Category Archives: Marana real estate listings

Tucson real estate : Catalina Foothills home has a $3million price reduction!!

Posted on August 30, 2011 by Lisa Bayless

This lovely luxury home located in Ventana Canyon Mountain Estates has had a $3 million price reduction!!! The home, originally listed in 8/09 for $8.25 million has been reduced to $5.2million.  The home is listed for $802/sqft. Here is a competitive … Continue reading →

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Tucson real estate : Great deal! Pima Canyon foreclosure

Posted on August 29, 2011 by Lisa Bayless

Below find a link to a GREAT DEAL in Pima Canyon!!! This home at 1682 Sahuaro Blossom listed for $1,075,000 came back on the market today as a foreclosure. 1682 Sahuaro Blossom (foreclosure) This home was first listed for $4.2million in … Continue reading →

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Tucson real estate : Months of inventory by zip code

Posted on August 29, 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.

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Tucson real estate : Pinnacle Ridge (Catalina Foothills subdivision) update

Posted on August 28, 2011 by Lisa Bayless

Tucson real estate : Pinnacle Ridge is a lovely gated community just north of Swan & Sunrise. The homes in the subdivision were all built in 2001 and after. Below find a link to a competitive market analysis, going back 6 months, for Pinnacel Ridge. Continue reading →

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Billionaire Woes.. Malibu Mansion To Be Auctioned Off For $22million (66% off 2007 purchase price!)

Posted on August 26, 2011 by Lisa Bayless

If anyone wants to buy a $22 million mansion in Malibu, there is a auction occurring on Sept 18th. This 10,500 sqft home, with sandy beach frontage, located on “Billionaire Beach” in Malibu is up for auction and said to be a steal at only $22 million. The current owners bought the home in 2007 for a mere $65 million. Continue reading →

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August 2011 Foreclosure Update : List of all foreclosures in the Catalina Foothills, Oro Valley and Marana

Posted on August 25, 2011 by Lisa Bayless

Foreclosure update! In general, foreclosures are priced below market and sell for 98-99% of the list price. Foreclosures offer buyers great value. Below find links to all foreclosures as of 8/25 in the Catalina Foothills, Oro Valley and Marana Continue reading →

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Tucson real estate : home values in Pima County decline 34% compared to 5 years ago

Posted on August 25, 2011 by Lisa Bayless

Tucson real estate : The Federal Housing Finance Agency recently released data showing the average home in Pima County is now selling for only 66% of what it did 5 years ago.

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Tucson real estate : Mortgage loan application drop to 15 year low

Posted on August 24, 2011 by Lisa Bayless

Tucson Real Estate: According to the Mortgage Bankers Association, mortgage loan application have fallen to a 15 year low. The decline in mortgage applications, and ultimately prospective home buyers, was attributed to volatile markets and uncertainty regarding the economy.

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Tucson real estate : Should sellers get a home inspection before they place their home on the market?

Posted on August 23, 2011 by Lisa Bayless

Should sellers get their home inspected before they place in on the market? Can’t hurt.

In AZ after a seller accepts an offer on their home, the buyer has 10 days to perform home inspections. Usually buyers perform a home, termite and pool inspection.
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Tucson Real Estate : Land Sales Market Report July 2011

Posted on August 22, 2011 by Lisa Bayless

As of July 2011 active lots and land was 1,758, a 6% decrease from July 2010. There were 26 closings in July 2011, 37% above July 2010. Months of Inventory was 67.6, down from 98.4 in July 2010. Median price of sold lots and land properties was $52,500 for the month of July 2011, down 36% from July 2010. There were 36 new lots and land properties under contract in July 2011, up 29% from July 2010.
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Posted in Marana real estate listings, Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , , | 1 Comment