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Petra Fahey
Agent/Owner
    Years of Experience: 13

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    CDPE
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Direct: 928-758-8811

Office: 928-758-8811



Company Info

Real Living Country Ranch
1858 Highway 95
Bullhead City, AZ
928-758-8811


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Archive for September 2011

5 Real Estate Trends

Thursday, September 22nd, 2011

Five Real Estate Trends to Watch For

I read the article that ran in the Rismedia.com site.  In Greg Rand’s five trends to watch the “Short-Term Pain” intrigued me.  Considering the young age of the Tri-State community, I decided to do a quick case study on the community of Arroyo Vista Estates which has been a popular community prior 2002 through the present.

Arroyo Vista Est. # Homes Sold Avg  Sq Ft Avg  Sales Price Med Sq Ft Med Sales Price
2011 Year to Date 23 1914 177,623 1889 160,000
2002 35 1936 179,909 1870 166,000

So what does it mean when a market has over corrected itself?  When a market has over corrected itself, real estate housing is definitely on sale on the clearance rack.  With the conventional mortgage rate at 6.56% (30 year) and 6.02% (15 year) during 2002, versus 3.75% (30 year) and 3.125% (15 year) 2011, today’s buyers have more buying power than they have had in over 40 years.

Looking to invest or purchase in the area?  Clicking here will show you all the homes for sale in

Arroyo Vista Estate that are for sale.

Give us a call or drop us an email and we will be glad to help with all your real estate needs.

Michael and Petra Fahey
Real Living Country Ranch
928-758-8811
Petra@TeamFahey.com

Bullhead City Market Watch August 2011

Wednesday, September 7th, 2011

Dear Friends,

Cool weather is arriving as fall approaches!

Our country experienced more than its share of stomach churning emotional and financial challenges during the month of August 2011. Hurricane Irene pelted the East coast and the stock market experienced deep sell offs. US downgrade shook consumer confidence and job creation is at a near standstill. Are you ready for some good news?

The Bullhead City, Fort Mohave and Mohave Valley communities along the banks of the Colorado River are a welcoming retreat. Last month Bullhead City enjoyed the largest attendance for the River Regatta in its short history. Over 29,000 people walked to the banks, pushed out in their home made or locally purchased rafts to enjoy old fashioned fun as they treated themselves to a slow float down the river! Water fights, laughs a good time was had by all!

Considering the volatile market conditions affecting our country, Bullhead City, Fort Mohave and Mohave Valley real estate market continues to move at its own small town pace toward recovery. Year over year, homes for sale on the market have dropped from 525 to an unbelievable low of 328. Fewer foreclosure sales may account for this decrease. August 2010 experienced foreclosure sales accounting for 65% verses 56% of the market during August 2011. More good news, average days a home was on the market before selling dropped from 136 to 98. Average sales price gently moved in the right direction from $108,000 during August 2010 increasing to $110,000 during August 2011. While all indications appear good, it is too soon to call as researchers continue to report that there is a large shadow inventory looming.

Real Living Country Ranch Agents, continue to provide their customers and clients the premier service and results they are looking for. Although small in number, the collective efforts of the 19 dedicated Real Living Country Ranch Agents allows our company to hold a strong number 2 position in the local real estate market. We continue to successfully help sellers sell their homes when foreclosures are the competition! We understand the challenges and are constantly looking for ways to outperform in this real estate recovery and get you the results you desire.

Next time you visit the app store, search for Real Living Country Ranch and download our free app! The app is also available for your iphone or Android. Searching for real estate in our area has never been easier!

Thank you for you support and referrals! With your support and referrals, we will continue to help your friends and family achieve their real estate dreams.

Real Living Country Ranch Android App
Real Living Country Ranch Iphone App

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Market Recap

  • Avg. Sales Price: 12500

  • Avg. Days on Market: 138

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