Category Archives: Real Estate News

Luxury Home Market Update

From Jan 1 – June 8, 2011 there have been 29 homes in the Foothills and the Northwest (Oro Valley & Marana) that have sold for $1million or more. 12 of these sales have been in the Northwest; the remained in the Foothills.

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing | Tagged , , , , , , | Leave a comment

May Housing Market Report: Oro Valley

Below find a link to the May Housing Report, from Long Realty, for Oro Valley.

This report provides up to date information, pricing, inventory, sales among others. This is one of the most comprehensive reports, on the Oro Valley housing market, that I am aware of.
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Posted in Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing | Tagged , , , , | 25 Comments

May Housing Report: Foothills

This report provides up to date information, pricing, inventory, sales among others. This is one of the most comprehensive reports, on the Foothills housing market, that I am aware of Continue reading

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Long Realty April Housing Report – Oro Valley

Below find a link to the April Housing Report, from Long Realty, for Oro Valley.

This report provides up to date information, pricing, inventory, sales among others. This is one of the most comprehensive reports, on the Foothills housing market, that I am aware of.
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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Real Estate news, Uncategorized | Tagged , , , , , , , | 3 Comments

Long Realty’s April Housing Report, Foothills Market

Below find a link to the April Housing Report, from Long Realty, for the Foothills.

This report provides up to date information, pricing, inventory, sales among others. This is one of the most comprehensive reports, on the Foothills housing market, that I am aware of.

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Posted in Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate news | Tagged , , , , , | 3 Comments

Distressed sales is Arizona

Distressed sales (foreclosures and short sales) continue to drive residential real-estate prices down. Arizona has been, one of the states, hit hardest by the flood of distressed home sales and consequently the decline of the housing market. The good news is, there is a silver lining to the storm clouds of the past. Since Arizona has already processed a flood of distressed home sales, it is expected to eliminate its future inventory faster than other states Continue reading

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , | 4 Comments

Foothills luxury home originally listed for $3.9mm, sold for $1.8mm

6959 N Javelina Tucson, in Skyline CC, was originally listed for $3.9mm in 2007. Since then the home has been on and off the market and has had numerous price reductions.

Today the home closed for $1.8mm.

This is just one more example of the luxury market’s adjustment to current market conditions. Continue reading

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate news | Tagged , , , , , , | 2 Comments

Months of Inventory for the Foothills & Oro Valley

Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property.

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate news | Tagged , , , , , , , , | 12 Comments

Good deals in La Paloma

Currently, there are some fantastic deals in La Paloma.

There are 26 homes for sale in La Paolma with an average asking price of $607k ($217/sqft). Interestingly, in the past 6 months 11 homes have sold in La Paloma with an average sale price of $571k ($217/sqft).

There is a lot of value to be found in La Paloma now! Continue reading

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Posted in Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , | 1 Comment

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

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Posted in Oro Valley Real Estate news, Real Estate News, Tucson Real Estate news | Tagged , , , | 7 Comments