Friday, November 23, 2012

U.S. Home Values Up 12 Straight Months

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Thursday, November 22, 2012

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.

Team Headshot

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.
2390 N. Smoketree Ave.
Beautifully Remodeled Home with Private Backyard with Pool

Remodeled Home with Chef's Kitchen, Private Pool and Spa Backyard. Granite Counters and Lots of Upgrades.
Full Details & YouTube Video.

2961 Daytona Ave.
Value Priced 3 Bedroom 2 Bath
Investor Special - Currently Rented to Long Term Tenants. 3 Bedroom, 2 Bath, 2 Car Garage & Large RV Parking.
Click Picture to View full details.
MLS# 870414
2884 Cisco Drive N.
Massive Garage Space & Beautiful Luxury Home
Fantastic RV Garage Home with Lake View and Luxury Upgrades on Large Lot in Nice Neighborhood.
Click Picture for more info.
MLS# 870858
3999 Bluegrass Drive
Understated Elegance on 2 Large Lots

Understated Elegance on 2 Lots with Private Desert Park Setting. Lovely Pool and Great neighborhood!
Click Picture for more info.
MLS# 870850
8775 Apache Loop
Keys Waterfront Home with Boat Dock
Moovalya Keys Waterfront Home
in Parker, AZ. Upgraded throughout. A simply tremendous home w/boat dock.
Click Picture for more information and video tour.
MLS# 870327
2498 Saratoga Ave.
Happy Thanksgiving!
Bobby & Julie Lewis
Coldwell Banker Residential Brokerage

Team Headshot

Wednesday, November 14, 2012

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.

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.
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 obligation...just friendly service!
Bobby & Julie Lewis Team
#1 Coldwell Banker Agents in Lake Havasu City Area