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|  About Lake Havasu AZ
Lake Havasu Arizona real estate makes a great winter playground, summer getaway, investment opportunity or full time home base. Located on the Colorado River, the western boundary between CA and AZ, Lake Havasu is approx. 150 miles from Las Vegas, NV and 200 miles from Phoenix, AZ. Property values in Lake Havasu have proven to be well worth the initial investment.
There are several new building oportunities in the Lake Havasu area, including Havasu Foothills Estates, Sailing Hawks Village, Vista Del Lago Estates, and the Villas at River Ranch to name a few. The new mall is still under construction, with new stores opening. Called "The Shops at Lake Havasu," it is located on the north side of the city close to the airport. J C Penney's, Dillard's, and PetSmart have opened their doors as well as the new Super WalMart. The new movie theatre opened the week of 12/15/09; Aeropostle and Famous Footwear are now open as well, with others coming soon. Yea, the new Michael's craft store opened the weekend of May 2nd 2009 to crowds of anxious shoppers! Close by is a brand new Chase Bank and McDonald's, and the new auto mall is open. There are new residential developments on the island as well, and the industrial park should be coming in the near future. Located on the I-40 corridor will be a new Wal-Mart distribution center, and Chrysler bought the Ford Proving Grounds off of I-40.
Lake Havasu boasts near-perfect weather which makes our location so attractive for many different events. Lake Havasu is host to the Skat-Trak World Championships (professional personal watercraft tour), the Relics and Rods Run to the Sun (a specialty street rod car show), the Winterblast Western Pyrotechnics Convention and Fireworks Show in February, the Senior Pro Rodeo in January, and many Bass Fishing Tournaments, just to name a few. There is something to do every weekend in Lake Havasu! If you would like to know more about local events, click on the [Havasu Happenings] button for a current calendar.
Many local realtors feel as though the market may have hit bottom. While about 50% of the homes sold are foreclosure homes, it is a great time for those who could not afford to purchase a home in the past to do so now. Our inventory is down with only about a 7 month supply of homes on the market as of Oct. 2010. These homes are selling for around 95% of listed price. As Gary Keller says in a recent Outfront publication regarding media claims about the state of the housing market, "Anyone who says this is an awful time to buy a house is showing their lack of understanding about how real estate buying (or selling) works. To begin with, residential real estate is simply not a national market product. It is a local one. Saying from a national position that this is either a good time or a bad time to buy real estate is like saying the national forecast for the U.S. today is 92 degrees. It is an irrelevant and useless perspective. Real estate is a local market product and the only thing that matters is what is happening in your local market." Lake Havasu will always be a vacation destination, close enough to get here quickly, but far enough away from the big city hustle and bustle.
Real Estate in Lake Havasu is an ever-changing event. The last few months in the local Lake Havasu real estate market have been very steady in the sales department. Our # of sales has been in the neighborhood of 150 +- sales per month with the inventory remaining fairly steady and even decreasing to the point of only a little over 4 month supply. In August, however, we saw quite a drop in the single family closings, which is typical of this time of year in our little desert city. It’s HOT here in August, and buyers are playing on the water instead of house hunting. September is historically a slow month for home sales as well, it is the last holiday weekend of the summer and everyone wants to say goodbye to summer spending it on the lake, the California buyers have kids going back to school and their minds are pre-occupied with getting them ready. October is one of my favorite months here in Havasu, the weather is near-perfect and there are literally “tons” of things to do here. Some of our winter snowbirds begin their yearly trek to our warmer climate and we are beginning to see an increase in home sales which will likely continue throughout our fall and winter season. The national real estate market has been affected by the first time buyer credit which brought future sales into the present time and our local market has felt the same thing. We do have a “seasonal” market here, however, and with prices and interest rates being as good as they are, we still expect a decent amount of activity this winter season. If you’ve been thinking about purchasing a second home, vacation place, or investment property, this could be the opportune time! Call me today and let’s see what we can find for YOU! There are some great deals to find in Lake Havasu at the current time. You may not see prices like this again! And with interest rates at lows not seen in years, you can't afford NOT to buy!
Donna Blanchette is an experienced realtor with over 15 years in the Lake Havasu real estate field.
Be sure to check out the Home Search button to begin your search for property. Or simply fill out the My Dream Home page and I'll take care of the search for you!
For knowledgeable service in the Lake Havasu AZ real estate market, contact Donna directly at 928-486-8770 or toll free 888-530-8162. | |
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Donna Blanchette and Lisa Elliott, your Home Team at Keller Williams, are your Lake Havasu Real Estate Specialists
- Lake Havasu Homes, Income Properties, Condo's,
Vacation Homes, REO, Land and Foreclosures -
Email: blanchet@citlink.net or Call (888) 530-8162
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