Lake Havasu City, AZ Real Estate Market Conditions

Here are the latest market stats for single family homes in Lake Havasu City. Please go to 'Search For Homes' to see everything that is currently available!

90-day stats for Single Family properties in
LAKE HAVASU CITY, AZ as of May 20, 2016
Median List Price $296,327 Average List Price $358,414
Total Inventory 637 Price per Square Foot $163
Average Home Size 1,808 Median Lot Size 11,507
Average # Beds 3.08 Average # Baths 2.28
Homes Absorbed 55 Newly Listed 47
Days on Market 135 Average Age 19

Prices are on the rise!

Total Inventory for homes in LAKE HAVASU CITY, AZ All ZIP Codes

Total Inventory for homes in LAKE HAVASU CITY, AZ All ZIP Codes as of May 20, 2016 is 637

Average Days on Market for homes in LAKE HAVASU CITY, AZ All ZIP Codes

Average Days on Market for homes in LAKE HAVASU CITY, AZ All ZIP Codes as of May 20, 2016 is 135

Median MAI for homes in LAKE HAVASU CITY, AZ All ZIP Codes

Median MAI for homes in LAKE HAVASU CITY, AZ All ZIP Codes as of May 20, 2016 is 35.05

Visually see what the market it doing!

Lake Havasu City, AZ Real Estate Market Conditions

What is happening in the real estate market in Havasu?

7-day stats for Single Family properties in
LAKE HAVASU CITY, AZ as of May 6, 2016
Median List Price $310,000 Average List Price $368,530
Total Inventory 599 Price per Square Foot $165
Average Home Size 1,841 Median Lot Size 11,761
Average # Beds 3.11 Average # Baths 2.31
Homes Absorbed 57 Newly Listed 62
Days on Market 134 Average Age 19

Please contact me to see what your home is worth!

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Losing a Pet – Effects on My Son

I have had to make the terrible decision that it is time to let go a dearly loved family member – our dog, Annie!  In exactly one month from today, my  son, Gunner will turn 16.  When he was just a baby, I decided it would be good for him to have a pet.  Who would have thought that 15 years later, that pet would still be around?  That is 105 years in dog years!  Since arriving home from the Humane Society, Annie has always been there for Gunner as a constant companion – from laying on the floor as he crawled all over her to chasing him as he rode his quads and motorcycles at Mitchell Dunes and finally to sitting feebly letting him comfort her in her old age. I still remember that most of the times when he had to write things for school that meant a lot to him, it was never material things – it was always his dogs.  On this last day of her life, I reflect and am worried about how her death is going to affect my youngest.  Gunner has always had a kind and loving spirit.  He has always had a special affection for all of his dogs, but I think that the passing of his eldest dog may be a truly heart wrenching and difficult point in his young life.  A mother always, above all, wants to protect their child from any painful and mournful experience.  Life (or death in this case) however, sometimes makes this difficult to accomplish.  I just hope that I can be there to comfort him and give him the compassion that he will need to deal with the loss of his friend!  I love you Gunner!

You Want to See How Many Houses???

I have worked with many fellow REALTORS® who think they are doing something wonderful for their clients if they show them upwards of 30-40 houses.  I actually remember someone who showed 92 houses to one client!  Really?  Do you think that client really needed to see that many or perhaps maybe it was because that agent did not take the time to ‘learn’ what that client wanted and then wasn’t strong enough to not show homes that they should have known would not fit their needs.  Personally, I think it is too hard for a client to look at more than 5 or 6 houses in a day.  During those showings I don’t point out the kitchen or the bathroom (I am pretty sure everyone knows how do determine what those are) but rather I listen, as Dean Ouellette pointed out in a recent post entitled “Sometimes You Need To Shut Up and Listen.”  Yes, I shut up and listen!

What do you hear when your mouth isn’t constantly moving?  ‘Oooh, I love a rear kitchen’ ‘Oh this room will be perfect for our large desks’ ‘I hate a master bath with only one sink’ and much more.  Instead of feeling like I have to ‘sell’ them the house, I take all their comments, process them and use them to help me find the perfect house that is right for them.  Then, if and when, we need a second day of showings, I will only show them a few homes (2 or 3) that I have already determined will match their needs and desires.  Don’t you think my clients would be happy to not look at 20 houses that they don’t like just because the pictures looked great on a website?  Last week I had a new client who had sent me this email:

Thank you for sending new listings.  Keep it up!
We had a realtor but she seems too busy, doesn’t send listings and won’t be there when we are coming to town.
We will be paying cash, our home is in escrow now.
We would like to do business with you.
We should be in town next week possibly Friday.  We will firm up next week.
Attached is a list of what we would like to see.

