Category Archives: Real Estate

Victorian Flair on a Budget

Victorian homes in the United States have been wildly popular since the late 1800s, precisely because they are built to last.

The rise of mass production of modular building parts, delivered by rail, enabled Americans around the turn of the century to create their own unique home designs, riffing on the Victorian blueprint.

As a result, several types of Victorians dot the landscape—Gothic Revival, Italianate, Queen Anne, among other styles—but all boast ornate designs, detailed woodwork, and a flair for the dramatic in one combination or another.

Source: Beauty on a Budget! 10 Victorians Priced Under $150K | realtor.com®

7190 E Red Barrel – 40 acres – Bring the horses!

Truly wonderful home in private spectacular location next to literally miles of Government lands. Exceptional open floor plan and lovely fireplace. High ceilings add to the spacious feeling. Large garage ready for your toys. Just $265,000!

Private, secluded, and with steel security shutters for your peace of mind. Beautiful views in every direction. Up close McCracken mountain views, Mohave mountains, Hualapai mountain, panoramic valley vistas.

Access via County maintained Alamo Rd. & Association maintained roads.

Nice high desert elevation. Lush with Juniper, Joshua Trees, Ocotillo, Barrel cactus, zillions of wildflowers.

So many items staying: washer, dryer, refrigerator, stove plus furnishings and everything you need to make this a turn key getaway, or desert paradise. It’s turn key for your desert getaway! Many other useful items also available/negotiable.

Good well, brand new pressure pump, 40 gallon pressure tank, 2,500 gallon storage tank inside a nice 16×12 pump house/shed. Propane tank can be transferred. Excellent solar system, all ready with plenty of capacity.

Everything looks fresh, shows well. Evaporative coolers stay. Priced for quick sale, the property has been lightly used, but well maintained – don’t miss this one!

Check out the nearby Peace Trail for a true back road Arizona adventure. Explore Kingman, Lake Havasu, Laughlin or just head off into miles of Federal and State Lands. See Alamo Lake for great bass fishing, just down the road on the quiet side of the Lake. Come and join the wonderful community of Yucca, Arizona where the Grand Mohave desert meets blue Sonoran sky. You know you want it…

Click to see more pictures

Continue reading 7190 E Red Barrel – 40 acres – Bring the horses!

Titan Missile Silo For Sale Near Tucson

BOLD opportunity to own a decommissioned underground Titan II missile complex. This property was once one of the most top secret of government assets and is now ready to fulfill a new mission. That mission is for you to define amongst the limitless scenarios. Secure storage facility? Underground bunker? Remarkable residence – literally living down under?

The property is situated on a 12 + acre parcel with boundless views. Private yet not too remote. Quick easy access to Tucson and just 20 minutes for supplies. 3-D interactive tour coming soon.

Shown only to qualified buyers with proof of funds or private financing. (Do not trespass or attempt to visit site without permission). For the curious but not the serious, check out the Titan Missile Museum in Sahuarita.

Source: Catalina, AZ Real Estate – Catalina Homes for Sale – realtor.com® 

(Click link for more photos)

(Update 11/19/19 – property is in Pending status)

Real Estate Update October 2019

The weather has cooled from summer heat to a pleasant time of year, and even some nights are chilly.

Meanwhile, the phones are ringing again after the briefest of lulls this year. There are still quite a few good values at Stagecoach Trails, and around Yucca, but they are selling.

We typically see a slowdown in August and September particularly in the more modest price ranges, as the kids are back in school, and the snowbirds are yet to arrive. With all of the cold up north, it won’t be long…

 

Mortgage Rates Drop Once Again

Mortgage rates fell yet again on a weekly basis thanks to the declining yield on Treasury notes. The 30-year fixed-rate mortgage averaged 3.57% during the week ending Oct. 10, down 8 basis points from the previous week, Freddie Mac reported Thursday.

This is a stark change from a year ago when the 30-year fixed-rate mortgage averaged 4.90% The 15-year fixed-rate mortgage dipped 9 basis points to an average of 3.05%, according to Freddie Mac. The 5/1 adjustable-rate mortgage averaged 3.35%, down 3 basis points from a week ago.

Source: Mortgage Rates Drop Once Again—Sparking More Interest in Loan Refinancing | realtor.com®

New-Home Sales Up 7.1% in August, Near 12-Year High

The numbers: Sales of newly-constructed homes in the U.S. increased 7.1% on a monthly basis in August to a seasonally-adjusted annual rate of 713,000, the government reported Wednesday.

