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Category Archives: Real Estate News
Foothills March 2011 Housing Report
As of March 2011 active inventory was 759, a 3% increase from March 2010. There were 100 closings in March 2011, 2% below March 2010. Months of Inventory was 7.6, up from 7.2 in March 2010. Median price of sold homes was $285,000 for the month of March 2011, down 19% from March 2010. The North area had 108 new properties under contract in March 2011, up 27% 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!
New homes are becoming a bad deal in weak markets
New homes are often not as good of a deal as exisiting homes in a declining market.
Posted in Real Estate News
Tagged new home sales, tucson home sales, tucson housing market
18 Comments
Where are the newly constructed homes?
I have encountered buyers who want newly constructed Tucson homes, built within the last year, and are frustrated that they can’t find any that fit their criteria.
Posted in Real Estate News
Tagged foothills homes sales, new construction, oro valley home sales
5 Comments