LHC Real Estate

[River Lynchmob]

Is it just me or are the home prices going crazy up there?

 

[shintoooo]

Home prices are going up crazy all over the country.

 

[LargeOrangeFont]

This is starting to sound like the new diesel truck threads.

 

[rvrrun]

I havn't done much shopping in LHC, but the ones I have looked at seem high. I know my father in law over paid for his last year (and he knows it too), but he got exactly what he wanted. We've been looking in the keys and price seem to have gone up since we started two years ago.

 

[mjc]

I have been looking at condos in havasu and I see them with new price in the add and it is an increase.

 

[River Lynchmob]

Home prices are going up crazy all over the country.

Having a hard time giving my place in Seal away.

There is a 2400 sq ft place with a 70 deep moho garage and nice back yard with a pool...its a new build and they want $700k.

Another one 1900 square feet 60 deep moho garage and the back yard has zero done to it for $400k.

Another one by the golf course 2200 sq ft 67 deep moho garage with nothing done to the back yard for $550k

Then a 4100 foot place built in 2011 with a nice back yard moto garage for $979k

And what is it that houses don't have walk in closets...am I the only one that bugs?

 

[SummitKarl]

New home construction is definitely on the rise, most of the spec homes are delivering up to $100k or more profit.
3bdr 2.5ba 2k sqft RV your about $350k-ish in (with lot) and your about $440 - $460k out and they are selling well within 30 days of listing if not sold at framing
the market is hot...very hot, I would expect it to continue and get better through this years snowbird season
City building department is continuing it's 1 new Residential Single Family permit per day average for well over a year now and the numbers are actually steady at about 28-34 new RSF permits per month.

I have a low cost housing projects going on the south side (20- duplexes) but as soon as word got out the renters started lining up before the plans are even done

Commercial is also busy at a steady pace with 4 new restaurants and several major remodels

I can't predict the future but the next 6-9 months look good unless something scares the banks

 

[Ziggy]

 

[BHC Vic]

If prices keep going up in selling our place and sitting on the money till it corrects [emoji4]

 

[LargeOrangeFont]

New home construction is definitely on the rise, most of the spec homes are delivering up to $100k or more profit.
3bdr 2.5ba 2k sqft RV your about $350k-ish in (with lot) and your about $440 - $460k out and they are selling well within 30 days of listing if not sold at framing
the market is hot...very hot, I would expect it to continue and get better through this years snowbird season
City building department is continuing it's 1 new Residential Single Family permit per day average for well over a year now and the numbers are actually steady at about 28-34 new RSF permits per month.

I have a low cost housing projects going on the south side (20- duplexes) but as soon as word got out the renters started lining up before the plans are even done

Commercial is also busy at a steady pace with 4 new restaurants and several major remodels

I can't predict the future but the next 6-9 months look good unless something scares the banks

:yikes Wow. Can "a person" get the house build for that same ~$350K ish price? Or do you have to be a developer etc.?

 

[BHC Vic]

:yikes Wow. I'm in the wrong business.

You get the rental?

 

[2Driver]

How are riverfront deeded homes along the river doing?

 

[RodnJen]

Yes, prices are going up but I think there is a ton of inventory that would meet the needs you laid out. Now, if you factor in schools, neighborhood quality, launch access, then things get tighter.

 

[LargeOrangeFont]

You get the rental?

Yea it is closing soon.

 

[Rajobigguy]

It seems like every ones house in Havasu has gone up a good 30% in the last couple of years. Every one's except mine that is.:grumble:

 

[LargeOrangeFont]

It seems like every ones house in Havasu has gone up a good 30% in the last couple of years. Every one's except mine that is.:grumble:

I was thinking the same thing lol. Mine has gone up some though.

 

[River Lynchmob]

If prices keep going up in selling our place and sitting on the money till it corrects [emoji4]

This is what I'm thinking as well.

 

[shintoooo]

I think you have to wait until after the elections to see what's going to happen. In my opinion, if Trump is elected, there will be a correction in the stock market and real estate prices. If Hillary is elected, both markets will continue to go up and then you'll see an even larger crash down the line.

 

[Ziggy]

Yes, prices are going up but I think there is a ton of inventory that would meet the needs you laid out. Now, if you factor in schools, neighborhood quality, launch access, then things get tighter.

