The weather in Lake Havasu makes it ideal for luxury properties. In most months, temperatures range from 60 to 120 degrees during the daytime and 40-50 degrees at night.
In 1997, when the population of Lake Havasu City in Arizona was 40,000 people, there were a total of 40 institutions and a total of 85 employees in the real estate industry.
The annual salary of these employees has reached $ 1,288 each. On the other hand, landlords have reached a total of 16 agencies with 22 employees.
Prices for homes located on golf courses in Lake Havasu have steadily increased. In 2003, homes were sold for about $ 300,000. A year later, the price increased by as much as 24%. Last year, prices rose even more. In the first quarter of 2005, the asking price was $ 440,000. After two quarters, he reached 470,000 dollars. The latest figures show that the price of homes located along golf courses has increased to almost half a million.
On the other hand, the price of a golf course started at $ 129,080 in 2003. In 2004, this price increased by more than $ 20,000. Over the past year, prices for such properties have reached their peak after the second quarter, when it rose to $ 230,000.
Today the real estate market has become a buyer's market. This was due to an increase in the number of objects sold. Now builders are putting pressure on better products. Lake Havasu has attracted more luxury real estate investors.
Luxury real estate investors usually work with real estate agents to find the best properties for sale. Agents help them find the best builders. The whole process can last from seven months to one year. Part of the guarantee of most agents is that the buyer's price? S investments will steadily grow in the coming years. Within a few years, they can make a lot of money.
