Lake Havasu Real Estate Market Update

United States of America -- Free-Press-Release.com-- Jun 28, 2010 -- Local real estate markets across the country abide by their own trends, mainly dependent on the economic conditions of the area. In the wake of the national housing crisis, Lake Havasu City home values fell to levels not seen in nearly a decade according to Bobby & Julie Lewis of Coldwell Banker Residential Brokerage in Arizona. Over the past several months however, the reduced prices finally made an impact on prospective Lake Havasu home buyers. The number of home sales in Lake Havasu City reached levels not seen since 2005 during several months this spring. More than one month had over 200 properties sell, somthing not seen in the resort town in 5 years and a drastic increase from 2 years ago when less than 100 homes a month were selling. This has increased the growing speculation among many that the Lake Havasu real estate market is close to bottoming making some now believe this unusual and advantageous opportunity to buy a home in the area may not get any better.

Lake Havasu real estate has become increasingly popular with home buyers looking for an affordable home with the numerous Lake Havasu Foreclosures of the past few years. Now even the slightest price reduction is incredibly attractive, especially in a sought-after community like Lake Havasu with prices already half of what they were on most properties at the peak. While many buyers of Lake Havasu real estate are looking for a primary residence or winter home, the market has also become incredibly attractive for Canadian buyers and investors with the strong Canadian dollar in play. Canadian buyers also love the opportunity to buy a home where they can spend the winter months playing golf in 70 degree weather instead of the cold and snowy winters they find in Canada..

Even in this ideal Lake Havasu buyers market using good judgement is important to get the most home for the money and the very best return on your investment. And this is especially important in a resort town like Lake Havasu City where most buyers are not as familiar with the market as they would be in their own home town. One thing to keep in mind is Lake Havasu foreclosure properties are sold as-is, so home inspections are crucial. In addition it is also wise to check that proper permits were pulled with the city on homes that appear to have been modified in any serious way. A Lake Havasu realtor who is experienced in Lake Havasu real estate can advise you every step of the way and provide the kind of knowledge you need to make a smart decision. Bobby and Julie Lewis of Coldwell Banker Residential Brokerage in Lake Havasu are experts representing buyers and sellers and are available daily to help.

More information as well as a free Lake havasu foreclosure list request page can be found online at DiscoverHavasuRealEstate.com and DiscoverHavasuHomes.com.

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Bobby & Julie Lewis Team - Coldwell Banker Residential Brokerage
Bobby Lewis
928-486-4498, 928-244-1800 fax, 888-428-2788 Toll Free
http://www.DiscoverHavasuHomes.com