Torrey-Turner-Havasu Foothills Estates-September 2020

TORREY TURNER REALTOR®

HAVASU FOOTHILLS ESTATES

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

928.846.4629 torreyapturner@gmail.com www.HavasuFoothillsLiving.com T E F O R LU

SEPTEMBER 2020 REAL ESTATE MARKET REPORT

X

O

M

G

IN

RY

S

TU

U

Follow me on:

TI

H

• Proud Havasu Foothills Estates Homeowner • Licensed Realtor • Court Appointed Special Advocate (CASA) Volunteer for Children • Certified Paralegal • Registered Patent Agent

www.HavasuFoothillsLiving.com

E M TI ARKE

N

@TorreyTurnerProperties

COMPARING 2020 TO 2008 ARE THEY DIFFERENT? COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market. © Gary Meyers

Inventory and Appreciation

12.5%

In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash.

8.5% 8.7%

8.6% 6.5%

4.4%

Total Home Equity Cashed Out

5.2% 5.5%

6.4% 4.8%

4.7%

The 6 Years Leading up to The Housing Crash

The Last 6 Years

2000 2001 2002 2003 2004 2005

2014 2015 2016 2017 2018 2019

Use of Home Equity

by Refinance in Billions Source: Freddie Mac

Source: Black Knight

11.4%

The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.

Then...

© Gary Meyers

Annual Home Price Appreciation

Now...

Year

Dollars

Year

Dollars

2005

$263B

2017

$71B

2006

$321B

2018

$87B

2007

$240B

2019

$89B

Total

$824B

Total

$247B

Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth.

© Gary Meyers

© Gary Meyers

This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.

PRESENTED BY TORREY TURNER Jonathan and Angela-Marie, Now is a great time to sell your home! Interest rates are still extremely low, and I employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call me today at 928.846.4629.

Source: www.watersongmortgage.com

Your Havasu Foothills Estates Real Estate Specialist & Neighbor

PREPARED ESPECIALLY FOR JONATHAN AND ANGELA-MARIE WILLIAMS

HAVASU FOOTHILLS ESTATES

TORREY TURNER REALTOR®

928.846.4629

REAL ESTATE MARKET REPORT

TU

T E F O R LU

M

G

IN

RY

O

HOMES CURRENTLY LISTED IN HAVASU FOOTHILLS ESTATES

X U

Follow me on:

TI

H

• Proud Havasu Foothills Estates Homeowner • Licensed Realtor • Court Appointed Special Advocate (CASA) Volunteer for Children • Certified Paralegal • Registered Patent Agent

S

torreyapturner@gmail.com www.HavasuFoothillsLiving.com

E M T ARKE

IN

ADDRESS

Look Forward to Coming Home

@TorreyTurnerProperties

2020 SUCCESSFUL SALES BY TORREY! SOLD!

BEDS

7040 Circula De Hacienda 1011 Avienda Del Sol 6995 Avienda De Los Foothills 7091 Circula De Hacienda 6620 Avienda Desierto Verde 7041 Avienda Tierra Vista 1011 Corte Piedra

3 2 3 4 4 5 5

2,600 2,500 2,400 3,000 2,200 2,700 3,100

No Yes Yes Yes Yes Yes Yes

No No Yes No Yes Yes No

CASITA

LIST PRICE

DOM

No No No Yes No Yes Yes

$664,999 $725,000 $879,000 $975,000 $1,195,000 $1,299,000 $1,350,000

72 63 224 116 39 0 48

COURTESY OF

Brooks-Clark And Assoc.

1st Continental Realty And Investment Realty One Group Mountain Desert-Lh Realty One Group Mountain Desert-Lh Keller Williams Arizona Living Realty Realty Executives Lake Havasu City Realty One Group Mountain Desert-Lh

THERE ARE 6 HOMES CURRENTLY PENDING IN HAVASU FOOTHILLS ESTATES. For more information on these homes, contact me today at 928.846.4629.

HOMES SOLD IN THE LAST 6 MONTHS IN HAVASU FOOTHILLS ESTATES

SOLD! ADDRESS

7071 AVIENDA TIERRA VISTA

1031 CORTE ESTRELLA

5 Beds | 4 Baths | 3,644 Est. Sq. Ft. Represented Seller

0.63 Acre | Tucked away in a Private Cul-de-sac Represented Buyer

SOLD!

