SF Sales Volume: $18,536,999
Total Number of Homes Sold: 84
Average List Price: $231,711
Average Selling Price: $220,679
Average Days on Market: 132
Present-Day Inventory: 1257
Average List Price: $373,103
Average Days on the Market: 174
Testimonials
Mike,
Thank
you so much for all your help in building our home.
We really appreciate all you did for us. Next time
we need a Lake Havasu Realtor, we will definately give you a
call!
The allure of Lake Havasu City is abundant with over one million visitors bringing in over $100 million dollars in revenue each year to Havasu's growing economy. With the London Bridge and the English Village sitting in the middle of a multimillion dollar resort and shop complex, it's no wonder that tourism is a huge drive to Lake Havasu City's economy. And, as the city council continues to work tirelessly to make Lake Havasu a better city to live and invest in, it is expected over the years to come to only get better and better.
Lake Havasu City has a plethora of beautiful lots prime for the building.
Lake Havasu City's Current Economy Data
POPULATION
1990
2000
2005
Lake Havasu City
24,363
41,938
53,435
Mohave County
93,497
155,032
188,035
LAKE HAVASU CITY LABOR FORCE DATA
1990
2000
2005
Civilian Labor Force
12,484
18,531
23,604
Unemployed
335
603
702
Unemployment Rate
2.7%
3.3%
3.0%
GROWTH INDICATORS
1990
2000
2005
New Building Permits
2,172
1,692
2,993
Taxable Sales
301.1 mil
591.2 mil
973.4 mil
PROPERTY TAX RATE*
1990
2000
2005
Unified School District
6.07
4.97
4.70
City
0.10
0.84
0.80
County
4.82
4.19
4.14
Total
$10.99
$10.00
9.64
RETAIL SALES TAX
Arizona has a 5.6% state sales tax, exempting food and drugs. Mohave County imposes a 0.25% tax. Lake Havasu City imposes a 2% sales tax, a transient rental bed tax of 3%, and a 1% restaurant and bar tax.
*Note: Property tax in Arizona is based on assessed valuation, which is 10 percent of market value for residential property. Average tax rate on homes in Arizona before exemptions and rebates is 1.3% of market value.
COMMUNICATIONS
In addition to communication resources from the rest of the state, Lake Havasu City has a daily newspaper, Today’s News-Herald, several radio stations and television stations. Television stations are available through UHF, cable and satellite. There are several cellular phone companies available in addition to the local phone company.
FINANCIAL
There are several financial institutions with branch locations throughout Lake Havasu City. Further, Lake Havasu City businesses are eligible for assistance in financing fixed assets through the Finance and Administration Division, of the Arizona Department of Commerce. The Partnership for Economic Development also offers a Loan Enhancement program for qualifying businesses.
AIRPORT
Lake Havasu City has a Municipal Airport.
INDUSTRIAL PROPERTIES
The Central Business Park has approximately 20 acres remaining available for light manufacturing. Approximately 200 acres of city-owned property, adjoining the airport is undergoing master planning.
LODGING AND MEETING FACILITIES
There are 32 hotels/motels/condos with approximately 1,989 units (includes short term apartment/condo rentals) numerous meeting facilities with capacities for up to 1,000. One convention center, several mobile home parks, and three campgrounds.
The New Lake Havasu City Mall Project
The Lake Havasu City Mall project aptly named "The Centre" is a 270 acre master-planned retail or commercial, mixed use development and is built under the Power Center, regional mall concept. Located across from the airport at the northern gateway of Lake Havasu City right next to Home Depot, this stellar project is exposed to almost 2 miles of highway frontage of the 95 State Highway. The Lake Havasu Mall project offers the largest assembly of large retail or commercial parcels available in the region, and this makes the Havasu Mall an ideal location for your companies' expansion and/or relocation to this beautiful area.
The Grand Island Estates Project on the Island in Lake Havasu City
The Grand Island Estates project on the island of Lake Havasu City offers island living at its finest. Seconds away from the hottest attraction in Arizona, the Lake Havasu London Bridge, you will find an epicenter of activities such as the famous channel, Kokomo's night club, Javelin's Cantina, and Martini Bay, along with the best shopping in Havasu, and it's right on the water. Currently there are three premier Grand Island Estate communities to choose from Sienna Villas, Monacello, and Toscana which are gated and feature greenbelts and landscaped pocket parks. Each Grand Island Estate community is conviniently located near boat launches and golf courses to ensure plenty of accesible activity options.
Checkout these other reasons that people are buying in Lake Havasu City, Arizona
