lake havasu home sales: Lake Havasu Market Report for October 2022
- 11/02/22 11:11 AM
As the cost of pretty much everything continues to rise, home buyers may actually like the way our local real estate market is going. According to October 2022's Lake Havasu Market Report, year-over-year prices went down for the first time in years. Unfortunately, interest rates continued to climb. This put a further crimp on home buyers' budgets. But you should not lose hope if you wish to go from "renter" to "homeowner". It is still an attainable goal.
Lake Havasu Market Report for October 2022October 2022 Property SalesOur local MLS reported a total of 142 properties sold in October 2022. That marks … (2 comments)
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lake havasu home sales: Lake Havasu Market Report for September 2022
- 10/05/22 10:34 AM
Looks like the local real estate market now favors the buyer. According to the Lake Havasu Market Report for September 2022, prices fell for the second month in a row. While music to home buyers' ears, increasing mortgage rates still put a crimp in many buyers' budgets.
Lake Havasu Market Report for September 2022September 2022 Property SalesOur local MLS reported a total of 118 properties were sold in September 2022. That marked a 49.4% decrease from September 2021's totals. It's also the lowest total monthly sales so far this year. Active listings rose for the seventh month in a row. Reports showed … (3 comments)
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lake havasu home sales: Lake Havasu Market Report for August 2022
- 09/07/22 01:25 PM
After a huge upward trajectory over the past two years, our local real estate market appears to be experiencing a "course correction". Month-over-month prices dropped off. Total sales remained unchanged. And inventory levels rose above three months for the first time in more than two years. What else does the August 2022 Lake Havasu Market Report show us? Read on to find out.
Lake Havasu Market Report for August 2022August 2022 Property SalesAccording to our local MLS, a total of 140 properties were sold in August 2022, the exact same number sold during the prior month. However, it marked a 32.7% drop … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for June 2022
- 07/06/22 01:27 PM
It looks like our local housing market has started to move the needle to a more balanced setting. While it still favors the seller, more inventory helped level the playing field a bit, according to the Lake Havasu Market Report for June 2022. I know buyers are going to like the sound of that!
Lake Havasu Market Report for June 2022June 2022 Home SalesOur local MLS reported a total of 176 Lake Havasu properties sold in June 2022. That marked a 28.7% decrease from the total sold in June 2021. This also means that sales fell by 12.9% from May 2022's total. … (2 comments)
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lake havasu home sales: Lake Havasu Market Report for May 2022
- 06/01/22 09:36 AM
Inflation and the likelihood of a recession hitting us soon has many people concerned. Even with inventory slightly higher and sale prices cooling off slightly, higher prices at the pump and in the stores hit everyone's pocketbooks. In turn, this affected how much home buyers had to work with. The Lake Havasu Market Report for May 2022 reflected this with lower total sales.
Lake Havasu Market Report for May 2022May 2022 Home SalesAccording to our local MLS, a total of 202 Lake Havasu properties were sold in May 2022. That marks an 18.9% drop from the 249 sold in May 2021. It … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for April 2022
- 05/04/22 01:51 PM
Inflation and rising home prices hit home buyers' pockets hard, according to the Lake Havasu Market Report for April 2022. Low inventory levels do not help either. As the threat of a possible recession looms, interest rates are on the rise. Even so, this should not stop you from buying a new Havasu home if you really want to. Just make sure that you start the loan process now to lock in your rate before they start to climb again.
Lake Havasu Market Report for April 2022April 2022 Home SalesOur local Lake Havasu MLS reported a total of 229 properties sold in … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for March 2022
- 04/06/22 01:56 PM
Inflation is a hot topic for US economists. This affects the cost of everything from the groceries we buy to our credit card interest. It also affects home prices and interest rates. The March 2022 Lake Havasu Market Report shows sale prices on the rise, inventory levels up slightly, and total sales falling from 12 months ago.
