October home sales stats in Lake Havasu

October 2009:
SOLD:  144
NEW Listings:  261
Average days on Market:  110 days
Average Sales Price:  $121,281
Median Sales Price:  $137,000

October real estate sales in Lake Havasu remained very active as prices stayed low. The aveage days on the market is decreasing and we are still seeing the majority of home sales activity being foreclosures and short sales.

– Overall home sales are are up about 39% compared to Oct. ’08.
– Average sales price has dropped about 4% from last month and an 18% drop from Oct. ’08

I expect the rest of the year to be very busy, as prices remain low and winter visitors flock to Lake Havasu City, AZ to enjoy our beautiful warm weather!

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