Archive for July, 2009
Real Estate – it’s not going away!
Sunday, July 19th, 2009The oldest use of the term “Real Estate” that has been preserved in historical records was in 1666. In other words, real estate has been around for a very long time. However, it is not going away! It will be around until the end of time. What a comfort that is. With the slump that is happening, it is a reassurance to know that even if the economy gets bad, real estate is here to stay.
Real Estate is a legal term, according to Wikipedia, that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. The word “fixed” is the keyword here, meaning unmovable. Real Estate is here to stay!
Wikipedia also states that it has been argued that the word Real is derived from “royal”. For hundreds of years the Royal family and/or King owned the land, and the peasants paid rent or property taxes to be on the Royal’s land. Today, just like hundreds of years in the past, we pay property taxes, or rent to be on the government’s land or the Royal Estate. Isn’t it great to know that even though we do have to pay property taxes our homes are owned by us and not a king or government or royal family!
This article has been a little bit about the history of Real Estate, but thankfully there is a great future for real estate. Make your own future and invest in “Real” estate.
If you are looking for a home or selling real estate in the Bullhead City, Fort Mohave, Mohave Valley Arizona areas then we can help!
Real Estate Udate July 09 Bullhead City Arizona
Monday, July 6th, 2009Wow! We have finished the first half of 2009. All numbers indicate that we finished the first half of the year strong in the Bullhead City, Fort Mohave and Mohave Valley, Arizona markets.
Gazing back over the first half of 2009, our market sales are up from 301 single family homes sales in 2008 to 467 single family home sales 2009. Wow, that is a 153% increase in sales over the first half of 2008. Unfortunately the median sales price for the first half of 2008 was $202,500 compared with first half of 2009 coming in at $135,500. We’re also seeing an indication that active inventory has been decreasing. As of January, 2009, we started at 844 active homes and as of today’s date there are currently 591 single family homes on the market in the Bullhead City, Fort Mohave and Mohave Valley, Arizona areas.