Monthly Sales Report
JANUARY PERFORMANCE
Residential (Includes: Condo, Single Family, Mobile)
The year started off with a bang. We crushed the numbers of the same time 2009 by a 30% increase in sales year over year. Sale price in this category is down 15% and this is the number to watch as we ended December 2009 24% down in sale price over 2008 so we are trending back to recovery of our pricing. If you are planning to sell the average days on the market is 149 in this category. One category is holding a price increase according to the banks and that is a newer 3 car garage home. We used to find these right under $200,000 and now they are right above that mark again for the most part.
Vacant Land
You know how I have been telling you this category sells slowly and we are selling about 7 a month? Well watch out here too because we sold 22 of them in January and this was a 214% increase over January 2009. Building is back! Willie and I sold 2 of our lots listed last month and we are getting activity on the others. The average sale price is down in this category year over year for January by 25% and that probably won’t increase. For the most part unless the lot is outstanding the new price to be if you want to sell is under $50,000. These are the lots that are making building affordable again.
Commercial
This category is up 300% over January 2009. Someone told me that in one week we had 69 new students register for high school here. I think we are digging out of the recession and people are moving their business back to Havasu.
Multi-Family
This was another sleeper category last year and it also picked up in January. Average sale price here was down for 2009 over 2008 by 33% but we climbed up to only an 18% decrease in this volume for January. These are pricing good and the days on the market is only 79 here. If you want a muti-family property be prepared to act fast. This trend changed overnight.
Totals for January
Overall sold is 150 and a 53% increase over January 2008. Average sales price is down for all categories combined by 20% over 2009 same time frame. Our list to sell ratio is 95%. A full 61% of buyers last month paid cash!
Reminder: Make sure you are prepared to buy when you find your home. You must know your financial situation and have your loan pre-approval in hand if you are getting a loan. You cannot compete with a cash buyer unless you have your loan together and know exactly what your approved price range is. This means a credit check and preapproval. Any delay hurt your chance to get your property in this highly competitive market.
AND Don't forget to call the G Force of Havasu when you are ready to buy!