Sitting in my Havasu backyard I can see at least 3 homes for sale.......

 

[YoPengo]

What is the average price/sf in Havasu?

 

[SummitKarl]

:yikes Wow. Can "a person" get the house build for that same ~$350K ish price? Or do you have to be a developer etc.?

nope I can do that all day long for you, $350k ish in and $450K ish out in six months (as long as the market holds), been turning that for over a year now one after the other

 

[Cole Trickle]

View attachment 514120

yep....We didn't learn anything from the last go around. Prices are back to what they were at the peak of 05/06 in a lot of areas.

My clients are refinancing there homes like crazy and adding pools, remodeling,paying off CC debt etc....

I'm having flash backs...

 

[River Lynchmob]

yep....We didn't learn anything from the last go around. Prices are back to what they were at the peak of 05/06 in a lot of areas.

My clients are refinancing there homes like crazy and adding pools, remodeling,paying off CC debt etc....

I'm having flash backs...

People never learn

 

[TCHB]

The difference I see today is that people can afford the house. Lots of people moving out of the big cities to retire here in Havasu.


I talk to a lot of people on the golf coarse and I hear the same story. Moving out of the big city to retire in a smaller town with no traffic and lots to do.

 

[BHC Vic]

The difference I see today is that people can afford the house. Lots of people moving out of the big cities to retire here in Havasu.


I talk to a lot of people on the golf coarse and I hear the same story. Moving out of the big city to retire in a smaller town with no traffic and lots to do.

Yup I'm seeing it a lot. Cash out in Cali and take your money somewhere nice

 

[Ziggy]

The difference I see today is that people can afford the house. Lots of people moving out of the big cities to retire here in Havasu.


I talk to a lot of people on the golf coarse and I hear the same story. Moving out of the big city to retire in a smaller town with no traffic and lots to do.

Some friends sold their Ca home and just bought a golf course lot and plan to build sometime in the future.
He's gonna hate my big hook drives

 

[Dettom]

Yup I'm seeing it a lot. Cash out in Cali and take your money somewhere nice

I put my south side house up for sale Monday a week ago. I got a buyer in three days. Got my house in California for sale too, a week ago. We found our dream home in Havasu and will be living there fulltime in a few weeks. All indications are, the market is pretty hot.

 

[SummitKarl]

yep....We didn't learn anything from the last go around. Prices are back to what they were at the peak of 05/06 in a lot of areas.

My clients are refinancing there homes like crazy and adding pools, remodeling,paying off CC debt etc....

I'm having flash backs...

funny everyone out here that is in the biz is building one at a time taking the money and paying stuff off, no one wants to get caught up in that mess again. so it's cautious and conservative moves when one closes escrow..THEN you buy the next lot and start the next build.

 

[Cole Trickle]

funny everyone out here that is in the biz is building one at a time taking the money and paying stuff off, no one wants to get caught up in that mess again. so it's cautious and conservative moves when one closes escrow..THEN you buy the next lot and start the next build.

Better to make 75K than to loose 4x that like the last go around.

Keep banking the profits until you can pay cash for the deals and than it's gravy.....slow and steady wins the race

 

[HB2Havasu]

Don't worry. Housing & Stock prices will start coming down when the Fed raises interest rates in November after the election. Should get interesting! Stay tuned.

 

[Heylam]

Having a hard time giving my place in Seal away.

I guarantee, long term you will regret ever selling your house in Seal Beach, and you'll never be able to get back there.

 

[HgH Vltg]

yep....We didn't learn anything from the last go around. Prices are back to what they were at the peak of 05/06 in a lot of areas.

My clients are refinancing there homes like crazy and adding pools, remodeling,paying off CC debt etc....

I'm having flash backs...

I refi'd and didn't take anything out. Brought my rate down a bit, and brought my payment to a level where I could work at mcdonalds and still afford my house.

 

[Bobby V]

I guarantee, long term you will regret ever selling your house in Seal Beach, and you'll never be able to get back there.

He built the house when he was single. A wife and 2 kids changes everything.

 

[River Lynchmob]

I guarantee, long term you will regret ever selling your house in Seal Beach, and you'll never be able to get back there.

