Category Archives: catalina foothills real estate news

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

Posted on October 18, 2011 by Lisa Bayless

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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Tucson real estate : Months of inventory by zip code (September 2011)

Posted on October 17, 2011 by Lisa Bayless

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 elimate current inventory. In general, a market is considered “balanced” when MOI is 6 months.

Below find the months of inventory of various zip codes in the Tucson area for August 2011:

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Tucson real estate : Well priced homes actually do sell in a reasonable time frame…

Posted on October 15, 2011 by Lisa Bayless

Note to sellers: better to price your home correctly from the start. Buyers are looking for deals in the market, and the sale of your home will likely be subject to an appraisal Continue reading →

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Tucson Real Estate : Luxury Housing Report September 2011

Posted on October 15, 2011 by Lisa Bayless

September 2011 Tucson luxury housing report. Luxury housing is all homes with an ask/sell price abouve $800,000 Continue reading →

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Tucson Real Estate : Tucson Electric Power Reduces Solar Power Incentives

Posted on October 13, 2011 by Lisa Bayless

Tucson Electric Power has reduced its upfront incentives, for rooftop solar systems, from $2.00 per watt to $.75 per watt. Application already accepted by TEP will be still be funded at the $2 per watt level.
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Tucson real estate : Tucson housing prices fall to 2000 levels

Posted on October 12, 2011 by Lisa Bayless

Housing prices in Tucson have dropped to 2000 levels. The city’s current medium sale price ($117,500) hit its lowest point since Feb. 2001.
Medium prices have fallen 19% compared to Sept 2010 and 48% since November 2005 when prices peaked.
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Tucson real estate : 3rd quarter housing market update

Posted on October 11, 2011 by Lisa Bayless

Below find the 3rd quarter (July-September) 2011 housing results, for the Foothills and Oro Valley. I have compared the 3rd 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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Tucson Real Estate : Short sales, buyer beware…

Posted on October 11, 2011 by Lisa Bayless

A short sale is when the list price of a home falls short of the amount owed against the home (mortgages, liens…). The property owner cannot afford to repay the full amount owned on the home and the debt holders agree to release their lien on the home and accept less than the amount owed on the debt.
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Tucson Real Estate : Pima Canyon home has an asking price below $800,000

Posted on October 9, 2011 by Lisa Bayless

Pima Canyon Estates (located in the Catalina Foothills), now has a home with an asking price under $800,000. Over the past 5 years, there has not been a home sale, in Pima Canyon, for less than $800,000.
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Tucson real estate : Sept. 2011 foreclosure notices decline from Aug.

Posted on October 6, 2011 by Lisa Bayless

After spiking in Aug. 2011, the number of foreclosure notices issued in Pima County, declined in Sept. 2011. The notices infor property owners inform property owners that thier loan is in default and an auction has been scheduled. Continue reading →

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