Category Archives: marana real estate news

Tucson real estate : Foreclosure brings prices down in Pinnacle Ridge

Posted on November 2, 2011 by Lisa Bayless

Pinnacle Ridge is a gated community in the Catalina Foothills that consists of home built after 2000 between 3,500-4,500 sqft. Continue reading →

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Tucson real estate : Well, at least Beverly Hills has high-end home buyers

Posted on November 1, 2011 by Lisa Bayless

Tucson real estate : Last week, the most expensive home of the year sold for $2.95mm in Tucson. At the current rate of sales, there is more than 10 years inventory of homes with a list price above $2mm in … Continue reading →

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Tucson real estate : 10/28/11 mortgage interest rates

Posted on October 29, 2011 by Lisa Bayless

Tucson real estate : 10/28/11 mortgage interest rates Continue reading →

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Tucson real estate : Home sells for $2,592,000, biggest sale of 2011!

Posted on October 28, 2011 by Lisa Bayless

5000 E Via Estancia (located in Miravel) closed today for $2,592,000!!! That’s the most expensive home to sell in the Tucson area this year. Hurray.
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Tucson real estate : Prices moving upward in Sin Vacas?

Posted on October 27, 2011 by Lisa Bayless

Recent sale in Tucson Catalina Foothills subdivision Sin Vacas should put upward pressure on prices. Articel includes a comparable market analysis of Sin Vacas goinf back 6 months. Continue reading →

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Tucson real estate : Pinnacle Ridge short sale bring down prices

Posted on October 27, 2011 by Lisa Bayless

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 Continue reading →

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Tucson real estate : Months of inventory by price range (Foothills & Oro Valley)

Posted on October 25, 2011 by Lisa Bayless

Both buyers & sellers often enquire about the amount of supply/demand in a particular price range and area. Months of inventory provides good insight into this question. 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 eliminate existing inventory at the current rate of sales. In general, a market is considered “balanced” when MOI is around 6 months.

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Tucson real estate : Go Pima Canyon go!

Posted on October 25, 2011 by Lisa Bayless

What that was fast! After a $1 million price reduction, 2304 E Sentry Ridge (located in Pima Canyon) has gone under contract in just 6 days. Amazing, since only 2 homes over $2 million have sold, in the Tucson area, so far in 2011. Continue reading →

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Tucson real estate : Green gets nod from appraisers

Posted on October 24, 2011 by Lisa Bayless

The nation’s largest professional association of real estate appraisers announced support for recently introduced federal legislation that would ensure energy costs are included in appraisals Continue reading →

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Tucson real estate : Slim pickings for buyers right now…

Posted on October 20, 2011 by Lisa Bayless

The housing market, which had suffered from an over-supply of homes for sale has a new problem: a lack of attractive inventory. Compared to last year, inventory in the Foothills is down 21%, inventory in Oro Valley is down 15% & luxury housing inventory is down 31%. Continue reading →

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