The Lake Havasu Real Estate Market is changing

March turned out to be a great month for the Lake Havasu Real Estate Market. We are noticing a shift in the numbers that can only be read in a positive light.

Our number of Lake Havasu Single Family Listing has dropped drastically to 942. This is a great sign pushing us to a more normal market.

We has 133 Residential Single Family close in the month of March. Giving us an absorption rate of just over 7 months. In a normal real estate market we want to have a 6 month supply of homes or less. This is a great sign for the Lake Havasu Real Estate Market.

Of the 133 homes sold last month, 63 were foreclosed or bank owned properties and 9 where short sales. Meaning that more than half of the homes sold where some sort of depressed sale.

These foreclosure properties are moving fast and the best deals are never on the market more than a week. Many of the best deals are going into multiple offers and for more than asking price. This shows by the average list to sell ratio ranging from 95%-97%. This means that these homes are already priced to sell. Those who think they will sweep in and offer 50% less and steal a house are sadly mistaken. There are deals to be had for a prudent buyer who watches the market carefully and quickly jumps at opportunities.

Now is the time to buy. For more market information please check out my website at www.ambercheramy.com or e-mail me at amber@brooks-clark.com