Tag Archives: oro valley

Tucson Real Estate : Short sales, buyer beware…

Posted on October 11, 2011 by Lisa Bayless

A short sale is when the list price of a home falls short of the amount owed against the home (mortgages, liens…). The property owner cannot afford to repay the full amount owned on the home and the debt holders agree to release their lien on the home and accept less than the amount owed on the debt.
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Tucson real estate : Lots of lots for sale in Stone Canyon

Posted on October 10, 2011 by Lisa Bayless

The super luxury gated subdivision of Stone Canyon (located in Oro Valley) sure has lots of lots for sale. Ninety-five, to be exact; all with different acreage.
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Tucson real estate : Sept. 2011 foreclosure notices decline from Aug.

Posted on October 6, 2011 by Lisa Bayless

After spiking in Aug. 2011, the number of foreclosure notices issued in Pima County, declined in Sept. 2011. The notices infor property owners inform property owners that thier loan is in default and an auction has been scheduled. Continue reading →

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Tucson real estate : What’s going on in Pima Canyon?

Posted on October 5, 2011 by Lisa Bayless

Right now there are two homes with an asking price below $850,000 in Pima Canyon. This is unusual since the vast majority of homes in Pima Canyon have a asking and selling price above $1,000,000.
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Tucson real estate : Foothills foreclosure sells for $6k above the asking price

Posted on October 4, 2011 by Lisa Bayless

Tucson Real Estate : 6356 N Camino Padre Isidoro (near Skyline & Orange Grove) sold for $300,100 which is $6,000 above the home’s asking price. The home was a foreclosure sale.

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Tucson Real Estate : Sept 30th weekend interest rates

Posted on October 3, 2011 by Lisa Bayless

Tucson Real Estate : Sept 30th weekend interest rates Continue reading →

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Tucson real estate : Months of inventory by zip code (August 2011)

Posted on September 25, 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 Continue reading →

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Tucson Land Report: August 2011

Posted on September 22, 2011 by Lisa Bayless

As of August 2011 active lots and land was 1,772, a 3% decrease from August 2010. There were 13 closings in August 2011, 50% below August 2010. Continue reading →

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Tucson real estate : Oro Valley August 2011 housing report

Posted on September 18, 2011 by Lisa Bayless

Tucson Real Estate : As of August 2011 active inventory was 334, a 16% decrease from August 2010. There were 52 closings in August 2011, 2% above August 2010. Months of Inventory was 6.4, down from 7.8 in August 2010. Median price of sold homes was $215,500 for the month of August 2011, down 21% from August 2010. Oro Valley had 50 new properties under contract in August 2011, up 14% from August 2010.

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Tucson real estate : 10 ways to prepare for homeownership

Posted on September 14, 2011 by Lisa Bayless

10 ways to prepare for homeownership Continue reading →

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