Tucson Real Estate : Luxury Housing Report March 2013

Tucson real estate : As of February 2013 active luxury inventory was 272, a 3% decrease from February 2012. There were 12 luxury closings in February 2013, 71% above February 2012. Months of Inventory  was 23.0, down from 39.9 in February 2012. Median price of luxury sold homes was $1,032,500 for the month of February 2013, virtually unchanged from February 2012. The Luxury market had 8 new luxury properties under contract in February 2013, down 62% from February 2012.

Here is a link to the entire March 2013 Tucson area luxury housing report.

Lisa Bayless specializes in luxury residential real estate. Contact Lisa for all your luxury Tucson real estate.

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Oro Valley Real Estate: March 2013 housing report

Oro Valley real estate: As of February 2013 active inventory was 286, a 30% decrease from February 2012. There were 50 closings in February 2013, 17% below February 2012. Months of Inventory  was 5.7, down from 6.8 in February 2012. Median price of sold homes was $230,125 for the month of February 2013, up 14% since February 2012. Oro Valley had 74 new properties under contract in February 2013, down 20% from February 2012.

Here is a link to the entire March 2013 Oro Valley housing report.

Realtor Lisa Bayless specializes in Oro Valley real estate. Contact Lisa for all your Oro Valley real estate needs.

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Tucson real estate : Pricing Strategy

Tucson real estate : Pricing your property properly when first listed can help you get a higher percentage of your list price and sell it in half the time. The majority of showings occur when a house is first placed on the market. If you price too high when you put it on the market, you run the risk of incurringhigher holding costs and ultimately getting less for your property.

Category                                     Selling Price/List Price             Days on Mkt.

No Price Change                               95.8%                                    54

1+ Price Change                               94.9%                                      146

This data shows that home priced right from the beginning sell faster and for a higher percentage of list price than those that end up doing price reductions.

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

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Tucson real estate : 2012 Oro Valley & Catalina Foothills housing market review

Below find the 2012 housing results for all single family home sales in the Foothills and Oro Valley. I have compared the 2012 housing results to 2011, to show changes in the housing market on a yearly basis.
Foothills

Year                    2011                   2012
Avg. Price           $477                   $459
# Sales                     627                         810
Days on Mkt.          97                           73
In 2012, the average purchase price of single family homes in the Foothills declined 3% while the amount of sales rose 29%. Additionally, in 2012 homes sold 24% faster. While the purchase price of homes in the Foothills declined in 2012, more home sold and at a faster rate.
Oro Valley
Year                                               2011                   2012
Avg Price                                      $287k              $279K
# Sales                                            533                    627
Days on Mkt.                                98                       72

In 2012, the average purchase price of single family homes in Oro Valley declined 2% while the amount of sales rose 17%. Additionally, in 2012 homes sold 26% faster.While the purchase price of homes in Oro Valley declined in 2012, more home sold and at a faster rate.

In 2013, the housing market is expected to improve. Hurray! Considering buying or selling a home? Contact Lisa Bayless (668.8293) for a free market evaluation.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa with allyour Tucson real estate needs.

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Tucson real estate : Tucson area housing report January 2013

Tucson real estate: As of December 2012 active inventory was 4,460, a 10% decrease from December 2011. There were 941 closings in December 2012, 3% below December 2011. Months of Inventory was 4.7, down from 5.1 in December 2011. Median price of sold homes was $148,000 for the month of December 2012, up 23% from December 2011. The Tucson Market had 1,115 new properties under contract in December 2012, down 7% from December 2011.

Here is a link to the entire January 2013 Tucson housing report.

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

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Oro Valley real estate : January 2013 housing report

As of December 2012 active inventory was 285, an 18% decrease from December 2011. There were 40 closings in December 2012, 9% below December 2011. Months of Inventory  was 7.1, down from 7.9 in December 2011. Median price of sold homes was $220,000 for the month of December 2012, down 3% since December 2011. Oro Valley had 56 new properties under contract in December 2012, up 33% from December 2011.

