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June 2016 Lake Havasu City Market Report
Hot weather, hot sales.  That seems to be the way it goes here in our Havasu community.  Residential, commercial and multi-family sales saw an increase from last year.  Let me break down these numbers for you in my June 2016 Lake Havasu City Market Report.
June 2016 Lake Havasu City Market ReportThe Lake Havasu Association of REALTORS® recently released their June 2016 sales figures.  A total of 177 Lake Havasu homes were sold in June 2016, a 2.3% increase from the same time last year.  These statistics included both new construction and existing homes.  The median sell price increased from $215,000 last year to $230,000 last month.  Even so, the year-to-date totals have fallen behind last year's totals at this time.
It looks like investors like Lake Havasu real estate.  Multi-family home sales increased substantially.  Last year, only one multi-family property was sold in June.  Last month, however, five of them sold.  The median price increased from $190,000 last June to $195,000 last month.  Total year-to-date sales have surpassed last year (24 at this time last year, 31 through June 2016).  If you're interested in investing in a multi-family Havasu home, there are six active listings at this time.
Lake Havasu Vacant Lot SalesSales of ... more

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