Category Archives: marana real estate news

Tucson real estate : September 2011 land report

Tucson real estate : September 2011 land report Continue reading

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

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…

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

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 : Catalina Foothills Housing Report October 2011

Catalina Foothills October 2011 housing report. This report is the most comprehensive Tucson Catalina Foothills housing report I am aware of. Continue reading

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Tucson Real Estate : Tucson Electric Power Reduces Solar Power Incentives

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

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

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…

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 : Sept. 2011 foreclosure notices decline from Aug.

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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