According to a report that Coldwell Banker provides for the Lake Havasu City Real Estate Market, the Median Sales Price in June was $160,000, up 9.7% from $145,900 in June of 2011 and down -0.9% from $161,500 last month.
The Average Sales Price in June was $200,645, up 7.9% from $185,904 in June of 2011 and up 4.1% from $192,782 last month. June 2012 average sales price was at the highest level compared
to June of 2011 and 2010.
So, what does all of this mean? While prices are fluctuating, indications are that we are approaching the bottom of the market, if we haven't hit it already. It will take a few months of fairly steady, albeit small, price increases to tell.
If you would like to receive a copy of the report on a monthly basis, please email me at Susan.Leifer@Azmoves.com and ask for the Market Action Report.