It appears that the Lake Havasu real estate market is beginning to stabilize and may even be experiencing a turnaround. Home sales have been up since January of this year. They have leveled off in the last four months, but have remained consistent. Lake Havasu listings are down 20% since September 2007. This reduction in inventory means that more homes are selling. Median home prices have also stayed consistently around or under $200,000 throughout 2008. The median home price in September 2007 was $218,750. This means that more people are able to afford to buy a home. Even though home prices are lower, total sales are up by 64% from September 2007. Typically, January is a high volume month for Lake Havasu home sales due to the increase of residents moving back to Lake Havasu for the winter. Instead of renting a winter home, many people are looking to buy a winter home in Lake Havasu City. What this boils down to is that now is definitely the time to purchase that home you've had your eye on.
Rainmaker
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Keller Williams Arizona Living Realty
local_phone(928) 680-8220
smartphone(877) 680-8220
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