Yes, and was there a list of wants and needs!  Upon the first meeting we had time to see three houses that they had predetermined from what they had seen on my website.  We then arranged to look at more homes two days later when they had more time.  Since I took the time at the initial viewing to shut up and listen, I was able to match houses that I felt best matched what they wanted.  They were so happy to not have to waste time looking at things that they wouldn’t like.  They did have a list of homes that they ‘thought’ they wanted to see (again based on internet pictures) but I could easily tell them why I did not feel they would like them and we didn’t have to waste our time. They even make the comment to me ‘well, you know what we want and what we don’t!’  That is the best compliment to get as a good agent.

So take your time, shut your mouth, and LISTEN!

Real Estate is Heating Up!

It’s Hot, Hot, HOT!!!

and not just the temperature….

According to the local weather reports, Lake Havasu will reach, on average, 115º over the next five days.  If you are from anywhere but the Southwest region of the United States, you probably can not fathom that number!  If Chicago reached that temperature, there would be hundreds of calls to 911 and, most likely, numerous hospital visits and even deaths.  In Havasu however, although not normal for the whole summer, these temperatures do occur on numerous occasions during the months of June through September.

People wonder how (and if) we sell real estate in these conditions.  I always come back and ask if they sell in their area when there is snow and ice present.  Of course, most, out of necessity, must work in those conditions.  This is our job, as REALTORS®!  I, too, must work through such extreme temperatures.  Havasu has two distinct times of year when we get two separate types of visitors.  In November through April we will get what we refer to as “snowbirds” – people getting away from the snow and cold temperatures to enjoy our mild winters and then in May through October we get our visitors, mainly from Southern California, that come to enjoy the lake and the activities involved with it!  Therefore I have the opportunity to assist different types of buyers depending on which season we are in.  Of course, we do have many, many families that are relocating here, moving up to a larger house, or downsizing after kids may have left.

The temperature isn’t the only thing HOT right now, however.  The Lake Havasu Real Estate market is also HOT! As of today, we only have 458 single family homes on the market (from a high of over 1200 a couple of years ago).  Of those homes, only 25 (5.5%) are Foreclosures/REO’s (was up to over 20% at one point) and 18 (3.9%) Short Sales.  With 100 homes sold in this market in the last 30 days, what does this mean?  It means that there are more and more traditional sales going on.  This is good for the homeowner who still can sell their home and afford to pay off their mortgage!

With interest rates at an all time low, NOW is the time to BUY!  With inventories low and sales high, that could only lead to one thing – RISING PRICES!!!!  

The median sales price of a Single Family home in Lake Havasu is currently $162,500 – up over 11% from last year’s median price of $146,200.  Wow!  So that home that you are looking at right now at $150,000 would be worth $166,500 a year from now if the trend continues.  This means you will have less buying power if you wait!

If you want to see what is for sale in ALL of Lake Havasu, please visit my website.  You can set up a Listing Alerts so that you can be sent homes that match your criteria and see when new homes are fresh to the market.  If you have any questions about what is happening in Real Estate in Lake Havasu, please do not hesitate in contacting me!

 

Summer’s Over – Shut Down Havasu!

As summer nears to an end, the boating crowd often thinks that Lake Havasu just shuts down.  We drain the lake, turn off all the lights and padlock the doors.  Anything could be further than the truth.  One of the aspects of Lake Havasu I like best is that we have two distinct seasons – HOT and not hot!  Now personally, I don’t really enjoy when it is 115° during the day and dipping to 108° during the ‘cooler’ evening hours.  I know, there are a lot of people who love it, but I just don’t like the feeling that I about ready to combust at any minute.

During the summer, activities pretty much revolve around the lake or pools.  There is no wandering the streets on a mid-week afternoon stroll.  There is no ‘let’s sit on the patio and enjoy the nice weather’ conversations.  Most people will try to go as fast as they can from one air conditioned place to another.

As summer begins its departure, we all look forward to not hearing our air conditioners running 24/7.  We look forward to cool days and even cooler mornings.  We look forward to be able to park our car in the open and not having to worry about burning our hands, and other body parts, on the interior of our car. But most of all, we enjoy being able to go outside and enjoy our wonderful city.  Not only can we still enjoy the lake, since the average temperature can range from 50-70°. But my favorite thing that opens up for all to enjoy during the cooler weather is the massive amount of open space in the desert surrounding the city. Weather it be for hiking, dirt bike riding, quading, or 4 wheeling, there is just an unlimited amount of trails and washes that is out there for the taking.

