Torrey-Turner-Havasu Foothills Estates-April 2021

TORREY TURNER REALTOR®

1971 McCulloch Blvd. N. #102 Lake Havasu City, AZ 86403

928.846.4629 torreyapturner@gmail.com www.HavasuFoothillsLiving.com

HAVASU FOOTHILLS ESTATES www.HavasuFoothillsLiving.com

• Proud Havasu Foothills Estates Homeowner • Licensed Realtor • Certified Luxury Home Marketing Specialist • Court Appointed Special Advocate

(CASA) Volunteer for Children • Certified Paralegal • Registered Patent Agent

Follow me on:

APRIL 2021 REAL ESTATE MARKET REPORT

@TorreyTurnerProperties

Torrey’s Featured listings Listed by Torrey Turner, your Havasu Foothills Estates Real Estate Expert

AVAILABLE!

AVAILABLE! © Gary Meyers

3501 HOLLISTER DRIVE | $945,000

1041 CORTE ESTRELLA | $675,000

3 Beds | 3.5 Baths | 2,300 Est. Square Feet

1.29 Acre Flat Lot on a Quiet Cul-De-Sac

PENDING!

© Gary Meyers

PENDING!

© Gary Meyers

1021 PLAZA ROCA | $895,000

2543 HILLVIEW DRIVE | $510,000

3 Beds | 2 Baths | 2,015 Est. Square Feet

3 Beds | 2 Baths | 1,404 Est. Square Feet

© Gary Meyers

PRESENTED BY TORREY TURNER Your Havasu Foothills Estates Real Estate Specialist & Neighbor

Jonathan and Angela-Marie, Whether you’re looking for an investment property or looking to relocate, upsize, or downsize, I can help achieve your goals. Call me today at 928.846.4629.

PREPARED ESPECIALLY FOR JONATHAN AND ANGELA-MARIE WILLIAMS

HAVASU FOOTHILLS ESTATES

TORREY TURNER REALTOR®

928.846.4629

REAL ESTATE MARKET REPORT

torreyapturner@gmail.com www.HavasuFoothillsLiving.com • Proud Havasu Foothills Estates Homeowner • Licensed Realtor • Certified Luxury Home Marketing Specialist • Court Appointed Special Advocate (CASA) Volunteer for Children • Certified Paralegal • Registered Patent Agent

Follow me on:

HOMES CURRENTLY LISTED IN HAVASU FOOTHILLS ESTATES

Look Forward to Coming Home

@TorreyTurnerProperties

ADDRESS

BEDS

BATHS EST. SQ. FT.* POOL RV GARAGE

CASITA

LIST PRICE

DOM

COURTESY OF

1000 Corte Tranquilla

3

4

2,400

Yes Yes - Double

No

$1,275,000

63

Keller Williams Arizona Living Realty

2061 Circula De Hacienda

6

7

6,400

Yes Yes - Double

Yes

$2,600,000

128

Selman & Assoc. - Swanson

THERE ARE 7 HOMES CURRENTLY PENDING IN HAVASU FOOTHILLS ESTATES. For more information on these homes, contact me today at 928.846.4629.

WHY EXPERTS BELIEVE WE ARE NOT FACING A REAL ESTATE BUBBLE With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble?

Experts and Realtors agree the answer is no.

BETTER REGULATIONS ON LOANS Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc/no-doc loans by borrowers lacking qualifications.

EQUITY IS GROWING QUICKLY 2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.

SUPPLY IS STILL MUCH LOWER THAN DEMAND Lack of supply has been a factor for over a decade and has only increased in the last year, creating massive shortages and dramatically increased prices.

PERMANENTLY WORKING FROM HOME COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.

NEXT GENERATION INFLUENCE Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.

BUILDERS CAN’T KEEP UP Some home builders have reported a ten-month waiting time for construction while others are using a lottery system.

HOMES SOLD IN THE LAST 3 MONTHS IN HAVASU FOOTHILLS ESTATES ADDRESS

BEDS

TOTAL BATHS

EST. SQ. FT.*

POOL

RV GARAGE

CASITA

LIST PRICE

SOLD PRICE

DOM

7091 Circula De Hacienda

3

4

3,000

Yes

No

Yes

$975,000

$950,000

206

1011 Corte Piedra

4

5

3,100

Yes

Yes

Yes

$1,249,500

$1,225,000

111

1021 Plaza La Cresta

4

4

3,000

Yes

Yes - Double

No

$1,375,000

$1,350,000

63

3090 Avenida Del Sol

4

7

3,200

Yes

Yes

No

$1,850,000

$1,730,000

0

6685 Calle Del Sol

4

5

2,800

Yes

Yes - Double

Yes

$1,895,000

$1,864,000

3

LOTS CURRENTLY LISTED IN HAVASU FOOTHILLS ESTATES ADDRESS

1041 Corte Estrella

ACRES

LIST PRICE

DOM

1.29

$675,000

18

COURTESY OF

Realty One Group Mountain Desert-Lh

THERE ARE 3 LOTS CURRENTLY PENDING IN HAVASU FOOTHILLS ESTATES. Call me about homesites available in Havasu Foothills Estates. Lot prices range from $235,000 to $695,000.

LOTS SOLD IN THE LAST 3 MONTHS IN HAVASU FOOTHILLS ESTATES When a bubble pops, nothing remains – this is opposite of the current market.

Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.

Jonathan and Angela-Marie, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate goals. Call me today at 928.846.4629 for a free consultation!

ADDRESS

ACRES

LIST PRICE

SOLD PRICE

DOM

2050 Circula De Hacienda

1.82

$389,900

$370,000

69

1020 Circula De Hacienda

0.99

$375,000

$375,000

118

5031 Circula De Hacienda

0.43

$245,000

$246,000

135

7020 Circula De Hacienda

0.5

$269,900

$255,000

384

Torrey Turner and Realty ONE Group Mountain Desert are in no way affiliated with Havasu Foothills Estates Owners Association, nor is this in any way an official advertisement or publication of Havasu Foothills Estates. Torrey Turner is not claiming that she sold the properties, or was a party to the transaction. ©2021. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Lake Havasu Association of Realtors (LHAR) for December 16th, 2020 through March 18th, 2021. Listings and sales may not be those of Realty ONE Group Mountain Desert. LHAR does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Square feet rounded to the nearest hundred.