Lake Havasu Lots
Various types of lots are being sold in Lake Havasu.
Among the most common types are residential lots and golf course lots.
At present, the size of Lake Havasu lots ranges from 10,000 square feet to 12,000 square feet.
However, some lots can still reach to about 100,000 square feet.
The average price of these lots ranges from $160,000 to $500,000.
The most common lots in Lake Havasu are single-family lots.
The price for these lots in 2003 was about $60,000.
In 2004, that price rose to $85,000.
Last year, single-family lots posted a steady increase in between quarters.
After the second quarter, it reached almost $115,000.
During the third quarter, the average selling price rose by $2,000.
After the fourth quarter, the price climbed by more than $30,000.
Some residential lots may have a higher price because of their locations.
These lots usually offer panoramic lake views.
The average selling price of these lots is $300,000.
Falling in between the prices of regular residential lots and residential lots with panoramic views are residential golf lots.
The current asking price averages about $275,000.
At present, the largest lots in Lake Havasu cover as much as 640 acres.
This community consists of more than 540 residential estates.
The said community plans to add 150 unit resorts in the near future.
As with other real estate communities, it also offers amenities such as parks and community centers.
Lake Havasu has its own regulations as to what type of properties can be built on certain lots.
Those lots which have been tagged as R-1 or residential estates could house a building provided it does not exceed 15 feet in height.
This is to preserve the panoramic view of the place and prevent it from being flooded with structures higher than the prescribed height.
There are some zones - like equestrian estates - that are allowed to reach up to 30 feet.
The real estate industry in Lake Havasu continues to grow as more people move in.
By 2007, the area will also see the completion of its first mall.
This could very well make Lake Havasu more attractive to residential buyers and investors alike.
Among the most common types are residential lots and golf course lots.
At present, the size of Lake Havasu lots ranges from 10,000 square feet to 12,000 square feet.
However, some lots can still reach to about 100,000 square feet.
The average price of these lots ranges from $160,000 to $500,000.
The most common lots in Lake Havasu are single-family lots.
The price for these lots in 2003 was about $60,000.
In 2004, that price rose to $85,000.
Last year, single-family lots posted a steady increase in between quarters.
After the second quarter, it reached almost $115,000.
During the third quarter, the average selling price rose by $2,000.
After the fourth quarter, the price climbed by more than $30,000.
Some residential lots may have a higher price because of their locations.
These lots usually offer panoramic lake views.
The average selling price of these lots is $300,000.
Falling in between the prices of regular residential lots and residential lots with panoramic views are residential golf lots.
The current asking price averages about $275,000.
At present, the largest lots in Lake Havasu cover as much as 640 acres.
This community consists of more than 540 residential estates.
The said community plans to add 150 unit resorts in the near future.
As with other real estate communities, it also offers amenities such as parks and community centers.
Lake Havasu has its own regulations as to what type of properties can be built on certain lots.
Those lots which have been tagged as R-1 or residential estates could house a building provided it does not exceed 15 feet in height.
This is to preserve the panoramic view of the place and prevent it from being flooded with structures higher than the prescribed height.
There are some zones - like equestrian estates - that are allowed to reach up to 30 feet.
The real estate industry in Lake Havasu continues to grow as more people move in.
By 2007, the area will also see the completion of its first mall.
This could very well make Lake Havasu more attractive to residential buyers and investors alike.
Source...