Category Archives: Real Estate News

Tucson real estate : Sept. 2011 foreclosure notices decline from Aug.

After spiking in Aug. 2011, the number of foreclosure notices issued in Pima County, declined in Sept. 2011. The notices infor property owners inform property owners that thier loan is in default and an auction has been scheduled. Continue reading

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Tucson real estate : The cost of living in Cobblestone

7301 N Cathedral Rock Rd is the latest home to sell in Cobblestone. The home closed today for $1,170,000. It was first listed on 12/10 for $1,349,000. Continue reading

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Tucson real estate : Foothills foreclosure sells for $6k above the asking price

Tucson Real Estate : 6356 N Camino Padre Isidoro (near Skyline & Orange Grove) sold for $300,100 which is $6,000 above the home’s asking price. The home was a foreclosure sale.

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Tucson Real Estate : Sept 30th weekend interest rates

Tucson Real Estate : Sept 30th weekend interest rates 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 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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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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