Lake Havasu Pool Home in Havasu Foothills Estates 5050 Circula De Hacienda MLS 1031597

[@girodeitalia2259]

889.49 Nice little house

[@HavasuLew]

@@girodeitalia2259 the lot it sits on is $400-500k. Thanks for watching! www.homesearchlakehavasu.com/havasu-foothills-estates/ ~HavasuLew

[@girodeitalia2259]

@@HavasuLew I guess we'll agree to disagree, but the high and price maybe could be obtained two years ago, but going forward as you well know, properties are only worth what people are willing to pay for them in that house at the very least needs a good hundred before it's move-in ready

[@HavasuLew]

@@girodeitalia2259 i’m a straight shooter… the data is the data…That tells the real story. And you’re right… At the end of the day, if somebody is willing to pay it, and it appraises based on the sold data, then that becomes another piece of sold data to use. Keep in mind… Prices were adjusted down once interest rates went from 3% to 7% in essentially one day. Took us about six months for Sellers/market to slowly adjust down to meet those high interest rates. At that time, the market was going bonkers with only 67 total single-family homes for sale… Once that interest rate changed, buyers pulled back because they were not willing to get killed with record high prices and 7%+ interest rates at the same time. Remember… These people who were not able to buy, didn’t go away…Once interest rates go back down a little, and they will at some point, (probably not 3%) prices will increase again and more buyers will return to the market. It’s supply and demand…simple economics 101. Our market is still pretty active here and our single-family inventory is still considered pretty low with just about 350 single-family properties for sale. if you would like to follow the market conditions, you can do that on my website. Under the “sold” section, you will be able to see list to sell ratios and days on market. Just like the rest of the data on my website, it is always updated live and in real time. You can follow that here if you like. www.homesearchlakehavasu.com/lake-havasu-market-conditions/

[@girodeitalia2259]

@@HavasuLew I agree with pretty much everything you just said, but would you agree that most sellers will price their home above what they are willing to take full well knowing people are going to come in and try to knock off on a $1.5 million property in this market at least 400 and I believe that would be on a house that will pass inspection and that doesn't need a fair amount of work PS back in 2017 I bought my daughters who are attending The University Of Arizona a house in Marana I paid 229.9 and the girls insisted on brand new bathrooms, along with fresh paint and new carpet in the rooms but I would've done that anyway for that house, in late 21 my neighbor who has the same floorplan but without a pool sold his house for 429.9 and these are just little cookie cutter houses. I understand markets and supply and demand, plus I love your videos and think they're very well done and if I'm ever in your neck of the woods looking for a property, you will be the go to agent