Mohave County, AZ Real Estate News

By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
ChaBones. Shagrues. Smallcakes. All of these offer delicious food that everyone raves about here in town. Bonus: all three also plan on participating in the Taste of Havasu 2021 event next week. But there are many, many other great restaurants offering up samples of their best dishes, too. Yum! Sounds like one tasty event to me!What: Taste of Havasu 2021 Where: SARA Park Rodeo Grounds (7206 Dub Campbell Pkwy) When: Wednesday, October 20th, 5 pm to 7 pm Admission: $10 to $25 Contact: K-12 Foundation (928) 302-5126 or via emailTaste of Havasu 2021Money raised from this event benefits the K-12 Foundation. As such, organizers wanted this to be a family-friendly affair. Bring all of your loved ones to the SARA Park Rodeo Grounds for dinner on Wednesday, October 20th. Kevin Jackson and the Mi...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
After two months of declines, total homes sales went back up again, according to the Lake Havasu Market Report for September 2021. The median sale price rose above $400,000 for the third time this year as well. Havasu homes spent just over a week on average to go from "new listing" to "under contract". That means that buyers must make sure that they have a pre-approval letter in their hands when they submit their offer. Otherwise, they might lose out to another buyer.Lake Havasu Market Report for September 2021September 2021 Home SalesFlex MLS reported a total of 225 properties sold in Lake Havasu City from September 1st to September 30th, 2021. That marked a 16% decrease from the previous September's total sales. However, it was 21.6% higher than August 2021's total sales. Total sales ...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Our lake stays busy pretty much all year round. Fishing, boating, parasailing, water-skiing, jet skiing. All of these take place 12 months a year in Lake Havasu. But some of the best stuff happens when the triple-digit heat of summer starts to taper off. Back in April, the Desert Storm Poker Run took over the lake. Next month, the Monster Storm Poker Run hits town.What: Monster Storm Poker Run 2021 Where: London Bridge Resort When: October 1st & 2nd Contact: Christina Crane, Storm Poker Runs, (623) 238-1330 or via emailMonster Storm Poker Run 2021The weekend's event kicks off with a pool party at London Bridge Resort's Kokomo pool. Between 3 pm and 5 pm on Friday, October 1st, participants and fans of the poker run mingle and party poolside. Registered "runners" receive discounts on the...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
The Lake Havasu lifestyle encompasses all sorts of outdoor sports. Offroading. Boating. Fishing. Automotive racing. Whatever you enjoy doing outside, you can do it here. Fortunately, most of these activities can also be done year-round. Can't say the same for the rest of the country. With Labor Day sitting squarely in our rearview mirror, pumpkin spice dreams should be dancing in your head while you wrap yourself in a nice warm sweater, right? Not in Havasu. In fact, as I write this post, the weatherman predicts our high temp should reach 100F today. Doff the sweater. Hold off on the pumpkin spice latte. Grab your beach chair and loved ones and head to the water. The 2021 AWSA PWC Championship hits the lake this weekend. And you will not want to miss all of the action!What: 2021 AWSA PW...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
The Havasu real estate market has been on fire for several months. Even throughout the pandemic, our seller's market remained strong and thriving. In the past couple of months, though, we began seeing things soften a bit. For the first time in months, sellers found themselves lowering their list price to make a sale happen. Now, this does not mean that things have suddenly shifted in the buyer's favor. In fact, they very much continue to lean in favor of the seller. But, according to the Lake Havasu Market Report for August 2021, buyers might see slightly lower prices over the next few months...but only slightly.Lake Havasu Market Report for August 2021August 2021 Home SalesOur local MLS reported a total of 185 properties sold in Lake Havasu during last month. That showed a 27.7% drop f...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
The Lake Havasu real estate market looks like it may start leveling out here soon. In recent weeks, we saw some sellers adjust their prices to snag a buyer or two for the first time since before the pandemic first struck. Now, that does not mean that we suddenly shifted to a buyer's market. On the contrary, low inventory continues to spur the seller's market to a degree. But sellers find that it may take an extra week or two to find a buyer for their home. If you are considering selling your home soon or you just recently bought one (congratulations, by the way), consider visiting the Havasu Home Show 2021. They offer great deals on goods and services as well as a keen insight into current trends in the marketplace.What: Havasu Home Show 2021 Where: Aquatic Center (100 Park Ave) When: 3...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Last month, I discussed the idea that we might be seeing the start of a leveling out of the Havasu real estate market. This means good news for buyers. Another possible indication that the market shows signs of easing up is that we have seen home sellers lower their listing prices for the first time in months. Even so, Havasu homes still sell pretty quickly. They just might not sell as quickly as they used to. And sellers are responding by adjusting their asking price accordingly.Home Sellers Dropping Prices: Is the Market Leveling Out?Since March, Lake Havasu homes went under contract after an average of less than a week on the market. That is crazy fast! In turn, sellers who received no action in the first week or two, typically lowered their prices to renew interest. And many times, ...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