Most of the desert can be accessed directly from the city proper.  There are trails that start from the extreme south (Standard Wash) to the extreme North (Craggy Wash and Havasu Heights) along with many interior entrances throughout the Eastern edges of the city.  A surprise to many visitors is that one is able to license off road vehicles to be able to drive on the streets around the city.  This makes it especially nice so that you don’t have to necessarily trailer the vehicles for a ride in the desert. You will find a lot of vehicles, like the Yamaha Rhino pictured below.

People will use these during the week to go to the grocery store, take the kids to school and to just tool around in the nice, fresh weather.  On the weekends, you will find dozens of groups out in the desert enjoying a day of awesome views and fun rides.  There is always someplace new to go, new friends to make and just a plain old fun time to be had.

So even though some think that Havasu closes down after the summer is over, to me, the beauty and joy of Havasu has just begun.

Are you Connected Las Vegas?

 

This week I have the opportunity to attend Inman’s Agent ReBoot in Las Vegas. I was excited at the opportunity to reconnect with some old friends, make new friends and get a lot of great knowledge.  Then Friday came and I got a call from Nicole Nicolay (@nik_nik) asking me if I would fill in on a panel because one of their speakers had canceled.  Now if you know me, I am not a shy person normally, but I do have anxiety of getting into something that I am not sure that I am good at.  Fortunately @nic_nic told me that I could talk about Twitter.  Woo Hoo!  If I am addicted to anything in Social Media, Twitter would be it.  Even though I am still anxious about getting up on stage, at least it will be something that maybe I can enlighten some in the audience with my experience.

As I got to think about things, I realized that I really did not interact, through Social Media, with too many people in Las Vegas.  There are a few, but overall, not that many.  On the other hand, I know tons of people in the Phoenix area both through Twitter and Facebook.  I spoke of this both to Nicole and Ricardo Bueno (@Ribeezie) and they too said they had that same impression. They felt that they too did not have a lot of SM contacts in the Vegas area.  With this thought in mind, I am even more excited to take part in Agent ReBoot and to show all those Las Vegas REALTORS what Social Media is all about!

If you are in Vegas and see me at the event, take a minute and stop and say hi!

Keller Williams’ RED DAY – ‘Give Where You Live’

Keller Williams RED Day Giving Back

Let me just premise this post to say that I have been in Real Estate in Lake Havasu City for 20+ years.  In January 2008 I helped launch our local Keller Williams Market Center.  Now, I am not one to switch offices on a whim.  I worked for my first office for 4 years until I took off a couple of years to raise my children and then worked for my second office for over 11 years.  I am not one taken into flashing lights and bells and whistles!  I take any change and analyze, dissect and then finally decide what is best for me.

Keller Williams? Why?

Careers worth having, Businesses worth Owning and Lives worth Living!  After attending sessions at International headquarters of KW in Austin, TX, I was on board.  I loved the idea that we were not just REALTORS, but family. My experiences with Keller Williams warrant a whole new post, but I do not want to digress.  I made the move!  And have never looked back!  I was honored to be nominated and win the “Culture Icon of the Year Award” for  2009 for my local office. As part of this honor, I am now the person in charge of identifying and organizing RED Day!

What is RED Day?

Mark Willis, President of Keller Williams, has spoken so eloquently of what RED Day encompasses! Last year the KW family spent more than 160,000 hours with more than 20,000 volunteers, giving back to their community.  In Lake Havasu, we worked the grocery stores and collected food and money for our local food bank.  Sure, the foodbank loved our contribution, but in the last year, I have been bombarded by what our community service project has done for our agents on a personal level.  Keep in mind that even in mid May of Arizona it is quite toasty!  OK, downright hot!  Even though our agents were miserable because it was 100+ degrees, they ALL relayed to me how fulfilling and wonderful they felt for giving back!

What are we doing in Lake Havasu?

This year we decided to give back to our schools.  Unfortunately Arizona is 48 of 50 for funding for our schools.  As a mother of three, this is not only distressing, but downright upsetting.  Therefore, our RED Day committee has decided to give back to the schools.  We are going to go into the local high school and help spruce up some of the offices!  Some of these places haven’t seen the strokes of a paintbrush in a very long time!  We also want to involve the students by conducting a food drive that day so that the students can start to learn to give back to their community also.  It looks like it is going to be another awesome experience for both our agents and the school!