Lake Havasu Lifestyle

Warren Buffet says take advantage of today's real estate and stock markets now.
I say seize the day - take advantage of the real estate investment opportunities in Lake Havasu. They won't last forever.

Federal Chairman Bernanke says that the real estate market is beginning to stabilize.
I say seize the day - the opportunities to buy Lake Havasu real estate at today's affordable prices will change.

Inman.com says the risk of a second depression are fading. Everything is getting back to normal.
I say seize the day - consumer confidence is up, buyers are returning to the market and the opportunity to take advantage of today's Lake Havasu real estate market place will be fading as well.

Senior Loan Officer Opinion Survey says that applications for prime mortgages have increased for the first time since April 2007.
I say seize the day - take advantage of the opportunity to get the lowest interest rates in 40 years!

RealtyTimes.com says reports from all over the nation indicate that the real estate market is turning around. Even the hardest hit areas are seeing double digit increases in homes sales and are experiencing multiple offers on "best buy" homes.
I say seize the day - the opportunities to chose from a large inventory of homes in Lake Havasu will disappear.

RealtyTimes.com reports that 71% of Americans feel that now is a good time to invest in real estate.
I say seize the day - the opportunity to take advantage of today's buyers market will not last forever.

Obama says the first-time buyer tax credit expires in six months.
I say seize the day - the opportunity for free money is disappearing rapidly.

Lake Havasu Assoication of Realtors says sales are on the rise in Lake Havasu.
I say seize the day - the opportunity to take advantage of the best real estate buys in Lake Havasu and Mohave County is now.

Donna Ball, Always "On the Ball" with your Lake Havasu real estate needs

The weather is not the only thing getting hot in Lake Havasu City.  So is the Lake Havasu real estate market!  April saw a 40% increase of sales over those in April of 2008.  In addition, there are about 320 homes that are reported under contract.  Closed sales for 2009 are fast approaching the "500 homes sold" mark.
 
Sales activity began to change in Lake Havasu around October of last year.  Since then, sales have consistently been on the upswing over sales activity in 2008.  Every month this year has also seen an increase in sales over each prior month.

    * January 2009: 79 homes sold in Lake Havasu; a 29.5% increase from 2008, when only 61 homes sold.
    * February 2009: 93 homes sold in Lake Havasu; a 7% decline from 2008, when 100 homes sold.
    * March 2009: 137 homes sold in Lake Havasu; a 31.7% increase from 2008, when 104 homes sold.
    * April 2009: 140 homes sold in Lake Havasu; a 40% increase from 2008 , when 100 homes sold.
 
According to the Lake Havasu Association of Realtors database, there are 1004 residential properties available on the market in Lake Havasu City.  This would indicate that the excess supply of homes is beginning to dwindle.  Only 87 of those currently for sale are listed as foreclosed properties.  There are approximately 265 homes under the median home prices of $153,050.
 
Inventory is decreasing.  The foreclosure market is declining.  Sales are up.  Things are getting hot here in Havasu!

Donna Ball is "Always On the Ball" with all your Lake Havasu real estate needs!

Many of Lake Havasu's streets will be resurfaced in the next two weeks.  In fact, over 10 miles of the city's streets will be resurfaced beginning next Tuesday (May 5th).  If your street is scheduled for resurfacing, you should have already received an advance notice from the City.  A second notice will be sent 24 hours before the resurfacing work begins on your street.
 
Resurfacing streets means delayed travel for all of us, so add a little extra time for any commutes you are planning in the next two weeks.  There are over 425 miles of streets in Lake Havasu City, so planning an alternate route should not be too difficult if you are familiar with the city.
 
All of the streets being resurfaced will be open to traffic.  Construction zones will be marked, so look for the signs.  Slow down in construction zones, as some lanes may be closed and access may be restricted.  Be on the lookout for the construction guys with flags.  They will be assisting you in navigating our streets safely.
 
Resurfacing our streets may be a little annoying when traveling, but it keeps our long term traveling much safer and more pleasant.  In addition, it keeps property values up.  So, take a deep breath, slow down a little and enjoy the positive side of our street improvements.
 
Questions regarding construction zones are being directed to Harry Brown at (928) 855-3377.

Donna Ball, Always "On the Ball" with your Lake Havasu real estate needs!