We have 2 boys under two right now. I love the house the neighborhood and everything about it. The house is not good for small kids (I built it as a bachelor). Will I regret selling it...maybe but we will not be in CA for the long haul so we will be selling it at some point. If in the future we decide we want to move back its a bridge we will cross then.

 

[Cole Trickle]

I refi'd and didn't take anything out. Brought my rate down a bit, and brought my payment to a level where I could work at mcdonalds and still afford my house.

If you can ref the 20 years left into a 15 at a better % rate I say go for it.

Most people just don't get it and even if there not taking $$ out they are refinancing that 20 to a 30 for a cheaper payment.

 

[Andy01]

It is crazy to see where the market is out there. Unbelievable really, compared to where it was just three years ago.

Like Karl said, get a lot and he can get you plans. Karl can find a builder for your build as well. Why buy a spec house when you can build your own. Get Karl involved right out of the gate so he can look your lot choices over before you buy, you don't want to buy the wrong lot and then have your money tied up until you resell it. I would only build a house now to rent or flip, seems like a huge bubble out there. It will correct after all of the baby boomers retire there or the economy slows down here. When it corrects who knows how bad it will correct. Buyer beware in my opinion. But I'd make Karl my first call if looking at a move or purchase. Then call Stacy second for a lot.

 

[RiverDave]

Is it just me or are the home prices going crazy up there?

Things are up over 30% from when we bought 5 1/2 years ago.

Having a hard time giving my place in Seal away.

There is a 2400 sq ft place with a 70 deep moho garage and nice back yard with a pool...its a new build and they want $700k.

Another one 1900 square feet 60 deep moho garage and the back yard has zero done to it for $400k.

Another one by the golf course 2200 sq ft 67 deep moho garage with nothing done to the back yard for $550k

Then a 4100 foot place built in 2011 with a nice back yard moto garage for $979k

And what is it that houses don't have walk in closets...am I the only one that bugs?

The first house must be really freakin nice to pull that kinda dough.. The second and third houses seem about right, the fourth house must be gangster as well.

My house is 1995 Sq Ft / 4 Bdrm 3 1/2 bath / 52 x 22' RV / Pool / Spa / Lake View etc.. and I'd guess it to be around 450 right now. If we put in Granite and a few other things more. built in 2010 or 2011 (can't remember which). For reference we bought it for 320.00

I guarantee, long term you will regret ever selling your house in Seal Beach, and you'll never be able to get back there.

I disagree completely.. I don't know anybody that has moved from CA to LHC and said they want to go back. Making money out here is a bitch though so you better have a plan for that.

RD

 

[RiverDave]

It is crazy to see where the market is out there. Unbelievable really, compared to where it was just three years ago.

Like Karl said, get a lot and he can get you plans. Karl can find a builder for your build as well. Why buy a spec house when you can build your own. Get Karl involved right out of the gate so he can look your lot choices over before you buy, you don't want to buy the wrong lot and then have your money tied up until you resell it. I would only build a house now to rent or flip, seems like a huge bubble out there. It will correct after all of the baby boomers retire there or the economy slows down here. When it corrects who knows how bad it will correct. Buy beware in my opinion. But I'd make Karl my first call if looking at a move or purchase. Then call Stacey second for a lot.

Stacy is looking for lots for a couple of members right now to build on.

RD

 

[SummitKarl]

Better to make 75K than to loose 4x that like the last go around.

Keep banking the profits until you can pay cash for the deals and than it's gravy.....slow and steady wins the race

even easier, pay cash for the lot, sign it over to the bank and use the banks money for the construction loan

 

[Ziggy]

I don't know anybody that has moved from CA to LHC and said they want to go back.

RD

Phebus

 

[Andy01]

Phebus

There's been a couple of people that moved and ran out of money or got wrapped up in the drama of the small town. Hated it and split.

 

[RiverDave]

Phebus

From what I understand there was some extenuating circumstances there..


I'm not saying there isn't people that haven't moved back.. but Quality of life & Community is considerably better out here.

RD

 

[SummitKarl]

It is crazy to see where the market is out there. Unbelievable really, compared to where it was just three years ago.