Lake Havasu Market Report for March 2022March 2022 Home SalesOur local MLS reported that a total of 267 properties for sale found themselves a buyer in March 2022. That marked a 16.3% decrease from the total sold in March 2021. However, sales rose 25.8% from … (2 comments)
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lake havasu home sales: Lake Havasu Market Report for February 2022
- 03/02/22 01:24 PM
The 2022 real estate industry started off a bit lower than 2021. February continues this downward trend in sales and inventory. However, the Lake Havasu Market Report for February 2022 tells a different tale with home prices. They hit another record high again. Interest rates also continue to rise. And they do not appear to be slowing down anytime soon.
Lake Havasu Market Report for February 2022February 2022 Home SalesFlex MLS reported a total of 198 Havasu properties were sold in February 2022. That marked a 7.9% dip from the previous February. However, it was also 12% higher than January's total of … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for January 2022
- 02/02/22 09:26 AM
Prices rose. Sales fell. Inventory remained lower than before. The January 2022 Lake Havasu Market Report showed that the year started off a little tighter than last year ended. That may not necessarily be music to buyers' ears. However, if you own a second or vacation home in Lake Havasu City that you do not use as much as you thought you would, now is a great time to turn that home into cash by selling it. Contact me right now to find out what you might expect to receive for that home in today's market.
Lake Havasu Market Report for January … (3 comments)
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lake havasu home sales: Lake Havasu Market Report for November 2021
- 12/01/21 01:11 PM
As we head into the final month of 2021, the Havasu real estate market seems to be slowing down a bit. According to the Lake Havasu Market Report for November 2021, total sales, the median sale price, and inventory levels all dipped slightly from October 2021. If you find yourself in the market for a new home, your best chances of success might be right now.
Lake Havasu Market Report for November 2021November 2021 Home SalesFlex MLS reported a total of 190 properties sold in Lake Havasu City during November 2021. Sales dropped 17% from the 229 reported back in November 2020. … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for October 2021
- 11/03/21 12:52 PM
According to the Lake Havasu Market Report for October 2021, total sales fell off a bit. But that is typical for this time of year. However, prices hit their highest median point for the year so far. And inventory inched up a little from September's numbers. How does this affect Lake Havasu City home buyers?
Lake Havasu Market Report for October 2021October 2021 Home SalesOur local MLS reported a total of 205 properties sold in Lake Havasu City during October 2021. That marked a 26% decrease from the total sold in October 2020. It also showed a 9.8% decrease from September 2021's … (4 comments)
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lake havasu home sales: Lake Havasu Market Report for September 2021
- 10/06/21 01:03 PM
After two months of declines, total homes sales went back up again, according to the Lake Havasu Market Report for September 2021. The median sale price rose above $400,000 for the third time this year as well. Havasu homes spent just over a week on average to go from "new listing" to "under contract". That means that buyers must make sure that they have a pre-approval letter in their hands when they submit their offer. Otherwise, they might lose out to another buyer.
Lake Havasu Market Report for September 2021September 2021 Home SalesFlex MLS reported a total of 225 properties sold in … (4 comments)
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lake havasu home sales: Lake Havasu Market Report for August 2021
- 09/01/21 12:59 PM
The Havasu real estate market has been on fire for several months. Even throughout the pandemic, our seller's market remained strong and thriving. In the past couple of months, though, we began seeing things soften a bit. For the first time in months, sellers found themselves lowering their list price to make a sale happen. Now, this does not mean that things have suddenly shifted in the buyer's favor. In fact, they very much continue to lean in favor of the seller. But, according to the Lake Havasu Market Report for August 2021, buyers might see slightly lower prices over the … (0 comments)
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lake havasu home sales: Lake Havasu Market Report for July 2021
- 08/04/21 11:07 AM
After a dip in sale prices in June, the median sale price for a Lake Havasu home rose to its highest point ever yet again. Sales dipped slightly from the previous month and inventory levels rose slightly. What else does the Lake Havasu Market Report show happened in July 2021?