That’s up from a revised rate of 666,000 in July, and is just shy of the 12-year high set in June. Compared with August 2018, new-home sales were up 18%.

Because of the small sample size used to produce the new-home sales figures, the report is fairly volatile and prone to large revisions. For instance, the pace of new-home sales in June was later revised to 729,000 after an initial reading of 646,000.

Source: New-Home Sales Rebounded 7.1% in August, Flirting Again With a 12-Year High | realtor.com®

Home-Building Activity Soars 12% in August

The numbers: Construction on new houses jumped 12% in August to the fastest pace in years as the multi-family market stabilized and mortgage rates dropped, despite an otherwise volatile month.

Housing starts increased to an annual rate of 1.36 million in August, up from a revised 1.22 million in July, according to the monthly report from the Commerce Department. This was the fastest pace for housing starts since 2007. Economists polled by MarketWatch had anticipated a 1.26 million rate for starts.

Permits to build additional homes, meanwhile, rose 8% to a seasonally-adjusted annual pace of 1.42 million from July’s 1.32 million. For permits, economists polled by MarketWatch expected a rate of 1.30 million.

Source: Home-Building Activity Soars 12% to the Fastest Pace in More Than a Decade | realtor.com®

This has been the busiest year here since 2009. Here’s hoping it will continue!

Real Estate Update September 2019

It’s been an unusually busy summer in Mohave County, with brisk activity in the cities, and even renewed activity in the land market such as Yucca and Golden Valley.

While we’re not selling raw land like hotcakes, we are at least seeing more interest. The sales unfortunately seem to belong mostly to the under-priced and those with either power, septic, or even a basic structure such as a shed.

The weather has cooled (it’s in the 60s today!) As the weather becomes cold up north, but pleasant here, we expect quite a bit more activity as we move into fall and into the first quarter of next year.

Pending home sales jumped nationally in August, perhaps as many buyers took advantage of today’s historically low interest rates.

Pending home sales August 2019 (Source Bloomberg)

I believe that all of the long term dynamics of Arizona and Mohave County will continue to drive more residents to this area. Those dynamics being: low taxes, lower housing costs, good quality of life, and rural yet near Las Vegas, Phoenix, and Southern California.

Continue reading Real Estate Update September 2019

The Real Downton Abbey on Airbnb

With the “Downton Abbey” movie premiering on Sept. 20, many of the show’s fans may be wondering: What would it be like to live like Lord and Lady Grantham in such a posh place?

Well, here’s your chance: Highclere Castle, the real-life Downton, located in Hampshire, England, will soon be up for booking on Airbnb! And best to set your alarm to beat the crowds.

Reservations open Oct. 1 at noon, British Standard Time. Only one night is available: Nov. 26. The cost of this unforgettable experience is shockingly cheap, at $159. Making the deal that much sweeter, Airbnb will donate a portion to the International Federation of Red Cross and Red Crescent Societies.

Source: Inside the Real Downton Abbey—Now Up on Airbnb | realtor.com®

Top Ten Hottest Houses this Week

Here’s the top ten most viewed listings (and they’re not all super expensive.)

The cover picture is from a $14.8 million dollar home on Dale Hollow Lake on the Kentucky/Tennessee border. As a child, we’d sometimes spend a few days on a houseboat at Dale Hollow. Lovely spot…

It isn’t owned by an A-lister, but that fact didn’t put a damper on the public’s interest in a massive, 61-acre estate in Byrdstown, TN. The $14.8 million lakefront spread racked up the most clicks this week and wound up as the week’s most popular home on realtor.com®.

The gated mansion sits just two hours outside Nashville, high on a bluff overlooking Dale Hollow Lake. The huge, 31,600 square-foot home casts an imposing shadow on the rugged and pristine terrain below. It was completed in 2017 and is currently owned by an entrepreneur, according to listing agent Charlie Neese.

“The current owner believes it to be the second-largest house in the state at the moment,” says Neese. The agent then dashed our hopes for a country music connection. “The owner is an entrepreneur, not a celebrity from Nashville. It’s such a unique property, that’s the reason it’s attracting so much attention.”

Source: Massive $14.8M Tennessee Mansion Is the Week’s Most Popular Home | realtor.com® (Click to see all ten homes)