Tag Archives: marana home sales

Billionaire Woes.. Malibu Mansion To Be Auctioned Off For $22million (66% off 2007 purchase price!)

Posted on August 26, 2011 by Lisa Bayless

If anyone wants to buy a $22 million mansion in Malibu, there is a auction occurring on Sept 18th. This 10,500 sqft home, with sandy beach frontage, located on “Billionaire Beach” in Malibu is up for auction and said to be a steal at only $22 million. The current owners bought the home in 2007 for a mere $65 million. Continue reading →

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Tucson real estate : Mortgage loan application drop to 15 year low

Posted on August 24, 2011 by Lisa Bayless

Tucson Real Estate: According to the Mortgage Bankers Association, mortgage loan application have fallen to a 15 year low. The decline in mortgage applications, and ultimately prospective home buyers, was attributed to volatile markets and uncertainty regarding the economy.

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Tucson real estate : Should sellers get a home inspection before they place their home on the market?

Posted on August 23, 2011 by Lisa Bayless

Should sellers get their home inspected before they place in on the market? Can’t hurt.

In AZ after a seller accepts an offer on their home, the buyer has 10 days to perform home inspections. Usually buyers perform a home, termite and pool inspection.
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Tucson Real Estate : Land Sales Market Report July 2011

Posted on August 22, 2011 by Lisa Bayless

As of July 2011 active lots and land was 1,758, a 6% decrease from July 2010. There were 26 closings in July 2011, 37% above July 2010. Months of Inventory was 67.6, down from 98.4 in July 2010. Median price of sold lots and land properties was $52,500 for the month of July 2011, down 36% from July 2010. There were 36 new lots and land properties under contract in July 2011, up 29% from July 2010.
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Posted in Marana real estate listings, Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , , | 1 Comment

Pima County Foreclosures Declines Again

Posted on August 20, 2011 by Lisa Bayless

In July, 2011 the number of foreclosure notices issued in Pima County hit a 40 month low.

In July 2011, 666 property owners in Pima County received default notices. This is a 40% decline compared to July 2010. In July 2006, when home prices rocketed, there were 216 foreclosure notices issued.
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Posted in Marana real estate listings, Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , , , | 3 Comments

Tucson Real Estate : Pricing Strategy

Posted on August 20, 2011 by Lisa Bayless

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 incurring higher holding costs and ultimately getting less for your property.

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Posted in Marana real estate listings, Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , , , , , , | 1 Comment

Tucson real estate : Months of Inventory

Posted on August 18, 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.
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Pima County raises property taxes!

Posted on August 17, 2011 by Lisa Bayless

Pima County supervisors raised property taxes for the second year in a row. The combined (primary and secondary) tax rate was set at $4.84 per $100 of assessed valuation. In 2010, the tax rate was $4.67.

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Tucson Real Estate: Federal Reserve Extends Record Low Interest Rates

Posted on August 16, 2011 by Lisa Bayless

Tucson real estate : Federal Reserve pledged to keep interest rates at their historic lows at least through mid-2013 indicating how serious the Fed is about preventing another recession. The Federal Reserve announced it was taking such measures because this year’s economic growth has been “considerably slower than the Committee had expected.”

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Months of Inventory: Tucson Catalina Foothills, Oro Valley and Marana July 2011

Posted on August 16, 2011 by Lisa Bayless

Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property Continue reading →

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Posted in Marana real estate listings, Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news | Tagged , , , , , , , , , , , , , , | 4 Comments