Wednesday, April 20, 2011

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
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Thursday, April 7, 2011

March 2011 Market Update

March 2011 (106) saw a spectacular month for single family home sales. The Bullhead City real estate market had not seen this many sales since March 2010 (111). Although this March was down slightly from the same month last year, less than 1%, keep in mind the first time tax buyer credit was in full force last year. Another positive is that the average days a home was on the market dropped to 119 days. Our days on market have not been so few since January 2010 (109 days on market). It is clear that our local market continues to forge ahead as we move out of theses recession times.



Median sales price dropped during March ($100,500) from February ($115,400) as the number of home sales that were foreclosure properties claimed 54% of the market. Short sales accounted for 9% which left 37% of the market going to the “real person” selling their home. The median low sales price can also be attributed to the fact that 75% of the homes that sold during March 2011 in Bullhead City, Fort Mohave and Mohave Valley were under the $150,000 price point.

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Sunday, March 13, 2011

February 2011 market Update

February 2011


The Bullhead City, Fort Mohave and Mohave Valley local real estate market saw interesting movement during February. Although the number of closed escrows dropped from 78 in January to 62 for February, our market experienced an increase in homes going under contract. The number of single family homes going under contract during February rose 63% from the previous month. Not only was this a huge increase over January, this is more homes under contract than any other month during 2010.



Average ($127,354) and median ($115,400) sales prices were down from January. This is directly related to the fact that we saw a rise in the number of home sales that were under $150,000. 74% of the homes that sold during February were under $150,000. Interestingly enough the number of home sales that were foreclosure properties dropped to a low of 46% of the sales. I have been tracking the number of foreclosure sales since January 2009 and this is the lowest percentage of foreclosure sales we have seen during any given month.



This is encouraging news, but we expect to see foreclosure sales playing a large part in our 2011 local real estate market. Realty Trac reported today, a 36 month low in foreclosure notice filings which is down 27% from last year. Since Arizona is the number 2 state for foreclosures, this is really great news. It is too soon and there is not enough data to predict if foreclosure sales will continue to drop throughout this year but we remain hopeful.

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