Lake Havasu is Getting Hot - Real Estate Sales Up Again

The weather is not the only thing getting hot in Lake Havasu City.  So is the Lake Havasu real estate market!  April saw a 40% increase of sales over those in April of 2008.  In addition, there are about 320 homes that are reported under contract.  Closed sales for 2009 are fast approaching the "500 homes sold" mark.
 
Sales activity began to change in Lake Havasu around October of last year.  Since then, sales have consistently been on the upswing over sales activity in 2008.  Every month this year has also seen an increase in sales over each prior month.

    * January 2009: 79 homes sold in Lake Havasu; a 29.5% increase from 2008, when only 61 homes sold.
    * February 2009: 93 homes sold in Lake Havasu; a 7% decline from 2008, when 100 homes sold.
    * March 2009: 137 homes sold in Lake Havasu; a 31.7% increase from 2008, when 104 homes sold.
    * April 2009: 140 homes sold in Lake Havasu; a 40% increase from 2008 , when 100 homes sold.
 
According to the Lake Havasu Association of Realtors database, there are 1004 residential properties available on the market in Lake Havasu City.  This would indicate that the excess supply of homes is beginning to dwindle.  Only 87 of those currently for sale are listed as foreclosed properties.  There are approximately 265 homes under the median home prices of $153,050.
 
Inventory is decreasing.  The foreclosure market is declining.  Sales are up.  Things are getting hot here in Havasu!

Donna Ball is "Always On the Ball" with all your Lake Havasu real estate needs!