The activity level of the Lake Havasu City Real Estate Market is staying at a high level. Sales are being pushed by low prices and many First Time Home Buyers taking advantage of the Government Incentive Programs.

As you can see July sales of Single Family Homes was up almost 25% over last year.

Monthly Statistics Report 07/01/2009 - 07/31/2009
Lake Havasu Association of REALTORS Compiled on August 21, 2009

07/01/2009 - 07/31/2009 Change from 05/31/2009 - 06/30/2009 07/01/2008 - 07/31/2008 Change from 07/01/2008 - 07/31/2008 to 07/01/2009 - 07/31/2009
Residential
New Listings 233 10.43% 266 -12.41%
Sold Listings 147 -2.00% 102 44.12%
Volume - Sold Listings $27,907,548 6.59% $25,412,578 9.82%
Average Sale Price $189,847 8.77% $249,143 -23.80%
High Sale Price $1,125,000 70.45% $1,200,000 -6.25%
Low Sale Price $50,000 -1.96% $63,000 -20.63%
Average Days on Market 139 6.92% 154 -9.74%

Vacant Land
New Listings 133 114.52% 84 58.33%
Sold Listings 12 0.00% 9 33.33%
Volume - Sold Listings $935,075 -3.42% $1,230,420 -24.00%
Average Sale Price $77,923 -3.42% $136,713 -43.00%
High Sale Price $168,000 -37.75% $325,000 -48.31%
Low Sale Price $23,000 -23.33% $40,000 -42.50%
Average Days on Market 124 -52.85% 215 -42.33%

Commercial
New Listings 21 -12.50% 42 -50.00%
Sold Listings 6 200.00% 5 20.00%
Volume - Sold Listings $1,846,500 195.68% $829,900 122.50%
Average Sale Price $307,750 -1.44% $165,980 85.41%
High Sale Price $900,000 50.00% $590,000 52.54%
Low Sale Price $17,000 -30.61% $27,500 -38.18%
Average Days on Market 305 113.29% 332 -8.13%

Multi-Family
New Listings 14 -12.50% 12 16.67%
Sold Listings 3 -40.00% 2 50.00%
Volume - Sold Listings $381,000 -50.42% $440,000 -13.41%
Average Sale Price $127,000 -17.36% $220,000 -42.27%
High Sale Price $130,000 -33.98% $225,000 -42.22%
Low Sale Price $125,000 19.05% $215,000 -41.86%
Average Days on Market 181 13.84% 69 162.32%

Rental
New Listings 4 -42.86% 0 N/A
Sold Listings 0 N/A 0 N/A
Volume - Sold Listings $0 N/A $0 N/A
Average Sale Price $0 N/A $0 N/A
High Sale Price $0 N/A $0 N/A
Low Sale Price $0 N/A $0 N/A
Average Days on Market 0 N/A 0 N/A

Total
New Listings 405 26.56% 404 0.25%
Sold Listings 168 -0.59% 118 42.37%
Volume - Sold Listings $31,070,123 8.85% $27,912,898 11.31%
Average Sale Price $184,941 9.50% $236,550 -21.82%
High Sale Price $1,125,000 70.45% $1,200,000 -6.25%
Low Sale Price $17,000 -30.61% $27,500 -38.18%
Average Days on Market 145 3.57% 165 -12.12%

ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED

Residents might notice a few parking changes in Lake Havasu City in the coming weeks.
This is because of some approved changes to the city’s parking standards.
At the Aug. 11 City Council meeting, city staff requested the council vote to amend those standards. The council approved.
Included among these changes, are several new recreational vehicle standards.
The new standards eliminate the requirements for RV parking within multi-family residential developments.
City Planner Dan Kassik says the changes add some flexibility to the city’s existing standards.
He said in multi-family residential areas, such as a triplex or apartment complex, the RV spaces were rarely being used for that purpose. The city’s Planning & Zoning Commission had determined there was no reason to set a minimum mandatory 10 percent requirement for RVs any longer.This does not mean residents can’t park their RVs in multi-family residential zoning areas. It creates more space for regular parking, he said.
The standards for RV parking-space sizes have changed from 12-inch by 40-inch to 10-inch by 36-inch or any 360-square-foot area within commercial developments.
Each development must provide no more than 5 percent of its total required parking to motorcycle and small vehicles. The individual spaces must be 5-inches by 12-inches in size.
Public parking leases could allow for additional revenue for the city. Kassik said the lease allows businesses to meet the required amount of parking by leasing public spaces or lots from the city for additional parking spaces.
Kassik said the city hasn’t determined how much additional revenue the lease agreements could accrue, because each would be on a case-by-case basis.
Parking structure heights are now not to exceed 48 feet or the maximum height requirements allowed in a particular zoning district.
A transit improvement section added to the city’s development code does not mean mandatory improvements, Kassik said. It only allows for improvements in the future to bus pullouts, pads, shelters and other facilities in multi-family residential and commercial developments along planned transit routes.
Transportation demand management programs, such as carpooling, are what the city might also look toward in the future.
For instance, Kassik said a business could reduce their required parking spaces by showing proof of carpooling employees or ride sharing.
Transportation demand management programs are included in the new set of standards.
Businesses could provide bicycle parking spaces to reduce the number of parking spaces required. However, Kassik said there are a number of criteria for this type of parking.
“People just can’t stick up a sign that says bicycle parking,” he said.
A minimum of six bike parking spaces would be required with bike racks. This could eliminate two regular parking spaces.

Today’s News Herald
By Tony Waggoner
Wednesday, August 19, 2009

Mother nature has taken care of the Dead Fish situation on Lake Havasu. The Koi Virus has run its course and the Lake is back to normal.

When we have been enjoying the Lake during the past three weeks, we have not seen any Dead Fish. Talking with others who are frequently on the water in other areas of the lake, also report the same clear conditions.

Happy Boating!