Lake Havasu Real Estate Market Update - August Numbers

Lake Havasu Real Estate August Market Report
September 10, 2013
Written By: Bobby Lewis of Coldwell Banker

Lake Havasu home values continued to increase in August 2013 with the median home sales price up 9.1% and the average sales price up 10.3% over August 2012.  Market Values lag behind the peak levels of 2006 but they have consistently inched closer over the past year.  Lake Havasu foreclosed home inventory continues to decline.

Property inventory available for sale as of August was 575 inching upward 3.2% from the previous month.  Total home sales in August were 118 up 14.6% from August 2012.  With the upcoming winter selling season just around the corner we expect to see Lake Havasu area home values continue to increase over the next year barring not major unexpected events occur.

LAKE HAVASU RENTAL MARKET

The residential rental market vacancy rate remains very low.  Our Coldwell Banker rental department (the largest in town) remains nearly out of available rentals with a vacancy rate in August of only 4%.  For landlords and investors, rental vacancy is nearly a non-issue as homes in good condition and with appropriate rental rates rent nearly immediately.

LAKE HAVASU MARKET STATISTICS

Year to date sales are up 17.4% over last year's year to date sales as of the end of August.

Important August Lake Havasu Real Estate Numbers:

August property sales: 118
August Average Sales Price: $231,432 (up 10.3% year over year)
July Median Sales Price: $185,450 (up 9.1% year over year)
Average Days On Market: 84
Total Inventory of Single Family For Sale: 575

After reviewing the numbers, you might be asking yourself if Lake Havasu real estate is about to boom again.  The honest answer is nobody knows.  Many indicators look good and we expect to see market improvement to continue but only time will tell. 

As a buyer considering Lake Havasu, you can rest assured that few if any, vacation market locations still exist in the western United States that remain as affordable and fun with warm and sunny winter weather, outstanding summer pleasure boating, and overlooking a stunningly scenic lake...and all within a few hours drive of Las Vegas, Phoenix and Southern California.

Search Lake Havasu Real Estate For Sale

To request our complete detailed market action report with ALL the numbers just send us an e-mail and we will send a PDF version to you right away.

Bobby and Julie Lewis Team
#1 Coldwell Banker Agents in Lake Havasu City Area
928-855-8880
bobbyandjulielewis@gmail.com

 http://www.DiscoverHavasuHomes.com

Lake Havasu Real Estate Market Report
August 2, 2013
Written By: Bobby Lewis

Home values in Lake Havasu continued their upward course in July 2013 with the median home sales price up 11.1% over July 2012 and the average sales price up 21.6%. Market Values are still not back to the peak levels of 2006 but they have consistently moved higher over the past year.  Lake Havasu foreclosed home inventory continues on the decline as well.

Total inventory of properties available for sale as of July was 637 with 160 homes selling during the month. The shrinking inventory very well could be opening the door for a housing shortage. With the upcoming winter selling season just around the corner the Lake Havasu area should see home values continue to increase over the next year.

 LAKE HAVASU RENTAL MARKET

You may have already heard but the great news continues in the residential rental market. The vacancy rate for residential rental homes remains incredibly low. The Coldwell Banker rental department (the largest in town) remains nearly out of available rentals with a vacancy rate in July of only 3%. Rental vacancy is nearly a non-issue as homes in good condition and with market rents in-line with competition rent nearly immediately.

LAKE HAVASU MARKET STATISTICS

YTD Sales; Nearly 1200 residential homes and condos have sold in Lake Havasu City since January 1st....and that number does not include multifamily, vacant , commercial, or non-agent assisted sales. Including those numbers the totals are even higher.

 Here are key Lake Havasu Real Estate numbers from July:

July Lake Havasu property sales: 160 YTD Sales as of end of October: 1176
July Average Sales Price: $206,188 (up 21.6% year over year)
July Median Sales Price: $170,000 (up 11.8% year over year)
Average Days On Market: 75 (Down 7.4% year over year)
Total Inventory of Single Family For Sale: 637

The important question is whether Lake Havasu is about to take off with a big real estate boom?  Every day it seems more indicators are pointing that direction.  Where else can you buy a vacation home for prices this affordable, in a fun resort town with warm and sunny winter weather, outstanding summer pleasure boating, and overlooking a stunningly scenic lake? And all within a few hours drive of Las Vegas, Phoenix and Southern California.

Search Lake Havasu Real Estate For Sale

Please call with any questions you have. Also as an added service we can set you up to receive instant e-mails for a specific price range if you are not already receiving them....

We truly appreciate your business. No pressure...no obligation...just friendly service!

