Low inventory partnered with low-interest rates makes this a very interesting time in the Havasu real estate market. Buyers want to take advantage of the historically low sub-4% rates. But low inventory levels help keep prices up ($279,500 median sale price for February 2020). When it comes to Ha
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03/18/2020
We appear to be on track for a fantastic first quarter in the Lake Havasu real estate market. According to the Lake Havasu Market Report for February 2020, sales were down slightly from last year but prices went up. Continued low inventory levels help push prices higher. Exactly how did the marke
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03/04/2020
Conventional. FHA. Fifteen-year. Thirty-year. Fixed-rate. Adjustable-rate. Who knew Havasu home buyers had so many options when it came to financing a mortgage? No matter which one you choose, unless you put down 20% or more, you end up paying PMI (private mortgage insurance). And can add a coupl
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02/19/2020
New year, new market? The Lake Havasu Market Report for January 2020 showed that sales definitely saw a huge uptick from the previous January. Sale prices hit their highest point ever. And inventory remains low but stayed pretty even from the close of last year. Read on to see how the market perf
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02/05/2020
In the early 2000's, banks seemed to lend money to just about anyone who wanted to buy a home...regardless of their credit history. After the real estate bubble burst, though, lenders tightened up their purse strings considerably. It seemed that they would only lend money to those with excellent
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01/22/2020
I hope everyone enjoyed themselves with their loved ones over the past few weeks. Now that the holidays are over, we can get on about our regular business. 2019 came in with a whimper and went out with a bang as far as the real estate market is concerned. According to the Lake Havasu Market Repor
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01/08/2020
With less than a week left in 2019, it's time to get out the crystal ball and take a look into the future of the real estate market for next year. Keep in mind that the "experts" get things wrong, too. Nothing's set in stone. With the political climate at a hot point and a presidential election s
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12/26/2019
This time next week, we throw away all the gift wrapping from our opened Christmas presents and gear up for the new year celebration taking place the following week. Can you believe it's almost 2020 already? Time seems to fly by faster and faster every single year. Before you know it, it'll be ti
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12/19/2019
I hope everyone had an awesome Thanksgiving with their loved ones. We're rounding out the end of the year here. In two weeks, we celebrate Christmas. Then, we welcome in a brand new year. 2020...can you believe it?! Do yourself a favor. Take in the Festival of Lights in the English Village this m
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12/11/2019
The economy in Lake Havasu City depends on tourism and construction for the most part. A couple of decades ago, tourists came out only on the weekends (Friday through Sunday). However, in the last few years, those weekends seem to extend into the weekdays. It's not unusual to see our population e
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12/04/2019
