- Sep 4, 2015
- Reaction score
Affordability and perceived need is what I believe is driving numbers up.I haven’t read the whole thread but one trend I noticed is % wise the smaller houses gained more ground than the larger ones.. For example from 2019 till now some houses might have gone from 375 to 600+.. where something that was a million might have only gone to 1.3-1.4’ish..
So that house even though it went up 500, % wise it may not have gained as much ground as a normal cheaper house.. maybe because vrbo on normal houses are driving the numbers up?
Most people don't necessarily "need" all that comes with a $1.3 M house in Havasu, when they can get an RV garage, pool and an all around nice house for $700k. And also I think many people have a fundamental mind block to paying for something over $1M in Havasu. That market is small compared to the market for $500k-$800K houses, which seem to be the sweet spot.