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Tag Archives: Oro Valley homes sales
Median price of sold homes was $260,000 for the month of August 2014, down 4% from August 2013. Continue reading
Below find a link to the Oro Valley July 2011 Housing Report, from Long Realty. Continue reading
When showing your property, you only get one chance to make a good impression. Here are some suggestions to increase the desirability of your property to potential buyers, and help you sell at the best price, in the least amount of time. Continue reading
Setting your asking price correctly, is the key to a successful sale. Below find data (from Long Realty) which examines how a home’s pricing, relative to its actual market value, determines the amount of buyers who will view it.
If you want to successfully sell you home, its crucial to understand buyer behaviors. Below find a list of where buyers found the home they purchased.
Foreclosure notices in Pima County has hit an almost 3 year low! For the 1st time since Nov. 2008, less than 700 property owners (693 in total) in Pima County received notice that their loans were in default. To put this in perspective, in 2006, when the market peaked, an average of 240 foreclosure notices were issued monthly. June 2011, was also the 5th straight month the number of notices declined, relative to last year!
Lenders begin the foreclosure process by giving property owners “notice” that their loan is in default. Receiving notice does not necessarily mean a property will ultimately end up in foreclosure.
This is very good news for the Tucson area real-estate market, since the market will not recover until the current and future inventory of foreclosure properties drops considerably.
FEMA has revised its Digital Flood Insurance Rate Maps. The revised maps became effective June 16, 2011. Many properties are affected and it is important for all property owners in Pima County to determine how the new maps will effect them Continue reading
From Jan 1 – June 8, 2011 there have been 29 homes in the Foothills and the Northwest (Oro Valley & Marana) that have sold for $1million or more. 12 of these sales have been in the Northwest; the remained in the Foothills.
Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.
In January 2011, 29 home sales closed in the Oro Valley. The average sale price was $294,138, with a low of $150,000 and a high of $775,000. Currently, there are 359 homes for sale in the Foothills with an average list price of $439,361 and low of $139,900 and a high of $2,895,000 Continue reading