We want to assure you that at Country Ranch Realty there is nothing more important to us than the health, safety and emotional well-being of our clients, realtor partners and staff during this time of uncertainty due to COVID-19.  With that in mind, we are following guidelines from the Centers for Disease Control and Prevention, as well as, from local and federal authorities to diminish the risks of transmission at our office and showings. We want to do our part to keep our Bullhead City communities safe.

Fortunately for the local residents of Mohave Country we have had no reported cases of the the COVID-19.  With this being said, there have been plenty of prevention efforts occurring.  You may clink the link at the bottom of the page for an un update of community changes going on within the river cities.

While checking in with many of you around the country this last week I have to express that everyone has expressed concern but staying very level headed about the crisis.  

The local real estate market during February experienced all good news.  Single family home sales prices were up during February by 26% year over year. Prices have increased along with the number of sales.  Single family home were up 12% year over year.  With interest rates at historical lows, giving way to more buying power, it is no surprise to us that buyers have been eager to purchase a home.  New construction has also lended a hand in the price increase as a new home seems to be top of mind for many.

How will the Corona Virus affect our real estate market for March, April and May?  I expect that the inventory may be down slightly.  Seller occupied homes and that are not under a timeline to move may consider waiting until the “social distancing” have been lifted.  Open houses and model home locations will be temporarily closed as the prevention efforts continue.   We may see the number of homes going under contract as well as the number of sales dip.  I do expect that once the virus is under control the market will be back on track.  I am confident that we could see the market heat up with the summer temperatures.

What is Team Fahey going to do?  Country Ranch Realty and Team Fahey will continue to service our customers.  We will follow all safety guidelines for our customers as well as ourselves. We will continue to be available for showings both in person or video walkthroughs.   Fortunately we have all the tech available at our finger tips to assist you when it comes to buying and selling real estate in Bullhead City, Fort Mohave and Mohave Valley. Like this video we can also speak with you via video chat.  
We are here to help.  

We hope this market update finds you healthy and calm!

If you have any questions or concerns, please call us!  


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