As of June 2011 Tucson active luxury inventory was 247, a 32% decrease from June 2010. There were 13 luxury closings in June 2011, 8% above June 2010. Luxury months of Inventory was 19.0, down from 30.4 in June 2010. Median price of luxury sold homes was $940,000 for the month of June 2011, down 9% from June 2010. The Luxury market had 15 new luxury properties under contract in June 2011, up 25% from June 2010.
Here is a link to the entire Long Realty June 2011 Tucson Luxury Housing report. This is the most comprehensive Tucson luxury market housing report I am aware of.
Realtor, Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.