Monthly Archives: September 2011

Tucson Real Estate : Good deal in gated Miramist (Catalina Foothills)

6420 Miramist Way has just been reduced to $699,000. The home is located in the gated community of Miramist Continue reading

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Tucson Real Estate : Catalina Foothills home has $2 million price reduction!

7582 N Secret Canyon Drive has been reduced from has just been reduced from $9,995,000 to $7,900,000. The home was first listed on 6/09 for $13,500,000 and has reminded on the market since. Continue reading

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Tucson real estate : Villages of La Paloma (Catalina Foothills)

Tucson real estate 9/26/11 : The Villages of La Paloma is a part of the La Paloma community south of Sunrise Dr. Most of the home are located on small lots and built after 2000. The medium sales price, over the past 6 months is $475,000 Continue reading

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Tucson Catalina Foothills foreclosure update

In the Tucson Catalina Foothills there are currently 20 foreclosures for sale. The low is $80k and the high is $477k. Interesting there are no luxury foreclosures currently for sale in the Foothills now!!! Let’s check back next month and see if this changes… Continue reading

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Tucson real estate : Months of inventory by zip code (August 2011)

Months of Inventory (MOI), is the amount of current inventory (homes currently for sale) divided by average monthly sales. This is a good indicator of market health since it measures the amount of time it will take to elimate current inventory. In general, a market is considered “balanced” when MOI is 6 months Continue reading

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Tucson Land Report: August 2011

As of August 2011 active lots and land was 1,772, a 3% decrease from August 2010. There were 13 closings in August 2011, 50% below August 2010. Continue reading

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Tucson (City Limits) Housing Report: August 2011

As of August 2011 active inventory was 5,346, a 25% decrease from August 2010. There were 1,106 closings in August 2011, 28% above August 2010. Months of Inventory was 4.8, down from 8.3 in August 2010. Median price of sold homes was $122,200 for the month of August 2011, down 20% from August 2010. The Tucson Market had 1,507 new properties under contract in August 2011, up 46% from August 2010 Continue reading

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NE Tucson Housing Report : August 2011

Tucson real estate : As of August 2011 active inventory was 344, a 19% decrease from August 2010. There were 53 closings in August 2011, 43% above August 2010. Months of Inventory was 6.5, down from 11.5 in August 2010. Median price of sold homes was $219,900 for the month of August 2011, down 22% from August 2010. The Northeast and Extended Northeast area had 52 new properties under contract in August 2011, down 9% from August 2010.

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Tucson Luxury Housing Report: August 2011

Tucson real estate: As of August 2011 active luxury inventory was 226, a 30% decrease from August 2010. There were 5 luxury closings in August 2011, 44% below August 2010. Luxury months of Inventory was 45.2, up from 36.0 in August 2010. Median price of luxury sold homes was $975,000 for the month of August 2011, down 3% from August 2010. The Luxury market had 8 new luxury properties under contract in August 2011, down 43% from August 2010

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Tucson real estate : Oro Valley August 2011 housing report

Tucson Real Estate : As of August 2011 active inventory was 334, a 16% decrease from August 2010. There were 52 closings in August 2011, 2% above August 2010. Months of Inventory was 6.4, down from 7.8 in August 2010. Median price of sold homes was $215,500 for the month of August 2011, down 21% from August 2010. Oro Valley had 50 new properties under contract in August 2011, up 14% from August 2010.

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