Lake Havasu Luxury Real Estate

The weather in Lake Havasu makes it perfect formillion.
luxury real estate properties. In most months,On the other hand, the price of golf course lots
temperature ranges from 60-120 degrees duringstarted at $129,080 in 2003. In 2004, that price
daytime and 40-50 degrees during night.increased by more than $20,000. For the past
In 1997, when the population of Lake Havasu Cityyear, the prices of such real estate properties
in Arizona was at 40,000, the luxury real estatereached its peak after the second quarter when it
industry there reached a total of 40grew to $230,000.
establishments and a total of 85 employees.Today, the real estate market has become a
Annual payrolls of these employees reached asbuyer's market. This was caused by the increase
much as $1,288 each. Real estate lessors, on thein the number of properties for sale. Builders are
other hand, reached a total of 16 establishmentsnow pressured to come up with better products.
with 22 employees.Lake Havasu has attracted more luxury real
Prices of houses located on golf courses in Lakeestate investors.
Havasu have steadily increased. In 2003, housesLuxury estate investors usually work with real
were sold for around $300,000. A year after, theestate agents to find the best properties for sale.
price increased by as much as 24%. Last year,Agents help them find the best builders. The
the prices rose some more. In the first quarter ofwhole process can last from seven months to
2005, the asking price was $440,000. Twoone year. Part of the guarantee of most agents
quarters after, it reached $470,000. The latestis that the price of the buyer?s investments will
records show that the price of houses locatedsteadily increase in years to come. They can,
along golf courses has ballooned to almost half aindeed, rake in a lot of money in a few years.