As if competing against other homebuyers in this super hot Havasu real estate market was not hard enough. You might also find yourself in a battle with thieves...in particular, identity thieves. With 1.4 million Americans becoming the victim of identity theft last year (one case for every 15 people), you might not even know your identity was stolen until you apply for a loan. So before you fall in love with a Havasu home, complete some preliminary financial work first. And then protect yourself from becoming a possible target in the future.Identity Theft and the Havasu Home BuyerHave I Been Targeted?First things first. Run your credit report for free at AnnualCreditReport.com. It only takes a few minutes to complete the questionnaire and receive your reports. Legally, you are entitled t...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Lake Havasu temperatures sizzle in the summertime. While it may be a dry heat, that does not mean it can't be spicy. Mohave Community College celebrates all things hot and spicy with their Hot Havasu Nights Salsa Competition 2021. And they are willing to pay for the best salsa recipe in town. Might you hold the winning recipe?What: Hot Havasu Nights Salsa Competition 2021 Where: Mohave Community College (1977 Acoma Blvd Bldg 600) When: Friday, August 27th, 4 pm to 7 pm Contact: Maria Ayon, Event Coordinator, MCC via emailHot Havasu Nights Salsa Competition 2021Mohave Community College wants to find out who makes the best salsa in town. They plan on bestowing $50 to the winner in each of three different categories: Green Salsa, Red Salsa, and Other. Then, the salsa voted the best overall...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
After a dip in sale prices in June, the median sale price for a Lake Havasu home rose to its highest point ever yet again. Sales dipped slightly from the previous month and inventory levels rose slightly. What else does the Lake Havasu Market Report show happened in July 2021?Lake Havasu Market Report for July 2021July 2021 Home SalesFlex MLS reported a total of 234 properties were sold in Lake Havasu City in July 2021. That marks an 18.7% drop from the 288 sold in July 2020. But it was only slightly less than the 240 sold in June 2021. It is also the second month in a row of year-over-year declines in sales. Even so, property sales still run 16.2% higher than this same time last year.  Pending listings fell by 15.4% (from 266 in July 2020 to 225 in July 2021). Active listings declined ...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
We may be seeing a slight shift in the Lake Havasu housing market occurring right now (although it remains a seller's market for sure). I still highly recommend that buyers start the pre-approval process as soon as they decide that they want to look for a new home. That takes time. Plus, you want the ability to pounce on a property you love as soon as you see it. But you need to include a pre-approval letter with your offer. With low inventory levels and healthy buyer demand, you face some stiff competition. But "low inventory" does not mean "no inventory". So, do not lose hope."Low Inventory" Does Not Mean "No Inventory"It can be easy to feel frustrated in today's market. For months now, inventory struggled to keep up with demand...and failed. While it still remains low, that does not ...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Last week, I discussed that the first thing Havasu home buyers need to do is get their financing in order. All offers must include an approval letter. Otherwise, you may find yourself out of luck for that property you wanted. In the latest Lake Havasu housing market update, we see a shift that both buyers and sellers should pay attention to.Lake Havasu Housing Market Update for Mid-Summer 2021Home BuyersGood news for Havasu home buyers. The past year or so has been rough for you. Low inventory meant fewer homes to choose from. In turn, buyers found themselves competing against several other buyers for each property. Last month, home sales remained almost flat from the previous month while pending sales dropped off slightly. The median sale price fell back below $400,000 (after May's hig...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Are you considering a home purchase this summer? In today's Lake Havasu real estate market, it is more important than ever to get pre-approved for a mortgage loan right away. The days of a pre-qualification letter being enough are gone. In fact, talking to your lender and starting the pre-approval process should be the first thing on your list...even before you start looking at properties.Home Buyers Need to Make Pre-Approval Their #1 PriorityThe Pre-Approval ProcessFirst, let me explain what happens with pre-qualification. A buyer sits down with a lender. The lender asks about their income and employment status. Then, they pull credit scores to make sure they meet at least the minimum standard for a loan. Based on this preliminary information, the lender issues a pre-qualification lett...