Lake Havasu City Homes For Sale Update

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Now that summer is in our rear view mirror what might we expect in the way of the real estate trend this winter?  In my opinion the perception of the real estate market created by the media and tighter home mortgages will dampen home sales in the short term and postpone an expected recovery for existing home sales until 2008.  However the number of home sales in Lake Havasu C is not all that bad, between 85 and 100 people are buying homes every month which is about 3 sales a day!  In the US the volume of existing home sales this year will be better than 2002, which was the second year of the housing boom.

 

At this time in Lake Havasu City as in the rest of the country there is an unusually high inventory of homes for sale which forces sellers to become more competitive in regard to asking prices.  The marketing also must be second to none so that your home stands out among the many homes for sale.   The sharp pullback in new home construction will be a healthy trend for existing housing by trimming down current housing inventory.

 

Home values have fallen this year because the supply out weighs the demand, however compared to the past few years values remain considerably high.  In the month of August 2007 our average home selling price was $309,970 compared to $141,282 August 2003.  

 

Real estate is a longer-term investment and reality is much different than the actual perception of real estate this year, plus we all need a place to live.  Dean Baker Lake Havasu City Properties

Date: Friday, September, 21st 2007 @ 05:59:13 PM
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