Merry Christmas and Happy New Year!
The Holiday season is upon us once again, a time to reflect and be thankful for all our family and friends. 2011 has been a year of ups and downs for our economy, our country and our brave soldiers in Afghanistan and Iraq.
So many of us forget our troops efforts and the reason we were over there fighting in the first place. If you ask my son he would say "all we want is the support of the American people and for them to remember we are over here to defend their freedom. Hopefully people will never forget the attacks levied against our home land and the innocent people that died on 9 - 11 and those brave hero's on flight 93. I didn't have to fight for my county but I choose too along with many others because we believe in America and everything our great country stands for!"
I've shared this not because I believe our troops don't receive support from those that truly understand their sacrifice but because of the inspiration it provides each of us going into the New Year. With continued efforts from all, innovation and sound decision making within our political bureaucracy our country will remain great and 2012 will be a better year for all!
So are we are starting to see light at the end of the tunnel. Our troops from Iraq have come home to be with their loved ones and my son will be returning from Afghanistan in late January if everything goes as planned. Though the economy still has along way to go and many families are still struggling we all can have faith and hope that 2012 will be better. The truth of the matter is there are still many more foreclosures and short sales that have to be sold before our real estate market makes a complete recovery. Sales have shown some signs of improvement over the last seven months but that is in retrospect to 2010 so thats not really saying much. We are on track in 2011 to have one of the very worst years in real estate sales ever. With unemployment at 8.6% and people still cautious about their personal finances and job security it stands to reason that we have a little ways to go.
Buy low, sell high.... well I guess if that is your philosophy this might be a great time to buy if you have the desire to do so. Most that have bought have been satisfied and believe in time the American dream will be alive and well, even if it takes a few years. Some home prices are now selling below their original cost to build them. I mean honestly could you build a home for $40, $50 or 60 dollars per square ft. Then there is that little thing called interest rates - well there at 40 year lows too! (3.91%) Lets put that into perspective.
A home in 1980 with 1234sq ft.which cost $67,900 at $55.00 per square foot Financed at 12% interest with nothing down would have had a P&I Payment of $679.00
A home in 2011 with 1800sq ft.which cost $87,900 at $48.83 per square foot Financed at 4.5% interest with nothing down would have had a P&I Payment of $440.82
Hum, seems to me that's a pretty good combination, but I'll let you be the judge of that.
As far as the Kingman Arizona market we are continuing to see signs of improvement as well. At one time we had upwards of 800 single family homes to sell but as of today there are 306 single family homes and 93 manufactured homes for sale in Kingman. If these trends continue 2012 should see continued improvement!
Pool Home - Currently on the Market - Offered at $244,900
Kingman is a wonderful community, surrounded by beautiful mountains. For those who do not desire to live in the city, but like the many things that the city has to offer, Kingman is the perfect location. We are about 3 1/2 hours to Phoenix, 1 hour and 15 minutes to Las Vegas, 2 hours to Prescott, 2 1/2 to Flagstaff. So whether you want shopping, gambling, entertainment, water/snow skiing and boating, they are all around you. We are also only 45 minutes to Laughlin, Nv., and 60 minutes to Lake Havasu City.
In Kingman there are lots of out door activities such as hiking, biking, four wheeling, several 5 and 10K's a year, t's a wonderful community and we welcome you to stop by anytime.