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


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Posts Tagged ‘Bullhead Homes for Sale’

Bullhead City Housing Market Up

Thursday, December 17th, 2009

Homes under contract up over last year!

Homes under contract up over last year!

I decided to take a look at the amount of homes under contract in Bullhead City, Fort Mohave and Mohave Valley today.  I was pleasantly surprised to see that the trend line is definitely up.  Over the last 2 years we have seen an unbelievable 804% increase in homes under contract.  November 2007 reported 16 homes under contract for the month while November 2009 enjoyed 71 homes going under contract for the month.  Other good news, homes for sale are down 39% for the same time period.  There are currently 747 homes for sale in Bullhead City, Fort Mohave and Mohave Valley. 

 

 

What does this mean for local buyers and seller?  Well, it means there are fewer homes for sale to choose from.  Also there are many buyers who have moved off the fence.  Perhaps it is a combination of the tax credit extension and the drop in median sales price.  With so many great buys in the Bullhead City it is hard not to buy a home today.   

Our 3 cities along the Colorado River make up a young and growing community.  Why not put your roots down in Bullhead City, Fort Mohave or Mohave Valley.  Call us today!

 

Fannie Announces “First Look” Program for its REO Properties

Monday, December 14th, 2009

Fannie Mae’s “First Look” program applies to the more than 70,000 properties in its real estate owned (REO) inventory. During the first 15 days a property is listed for sale, only buyers who intend to occupy the home and public entities committed to the community may purchase a Fannie Mae REO property. Fannie will waive the earnest money/deposit requirement for public entities, and lower these requirement for individuals who have qualified to use public funds for the purchase. Buyers get 45 days to close—15 days longer than usual. Get details in this Fannie Mae press release. (via NAR Washington Report)

Buying a Luxury Home in Bullhead City, AZ

Friday, December 11th, 2009

If you are contemplating where to go when you retire a good spot to consider is Bullhead, Arizona. There are many luxury homes throughout the area that are not only easy to afford, but actually increasing in value. As more and more people begin to figure out that Bullhead is one of the nicer destinations these luxury homes will become more and more expensive.

Regardless of whether you are looking to retire or invest the luxury homes in and around Bullhead have many desirable features. The first is that most of these high end properties are fairly new. When investing in a home it is always better to go with a property that requires the least amount of work. Unless you are looking to flip the property, which can be dangerous, having a home that is younger in years means that it is less likely to become dated as time goes by. In addition to that, the important components of the home are much less likely to wear out. These new luxury homes are a safe bet to be in good shape for years to come.

Mix in that Bullhead has all of the perks of Arizona and you have an area that is really starting to become a very attractive retirement spot. People looking for warm winters with loads of sunshine come down to Arizona to bask in the sun. Arizona has many things to offer in other seasons as well, but by far the most popular time to come is in winter.

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Market Recap

  • Avg. Sales Price: 12500

  • Avg. Days on Market: 138

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