In my opinion, Lake Havasu City, AZ, would most certainly be the better investment to invest in real estate, within the next 1-4 years. We are a resort/retirement community, like a mini-Palm Springs but with a gorgeous lake, the Colorado River, and numerous water related or desert related recreational opportunities. We have a lot of Canadian cash buyers, snowbirds from the Northern areas, and investors who are taking advantage of our low prices and buying vacation homes here.
We currently have 872 residential properties on the market, 82 are foreclosures, about 70 are short sales. I am seeing some prices creeping up a little, and there is just no better time to buy than now! Pool homes are at fantastic rock bottom prices, cost of living is fairly low here, and property taxes much lower than most areas of the country.
The weather is mild in the winter, with spring and fall ideal, and the summer heat is nice in my opinion. You have the lake to cool off in, you may have a pool, or friends with a pool. Some choose to get away during July or August to cooler country. The Wallapai Mountains are a little over an hour away, Las Vegas, slightly over two hours, and Phoenix about three hours.
It's a great place to live, visit or raise a family. Small town community feel, and with the 4 year college coming to town, it's a very good place to invest! Check it our for yourself and go to my link! RealtorRae@gmail.com