June Sales “Heated Up” the number of Homes Sold was up 9.33% over May. The market remains very active with Buyers taking advantage of the values.

Monthly Statistics Report - 06/01/2009 - 06/30/2009
Lake Havasu Association of REALTORS - Compiled on July 27, 2009
06/01/2009 - 06/30/2009 Change from
05/02/2009 - 05/31/2009 06/01/2008 - 06/30/2008 Change from
06/01/2008 - 06/30/2008 to 06/01/2009 - 06/30/2009 YTD
2009 YTD
2008 2008 - 2009
YTD
Residential
New Listings 211 9.33% 208 1.44% 1,313 1,660 -20.90%
Sold Listings 150 9.49% 98 53.06% 788 648 21.60%
Volume - Sold Listings $26,181,888 3.50% $26,064,863 0.45% $147,283,226 $168,010,802 -12.34%
Average Sale Price $174,546 -5.47% $265,968 -34.37% $186,908 $259,276 -27.91%
High Sale Price $660,000 -22.35% $1,599,000 -58.72% $1,592,525 $1,599,000 -0.40%
Low Sale Price $51,000 -7.27% $69,900 -27.04% $1,750 $47,500 -96.32%
Average Days on Market 130 -11.56% 141 -7.80% 146 156 -6.41%

Vacant Land
New Listings 61 -11.59% 49 24.49% 361 495 -27.07%
Sold Listings 12 -14.29% 8 50.00% 63 66 -4.55%
Volume - Sold Listings $968,150 -56.18% $1,160,300 -16.56% $7,435,660 $11,208,256 -33.66%
Average Sale Price $80,679 -48.88% $145,038 -44.37% $118,026 $169,822 -30.50%
High Sale Price $269,900 -77.51% $325,000 -16.95% $1,200,000 $762,300 57.42%
Low Sale Price $30,000 9.09% $55,000 -45.45% $27,500 $39,900 -31.08%
Average Days on Market 263 -26.54% 247 6.48% 278 210 32.38%

Commercial
New Listings 24 0.00% 20 20.00% 184 165 11.52%
Sold Listings 2 -66.67% 7 -71.43% 21 25 -16.00%
Volume - Sold Listings $624,500 -61.70% $1,170,500 -46.65% $3,624,560 $4,156,601 -12.80%
Average Sale Price $312,250 14.90% $167,214 86.74% $172,598 $166,264 3.81%
High Sale Price $600,000 -31.43% $599,000 0.17% $875,000 $599,000 46.08%
Low Sale Price $24,500 -2.00% $30,000 -18.33% $4,800 $26,000 -81.54%
Average Days on Market 143 -34.70% 192 -25.52% 144 237 -39.24%

Multi-Family
New Listings 16 128.57% 9 77.78% 79 63 25.40%
Sold Listings 5 N/A 2 150.00% 17 10 70.00%
Volume - Sold Listings $768,400 N/A $474,900 61.80% $3,082,200 $2,367,300 30.20%
Average Sale Price $153,680 N/A $237,450 -35.28% $181,306 $236,730 -23.41%
High Sale Price $196,900 N/A $289,900 -32.08% $500,000 $435,000 14.94%
Low Sale Price $105,000 N/A $185,000 -43.24% $77,500 $165,900 -53.29%
Average Days on Market 159 N/A 105 51.43% 121 131 -7.63%

Rental
New Listings 7 16.67% 0 N/A 29 0 N/A
Sold Listings 0 N/A 0 N/A 0 0 N/A
Volume - Sold Listings $0 N/A $0 N/A $0 $0 N/A
Average Sale Price $0 N/A $0 N/A $0 $0 N/A
High Sale Price $0 N/A $0 N/A $0 $0 N/A
Low Sale Price $0 N/A $0 N/A $0 $0 N/A
Average Days on Market 0 N/A 0 N/A 0 0 N/A

Total
New Listings 319 6.69% 286 11.54% 1,966 2,383 -17.50%
Sold Listings 169 7.64% 115 46.96% 889 749 18.69%
Volume - Sold Listings $28,542,938 -2.04% $28,870,563 -1.13% $161,425,646 $185,742,959 -13.09%
Average Sale Price $168,893 -8.99% $251,048 -32.72% $181,581 $247,988 -26.78%
High Sale Price $660,000 -45.00% $1,599,000 -58.72% $1,592,525 $1,599,000 -0.40%
Low Sale Price $24,500 -2.00% $30,000 -18.33% $1,750 $26,000 -93.27%
Average Days on Market 140 -17.16% 151 -7.28% 155 163 -4.91%
ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED

The epidemic of Koi Herpes Virus, KHV, has taken its toll on the Carp population in Lake Havasu. According to a BLM source, the number of fish killed by the virus was in the hundreds of thousands, significantly reducing the carp count in the lake. The KHV affected only the Carp, which is of the Koi species of fish.

Evidence of the epidemic is still seen here and there but nowhere near what it was during the month of June. For the past couple of weeks the number of dead fish seen has diminished to a point of only infrequent sightings.

In my opinion we are back to “normal”. The water level in the lake is high, the weather is warm – it is time to be enjoying the summer in Lake Havasu!

The weekend of July 4th in Lake Havasu was “one to remember”.  Back in March, the City Manager cut the budget and eliminated funds for our annual fireworks display.  Not to worry when you live in a town that knows what the residents like and enjoy! The local Fire Fighters rose to the challenge and began a fund raising campaign to make sure we had a fireworks display to satisfy all those celebrating here on the 4th.

The funds drive went over the top. Donations flowed in from citizens and organizations raising enough money to have a fireworks display on Friday night and a BIG celebration  in Rotary Park on Saturday with games, food, music, and an especially spectacular display over Thompson Bay the night of the 4th. The rockets soared and burst into colorful sprays for almost 30 minutes and ended with a “Grande Finale” that took your breath away!