Category Archives: Tucson Real Estate news

Tucson Real Estate : Overview of mortgage rates (11/4/11)

Overview of mortgage rates (11/4/11) Continue reading

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Tucson real estate : Pima County foreclosure notices decline

Foreclosure notices issued in Pima County during October 2011 fell 20% compared to the same time last year. In Oct 2011, there was 816 foreclosures notices filed, compared to 1,019 notices filed in October 2011. Hurray! Continue reading

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Tucson real estate : Foreclosure brings prices down in Pinnacle Ridge

Pinnacle Ridge is a gated community in the Catalina Foothills that consists of home built after 2000 between 3,500-4,500 sqft. Continue reading

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Tucson real estate : Well, at least Beverly Hills has high-end home buyers

Tucson real estate : Last week, the most expensive home of the year sold for $2.95mm in Tucson. At the current rate of sales, there is more than 10 years inventory of homes with a list price above $2mm in … Continue reading

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Tucson real estate : American mobility at record low, hurts AZ housing market

This is a problem for states like AZ that depended on population growth, and seasonal or retired transplants to support the growing housing market. Continue reading

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Tucson real estate : 10/28/11 mortgage interest rates

Tucson real estate : 10/28/11 mortgage interest rates Continue reading

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Tucson real estate : Home sells for $2,592,000, biggest sale of 2011!

5000 E Via Estancia (located in Miravel) closed today for $2,592,000!!! That’s the most expensive home to sell in the Tucson area this year. Hurray.
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Tucson real estate : Prices moving upward in Sin Vacas?

Recent sale in Tucson Catalina Foothills subdivision Sin Vacas should put upward pressure on prices. Articel includes a comparable market analysis of Sin Vacas goinf back 6 months. Continue reading

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Tucson real estate : Pinnacle Ridge short sale bring down prices

Pinnacle Ridge is a luxury gated community located in the Tucson Catalina Foothills (Swan & Sunrise). The homes in this subdivision were mostly built after 2000 Continue reading

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Tucson real estate : Months of inventory by price range (Foothills & Oro Valley)

Both buyers & sellers often enquire about the amount of supply/demand in a particular price range and area. Months of inventory provides good insight into this question. 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 eliminate existing inventory at the current rate of sales. In general, a market is considered “balanced” when MOI is around 6 months.

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