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