The number of new listings this past week has increased significantly from the week prior. (UP 53%)
Sales are “down”… but with more inventory coming on, the Buyers who have been patiently waiting on the sidelines have more to choose from and are now starting to pull the trigger – thus resulting in more pended listings as indicated by the green line in the above graph.
Please feel free to reach out if you have any questions
and let us know if there’s anything in the world we can do for you!
928.732.4866
SALES
Home Sales Down 19.6% in October
Total Residential Sales
October 2022 = 126 units
October 2023 = 101 units
Down 19.6%
Single Family Homes
October 2022 = 107 units
October 2023 = 79 units
Down 26.2%
Condos
October 2022 = 14 units
October 2023 = 11 units
Down 21.4%
INVENTORY
On November 1st, 2023 there were 457 units available for sale…
November 1, 2022 = 599
November 1, 2023 = 457
That is a 23% decrease from last year,
but about a 1% increase since last month.
Inventory is trailing upwards like we anticipated.
However, days on market is decreasing…
We are hovering around 40 days right now compared to last month at 48 days. Which tells us demand is still there…
PRICES
Single Family Homes
October 2022 = $621,290
October 2023 = $637,669
Up 2.6% YOY
Up 9.4% from September 2023
($577,537)
Condos
October 2022 = $289,271
October 2023 = $236,318
Down 18.3% YOY
Down 24% from September 2023
($311,354)
If you want a complete breakdown of these stats or to find out the
current value of your home, please respond to this email.
Or call/text us at 928.732.4866
Bighorn Chili Cook Off
When: Saturday, November 4th
11:00am-5:00pm
Where: Havasu Riviera Marina
Come out and help support the NJCAA Men’s and Women’s Soccer Team!
Besides sampling chili from cooks far and wide, they’ll have a Beer Garden, Food Trucks, Live Entertainment, Kids Zone, Tug-of-War competition, Corn Hole & More!
