The Pima Canyon divide!

Posted on September 15, 2010 by Lisa Bayless

Currently there are 19 homes for sale in Pima Canyon with an average asking price of 402.09/sqft. Only 3 of there homes are below $1mm.

Problem is, only 3 homes have sold in, in Pima Canyon, over the past 6 months with an avg. selling price of $324.52/sqft. Two of the homes that sold had a price reduction of over $1mm.

At the current rate of sales, there is approximately 3 years of inventory!!

Supply and demand are not in line.

Unless the market quickly changes, prices will have to bettter reflect demand if sales are going to happen!

Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes

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Tucson luxury housing mkt. July 2010

Posted on September 13, 2010 by Lisa Bayless

As of July 2010 active luxury inventory was 338, a 23% decrease from July 2009. There were 7 luxury closings in July 2010, 36% below July 2009. Luxury months of Inventory was 48.3, up from 39.9 in July 2009. Median price of luxury sold homes was $915,000 for the month of July 2010, down 33% from July 2009. There were 15 new luxury properties under contract in July 2010, down 6% from July 2009.

Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes.

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Tucson main mkt. July 2010

Posted on September 13, 2010 by Lisa Bayless

As of July 2010 active inventory was 7,047, a 14% increase from July 2009. There were 792 closings in July 2010, 32% below July 2009. Months of Inventory was 8.9, up from 5.4 in July 2009. Median price of sold homes was $150,000 for the month of July 2010, down 11% from July 2009. There were 1,296 new properties under contract in July 2010, up 21% from July 2009.

Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes

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Foothills housing market July 2010

Posted on September 13, 2010 by Lisa Bayless

As of July 2010 active inventory was 713, virtually unchanged from July 2009. There were 70 closings in July 2010, 23% below July 2009. Months of Inventory was 10.2, up from 7.9 in July 2009. Median price of sold homes was $360,350 for the month of July 2010, down 9% from July 2009. There were 95 new properties under contract in July 2010, up 23% from July 2009.

Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes

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Posted in Tucson Real Estate news | Tagged , , | 5 Comments