Only one word describes our local real estate market: HOT! The July 2018 Lake Havasu Market Report continues to proclaim our local area to be a seller's market. Buyers really want the Lake Havasu lifestyle. Even with prices continuing to rise, Lake Havasu homes still cost less than those in nearby California. That's one of the reasons our secondary market is one of the hottest in the country. Of course, being #3 on Realtor.com's Top 10 Cities to Age in Place list makes us more desirable as well. Let's discuss what happened in our local market last month. July 2018 Lake Havasu Market Report Lake Havasu Market Report - July 2018 Sales According to Flex MLS, a total of 179 Lake Havasu homes were sold in July 2018, a 6.3% decrease from the 191 sold in July of last year. However, the strong sales figures from earlier this year keep the year-to-date sales 3.2% higher with 1533 total home sales so far. Pending sales rose 7.1%, from 183 in July 2017 to 196 last month. Active … [Read more...]
June 2018 Lake Havasu Market Report
The local housing market continues to match our scorching temperatures. According to the June 2018 Lake Havasu Market Report, high buyer demand persists. Even with lower year-over-year sales, prices climb even higher. That means that, if you're in the market for a new Lake Havasu home, you need to be ready to act as soon as you locate one you like. June 2018 Lake Havasu Market Report Lake Havasu Market Report - June 2018 Sales Flex MLS reported that a total of 214 Lake Havasu homes were sold in June 2018. That marked an 11.6% decrease from the same time last year. Even so, the Lake Havasu market appears to have sold 3.9% more homes in the first half of 2018 than it did in the first half of 2017. Bucking a recent trend, pending listings showed a slight 1.9% increase from last June, with 210 reported. Active listings, on the other hand, dropped significantly from last year (by 26.7%) to come in at 650 for June 2018. New listings also fell off dramatically (by 26.5%), going from … [Read more...]
1st Quarter 2015 Havasu Home Sales
While the rest of the country got hit with cruel winter snowstorms, we in the Lake Havasu community enjoyed much more mild weather. But, that is what we have come to expect when living the Havasu lifestyle. The housing market has seen an increase in activity. How were the 1st quarter 2015 Havasu home sales? See for yourself. According to data collected from the Lake Havasu Association of REALTORS®, a total of 449 homes were sold in Lake Havasu between January 1st and March 31st of this year. That is a 24.37% increase from the last quarter of 2014 and a 15.72% increase from the 1st Quarter of 2014. A total of 723 new listings entered the market during the first three months of this year. That is a 5.85% increase from the same time as last year. Year-over-year sell prices have increased, too. The average sell price for a Lake Havasu home during the 1st quarter of 2015 was $224,400, a 5.06% increase from the same time last year. However, this is a 6.28% decrease from … [Read more...]
Havasu Market for First Quarter 2013
It would appear that the predictions of higher demand having an impact on home prices this year may be true. At least, that's what the Lake Havasu real estate market has seen so far. And, if we keep going at this pace, we're set to hit over $390M in total residential sales by the end of 2013. You would have to go back more than five years to see numbers that high! According to WARDEX (the Western Arizona Regional MLS), this year's sales figures have already increased significantly over the same time last year. There were a total of 487 residential sales in Lake Havasu City for the first quarter of 2013 (January 1st through March 31st). That's a 12.2% increase over the first quarter of 2012. The average list price for a Lake Havasu City home sold in the first quarter of 2013 was $186,127. It eventually sold for an average of $178,936. That means that the average home sold for 96.14% of the original asking price. That's just over 1% higher than the same time last year, which … [Read more...]
Lake Havasu Real Estate is Looking Good!
Real estate across the country has taken a hard hit over the last few years. Lake Havasu real estate is no exception. Real estate experts believe the sheepish market is about to get woken up...big time. This year, Lake Havasu real estate is looking good! Active Rain recently conducted a poll of real estate agents and found that 84% believe real estate values and transactions will increase in 2013. Approximately 77% believe that the demand for homes will spur on an increase in new construction. One of the areas they believe will see a dramatic increase in home values is the Southwest. Lake Havasu home sales are already seeing an improvement. January and February homes sales for this year closed at 107 and 144 for the month. That's an increase of 3.9% and 14.3%, respectively, from the same time last year. The total dollar amount of homes sold in February 2013 was 26.9% higher than February 2012 ($28,613,334 vs $22,548,181). Data provided by ActiveRain, the #1 social … [Read more...]
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