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Monthly Archives: September 2011
As of August 2011 active inventory was 516, a 24% decrease from August 2010. There were 66 closings in August 2011, 3% below August 2010. Months of Inventory was 7.8, down from 9.9 in August 2010. Median price of sold homes was $262,500 for the month of August 2011, down 17% from August 2010. The North area had 83 new properties under contract in August 2011, down 1% from August 2010.
Foothills Housing Report August 2011.
10 ways to prepare for homeownership Continue reading
Tucson real estate : The Canyons is a super luxury subdivision located in the Catalina Foothills (very top of Swan Rd). While it boasts some of the most luxurious homes in all of Tucson, is has had few sales over the past year and repeated price reductions. Many homes in the Canyons have sat on the market for years and are now close to 50% off their original list price.
After a four month consistent decline, foreclosure notices in Pima County increased 38% relative to the previous month.
In August 2011 there were 917 foreclosure notices filed in Pima County, compared to 666 in July 2011. The good new is August 2011’s filings were down 14% compared to August 2010.
Home’s located in the Manzanita school district also sell reasonably quickly. Surprisingly, demand currently exceeds supply in the Manzanita elementary school district (this is astounding for the current state of the Tucson real estate market).
Tucson real estate : Sin Vacas is a gated luxury subdivision in the Catalina Foothills just north of Campbell and Skyline. While it may be “without cows” it has had some decent sales in the past 6 months. Continue reading
Wow, I’m impressed! A short sale in the luxury gated subdivision of Sin Vacas (near Skyline & Campbell) closed less than 60 days after it went on the market for its full list price. This beautiful home, listed for $598,000 went under contract 4 days after it was placed on the market. It closed less than 60 days later for $598,000! Impressive for any sale; amazing for a short sale Continue reading
The demand for big homes in the Tucson Catalina Foothills is a thing of the past. Buyers just don’t seem to want them. In the past 5 years, only one home 10,000 sqft or larger has sold in the Catalina Foothills Continue reading
Shadow Hills is a popular Tucson Catalina Foothills subdivision, located near 1st and Orange Grove. It’s a Foothills subdivision where homes actually sell! Continue reading
The good folks in the gated La Reserve community can now sleep better. A man who broke into several Oro Valley homes (mostly in La Reserve) just to hang out, smoke pot and re-arrange furniture has been caught! You can read more about this arrest here. Turns out the crook wasn’t a stranger; he lived in La Reserve Continue reading