a 1977 Rolls Royce Phantom IV. A legend with car aficionados and an enduring symbol of ultimate luxury, the level of classic styling fit for a fairytale has been transported to an unexpected place.

Designer of the Phantom, Marek Djordjevic, devised the TwinLuxe Chrome Edition Shave Set for a superior shave. Like the classic auto, the set isn’t overtly flashy, but is cleanly refined with a brush and razor in polished chrome, alumina ceramic or PVD coating. Perfect for Phantom drivers and admirers alike. TwinLuxe.com


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LuxeTrends® © 2011 Luxury Portfolio International^TM

I N T E R N A T I O N A L

In search of that Ultimate Luxury Home? We can help.
Call or email me today!
Steve Kuncho REALTOR, SFR
928-234-9560
stevekuncho@bhcrei.com
www.bhcrei.com
www.lhcrei.com

May 2011 Market Watch Report

May 2011 Market Watch Report

Prices heat up with the temperature.

Our Bullhead City, Fort Mohave and Mohave Valley real estate market continues to move in the right direction for recovery. May ended strong with the average and median sales price of single family homes topping the charts for the year at $133,109/$122,000. In last month’s newsletter I touched on the fact that demand for housing had been strong, why had we not seen an increase in sales price? Thankfully for the second consecutive month our local real estate market has seen an increase in sales price. With the temperature just starting to hit the 100 degree mark, our prices are heating up too!

In addition to the average sales price increase during May 2011, we saw an increase in sales for homes priced over $150,000. Foreclosure sales continue to bump along and claim the lion’s share of the market although May did see a decrease from 60% of the market in April down to 55%. Short sales Number of homes sold tied with April at a total of 85.

Active

Pending

Sold

Average

Median

Days on

% Foreclosed

% Short Sale

% Resale

under 150K

398

160

78

$144,350

$113,950

135

56%

12%

32%

70%

451

253

62

$127,354

$115,400

133

46%

11%

43%

74%

387

169

106

$119,436

$100,500

119

54%

9%

37%

75%

451

258

85

$124,687

$114,900

140

60%

10%

30%

78%

452

250

85

$133,109

$122,000

144

55%

10%

33%

65%

Our market continues to recover and we continue to remain proactive in our marketing efforts. We continue to market in the local Around the River Magazine, flyers, our eye catching new yard signs, direct mail, and website presence through extensive SEO (search engine optimization).

To discuss your real estate needs; call or email me today.
Steve Kuncho REALTOR, SFR
928-234-9560
stevekuncho@bhcrei.com
www.bhcrei.com
www.lhcrei.com

Home Selling Tips 1

Clean & De-clutter your home prior to and while your home is on the market for sale.

Improvements Checklist

1. Appliances should be cleaned - inside and out
2. Clean all curtains, drapes and blinds
3. Clean or purchase new front door accessories
4. Clean the entryway carefully; it creates the buyers first interior impression of your home
5. Clean the inside of all kitchen and bathroom cabinets and neatly organize items on shelves
6. Clean windowsills
7. Doors should be oiled and squeak-free
8. Dry clean your drapes
9. Empty trash cans, recycling bins and ash trays
10. Ensure all doors, cabinets and drawers can open completely without any blockage
11. Exterminate any insect problems
12. Get rid of odors (pet, food)
13. Have a garage sale before the home is listed
14. Hire a professional cleaning service, once every few weeks while the house is on the market
15. If needed, remove clutter by renting off-site storage space.
16. Keep baseboards clean and dusted.
17. Keep bookshelves, entertainment units organized neatly.
18. Keep clothing hung neatly, shoes organized
19. Keep screens clean and vacuumed
20. Keep shower curtains fresh and free from mildew
21. Keep stairways and corridors clear
22. Make bathrooms sparkle; sinks, toilets and tubs should be immaculate
23. Make stairwells and corridors clutter-free
24. Mop and sweep all floors
25. Organize closets
26. Polish all interior woodwork
27. Remove appliances from kitchen counters to give a look of spaciousness
28. Remove oil spots from garage

http://www.bhcrei.com/

‎4 Bedrooms, 3 Full/2 Half Bathrooms, 3350 Sq Ft., Price: $520,000, MLS#: 851954

http://www.realliving.com/Steve-Kuncho-Real-Estate-Agent/AZ/Lake-Havasu-City/86406/homes-for-sale/2440-Stroke-Drive-57542194/popup