Tucson real estate : 12300 Cloud Ridge closed today for $430,000 ($139/sqft). That’s 55% of its original 2009 list price. The home was first listed in 2009 for $769,000. Cloud Ridge is located in the Coyote Ridge subdivision of Oro Valley (near Tangernine & 1st; on the north side of Tangerine). This sale is a reminder of the importance of pricing a home for sale correctly when it is first placed on the market. From Oct 2010 to Oct 2011, overall prices in Oro Valley fell 7%.
Coyote Ridge appears to be a hot nieghborhood right now. Here is a comparable market analysis of the nieghborhood going back 6 months. You will see over the past 6 months 6 homes have sold with a medium price of $575,000 ($152/sqft). Right now there is only one home in the neighborhood currently for sale. Wow… looks like demand exceeds supply!
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marna home sales. Contact Lisa for all your Tucson real estate needs.