Home Sellers Make Huge Profits in Lake Havasu City, AZ | Arizona

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Home values ​​are increasing at historic rates in the United States. The median home price hit an all-time high of $ 310,500 in the third quarter of 2021, up 16% from the same period a year earlier, according to ATTOM data solutions, a provider of real estate and real estate data.

Soaring home values ​​are in part the product of growing demand, fueled in part by low mortgage rates. These conditions created a seller’s market unlike anything seen in recent memory. Nationally, the profit margin – the change between purchase and resale prices – on median-priced single-family homes sold in the third quarter was 47.6%, which equates to a profit of $ 100,178 . In many cities across the country, third-quarter profit margins largely eclipsed the national median.

In Arizona’s Lake Havasu City-Kingman metropolitan area, the sale of a typical home in the third quarter of 2021 generated a profit of 72.1% for the seller – the eighth highest profit margin among metropolitan areas American considered. In dollar terms, the typical house in the area sold for $ 129,907 more than it had bought.

As is the case nationally, the region’s high profit margins have been fueled by a historic increase in home values. The typical Lake Havasu City-Kingman metro area home sold for $ 310,000 in the third quarter of 2021, up 8.5% from the median sale price of $ 285,800 the previous quarter and 17 % from median third quarter selling price of $ 265,000. from 2020.

All data in this story was provided by ATTOM Data Solutions. All US metropolitan areas with at least 200,000 residents and at least 1,000 single-family home and condo sales in the third quarter of 2021 were included.

Rank subway station Median home sales profit, Q3 2021 (%) Median residential sales profit, Q3 2021 ($) Median Home Selling Price, Q3 2021 ($)
1 City of Boise, ID 130.3 251,989 445 313
2 Bellingham, WA 105.6 273,500 530,500
3 Claremont-Liban, NH-VT 93.8 136,783 281 917
4 Spokane-Spokane Valley, WA 87.7 171,001 369,000
5 Prescott, Arizona 84.7 188,000 410,000
6 Stockton-Lodi, California 80.4 225,000 504,500
7 Seattle-Tacoma-Bellevue, WA 72.8 267,500 637,100
8 Lake Havasu City-Kingman, AZ 72.1 129,907 310,000
9 Utique-Rome, NY 72.0 67,000 160,000
ten Ogden-Clearfield, Utah 71.8 176,944 425,000
11 San José-Sunnyvale-Santa Clara, California 71.0 515,000 1,240,000
12 Austin-Round Rock, Texas 70.9 192 656 465,000
13 Erie, Pennsylvania 70.5 62,000 150,000
14 Grand Rapids-Wyoming, MI 70.0 105,000 255,000
15 Port Saint Lucie, Florida 69.4 125,000 303,418
16 Kennewick-Richland, WA 68.6 152,550 375,000
17 Flint, Michigan 68.5 68,500 168,250
18 Detroit-Warren-Dearborn, MI 68.0 87,000 215,000
19 Raleigh, North Carolina 67.0 143,250 357,000
20 Reno, NV 66.7 190,000 475,000
21 Olympia-Tumwater, WA 65.9 180,742 455,000
22 Durham-Chapel Hill, North Carolina 65.2 138,500 351,000
23 Athens-Clarke County, Georgia 65.2 104,550 265,000
24 Green Bay, WI 65.0 90,600 230,000
25 Salt Lake City, Utah 64.8 180 874 459,900
26 Provo-Orem, UT 64.7 181,880 463,199
27 Manchester-Nashua, NH 63.8 150,000 385,000
28 Rochester, New York 63.8 70,100 180,000
29 San Francisco-Oakland-Hayward, California 63.6 388,000 995,000
30 Modesto, California 62.7 160,000 415,000
31 Palm Bay-Melbourne-Titusville, Florida 62.4 111,000 289,000
32 Cape Coral-Fort Myers, Florida 62.2 117,000 304,000
33 Tampa-St. Petersburg-Clearwater, Florida 62.1 114,900 300,000
34 Merced, California 62.0 138,000 365,000
35 Pittsburgh, Pennsylvania 61.9 65,000 170,000
36 Kingsport-Bristol-Bristol, TN-VA 61.8 66,700 174,700
37 Sacramento – Roseville – Arden-Arcade, CA 61.6 199,000 525,000
38 Phoenix-Mesa-Scottsdale, AZ 61.3 150 100 395 204
39 Riverside-San Bernardino-Ontario, CA 60.8 185,500 490,000
40 Scranton – Wilkes-Barre – Hazleton, Pennsylvania 60.3 53,400 142,000


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