| Conventional/Conforming:To $417,000 | 30 Year Fixed4.25% w/0 Points or 4.125%w/1 Point |
15 Year Fixed3.375% w/0 Points or 3.25% w/1 Point |
| Conventional/Jumbo:$417,000 and Up | 30 Year Fixed4.375% w/1 Point | |
| Niche Products: | Interest Only 30 Year FixedN/A | Investor Up to $417,000 30 Year Fixed4.75% w/1 Points |
| FHA to $316,250: VA to $417,000: |
30 Year Fixed3.875% w/0 Points |
10/28/11 Tucson real estate: Below find links to all new home sales, price reductions and closed sales in the Catalina Foothills, Oro Valley & Marana. For those who follow the local realestate market, watching closed sales is important since it gives you an idea what is selling and for how much!
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for all you Tucson real estate needs.
Tucson real estate: 5000 E Via Estancia (located in Miravel) closed today for $2,592,000!!! That’s the most expensive home to sell in the Tucson area this year. Hurray.
So far, in 2011 3 homes have sold for more than $2,000,000. Currently, there are three homes under contract with a list price above $2,000,000.
Of course… there are still 36 homes, with a list price above $2 million, currently for sale in the Tucson area. Here is a list of them all. There are some historic low prices and deals to be found in this price range. Anyone interested can reach me at 520.668.8293.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for all your Tucson real estate needs.
Tucson real estate : Prices moving upward in Sin Vacas (gated community in the Catalina Foothills)? The subdivision’s most recent sale suggests yes. 7479 Calle Sin Vacas closed today for $500,000. That’s $228/sqft!
This is a great sale since over the past 6 months, the medium sold price has been $188/sqft. While the prices of homes vary greatly depending on a number of features (view, condition, age…) the sale of a home does impact the value of the surronding homes! So, let’s give three cheers to Sin Vacas for a great sale that should put upward pressure on prices.
Speaking of Sin Vacas, it is a subdivision on a roll…. Here is a comparable market analysis of the subdivision going back 6 months. You will see over the past 6 months 7 homes have sold in the subdivision with a medium sale price of $589,000. Right now there are only 3 homes for sale. Go Sin Vacas!!!
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa for all your Tucson real estate needs.
Tucson real estate : 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.
4311 Pinnacle Ridge just sold for $700,000; $157/sqft. The home was a short sale.
Not the best news for this subdivision that has an average asking price of $201/sqft. Remember, lenders insist on appraising homes before they give buyers financing. Short sales and foreclosures are included in appraisals when determining a home’s appraised value!!!
Here is a comparable market analysis of Pinnacle Ridge going back 6 months. You will see there are currently 4 homes for sale and 2 homes have sold over the past 6 months.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa for all your Tucson real estate needs.
Tucson Real Estate : Currently, in the Tucson area there are a number of luxury homes for sale. Homes with an asking price above $800,000 are considered luxury. Since supply greatly out-number demand there are some deals to be found for buyers in this price range.
Below find an overview of the inventory and sales of luxury homes, in the Tucson area, for the month of September 2011.
Price Homes for sale Homes Sold Months of Inventory
$800-899k 41 0 n/a
$900-999k 44 0 n/a
$1,000-1,249k 48 2 24
$1,250-1,499k 35 3 11.7
$1,500-1,749k 19 0 n/a
$1,750-1,999k 26 1 26
$2,000k-up 31 0 n/a
Total 244 6 40.7
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa for all your Tucson real estate needs.
Tucson real estate : Like to golf? Now is your chance to get a great deal on a golf villa in Ventana Canyon. Right now there are 16 golf villas for sale in Ventana Canyon and only 2 have sold in the past 6 months. That’s 4.5 years of inventory….
Seems there is still a divide between buyer and seller expectations regarding the value of golf villas in Ventana Canyon now. Here is a comparable market analysis, of golf villas in Ventana Canyon going back 6 months. You will see the medium asking price, of a golf villa, is $452,000 while the medium sold price is $357,000. Ouch…. that’s almost a $100,000 spread. Until buyer & seller expectation become aligned, the golf villas will likely continue to sit on the market.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa with all you Tucson real estate needs.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa for all your Tucson real estate needs.
Tucson real estate : 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.
2304 Sentry Ridge 1st went on the market in 1/10 for $4.95million. It had had a few price reductions and on 10/18 it had a $1 million price reduction and had a new asking price of $2.25 million. Wow. Go Pima Canyon go!
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for all your Tucson real estate needs.
Tucson real estate : 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.
The legislation would help ensure that appraisers have access to data needed to analyze the value of energy-efficient homes. Previously home owners had complained that the value of their energy related home improvements were not being consider in their home’s appraisal. The proposed legislation would instruct federal loan agencies to assess a borrower’s expected energy costs when financing a house.
Realtor Lisa Bayless specailizes in Tucson Catalina Foothills, Oro Valley and Marana real estate. Contact Lisa for all your Tucson real estate needs.