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Whew! The Lake Havasu Market Report for June 2021 shows some possible relief for home buyers. For the first time since December 2020, the median sale price actually decreased from the previous month. Could that indicate the beginning of a leveling-off in the market? It is too soon to tell. Inventory fell off slightly from May's stats and active listings followed suit. What else happened in the Havasu real estate market last month that buyers need to know about?Lake Havasu Market Report for June 2021June 2021 Home SalesAccording to our local MLS, a total of 240 properties sold in Lake Havasu City in June 2021. That included single-family homes, vacant properties, townhomes, condos, etc. While slightly higher than the total properties sold in May 2021, it marked an 11.4% decrease from the...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Would it really be the 4th of July if we didn't have fireworks over the lake? I don't think so. Luckily, we don't have to worry because the Lake Havasu Fireworks Show 2021 lights up the lake in just 11 days!What: Lake Havasu Fireworks Show 2021 Where: Thompson Bay When: Sunday, July 4th, 9 pm Admission: FreeLake Havasu Fireworks Show 2021Another beloved Havasu tradition continues this 4th of July with a dazzling display of pyrotechnics. Starting at 9 pm, fireworks shoot off from Spectator Point on the Island. Fortunately, the show can be seen from several locations around town. Tune your radio in to KNTR 980 AM when the fireworks start to enjoy a patriotic musical accompaniment. While I understand how much our pets mean to us, please keep them at home. Loud noises and bright flashes ten...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
I keep saying that our Havasu real estate market is just as hot as our weather (if not hotter). Home prices continue to rise each and every month. But experts refuse to call this a real estate "bubble" waiting to burst. Instead, consider it the norm...at least for a while. If you plan on doing some summertime home buying this year, take these tips into consideration first.Summertime Home Buying AdviceLow Inventory Equals Less Choices AvailableOur local MLS showed only 1.3 months of inventory available in May 2021. That means that if everything remained at the same rate, we would run out of homes for sale in just over a month. This puts us decidedly in a seller's market. A low inventory level means that buyers have fewer homes to choose from. In turn, we see multiple buyers vying for the...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
The 21st century certainly came in with a roar. Our national real estate market seemed to hustle and bustle. Lenders handed out loan approvals like they were candy. Unfortunately, this led to the bubble bursting in 2007/2008. That closed out the first decade of the new century with millions of foreclosures and a harsh employment landscape. Since then, we seem to have climbed out of despair and continue to see prices rise. New construction struggles to keep up with demand. Homebuyers continue to ask, "when is the bubble going to burst again?" Current Lake Havasu real estate market trends indicate that we are not actually in a bubble. Instead, this appears to be the norm for a while.Lake Havasu Real Estate Market TrendsIt's Not a Bubble!As prices continue to steadily go upward, buyers wor...
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By Liz Miller, Just Call Liz
(Coldwell Banker Residential Brokerage)
Our Lake Havasu real estate market continues to sizzle. Median sale prices rose past $400,000 for the first time ever. And it does not look like they will be coming back down anytime soon. We continue to see several buyers vying for the small number of properties available on the market. So, if you want to snatch up a property before another buyer does, you need to make sure you pre-approved for a mortgage loan right away. And by that, I mean as soon as you finish reading this blog post. What else did the Lake Havasu Market Report for May 2021 have to say? Read on to find out.Lake Havasu Market Report for May 2021May 2021 Home SalesFlex MLS (our local Multiple Listing Service) reported a total of 236 properties were sold in Lake Havasu during May 2021. While slightly less than the 257 s...
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By inboundREM Market Updates
(InboundREM)
Desert Horizons, Fort Mohave, AZ Community and Real Estate InformationDesert Horizons is a tiny gated community located near Fort Mohave, Arizona. Cam Colorado is bordered on the north by Calle del Media, the east by Aztec Road, the south by Aztec Road, and the west by the Riverside Adventure Trails. The area is an upmarket with finely constructed single-family houses. In the center, there's a magnificent clubhouse with a pool and playground for members to enjoy during their leisure time. The subdivision's secluded cul de sac styles guarantees that there is little traffic, and the walkways are safe for jogging and strolling your pets. The suburb, which is located in the city center, has convenient access to Fort Mohave's varied retail, dining, entertainment, and educational opportunitie...
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By inboundREM Market Updates
(InboundREM)
Los Lagos, Fort Mohave, AZ Community and Real Estate InformationIn Fort Mohave, Arizona, Los Lagos is a prestigious gated neighborhood. The Mohave Valley Highway runs through it on the west, Mesquite Creek on the south, Sun Valley Airport on the north, and the Oatman Highway on the east. This beautiful community is conveniently located near multiple golf courses, Lake Havasu, the Colorado River, casinos, shopping, and entertainment. It's only a 90-minute journey to Las Vegas, and it's only a few minutes to Laughlin, Nevada. Gorgeous views of the mountain, neighboring lakes, and beautiful golf courses can be found in the Los Lagos neighborhood. Three man-made lakes, a clubhouse with a fitness room, lighted tennis courts, pickleball courts, a heated pool, a spa, and many other amenities a...
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