It's a sellers market: Graham County real estate increases in value

By Alysa Phillips, assistant editor
Published on Wednesday, December 21, 2005 10:32 AM MST

Realtors in the Gila Valley worked overtime this year as they catered to a sellers market, and most say they expect 2006 to be even busier.

“Nothing has been quite like 2005,” Myrna Curtis, a sales associate from Casa Del Sol Realty, said. “The market was so hot this year, it was the best I've ever seen.” Curtis has been selling real estate for 27 years.

At least two factors contributed to what local real estate agents call a banner year for sales. The first is the price of copper, Curtis said. Copper jumped in value during 2005, evening out at more than $2 per pound.

The second factor is growth, Curtis said. Promises of a copper mine opening in the Safford area and of Eastern Arizona College expanding to allow four-year degree options spurred the market this year and guaranteed a tight market next year.

According to Rachel Hinton, a Realtor with Coldwell Banker, the value of homes skyrocketed by about $50,000 since the beginning of the year.

An average home with an area of less than 2,000 square feet in a new home subdivision sold for about $127,000 during the first quarter of 2005, Hinton said. By the fourth quarter, a home with the same dimensions and in the same subdivision would sell for about $175,000, she said.

As real estate prices continue to increase, the market for the least-expensive homes is also tightening, Curtis said.

“Places that have been listed for years and years without being looked at sold this year,” she said. “Even some of my old dumps sold.”

Despite high demand on real estate, local real estate agents continue to watch the market and are careful to represent their clients' best interests, Nancy Woods, a Realtor with Coldwell Banker, said.

“There are a lot of things people selling their homes don't know,” she said. “They are not sure what they're getting into, and we come between the sellers and the buyers to make sure it works right.”

Some real estate agents in Graham and Greenlee counties and from the Globe and Willcox areas are part of a board that governs real estate transactions and Realtors' ethics. The board met Dec. 14 to install new directors. The three directors - Woods, Carla Lemen and Cindy Jensen - deal with legal issues, professional standards and education for local Realtors.

The Graham-Greenlee Board of Realtors also answers to President Jason Nichols, Vice President Barbara Claridge, Secretary Rachel Hinton and Treasurer Rebecca Smith. The officers assure buyers and sellers good transactions.

According to Woods, who is in charge of education, Realtors are required to earn 24 hours of continued education every two years.

“We need to keep on top of house inspections and other problems on the seller's end,” Woods said. “We also have to make sure things are mended on time and ready for the market.”

Whatever the price range a customer is looking at, real estate agents have to keep the buyer's interests in mind, Woods said.

“Our number one priority is the client,” she said. “They need to have someone looking out for their interests.”

Realtors at Casa Del Sol, Coldwell Bankers, SAS, Amethyst and Lucero Realty, Quail Ridge Realty in Thatcher, plus Globe and Willcox area Realtors are involved in the Graham-Greenlee Board of Realtors, Curtis said.

Contact Alysa Phillips at 428-2560 (ext. 234) or e-mail her at alysa@eacourier.com.

Comments

11 comment(s)

    lorraine wrote on Jan 24, 2010 12:15 PM:

    " I AM TRYING TO FIND KARL AND SHARON WATSON THEY USED TO BE A COUNTRY BAND CALL ROJOE AND SAPPHIRE ITS BEEN ALONG TIME .DO I HAVE THE RIGHT ONES ?THANK YOU "

    Ian Mccartney wrote on Sep 17, 2008 4:20 PM:

    " I went to this camp in the summer of 05 when they were located in concho. I highly doubt that vallentine is telling the truth because when i went they was plenty of food. I remeber that they made us but on spf 50 sunscreen by the gallons. They provided us with gallons of water a day. I think that denton should have stayed in concho because it was a lot better. Big deal the recruits have no ac or water. what to expect bootcamp to be a vaction? And by the way the dirt isnt going to kill you "

    H. Craig Bradley wrote on Apr 18, 2008 5:29 PM:

    " The percentage of Americans who recreate in the wild outdoors of our National Forests is shrinking all the time. Today's America is predominately an urban/suburban America. Increasingly, individuals can not part with their IPods, Cell Phones, Laptop Computers and Navigational Aides (GPS). Roughing it outdoors is an experience that fewer and fewer individuals are getting "

    Anonymous wrote on Apr 3, 2008 5:06 PM:

    " Why not tell these people and organizations how you feel?

    Vice Principal Kerry Wilson
    Principal Robert Beeman
    Superintendent Mark Tregaskes
    Safford, Arizona Middle School

    734 11Th Street
    Safford, AZ 85546
    Phone Number: (928) 348-7040

    http://az.localschooldirectory.com/schools_info.php/school_id/3495 "

    THS Alum 2004 wrote on Mar 20, 2008 4:21 PM:

    " I graduated with these guys and it's sad to say that I'm really not that surprised. They're meat heads and are a "few fries short of a happy meal". The authorities did nothing wrong, these people made a dumb choice and will have to deal with the consequences.

    P.S. Doug did it. "

    blah wrote on Mar 6, 2008 8:29 AM:

    " Whatever "

    colton wrote on Jan 29, 2008 2:02 PM:

    " i think doug grant is innocent an i think you should not charge him for murder "

    saline wrote on Jan 29, 2008 2:01 PM:

    " hello hello hello hello hello hello "

    Michael Jackson wrote on Dec 11, 2007 3:02 PM:

    " Why doesn't this newspaper admit that the story reported by Pam Crandall, as related by Jesse MacBeth, in the above article, is a flat out lie??? MacBeth has since admitted that he did not go to Iraq and that he made up all of the stories repeated by Pam Crandall. Please tell the truth. The longer that the Courier stands by these lies the sillier it looks. "

    Jesu Christ! wrote on Oct 25, 2007 8:53 PM:

    " And the authorities wonder why it is that students have so little respect for authority. If I were this kid (or the kid's mother) I would never look at authority the same way again. "

    Daniel Connell wrote on Oct 23, 2007 9:35 AM:

    " i am writting to say that this was a harmless prank and just a little fun for these two innocent teenagers. they should have not gotten in that much trouble for just a harmless prank. being a friend to them you wouldnt see it in my view. they were just looking to have fun in safford because there is nothing else to do and jose hernandez should have not been sent to ADJC on his first crime he ever commited. "

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