Monthly Archives: July 2011

Foreclosure notices at 3 year low in Pima County!

Posted on July 7, 2011 by Lisa Bayless

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.

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , | 1 Comment

Market Update: 2nd quarter housing results for The Foothills & Oro Valley

Posted on July 6, 2011 by Lisa Bayless

Below find the 2nd quarter (April – June), 2011 housing results, for the Foothills and Oro Valley. I have compared the 2nd quarter 2011 results to 2010, to provide an overview of the market’s current condition compared to the same time last year.

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , | 1 Comment

FEMA has revised its Digital Flood Insurance Rate Maps for Pima County

Posted on July 6, 2011 by Lisa Bayless

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 →

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , | 4 Comments

Well priced luxury home do sell!

Posted on July 2, 2011 by Lisa Bayless

This well priced luxury home in Ventana Canyon sold in 29days!

It was listed for $1,195,000 and sold for $1,119,000. Well priced luxury homes can sell in a reasonable amount of time and close to the original list price.

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , | 2 Comments

June 2011 sales results: Foothills, Oro Valley and Marana

Posted on July 1, 2011 by Lisa Bayless

June 2011 residential home sales results are in! Below an overview of all home sales in the Foothills, Oro Valley and Marana as well as links to each sold home for your review. For those of you who track the real-estate market, monthly home sale results is one of the most important indicators of current market conditions. It tells you not only what is selling but also how much activity there is.

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , , | 2 Comments