Lake Havasu Luxury Real Estate

The weather in Lake Havasu makes it perfect forballooned to almost half a million.
luxury real estate properties. In most months,On the other hand, the price of golf course lots started
temperature ranges from 60-120 degrees duringat $129,080 in 2003. In 2004, that price increased by
daytime and 40-50 degrees during night.more than $20,000. For the past year, the prices of
In 1997, when the population of Lake Havasu City insuch real estate properties reached its peak after the
Arizona was at 40,000, the luxury real estate industrysecond quarter when it grew to $230,000.
there reached a total of 40 establishments and a totalToday, the real estate market has become a buyer's
of 85 employees.market. This was caused by the increase in the
Annual payrolls of these employees reached as muchnumber of properties for sale. Builders are now
as $1,288 each. Real estate lessors, on the other hand,pressured to come up with better products. Lake
reached a total of 16 establishments with 22Havasu has attracted more luxury real estate
employees.investors.
Prices of houses located on golf courses in LakeLuxury estate investors usually work with real estate
Havasu have steadily increased. In 2003, houses wereagents to find the best properties for sale. Agents help
sold for around $300,000. A year after, the pricethem find the best builders. The whole process can
increased by as much as 24%. Last year, the priceslast from seven months to one year. Part of the
rose some more. In the first quarter of 2005, theguarantee of most agents is that the price of the
asking price was $440,000. Two quarters after, itbuyer?s investments will steadily increase in years to
reached $470,000. The latest records show that thecome. They can, indeed, rake in a lot of money in a
price of houses located along golf courses hasfew years.