Tucson real estate : Pima county foreclosure notices rose in August 2011

Posted on September 9, 2011 by Lisa Bayless

Tucson real estate : After a four month consistent decline, foreclosure notices in Pima County increased 38% relative to the previous month.

In August 2011 there were 917 foreclosure notices filed in Pima County, compared to 666 in July 2011. The good new is August 2011’s filings were down 14% compared to August 2010.

Foreclosure notices start the foreclosure process by notifying property owners that their loan is in default and their property has been scheduled for auction. Receiving a notices does not guarantee a foreclosure will ultimately occur.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for all your Tucson real estate needs.

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Tucson real estate : Housing in the Manzanita elementary school district

Posted on September 7, 2011 by Lisa Bayless
Tucson Real estate : Manzanita elementary school is located in the Tucson Catalina Foothills.  It’s a very desirable school for parents with children in grades K-5.
 
Home’s located in the Manzanita school district also sell reasonably quickly.  Surprisingly, demand currently exceeds supply in the Manzanita elementary school district (this is astounding for the current state of the Tucson real estate market).
 
Here is a comparable market analysis for home located in the Manzanita elementary school district.
 
The above analysis shows there are currently 36 homes for sale in the Manzanita school district ranging from $265,000 to $4,450,000.  The medium asking price is $171/sqft.
 
Here’s the best part…. Over the past 6 months, 46 (yup, 46) homes have sold in the Manzanita school district ranging from $188,000 to $935,000. The medium sold price is $162/sqft.
 
Let’s here is for the Manzanita school district, an area where housing demand actually exceeds supply!
 
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa for all your Tucson real estate needs.
 
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Tucson real estate : Sin Vacas; streets “without cows” but with good sales…

Posted on September 5, 2011 by Lisa Bayless

Tucson real estate : Sin Vacas is a gated luxury subdivision in the Catalina Foothills just north of Campbell and Skyline.  While it may be “without cows” it has had some decent sales in the past 6 months.

Here is a competitive market analysis of Sin Vacas; showing listings and sales over the past 6 months.

Currently, there are 3 homes for sale in Sin Vacas with an average asking price of $728,000 ($225.sqft). Over the past 6 months, 7 homes have sold with an average sold price of $699,857 ($199/sqft).  Buyer and seller expectation appear to be aligned in Sin Vacas!

Realtor Lisa Bayless, specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa with all your Tucson real estate needs.

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Tucson real estate : Some short sales actually do close quickly…

Posted on September 5, 2011 by Lisa Bayless

Tucson real estate : Wow, I’m impressed! A short sale in the luxury gated subdivision of Sin Vacas (near Skyline & Campbell) closed less than 60 days after it went on the market for its full list price. This beautiful home, listed for $598,000 went under contract 4 days after it was placed on the market.  It closed less than 60 days later for $598,000! Impressive for any sale; amazing for a short sale….

Short sales that are pre-approved by the lender(s) do close. Buyers, if you are interest in purchasing a home that is a short sale, ask if the lender(s) have pre-approved both the sale and its list price. The chances of the sale closing will be greatly improved.

Realtor Lisa Bayless, specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa for all you Tucson real estate needs.

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Tucson Real Estate : Big house demand; going, going, gone…..

Posted on September 2, 2011 by Lisa Bayless

Tucson real estate : The demand for big homes in the Tucson Catalina Foothills is a thing of the past. Buyers just don’t seem to want them.  In the past 5 years, only one home 10,000 sqft or larger has sold in the Catalina Foothills….

6959 Javelina (10,901 sqft in Skyline County Club) sold on 4/11 for $1,850,000. The home was 1st placed on the market on 3/04 for $4,900,000 and remained on the market, with endless price reductions ever since…

Currently, there are 4 homes with more than 10,000 sqft for sale in the Catalina Foothills. Here’s a quick and dirty over-view:

7582 Secret Canyon Dr (13,350 sqft in The Canyons). First listed on 10/10 for $13,500,000.  It’s been on the market ever since and is now $9,995,000. But hey, it has a 10 car garage….