Lake Havasu Market Report for July 2021July 2021 Home SalesFlex MLS reported a total of 243 properties were sold in Lake Havasu City in July 2021. That marks an 18.7% drop from the 288 sold in July 2020. But it was only slightly less than the 240 sold in June 2021. It … (0 comments)
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lake havasu home sales: Lake Havasu Market Report for June 2021
- 07/07/21 12:52 PM
Whew! The Lake Havasu Market Report for June 2021 shows some possible relief for home buyers. For the first time since December 2020, the median sale price actually decreased from the previous month. Could that indicate the beginning of a leveling-off in the market? It is too soon to tell. Inventory fell off slightly from May's stats and active listings followed suit. What else happened in the Havasu real estate market last month that buyers need to know about?
Lake Havasu Market Report for June 2021June 2021 Home SalesAccording to our local MLS, a total of 240 properties sold in Lake Havasu … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for May 2021
- 06/02/21 12:54 PM
Our Lake Havasu real estate market continues to sizzle. Median sale prices rose past $400,000 for the first time ever. And it does not look like they will be coming back down anytime soon. We continue to see several buyers vying for the small number of properties available on the market. So, if you want to snatch up a property before another buyer does, you need to make sure you pre-approved for a mortgage loan right away. And by that, I mean as soon as you finish reading this blog post. What else did the Lake Havasu Market Report for May … (0 comments)
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lake havasu home sales: Lake Havasu Market Report for April 2021
- 05/05/21 02:08 PM
Buyers love Havasu real estate. According to the Lake Havasu Market Report for April 2021, year-over-year sales continued to surpass expectations. But high lumber prices, high buyer demand, and low inventory keep driving prices higher and higher. Unfortunately for buyers, this is a trend that is here to stay for the foreseeable future. That is why you absolutely must have your mortgage loan lined up and ready to go when you find a property you want to put an offer in on. In fact, that needs to be one of the very first steps you take when you decide that you … (2 comments)
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lake havasu home sales: Lake Havasu Market Report for March 2021
- 04/07/21 01:07 PM
Real estate markets all across the country show a huge spike in buyer demand. That includes right here in Lake Havasu City. This is great news for sellers but not so much for buyers. Why? High buyer demand partnered with low inventory means higher sale prices. According to the Lake Havasu Market Report for March 2021, that is the exact scenario Havasu home buyers face right now. If you want to purchase a Havasu home in the near future, talk to your lender right away to start the pre-approval process on a home loan. You run a high risk of falling … (1 comments)
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lake havasu home sales: Lake Havasu Market Report for February 2021
- 03/03/21 10:17 AM
Even with interest rates on the upswing, buyer demand continues to soar in the Havasu real estate market. According to the February 2021 Lake Havasu Market Report, inventory levels dropped off to their lowest point in the last 12 months. Active listings fell by more than half. Sales, on the other hand, rose. This all pushed sale prices up. If you are in the market for a new home, your first step needs to be to talk to your lender about securing a mortgage loan. That way, you are ready to act when you find a Havasu home you love.
Lake Havasu … (2 comments)
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lake havasu home sales: Lake Havasu Market Report for January 2021
- 02/03/21 10:28 AM
My goodness. The first month of 2021 simply flew by. And our local housing market continues to thrive. According to the Lake Havasu Market Report for January 2021, sale prices and total home sales saw a huge increase from the previous January. Unfortunately, inventory levels fell to their lowest point in over a year. That means that competition among buyers for available homes is fierce.
Lake Havasu Market Report for January 2021January 2021 Home SalesFlex MLS reported a total of 197 Lake Havasu properties sold in January 2021, a 7.7% increase from the same time last year. Pending listings came in at … (2 comments)
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As the cost of pretty much everything continues to rise, home buyers may actually like the way our local real estate market is going. According to October 2022's Lake Havasu Market Report, year-over-year prices went down for the first time in years. Unfortunately, interest rates continued to climb. This put a further crimp on home buyers' budgets. But you should not lose hope if you wish to go from "renter" to "homeowner". It is still an attainable goal.
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