Tucson Luxury Home Market Update

As of February 2011 active luxury inventory was 291, a 32% decrease from February 2010. There were 10 luxury closings in February 2011, 9% below February 2010. Luxury months of Inventory was 29.1, down from 38.9 in February 2010. Median price of luxury sold homes was $937,500 for the month of February 2011, down 9% from February 2010. The Luxury market had 9 new luxury properties under contract in February 2011, down 47% from February 2010.

Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes.

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