This stunning property on the Lakeside of the Highway has been part of our short term rental portfolio for over a year. Our buyers stayed here as guests last summer and fell in love with it. They expressed their interest in owning it, and we promised to let them know if it ever went up for sale. When the opportunity arose, we ensured they were first in line, securing it before it even hit the MLS!
We’re thrilled to continue managing this beautiful home as one of Lake Havasu’s top producing vacation rentals, allowing more guests to experience its amazing charm and beautiful lake views!
If you or anyone you know is looking to buy or sell, please call, text or email us anytime! 928.732.4866
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We pride ourselves on our research and deep understanding of market trends. As trusted advisors and consultants, we aim to provide comprehensive insights to empower our clients to make informed and confident real estate decisions. Below is data we have compiled and researched to show you.
Over the past year, the real estate market has seen a steady rise in active average list prices, increasing from $666,442 to $824,031, which is an increase of approximately 23.7%.
June 2023 List to sale price ratio = 95%
June 2023 Avg. List Price = $666,442
June 2024 Avg. Sold Price = $633,873
June 2024 List to sale price ratio = 75.19%
June 2023 Avg. List Price = $824,031
June 2024 Avg. Sold Price = $619,551
Overall, the data indicates a trend of rising list prices and fairly consistent sold prices, reflecting a market where sellers still have confidence and anticipating higher demand or market value for their properties while sold to list price ratios suggest that demand might not actually be as high as sellers are expecting.
See inventory data below to further support this data…
Active listings (+89.58%)
June 2023 = 192 units
June 2024 = 364 units
Sold listings(-16.26%)
June 2023 = 123 units
June 2024 = 103 units
Overall, the market has experienced a significantincrease in active listings, minor changes in pending listings, and slight fluctuation in sold listings.
The significant rise in active listings, coupled with stable pending listings, suggests increasing supply without a corresponding rise in demand resulting in slower market absorption. However, it is worth noting that this variability can be influenced by economic conditions such as interest rates and demand may actually be present just not actually reflected in the transaction data.
Sellers may need to be more strategic in pricing and marketing to attract buyers as this increased inventory offers more choices for buyers.
We will keep an eye on this data and keep you informed as more data becomes available.
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