Like Karl said, get a lot and he can get you plans. Karl can find a builder for your build as well. Why buy a spec house when you can build your own. Get Karl involved right out of the gate so he can look your lot choices over before you buy, you don't want to buy the wrong lot and then have your money tied up until you resell it. I would only build a house now to rent or flip, seems like a huge bubble out there. It will correct after all of the baby boomers retire there or the economy slows down here. When it corrects who knows how bad it will correct. Buyer beware in my opinion. But I'd make Karl my first call if looking at a move or purchase. Then call Stacy second for a lot.

Thank you Andy, It's posts like this is why I work the way I do. Tell your customer the ups and downs even if it means not getting the job, but when you do get the job go to bat for them and get the best price you can. Advertising means nothing in this Biz and after nearly 20 years in it in Havasu, absolutely nothing means more then the Word of Mouth referrals :thumbsup

 

[Ziggy]

From what I understand there was some extenuating circumstances there..



RD

Very true, sadly so too.

 

[WildWilly]

I thought it was just me. I started looking end of last year in preparation to buy this year. Sadly, I think I've missed my window now. Some of the same houses (comporable) that I looked at 10 months ago are up 10+% and its put them just out of my reach for what I was looking for in a 2nd home. The goal was to retire here in about 15 years but buy it now and use it as a vacay home and maybe do the snowbird thing. I am just not comfortable now at the payment I'd need to get what I want in a long term home.

 

[Cole Trickle]

I thought it was just me. I started looking end of last year in preparation to buy this year. Sadly, I think I've missed my window now. Some of the same houses (comporable) that I looked at 10 months ago are up 10+% and its put them just out of my reach for what I was looking for in a 2nd home. The goal was to retire here in about 15 years but buy it now and use it as a vacay home and maybe do the snowbird thing. I am just not comfortable now at the payment I'd need to get what I want in a long term home.

It took a while to rebound But I would say Havasu has absolutely gone crazy price wise in the last 2.5 years.

I have no idea when it will slow but I'm not sure this is the time to jump in the game as an investment.

 

[River Lynchmob]

John, didn't you put an offer down on a beautiful home in Canyon lake awhile back? I think I remember the thread about it? And when I asked you about moving to Havasu, I thought you said your dad was looking for a home in havi? What happened to the C.L home?

We did and the purchase of that home was contingent on selling our home in Seal, The house is still for sale and so is ours. I wouldn't mind get out of So Cal...though like I said earlier I LOVE Seal Beach it just sucks when I leave Seal. My wife has a lot of family in CL and it is a really cool area as well. If the house we were looking at in CL sells then we will pull ours off the market and reevaluate and go from there. I wouldn't mind Havasu...my concerns out there are my kids and it being a somewhat small town having them fall into the things that go on in small towns (I know people will say as long as you raise them right etc.). My other concern are the schools...to be honest I have not done a ton of research on the schools up there but I have read how they have a hard time keeping teachers up there and have the money for general maintenance etc. My main concern is doing what is best for my family not what I think will be the most fun. Everything will work out the way it is supposed to...that I believe.

My dad is/was/is looking up there. My folks have their house for sale in So Cal and he is kind of waiting to see how that pans out. My mom spends about half the year in Park City so they are kind of weighing their options. Time will tell.

 

[Dirtbag]

We just bought a place in LHC a few months ago. House was on market less than a week.

1550 sq ft.
Huge backyard of rocks
Nice landscaped front yard with rocks and palms
50 ft deep 3 car garage
RV hookups on side of house.
Lake views from front and back yards
3bed 2 bath big kitchen no granite.
House was total turnkey barely lived in
We paid 253k

SummitKarl you will have a pm in a few. We are interested building and investing in havasu.

 

[LargeOrangeFont]

It took a while to rebound But I would say Havasu has absolutely gone crazy price wise in the last 2.5 years.

I have no idea when it will slow but I'm not sure this is the time to jump in the game as an investment.

We will see.. I think I might have squeaked in a a pretty good deal thanks to Paul65K!


I'm glad we pulled the trigger on our place a few years ago though.

 

[Bobby V]

I disagree completely.. I don't know anybody that has moved from CA to LHC and said they want to go back. Making money out here is a bitch though so you better have a plan for that.

RD

Kilrtoy and Phebus. Rick once told me moving to Havasu was a mistake. It took away his vacation home and the fun ran out.