Comments on: New York Times Article http://www.mohave.net/blog/new-york-times-article.htm Discussing Mohave County Arizona Housing Market and other topics Thu, 09 Jun 2011 19:26:28 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Jefferson Condos in Portland http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-112 Jefferson Condos in Portland Fri, 11 Mar 2011 07:53:58 +0000 http://www.mohave.net/blog/?p=285#comment-112 This was really helpful information... thank you. [WORDPRESS HASHCASH] The poster sent us '0 which is not a hashcash value. This was really helpful information… thank you.

[WORDPRESS HASHCASH] The poster sent us ’0 which is not a hashcash value.

]]> By: Jefferson Condos in Portland http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-111 Jefferson Condos in Portland Fri, 11 Mar 2011 07:49:39 +0000 http://www.mohave.net/blog/?p=285#comment-111 Because of the rapid market decline there is not much new construction going on in Kingman now as there was a few years ago.. Currently the cost to build is significantly higher than the cost to buy. Many homes that were built in the last two years are sitting vacant as they have never sold. Builders are finally reducing the prices of these homes and you could find a great buy on a never lived in home. Look at the Ranch at Long Mountain, Hualapai Shadows and Vista Bella. Best of luck [WORDPRESS HASHCASH] The poster sent us '0 which is not a hashcash value. Because of the rapid market decline there is not much new construction going on in Kingman now as there was a few years ago.. Currently the cost to build is significantly higher than the cost to buy. Many homes that were built in the last two years are sitting vacant as they have never sold. Builders are finally reducing the prices of these homes and you could find a great buy on a never lived in home. Look at the Ranch at Long Mountain, Hualapai Shadows and Vista Bella. Best of luck

[WORDPRESS HASHCASH] The poster sent us ’0 which is not a hashcash value.

]]> By: Jefferson Condos in Portland http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-110 Jefferson Condos in Portland Fri, 11 Mar 2011 07:33:16 +0000 http://www.mohave.net/blog/?p=285#comment-110 This was really helpful information ... thank you. This was really helpful information … thank you.

]]> By: Kingman http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-83 Kingman Sun, 14 Jun 2009 17:45:33 +0000 http://www.mohave.net/blog/?p=285#comment-83 Sadly, Kingman houses are higher priced per square foot than any of the areas we are tracking. Which includes Las Vegas, Pahrump, West Phoenix suburbs and Apple Valley in California. The prices are down in the lower end houses, but per square foot they are still high compared to pre-2005 prices. The larger houses in the south east area are still as much as 2 times higher per foot than pre-2005. Comparable houses in the other towns we are following are running 30-80 a square foot for the type homes that are still going for 140+ a foot in Kingman, even foreclosures Realtors here still think they should be higher than other areas because it is more desirable here. When I mentioned that Kingman was higher priced than many areas of Kingman, I was told prices should be higher than Calif. because who wants to live there with all the new taxes. Apparently speculators are here once again snapping up the bargains. We tried to look at a house we were interested in but the realtor was too busy and didn't call or email us like she said she would. I emailed to find out why and didn't even get a return email. You would think she could take the time to at least say she didn't have time to show us the house. Looks like it's back to 2005 again with the realtors only interested in dealing with investors who buy site unseen. Being very familiar with the San Fernando Valley, prices have dropped hundreds of thousands and still have room to go. California is infamous for boom/bust periods and always return to the fundamental values in a bust. You have to go by per square foot because in general the lots and houses are larger than the median in Kingman. Also they have jobs and the shopping and freeway interchanges that the realtors feel is the answer to everything. California also has prop13 which protects the homeowners taxes from the bubble prices. Kingman homeowners on the other hand have seen huge tax increases based on unsustainable bubble prices. I saw a bullhead home that was purchased in 2003 for 167,000 have the "value" increased to 900,000 by the assessor. Needless to say, they hadn't paid their taxes. Sadly, Kingman houses are higher priced per square foot than any of the areas we are tracking. Which includes Las Vegas, Pahrump, West Phoenix suburbs and Apple Valley in California.

The prices are down in the lower end houses, but per square foot they are still high compared to pre-2005 prices. The larger houses in the south east area are still as much as 2 times higher per foot than pre-2005.

Comparable houses in the other towns we are following are running 30-80 a square foot for the type homes that are still going for 140+ a foot in Kingman, even foreclosures

Realtors here still think they should be higher than other areas because it is more desirable here. When I mentioned that Kingman was higher priced than many areas of Kingman, I was told prices should be higher than Calif. because who wants to live there with all the new taxes.

Apparently speculators are here once again snapping up the bargains. We tried to look at a house we were interested in but the realtor was too busy and didn’t call or email us like she said she would. I emailed to find out why and didn’t even get a return email. You would think she could take the time to at least say she didn’t have time to show us the house.

Looks like it’s back to 2005 again with the realtors only interested in dealing with investors who buy site unseen.

Being very familiar with the San Fernando Valley, prices have dropped hundreds of thousands and still have room to go.

California is infamous for boom/bust periods and always return to the fundamental values in a bust. You have to go by per square foot because in general the lots and houses are larger than the median in Kingman. Also they have jobs and the shopping and freeway interchanges that the realtors feel is the answer to everything.

California also has prop13 which protects the homeowners taxes from the bubble prices. Kingman homeowners on the other hand have seen huge tax increases based on unsustainable bubble prices.

I saw a bullhead home that was purchased in 2003 for 167,000 have the “value” increased to 900,000 by the assessor. Needless to say, they hadn’t paid their taxes.

]]> By: Kevin http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-82 Kevin Thu, 11 Jun 2009 09:28:55 +0000 http://www.mohave.net/blog/?p=285#comment-82 Nice article. Yeah I had a realtor in Kingman tell me last week that it was like the San Fernando Valley in the 1930s. You have to be kidding. It's Kingman not Hollywood. Nice article. Yeah I had a realtor in Kingman tell me last week that it was like the San Fernando Valley in the 1930s. You have to be kidding. It’s Kingman not Hollywood.

]]> By: Kingman http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-81 Kingman Wed, 18 Feb 2009 18:11:23 +0000 http://www.mohave.net/blog/?p=285#comment-81 They use a computer program. The reason the taxes are increasing as prices go down is because, according to the assessor, the values are based on sales of two years ago. The values of comparable properties, even ones next door to each other, are so out of whack that I don't think their "program" works very well. They use a computer program. The reason the taxes are increasing as prices go down is because, according to the assessor, the values are based on sales of two years ago. The values of comparable properties, even ones next door to each other, are so out of whack that I don’t think their “program” works very well.

]]> By: FrankHenry http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-80 FrankHenry Mon, 16 Feb 2009 06:48:14 +0000 http://www.mohave.net/blog/?p=285#comment-80 What is the assessor using to back up higher land assessment values? What is the assessor using to back up
higher land assessment values?

]]> By: myrtle beach condos http://www.mohave.net/blog/new-york-times-article.htm/comment-page-1#comment-79 myrtle beach condos Wed, 04 Feb 2009 04:42:06 +0000 http://www.mohave.net/blog/?p=285#comment-79 good article thanks for posting good article thanks for posting

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