Bobby and Julie Lewis Team
#1 Coldwell Banker Agents in Lake Havasu City Area
928-855-8880
bobbyandjulielewis@gmail.com

 http://www.DiscoverHavasuHomes.com

U.S. Home Values Up 12 Straight Months

Zillow: U.S. home values now up 12 straight months - MarketWatch on.mktw.net/SSCY80 via @marketwatch
— Bobby & Julie Lewis(@HavasuBobby) November 23, 2012

Search Lake Havasu Homes for Sale at:  http://www.DiscoverHavasuHomes.com

Lewis Team Thanksgiving Day Wishes

Happy Thanksgiving from Bobby & Julie Lewis in Lake Havasu Dear Bobby, Our best wishes to you and your family for a wonderful Thanksgiving and a very blessed holiday season. Click Here to View your beautiful animated Thanksgiving Card Bobby & Julie Lewis Family Lake Havasu City, Arizona

Some Wonderful Homes you might want to spend next Thanksgiving in.

2280 Souchak Dr. Beautiful Motorhome Garage Home with Resort Backyard that will make you think you are on Maui. Click on Picture to view Full Details & YouTube Video. $465,000 MLS#870980 2390 N. Smoketree Ave. Remodeled Home with Chef's Kitchen, Private Pool and Spa Backyard. Granite Counters and Lots of Upgrades. Full Details & YouTube Video. $259,900 MLS#870415 2961 Daytona Ave. Investor Special - Currently Rented to Long Term Tenants. 3 Bedroom, 2 Bath, 2 Car Garage & Large RV Parking. Click Picture to View full details. $116,900 MLS# 870414 2884 Cisco Drive N. Fantastic RV Garage Home with Lake View and Luxury Upgrades on Large Lot in Nice Neighborhood. Click Picture for more info. $307,000 MLS# 870858 3999 Bluegrass Drive Understated Elegance on 2 Lots with Private Desert Park Setting. Lovely Pool and Great neighborhood! Click Picture for more info. $346,700 MLS# 870850 8775 Apache Loop Moovalya Keys Waterfront Home in Parker, AZ. Upgraded throughout. A simply tremendous home w/boat dock. Click Picture for more information and video tour. $650,000 MLS# 870327 2498 Saratoga Ave.

Happy Thanksgiving! Bobby & Julie Lewis Coldwell Banker Residential Brokerage 928-855-8880 VIEW ALL Lewis Team Home Listings Here

Lake Havasu Real Estate Market Report

Lake Havasu Real Estate Market Report November 14, 2012

Written By:  Bobby Lewis

 

Home values in Lake Havasu continued their upward course in October 2012 with the median home sales price up 18.1 % over October 2011 and the average sales price up nearly 15%.  The market is still much closer to the bottom than the top but it is moving in the right direction the past 6 months.

 

With overall Lake Havasu bank owned home  inventory on the decline in the area and throughout Arizon, 2013 is being projected by many real estate insiders as a potentially big year for continued appreciation. 

 

The number of single family homes for sale in Lake Havasu City has increased to just over 700 citywide however with 128 homes selling in October alone that still remains only 6 months of inventory.  In the sub $200K market the news is even better as homes are selling briskly in the entry level price ranges.  With the expected strong winter Lake Havasu should see home values continue to increase at least at a moderate rate however higher appreciation is being projected by some experts.  Time will tell the story.

LAKE HAVASU RENTAL MARKET

 

You may have already heard but the great news continues in the residential rental market.  The vacancy rate for residential rental homes remains incredibly low.  The Coldwell Banker rental department (the largest in town) remains nearly out of available rentals with a vacancy rate in October of only 3%.  Vacancy is nearly a non-issue for investors at this time as homes in good condition and with market rents in-line with competition rent nearly immediately.

 

OCTOBER MARKET STATISTICS

 

As for total YTD Sales;  Nearly 1400 residential homes and condos have sold in Lake Havasu City since January 1st....and that number does not include multifamily, vacant , commercial, or non-agent assisted sales. Including those numbers the totals are even higher.

 

Here are the key Lake Havasu Real Estate numbers from October:

• October Lake Havasu property sales: 128
• YTD Sales as of end of October:  1299
• October Average Sales Price: $204,327 (up 14.6% year over year)
• October Median Sales Price: $166,553 (up 18.1% year over year)
• Average Days On Market: 82
• Total Inventory of Single Family For Sale: 700

 

 

The BIG question that begs to be asked...  Where else can you buy a vacation home for prices this affordable, in a fun resort town with warm and sunny winter weather, outstanding summer pleasure boating, and overlooking a stunningly scenic lake? And all within a few hours drive of Las Vegas, Phoenix and Southern California.

