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Monthly Archives: June 2011
I’ll bet the sellers of a home, that just sold in Ventana Canyon, wish they priced their home correctly, when they first put it on the market in 2008. This home was first listed for $1,595,000 on 8/08. Its been on and off the market ever since and just sold for $1,099,000. That’s almost 33% below its original list price!!!
Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.
5680 N Chieftan Trail had a $100k price reduction today and is now$525,000 ($179/sqft). For a home, in this condition, in the Foothills this is one good deal. Continue reading
The presence of scorpions in a home can be controlled. Loose boards, wood piles, rocks, and debris should be eliminated from areas around the home, especially near foundation walls. Spray an residual insecticide in these areas. This will also reduce populations of insects that the scorpions feed on. Spray a swath outside approximately six feet around the perimeter of the home and one foot up the foundation wall. Spray all entry points from the inside.
Currently, the are 180 foreclosure properties for sale in the Foothills and the Oro Valley and Marana. The low price is $54,900 and the high is $2,350,000.
Inman News has ranked Tucson 4th in the nation for real-estate investors!!! Now more than ever there is value in the real-estate market.
Below find an excellent article, from the AZ Daily Star, regarding Saguaro Ranch. Saguaro Ranch is a luxury development (most homes have a list price above $2million) located in Marana. There is some incredible value and investment opportunities in Sagoaro Ranch now!!!
From Jan 1 – June 8, 2011 there have been 29 homes in the Foothills and the Northwest (Oro Valley & Marana) that have sold for $1million or more. 12 of these sales have been in the Northwest; the remained in the Foothills.
Below find a link to the May Housing Report, from Long Realty, for Oro Valley.
This report provides up to date information, pricing, inventory, sales among others. This is one of the most comprehensive reports, on the Oro Valley housing market, that I am aware of.