Tucson real estate : Pinnacle Ridge short sale bring down prices

Tucson real estate : Pinnacle Ridge is a luxury gated community located in the Tucson Catalina Foothills (Swan & Sunrise). The homes in this subdivision were mostly built after 2000.

4311 Pinnacle Ridge  just sold for $700,000; $157/sqft. The home was a short sale.

Not the best news for this subdivision that has an average asking price of $201/sqft. Remember, lenders insist on appraising homes before they give buyers financing.  Short sales and foreclosures are included in appraisals when determining a home’s appraised value!!!

Here is a comparable market analysis of Pinnacle Ridge going back 6 months. You will see there are currently 4 homes for sale and 2 homes have sold over the past 6 months.

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

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One Response to Tucson real estate : Pinnacle Ridge short sale bring down prices

  1. Teiya says:

    I’m not easily impsreesd. . . but that’s impressing me! 🙂

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