Mohave County, AZ Real Estate News

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...
Comments 0
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...
Comments 1
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, ...
Comments 0
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...
Comments 1
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...
Comments 0
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 ...
Comments 0
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 ...
Comments 1
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...
Comments 0
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...
Comments 0
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...
Comments 1
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...
Comments 1
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...
Comments 2
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...
Comments 0
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...
Comments 0
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...
Comments 1
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...
Comments 0
By inboundREM Market Updates
(InboundREM)
Desert Lakes Estates, Fort Mohave, AZ Community and Real Estate InformationDesert Lakes is a well-established golf complex with a charming neighborhood of custom-built houses. The city of Fort Mohave, which stands along the Colorado River, has this neighborhood. The American Hero's Museum is on the west side, Fort Mojave Elementary School is on the north, and Los Lagos Golf Club is on the south. Schools, shopping, restaurants, and community amenities are all nearby in Desert Lakes. The villas in Desert Lakes are surrounded by beautiful water features, lush greenery, and breathtaking mountain and golf vistas. It's an ideal location for finding a move-in-ready home for your family or starting from fresh. Residents began having their homes built in the 1990s, and they are still building ne...
Comments 1
By inboundREM Market Updates
(InboundREM)
Fairway Estates, Fort Mohave, AZ Community and Real Estate InformationFairway Estates is a modern subdivision on the outskirts of Fort Mohave, Arizona. Hulet Avenue to the north, Mountain View Road to the east, and the Mohave Valley Highway to the west form the perimeter of the community, which is flanked by Cimarron Lake. Residents of this newer luxury community in the city have the unique opportunity to design their own custom homes. Residents are largely isolated from the livelier portions of the Mohave Valley because they live on the city's southern outskirts. They are, however, still only a short drive from most of the region's metropolitan centers. The location is best suited for persons who work in the local farmsteads, which make up a large amount of the surrounding land area. I...
Comments 1
By inboundREM Market Updates
(InboundREM)
Riviera, Bullhead City Area, AZ Community and Real Estate InformationRiviera is a neighborhood on the outskirts of Bullhead City, Arizona. The town is situated on a U-shaped peninsula at a large bend in the Colorado River, immediately across from the several large casino complexes on the opposite bank. The area is one of the city's three original neighborhoods, which were designed and established in 1984. Riviera is now predominantly a residential section of the region, with a substantial majority of the city's inhabitants residing there. As a result, the neighborhood has been adequately developed to assist the numerous families who live in the area. Residents of the suburb have access to schools, public parks, shopping centers, commercial districts, and much more. Riviera is a great pl...
Comments 1
By inboundREM Market Updates
(InboundREM)
Rio Lomas, Bullhead City Area, AZ Community and Real Estate InformationRio Lomas is a charming residential community located on the outskirts of Bullhead City, Arizona, near the Fort Mohave boundary. The community is bordered to the north by the Mohave Crossroads Shopping Center and to the south by the Clearwater Hills community. The neighborhood is made up of a number of residential complexes and subdivisions built to meet the ever-increasing need for housing in the latter half of the twentieth century. The neighborhood is conveniently positioned at the northern edge of Fort Mohave and the southern outskirts of Bullhead City. Residents have easy access to a neighboring shopping mall, as well as public parks, schools, and the numerous golf clubs to the south. The community's home constr...
Comments 1