Tag Archives: tucson housing market

Tucson real estate : Catalina Foothills December 2013 housing report

Median price of sold homes was $290,000 for the month of November 2013, down 8% from November 2012. The Tucson North area had 107 new properties under contract Continue reading

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Tucson real estate : June 2013 luxury housing report

As of May 2013 active luxury inventory was 232, a 3% increase from May 2012. There were 23 luxury closings in May 2013, 53% above May 2012. Continue reading

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Tucson real estate : Catalina Foothills June 2013 housing report

As of May 2013 active inventory was 496, a 24% increase from May 2012. There were 127 closings in May 2013, up 17% from May 2012. Continue reading

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Tucson real estate : Tucson area housing report January 2013

As of December 2012 active inventory was 4,460, a 10% decrease from December 2011. There were 941 closings in December 2012, 3% below December 2011. Median price of sold homes was $148,000 for the month of December 2012, up 23% from December 2011. Continue reading

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Tucson real estate : October 2011 Catalina Foothills housing report

As of October 2011 active inventory was 533, a 25% decrease from October 2010. There were 53 closings in October 2011, 2% above October 2010. Months of Inventory was 10.1, down from 13.7 in October 2010. Median price of sold homes was $295,000 for the month of October 2011, up 5% from October 2010. The North area had 84 new properties under contract in October 2011, up 71% from October 2010 Continue reading

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Tucson real estate : Good deal in Shadow Hills

Shadow Hills is on fire! It’s a neighborhood (located near 1st & Orange Grove) were demands actually appears to exceed supply! 1202 Paseo Zorro was just reduced to $622,450 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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Tucson real estate : Slim pickings for buyers right now…

The housing market, which had suffered from an over-supply of homes for sale has a new problem: a lack of attractive inventory. Compared to last year, inventory in the Foothills is down 21%, inventory in Oro Valley is down 15% & luxury housing inventory is down 31%. Continue reading

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Tucson real estate : $1million price reduction in Pima Canyon today

2304 Sentry Ridge, located in the exclusive gated community of Pima Canyon, had a $1 million price reduction today. The home, now listed for $2,250,000 ($290/sqft) was first listed for $4,950,000 on 1/10 Continue reading

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Tucson Real Estate : September 2011, City of Tucson Housing Report

As of September 2011 active inventory was 5,227, a 28% decrease from September 2010. There were 1,079 closings in September 2011, 23% above September 2010. Continue reading

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