Tucson real estate : Are big home back? Maybe….

Tucson real estate : Are big homes back?  Maybe.  Thus far in 2011, eleven home with at least 7,000 sqft have sold in the Catalina Foothills, Marana and Oro Valley.  Here is a link to them all.  In 2010, only four home with at least 7,000 sqft sold.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana.  Contact Lisa for all your Tucson real estate needs.

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4 Responses to Tucson real estate : Are big home back? Maybe….

  1. I’ve seen a dramatic uptick in sales in our Tucson Luxury Home Market, which is comprised of homes $500,000 and up. We’ve seen the number of homes on the market drop by half in just the last 12 months. Good news if you are a Luxury seller in Tucson.

  2. How do the prices compare from one year to the next on those 7,000 sq ft homes? Is the price per sq. foot changing drastically?

    • Lisa Bayless says:

      Great question Rich. The medium price of luxury homes was up 23% in Nove 2011, compared to the same time last year. Nontheless, on a price per square foot basis the value of luxury homes has fallen. I think prices buyers are willing to spend more money because they are getting more value for their dollar.

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