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