Karen Stubbs, Both Buyer and Seller in

What has been the overall trend in real esatate values in lake Havasu for the past year?

Asked by Karen Stubbs, Thu Feb 7, 2008

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7
We are seeing homes listed for higher than last year. Prices will continue to rise this year!
0 votes Thank Flag Link Thu Apr 18, 2013
Anyone have updated information on the current market trends in LHC
0 votes Thank Flag Link Fri May 20, 2011
I JUST READ THAT BUYERS FROM CANADA ARE INTERESTED IN AZ REAL ESTATE AND THAT WOULD INCLUDE LAKE HAVASU. I READ THE MONEY IS EVEN (LOONIES VS US DOLLARS) AND AZ IS A BARGAIN. GIVE MARILYN A CALL IF YOU ARE A SNOWBIRD AND NEED WINTER WARMTH IN KINGMAN, LAKE HAVASU, BULLHEAD CITY, AZ. MARILYN OR BRUCE FULLER 928 279 0004, 928 5304465.
0 votes Thank Flag Link Tue Jul 8, 2008
May 08 stats are highly optomistic, with 123 closed sales and average days on market lower at 147. So far in June we have 108 homes under contract. We're moving through the foreclosures at a very fast rate, oftentimes with multiple offers. The time is here, all those buyer's thinking Lake Havasu should act now, waiting will find you saying, I wish I would have bought last month.
0 votes Thank Flag Link Sat Jun 21, 2008
A little over a month later and I'll have to also be more optimistic... We gave up on the short sale referred to below as Saxon Mortgage is taking a minimum of 10 weeks to look at the offer. So we told them to go fly a kite.

Then we resumed looking and we are about to close our new house. It was priced right and on the market less than 2 weeks when we grabbed it. Both the House inspector and bank are now starting to get really busy. Sounds like we are at or near the bottom of the market here in Havasu, as even investers are starting to buy right and flip houses again....

However, you still must really work hard to check and learn values. The type of house we are buying has many similar to it, all in decent locations, for a price range between $229k to $350k...for essentially the same thing. It is all about the financial situation of the seller, as so many are so far upside down. This is a less than 15 yr old 3 bedroom, 3 bath, 1600+ sq ft, tile-roofed house with a boat deep garage (both bays) and plenty of room to add RV garages. Lots of other positives. The buys are out there amidst the upside-down houses that are still headed to foreclosure.
0 votes Thank Flag Link Sun Apr 20, 2008
Nice optimism. Realtors are quickly putting up sold signs to encourage folks that things are selling here. 101 closed sales in a month means that if no more houses come on the market, in only 18 months or so, the existing inventory will be sold.

Many sellers here haven't yet gotten the message to drop their prices if they really want to sell. We are looking to buy another house here, but aren't even bothering to look at occupied houses as there are something like 400 foreclosures on the market and I don't know how many Bank-owned properties.

We are currently trying to buy a short sale now and everyone is dragging their feet (seller, bank, and even escrow company) so we are doubtful the sale will even occur...but that didn't stop the selling agent from putting up a sold sign the moment we made an offer (well under asking price).

Once the glut of "weekend homes" owned by folks from the next-door state (who currently can't afford them), then Havasu can resume its climb. This is a great area to live, but I don't think we are at the bottom yet... We're willing to buy now because we think the bottom is close...but we certainly put in a much lower offer than the asking price. If it doesn't work, we'll find another...there are plenty here!
0 votes Thank Flag Link Wed Mar 12, 2008
The market has been heating up with the weather. In the last 30 days 101 single family homes have closed escrow. There are so many good deals here right now, buyers are starting to take advantage of the,
Web Reference: http://www.NikyG.com
0 votes Thank Flag Link Fri Mar 7, 2008
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