Search Lake Havasu Real Estate For Sale

Please call with any questions you have. Also as an added service we can set you up to receive instant e-mails for a specific price range if you are not already receiving them.... We truly appreciate your business.

 

No pressure...no obligation...just friendly service!

 

Bobby & Julie Lewis Team

#1 Coldwell Banker Agents in Lake Havasu City Area

928-855-8880

bobbyandjulielewis@gmail.com

 

http://www.DiscoverHavasuHomes.com

http://www.DiscoverHavasuRealEstate.com

 

Lake Havasu Real Estate Market

Lake Havasu Real Estate Market Update - October 15, 2012
Written By: Bobby Lewis

The Lake Havasu Real Estate Market has made great strides during 2012 towards stabilization indicated by increasing market values year over year particularly in the sub-$200K market.

Here are some of the key numbers from September:

• September property sales: 89
• YTD Sales as of end of September: 1171
• September Average Sales Price: $171,838 (up 7.8% in September year over year)
• September Median Sales Price: $141,400 (up 1.7% in September year over year)
• Average Days On Market: 84
• Total Inventory of Single Family For Sale: 657

There is tremendous anticipation among the real estate community in Lake Havasu this year for the winter home buying season. This is largely due to reduced foreclosure inventory as well as the increasing market values noted above. It appears, particularly in the lower price ranges, that the market may even be slighltly undervalued at this point. Homes in good condition and priced well in this range sell very quickly and in most cases for very close to asking price.

The flip side of the coin is the Lake Havasu luxury market. Particularly homes priced from $350,000 and up. Although several homes each month are selling in the higher price ranges the inventory remains elevated versus the number of sales each month. There have been several notable sales recently however that indicate even the luxury market may be on its way to stabilization in 2013 however we still have some distance to go before that can be determined for certain. One thing hard to imagine however is pricing going much lower as the worst appears behind us.

The great news for the savvy homeowner however is the opportunity to take full advantage of these 2 opposite market dynamics. They have collided and literally create the perfect storm for the Lake Havasu homeowner considering trading up.

Take for instance if you currently own a Lake Havasu home valued under $250K but you have been considering buying a Lake Havasu golf course home, a larger home, or entering the luxury market in Lake Havasu. There are numerous buyers looking for a good home properly priced and between $100,000 and $250,000. At the same time, as a buyer in the luxury market you have the "pick of the litter" so to speak with far fewer buyers to compete with and numerous properties to choose from. Talk about having the ball in your court on both ends of the process.

For more information on Lake Havasu Real Estate or to request a Free Lake Havasu Foreclosure List contact Bobby & Julie Lewis. Bobby & Julie are the #1 Lake Havasu Coldwell Banker Agents in the area.

Bobby & Julie Lewis Team
Coldwell Banker
928-855-8880

The Lake Havasu Real Estate market continues to stabilize.  Check out this luxury home for sale with tremendous backyard and "Disneyland Like" Pool.

2280 Souchak Dr. Lake Havasu City, AZ

Highlights

TREMENDOUS Resort Pool with Grotto Cave, Waterfalls, & Rock Slide	Ultimate Entertaining & Party Backyard
Elegant, Inviting, Luxury Home	Mega RV Garage
Whitewater River and Water Features	Beautiful Modern Rear Kitchen
Surround Sound, Alarm, Cameras and More...	Upscale Furnishings Negotiable and Available Outside of Escrow
Gated Addional RV Parking on Side of Home	Pool House in Back with 1/2 Bath & Outside Shower

Description 

The ultimate luxury Lake Havasu party home with a true Disneyland "Resort Like" pool and backyard plus a mega garage.  On top of this it just happens to be in one of the most desirable neighborhoods in Lake Havasu City.  The home is elegant and inviting with spacious kitchen that opens to a dramatic Great Room overlooking the tremendous backyard.  Upgrades such as alarm with cameras and infrared motion sensors, surround sound speakers, inside home pool and waterfall controls, outside cabana with built in barbeque and sink, pool house with 3rd bath, and more.  Abundant RV and Motorhome Parking in both garage and behind gated side area of home is perfect fot all the toys.

Click Link to Request FREE Lake Havasu Information Packet

Call Bobby & Julie Lewis with questions. 928-486-4498 or Toll FREE 888-HAVASU-8

No Pressure...No Obligation...Just Friendly Service!

Click Here to request a Free Lake Havasu Foreclosure List 

For more Lake Havasu Real Estate information check out our original sitehttp://www.discoverhavasuhomes.com/

Contact Bobby & Julie Lewis for more information on this fantastic home.

Bobby & Julie Lewis

#1 Coldwell Banker Agents in Lake Havasu

928-855-8880

www.DiscoverHavasuHomes.com

www.DiscoverHavasuRealEstate.com