Negative Press
Don’t let the news media worry you; Real Estate values in Lake Havasu City have remained strong. I was looking through my records and noticed thatselling prices for single family homes in Lake Havasu City in the month of March 2005 was $229,900. The first three months of this year indicated that the average single family home sold for $313,647 a 27% increase since March 2005. That’s great news considering the negative press that real estate has been subject to lately and the construction slow down.
The press is not helping the over all real estate market, as you know they are reporting negative news about the market as a whole, unfortunately this is what buyers are hearing and responding to. The flaw in this negative reporting is that every community is different and not all communities are in a crises situation. Our City is a great example, we are continuing to sell almost 100 homes per month which is normal and our average home selling prices are still up compared to a couple of years ago. Communities such as ours would not be reported because it’s more profitable to stir up peoples emotions based on negativity than to say “you know there really is not much of a story here, the community is still doing fine.
The market statistics:
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Residential Home Sales, Jan, Feb, March, April 2007
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318 Homes Sold.
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Average selling price $313,647.
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Average time on the market 5.2 months.
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Lowest Sale $95,000
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Highest sale $1,275,000.
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Average price per. Square foot $175.
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Average square footage of homes sold 1,743.
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The number of single family homes for sale 1,325.
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I personally remain positive about the real estate market and will not participate in the negative press. In my opinion Lake Havasu City is a great community with approximately 3 homes still selling per day. If you are considering selling your home, now would be a great time. Please feel free to call me, I would be happy to meet with you and provide you with an up-to-date value of your home. 928-486-3368. Lake Havasu City Properties, Dean Baker Designated Broker.
Date: Thursday, June, 28th 2007 @ 11:47:17 PM Views: 204
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