My Blog

As 2011 approaches, real estate continues to change and Country Ranch is changing too! Michael and I are pleased to announce that our parent company, Brookfield Residential Property Services, has acquired Real Living Network Services, and as a result will now rebrand GMAC Real Estate as Real Living.

Real Living (www.realliving.com) is a national, award winning company known for its innovation and customer service. It is a fresh, consumer-focused, real estate brand with an energetic, friendly appeal, and a strong online presence. As our two companies come together, we will take the best from what we have in our existing business and combine it with the best that Real Living has to offer; allowing us to continue to deliver services that meet and exceed your expectations.

The rebranding of our company will take a little time, so you will not see any changes immediately. However, I am very excited about this news and wanted to share it with you. I’ll be sure to keep you updated as we transition to the new brand. Keep an eye out for our new signs set to hit the streets of the tri state area in January 2011.

As our valued client, we also want to assure you that we plan on making this transition seamless for you, and that you will not experience any disruptions as a result of the rebranding.

We truly believe this is a positive change that will position our company well and help us to continue to provide you with exceptional customer service. And now, on to the local update.

The local real estate market in Bullhead City, Fort Mohave and Mohave Valley Arizona continues to bump along toward recovery. Looking back to the third quarter 2007 we definitely have a brighter picture as third quarter 2010 home sales are up 87%, pending sales up 106% and the inventory of homes for sale is down 49%. Although the past 12 months of single family homes sales have slowed slightly for 2010, the median sales price appears to be leveling out. The under $150,000 price range remains the sweet spot as 78% of the single family home sales are in that range. Average sales price increased to $120,531 up from $110,010 in October. Days on the market increased to 141 which is not too surprising as short sales claimed 10% of the market during November. This is good news for sellers trying to avoid foreclosure.

Michael and I want to thank you for your continued support and referral business you have sent our way. Without your support and referrals our business would not enjoy the level of success we have. We wish you and your families a Merry Christmas, Happy Holidays and a prosperous New Year!

Tags: Bullhead City housing market, Bullhead City real estate, BullHead City Real Estate Market, Bullhead Homes for Sale, Bullhead Short Sales, Fort Mohave home sales, Fort Mohave Housing Market, Mohave Valley Arizona Housing Market

Posted on Sunday, December 5th, 2010 at 5:23 pm and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.