5600 Via Elena (10,318 sqft in Catalina Foothills Estates #2). Listed on 12/10 for $4,450,000. Still the same price…

5801 Finisterra (11,874sqft in Finisterra). Listed on 10/09 for $3,495,000. Just reduced on 9/2/11 to $1,950,000 (that’s 55% off the original list price!)

6636 River Heights (11,133sqft, unsubdivided). First listed on 1/07 for $2,495,000. It’s been on the market ever since and is now listed for $1,495,000.

Here is a comparable market analysis for all the above homes. Big homes just aren’t selling….

Realtor, Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana real estate home sales.  Contact Lisa for your Tucson real estate needs.

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Tucson real estate : Shadow Hills, a subdivision full of homes that actually sell…

Posted on September 2, 2011 by Lisa Bayless

Tucson Real estate : Shadow Hills is a popular Tucson Catalina Foothills subdivision, located near 1st and Orange Grove. It’s a Foothills subdivision where homes actually sell! It’s in the Catalina Foothills school district and part of the Manzanita elementary school (a very desirable school).

Over the past 6 months, 14 homes have sold in the subdivision with a medium price of $435,000 ($158/sqft). Currently, 9 homes are for sale with a medium asking price of $429,800 ($152/sqft). Wow, looks like seller and buyer exepectations are actually aligned!

Here is a competitive market analysis of Shadow Hills (list current, contingent, pending and solds (last 6 months)).

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for your Tucson real estate needs.

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Oro Valley : La Reserve furniture re-arranging bandit caught!

Posted on September 1, 2011 by Lisa Bayless

Oro Valley:  The good folks in the gated La Reserve community can now sleep better. A man who broke into several Oro Valley homes (mostly in La Reserve) just to hang out, smoke pot and re-arrange furniture has been caught!  You can read more about this arrest here. Turns out the crook wasn’t a stranger; he lived in La Reserve….

La Reserve is a gated community, in Oro Valley that has both $100,000 townhomes and $1million+ luxury homes. Here is a comparable market analysis of the community listing both current and closed sales (last 6 months).

There are currently 30 homes for sale in La Reserve with a medium asking price of $252,000. 13 homes have sold, over the past 6 months, with a medium sale price of $208,000. The average home sold for 92% of the last list price. La Reserve has some fantastic city and mountain views.

Realtor Lisa Bayless specializes in Tucson Catalina Foothillls, Marana and Oro Valley real estate home sales.

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Tucson Catalina Foothills : Pima Canyon home more than 50% off after 4 years…

Posted on September 1, 2011 by Lisa Bayless

Tucson Catalina Foothills: This lovely home located in Pima Canyon (a gated luxury subdivision in the Catalina Foothills) has been on the market for more than 4 years and is now more than 50% off its original list price.

The home, built in 2002, was first listed in Jan 2007 for $2,700,000. It’s been sitting on the market ever since and has had numerous price reductions. Today the price was reduced to $1,495,000. The home was purchased in 2004 for $1,725,000.

Ouch…. Sellers, if you price your home correctly from the start, it will sell quicker and ultimately for a larger amount.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.

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Tucson real estate : Catalina Foothills home sells after 5 years of price reductions

Posted on September 1, 2011 by Lisa Bayless

Tucson real estate : This Tucson Catalina Foothills home was first placed on the market in July 2006 for $1,050,000.  It’s been on and off the market ever since and was even renter at some point.

It finally sold today for $590,000. That 54% off the original list price.

Sellers: Better to price your home correctly from the start.  You’ll save both time and make more money. Not sure what your home is worth? Ask you Realtor for a comparable market analysis.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales. Contact Lisa for all your Tucson real estate needs.

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Tucson real estate : Catalina Foothills market update

Posted on August 31, 2011 by Lisa Bayless

Tucson real estate : Over the past 30 days, 37 homes in the Tucson Catalina Foothills have sold with a medium sale price of $339,000. Currently, there are 355 homes for sale in the Tucson Catalina Foothills with an average asking price of $658,000.

Yikes… there seems to be a big gap between the price of homes that are actually selling, and the price of homes available for sale. The housing supply is not matching the housing demand in the Catalina Foothills.

Realtor Lisa Bayless specializes in, Oro Valley and Marana Tucson real estate home sales.

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