A reader sent in this rare report on Lake Havasu City. "There are almost 1,100 single-family homes on the market in Lake Havasu City, the largest number of homes for sale in about three years."

"'There's no simple answer, other than we have more homes on the market than buyers,' said (realtor) Carl Flusche. 'We're starting the summer season so we'll probably have a few good months and hopefully sell off some of this inventory.'"

"Home prices are on the rise as well, with the average price for a single-family home selling for $307,383. That's up 23 percent from last year when the average price was $250,908. Meanwhile California home sales fell in March, the sixth month in a row of slumping sales in that state, down 12.5 percent from the same time last year."

"It's conventional wisdom among builders and Realtors that Lake Havasu City follows the trends of southern California, generally six months to one year later. But Bill Ullery with DBU Homes said slumping California sales and higher Havasu lot costs have not slowed local construction. 'With the increase in the price of lots here, the type of house that's going up is quite different now. You don't put a $120,000 house on a $170,000 lot,' said Ullery. 'Our business is almost all large custom luxury homes now.'"

"'My sense is that a lot of the customers coming in from southern California, about two-thirds of our market, are coming in with adequate financial resources,' Ullery said."

"Instead low-to-moderate income buyers seem to be moving north, Ullery said, and many Lake Havasu City residents mirroring the actions of the Southern Californians, selling their Havasu home high and buying a bigger home cheaper in the proposed subdivisions in the unincorporated areas of Mohave County, Bullhead City or Kingman."