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Category Archives: Oro Valley Real Estate news
2011 1st Quarter Market Update
Below find the 1st quarter (Jan.-Mar.), 2011 housing results, for the Foothills and Oro Valley. I have compared the 1st quarter 2011 results to 2010, to provide an overview of the market’s current condition compared to last year.
Oro Valley March 2011 Housing Report
As of March 2011 active inventory was 493, an 11% increase from March 2010. There were 53 closings in March 2011, 12% below March 2010. Months of Inventory was 9.3, up from 7.4 in March 2010. Median price of sold homes was $235,000 for the month of March 2011, down 18% from March 2010. Oro Valley had 54 new properties under contract in March 2011, down 31% from March 2010. Continue reading
Are foreclosures pushing prices down?
The Arizona Daily Star published an excellent article today about falling home prices in Tucson. According to The Star, the medium price of a home in all of Tucson, dropped 21% in March 2011, compared to March 2010. The medium sale price in March was $125k, down from $157,680 the previous March. The Star’s article noted that bank owned properties (foreclosures) in the lower price range pushed prices down Continue reading
I just coated my roof before the summer rains!
Roof coating in Tucson can extend the overall life of your roof for many years, all while reducing your home’s energy costs. Roof coating renews the overall surface of the roof by filling in cracks. It is crucial to fill in these cracks before the monsoons arrive. Doing so can save you serious money in the long run and prevent water damage to your roof and home from the monsoon rains Continue reading
3 Cheers for Catalina Foothills Estates 10!
3 Cheers for Catalina Foothills Estates 10!
April 2011, has been a good month for Catalina Foothills Estates 10; a subdivision located in the Foothills off of Hacienda Del Sol.
So far, in April 2011, there have been two homes that have sold for more and $1million in all of the Foothills and Oro Valley. Both were in Catalina Foothills Estates 10!!!
4655 Placita Roca Blanca, built in 2007, sold for $1,525,000 ($317/sqft). 3252 E Camino Boscaje, built in 2008, sold for $1,899,900 ($314/sqft).
That’s good for the market and very good for Catalina Foothills Estates 10!
1st $2 million plus home sale in 2011!
Finally some good news for the luxury housing market! The Tucson area had its first $2 million plus home sale. The home, a foreclosure built in 2009 on 4 acres, is located in Saguaro Ranch in Marana and sold for $2.1 million. That’s $288/sqft.
Oro Valley Market update!
As of February 2011 active inventory was 504, a 14% increase from February 2010. There were 53 closings in February 2011, 51% above February 2010. Months of Inventory was 9.5, down from 12.7 in December 2009. Median price of sold homes was $265,000 for the month of February 2011, down 7% from February 2010. Oro Valley had 57 new properties under contract in February 2011, down 5% from February 2010. Continue reading
Posted in Oro Valley Real Estate news
Tagged oro valley home sales, oro valley housing market
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January 2011 Oro Valley homes sales
In January 2011, 29 home sales closed in the Oro Valley. The average sale price was $294,138, with a low of $150,000 and a high of $775,000. Currently, there are 359 homes for sale in the Foothills with an average list price of $439,361 and low of $139,900 and a high of $2,895,000 Continue reading