Here is a link to the entire Oro Valley January 2013 housing report.

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

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Tucson real estate : January 2013 Foothills housing report

As of December 2012 active inventory was 491, a 3% decrease from December 2011. There were 79 closings in December 2012, down 1% from December 2011. Months of Inventory was 6.2, down from 6.3 in December 2011. Median price of sold homes was $305,000 for the month of December 2012, down 6% from December 2011. The North area had 72 new properties under contract in December 2012, down 13% from December 2011.

Here is a link to the entire Jan 2012 Catalina Foothills housing report.

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

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Tucson real estate : Luxury housing report Jan. 2013

Tucson real estate: As of December 2012 active luxury inventory was 239, a 4% increase from December 2011. There were 8 luxury closings in December 2012, 27% below December 2011. Months of Inventory  was 30.5, up from 20.9 in December 2011. Median price of luxury sold homes was $1,170,000 for the month of December 2012, down 1% from December 2011. The Luxury market had 12 new luxury properties under contract in December 2012, down 8% from December 2011.

Here is a link to the entire January 2013 luxury housing report.

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

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Tucson Real Estate : Staging Tips

Tucson real estate: When showing your property, you only get one chance to make a good impression. Here are somesuggestions to increase the desirability of your property to potential buyers, and help you sell at the bestprice, in the least amount of time.

Curb Appeal is Essential – A buyer’s first impression is formed by viewing the outside of yourproperty. Trim plants and trees, weed your front back and side yards, use leaf blowers to removeleaves, pods, plant debris. Inspect the exterior of your property, including shutters and windows.Steel or aluminum siding should be clean. If the house needs painting, buyers will notice, and mayconsider it a major objection to purchasing your property.
Pay Close Attention To The Front Door – It should sparkle, so polish the doorknob, clean the glassand replace worn screens.
Neatness Counts – A sparkling clean home greatly enhances its appeal to buyers. Scrub each roomfrom top to bottom covering every nook and cranny. The entryway, kitchen and bathrooms are keyareas, and should be given special attention. Shampoo the carpeting if it hasn’t been done recently.If your carpet is old or matted it will be a detriment to selling the property. Consider replacing it orremoving it if there is hardwood underneath.?
Eliminate Clutter – Closets, cupboards and other storage areas should be neat and uncluttered. Boxeverything you do not use regularly and donate it, sell it, throw it away or store it. Look at each roomin the house with “less is best” as your objective. Remove unneeded furniture to make each roomappear more spacious. Kitchen counter-tops should be clear of everything except what you use daily.
If It’s Broken, Fix It – Repairs such as loose door knob, broken dishwasher, dripping faucet andsqueaky or sticking doors all detract from a property’s value. An afternoon spent making neededrepairs now can eliminate buyers’ objections later. Hire a professional, if needed.
Small Additions Make A Big Impression – With minimal expense, you can improve the appearanceof any room. Consider replacing worn area rugs and throw pillows. New towels can freshen a tiredkitchen or bath. Flowers add warmth and charm to any location. Identify the things you can do tomake areas more pleasing to a buyer.
It’s A Team Effort – Enlist The Help Of All Household Members To Get The House Ready – Andkeep it ready for prospective buyers. A few minutes spent tidying up each morning can make the difference for a showing in the afternoon!
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana real estate.  Contact Lisa with all your Tucson area real estate needs.
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Tucson real estate : Short sale debt relief extended, let’s all take a breath…

Tucson real estate: Time to exhale…Congress passed the The American Taxpayer Relief Act of 2012 (Sec. 202) which extends the Mortgage Forgiveness Debt Relief Act through December 31, 2013. As a result, mortgage debt forgiven through either a short sale or loan modification won’t be taxed on the amount forgiven up to $2 million. After December 31, 2013, any forgiven mortgage debt will be considered taxable income.

Homeowners who are experiencing financial hardships should consider a short sale before December 31, 2013. Short sales can take several months to close.  Call Realtor Lisa Bayless (520.668.8293) for more information about short sales.

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

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