BATHS EST. SQ. FT.* POOL RV GARAGE

3 4 3 3 3 4 4

6030 Circula De Hacienda 1031 Corte Cabrillo 8030 Circula De Hacienda 6878 Avienda De Los Foothills 6708 Calle Del Sol 6874 Avienda De Los Foothills 7021 Circula De Hacienda 4050 Avienda Del Sol 1051 Avienda Del Sol 4051 Avienda Del Sol 3021 Circula De Hacienda 3090 Avienda Del Sol 7071 Circula De Hacienda 1081 Avienda Del Sol

BEDS

TOTAL BATHS

EST. SQ. FT.*

POOL

3 3 3 3 3 3 3 3 4 3 4 4 5 5

2 2 4 3 4 3 3 4 5 4 5 7 5 6

1,700 1,900 2,600 2,000 2,300 2,300 2,200 2,500 3,000 2,000 3,600 3,200 3,200 3,400

No No No No No No No No Yes Yes No Yes Yes Yes

RV GARAGE

CASITA

Yes No No No Yes No Yes - Double No Yes - Double No Yes - Double No Yes - Double No Yes - Double No No Yes Yes No Yes Yes Yes No Yes - Double Yes Yes - Double Yes - Double

LIST PRICE

SOLD PRICE

DOM

$559,900 $675,000 $699,000 $725,000 $749,900 $765,000 $799,900 $860,000 $999,900 $1,050,000 $1,149,900 $1,427,260 $1,499,000 $1,800,000

$545,000 $650,000 $660,000 $725,000 $749,000 $765,000 $805,000 $830,000 $895,000 $1,050,000 $1,000,000 $1,427,260 $1,450,000 $1,525,000

385 94 382 0 245 NA 1 198 8 218 259 NA 6 27

SOLD!

LOTS CURRENTLY LISTED IN HAVASU FOOTHILLS ESTATES ADDRESS

3010 Avienda Del Sol 1010 Circula De Hacienda 7020 Circula De Hacienda 1000 Plaza Estrella 991 Avienda Del Sol

1081 AVIENDA DEL SOL

1031 CORTE CABRILLO

5 Beds | 6 Baths | 3,370 Est. Sq. Ft. Represented Seller

3 Beds | 2 Baths | 1,935 Est. Sq. Ft. Represented the Seller and Buyer

90’ x 120’ Level Building Pad | Beautiful Views Represented Buyer

LIST PRICE

DOM

0.65 2.52 0.50 0.59 0.49

$225,000 $750,000 $279,900 $309,000 $159,000

22 85 236 412 839

COURTESY OF

RE/MAX By The Lake Realty One Group Mountain Desert Realty One Group Mountain Desert-Lh Realty One Group Mountain Desert-Lh Realty One Group Mountain Desert-Lh

THERE ARE 9 LOTS CURRENTLY PENDING IN HAVASU FOOTHILLS ESTATES. Call me about homesites available in Havasu Foothills Estates. Lot prices range from $109,900 to $390,000.

SOLD!

6627 AVIENDA DESIERTO VERDE

ACRES

LOTS SOLD IN THE LAST 6 MONTHS IN HAVASU FOOTHILLS ESTATES

Jonathan and Angela-Marie, Thinking of selling your home? Havasu Foothill Estates homes deserve exceptional listing service, marketing savvy, and negotiation expertise that result in a successful sale. Get started today. Call me at 928.846.4629 for a confidential discussion.

ADDRESS

980 Avienda Del Sol 2050 Circula De Hacienda 6756 Avienda De Los Foothills 2060 Circula De Hacienda 1001 Avienda Del Sol 6885 Avienda De Los Foothills 1031 Corte Estrella 2030 Circula De Hacienda 3010 Avienda Del Sol

ACRES

LIST PRICE

SOLD PRICE

DOM

0.65 1.82 0.34 1.25 0.53 0.30 0.63 1.87 0.66

$429,900 $254,900 $169,900 $379,900 $215,000 $109,900 $209,900 $139,000 $159,000

$429,000 $215,000 $165,000 $355,000 $206,995 $107,500 $206,000 $125,000 $155,000

0 31 127 191 279 399 528 630 948

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. ©2020. 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 January 14th, 2020 through August 14th, 2020. 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.