Category Archives: Tucson Foothills Real Estate news

Northwest Tucson Real Estate : May 2017 Housing Report

Posted on May 8, 2017 by Lisa Bayless

In the Tucson Northwest area, April 2017 active inventory was 1,161, an 11% decrease from April 2016. There were 387 closings in April 2017, a 1% decrease from April 2016. Year-to-date 2017 there were 1,444 closings, virtually unchanged from year-to-date … Continue reading →

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Tucson real estate : Good deal in Shadow Hills

Posted on November 8, 2011 by Lisa Bayless

Shadow Hills is on fire! It’s a neighborhood (located near 1st & Orange Grove) were demands actually appears to exceed supply! 1202 Paseo Zorro was just reduced to $622,450 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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Tucson real estate : Pima Canyon home sells for $229,000 above the asking price!!!

Posted on October 19, 2011 by Lisa Bayless

Tucson real estate : 1682 Sahuaro Blossom Place , a foreclosure property located in the luxury gated community of Pima Canyon, has closed for $229,000 above the asking price! The home’s latest asking price was $1,075,000 and it sold for $1,304,000. And some people say pricing isn’t flexible in the luxury housing market….. Continue reading →

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Tucson real estate : $1million price reduction in Pima Canyon today

Posted on October 19, 2011 by Lisa Bayless

2304 Sentry Ridge, located in the exclusive gated community of Pima Canyon, had a $1 million price reduction today. The home, now listed for $2,250,000 ($290/sqft) was first listed for $4,950,000 on 1/10 Continue reading →

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

Posted on October 17, 2011 by Lisa Bayless

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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