Buyers-Sellers-Homeowners
Your Monthly News & Updates
Let us know your schedule if you need a Realtor. That is what we do!  
Lake Havasu Market Report

Sales are way ahead of our 5 year history.

 

August was the highest month for Single Family Homes sales in our 5 year history.  This is tracking closed sales only. We sold 173 Single Family Homes and we have 197 Under Contract waiting to close.  We are a market on the move. Now just might be your time to buy or sell. 

 

Prices are up about $8,417 over last year on average. 

 

Low interest rates are a factor and thankfully they are still low right now. 

 

Condo and Factory Built sales are slower than average. We will see what winter brings to this category. Our winter visitors buy and sell these seasonally.  

 

Get them while they are hot! Call us 928-846-6044 or 928-846-6046 and let us know when you are coming out. 
Recipe of the Month-Bunt Pan Pizza
Pull Apart Pizza

2 Cans of Pizza Dough or Biscuits 
2 cups Mozzarella cheese
1 cup  Parmesan  cheese
2 tablespoons of parsley flakes
1/3 cup olive oil
1 - 6 oz package of pepperoni (we used the turkey and only used 1/2 package)
1 teaspoon minced garlic
Directions:
Cut pizza dough or biscuits into quarter pieces. Cut the pepperoni into smaller pieces. Mix all the ingredients in a bowl and toss so that the oil is spread evenly. Put into greased baking dish and spread evenly. Bake for about 35 minutes at 350 degrees (or until the top is brown and the center is thoroughly cooked).
TIP: Be sure to check it in the middle before you pull it out. If the middle is still not cooked thoroughly, be sure to continue baking and check it every 5 minutes until it's done. Flip over on to a plate while it's still hot. Can use a  Bunt  cake pan or a regular 9×13 baking dish as well. Serve with marinara sauce for dipping if desired.

How much to offer? 

CMA-Know the value
Your Realtor can give you this data. We compare SOLD data for you. There is not a perfect formula unless you are in a community where all houses have the same builder. 
Why do we say there is not a perfect formula? Because a house means something emotionally to some buyers. Maybe they want to be near a friend, in a specific part of town or they just fell in love and were willing to pay more.  Some sellers might take less for a quick close. Both of these scenarios impact the data at any given time. 

Market trends
There are categories of homes, often price specific that just fly off the shelves. Currently in Lake Havasu this popular category is $200,000 to $300,000. This moves as our inventory changes. It used to be homes priced under $200,000 as the fastest moving so we trend upward. This category changes as do our buyers in a resort town like Lake Havasu. Know the average DOM (days on market). Again each category is different and your Realtor has the data.  When was the price reduced if ever? Has it been listed before? 

Seller specific facts
Generally we (Realtors) know about what a person owes on a home and almost always know what they paid. If they owe close to the asking price and the house is valued correctly there might not be wiggle room in an offer. Seller motivation and urgency to sell is always a part of the formula. 

Your own motivation
Are you in love with a house? If so be prepared to make an offer because someone else is probably looking at it too. As long as you are offering and getting counter offers back you are not in a contract. The Realtor and ANY Realtor who represents a seller has a duty to get their client the most amount of money for the house. They will tell anyone looking that they have an offer that is going to get a counter offer which gives the next buyer a perfect scenario to win that bid. That Realtor just created a sense of urgency.

There is no perfect formula and it is always a balance. In our town some Realtors price perfect to the expected offer. From a sample I looked at about 10% of the homes get full price. 

Real estate symbol, 3D generated house, good for your home ads
Sellers-Is it worth a home inspection before the home goes on the market? 

Rarely does a seller do an inspection prior to selling but it has so much value it should be considered.  You can address issues on your own time and budget before  negotiating with a buyer to fix problems or risk the buyer walking away. 


Try us: 928-846-6044
Fun-Fast-Friendly-Knowledgeable-Top 7% of Havasu Realtors. 
Brenda and Willie Gonzalez | RE/MAX Prestige Properties| 928-846-6044 | brenda@yourlakehavasuhome.com| YourLakeHavasuHome.com
STAY CONNECTED: