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Tag Archives: tucson home sales
Foreclosure notices at 3 year low in Pima County!
Foreclosure notices in Pima County has hit an almost 3 year low! For the 1st time since Nov. 2008, less than 700 property owners (693 in total) in Pima County received notice that their loans were in default. To put this in perspective, in 2006, when the market peaked, an average of 240 foreclosure notices were issued monthly. June 2011, was also the 5th straight month the number of notices declined, relative to last year!
Lenders begin the foreclosure process by giving property owners “notice” that their loan is in default. Receiving notice does not necessarily mean a property will ultimately end up in foreclosure.
This is very good news for the Tucson area real-estate market, since the market will not recover until the current and future inventory of foreclosure properties drops considerably.
Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news
Tagged Foothills homes for sale, foothills homes sales, foothills luxury home sales, Marana luxury home sales, oro valley homes for sale, Oro Valley homes sales, oro valley real estate, tucson home sales, tucson homes market, Tucson luxury homes
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Market Update: 2nd quarter housing results for The Foothills & Oro Valley
Below find the 2nd quarter (April – June), 2011 housing results, for the Foothills and Oro Valley. I have compared the 2nd quarter 2011 results to 2010, to provide an overview of the market’s current condition compared to the same time last year.
Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news
Tagged Foothills homes for sale, foothills homes sales, foothills luxury home sales, oro valley home sales, oro valley homes for sale, oro valley housing market, oro valley housing results, tucson home sales, tucson homes market, tucson housing market, tucson luxury home sales
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Well priced luxury home do sell!
This well priced luxury home in Ventana Canyon sold in 29days!
It was listed for $1,195,000 and sold for $1,119,000. Well priced luxury homes can sell in a reasonable amount of time and close to the original list price.
Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news
Tagged Foothills homes for sale, foothills homes sales, foothills luxury home sales, marana home sales, Marana luxury home sales, oro valley foreclosures, oro valley home sales, oro valley housing report, oro valley luxury home sale, tucson home sales, tucson homes market
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Months of Inventory: Foothills, Oro Valley & Marana
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.
Posted in Oro Valley Real Estate news, Real Estate News, Tucson Foothills Real Estate news, Tucson Real Estate Listing, Tucson Real Estate news
Tagged Foothills homes for sale, foothills homes sales, foothills luxury home sales, housing market recovery, marana home sales, Marana luxury home sales, months of inventory foothills, months of inventory oro valley, oro valley home sales, oro valley homes for sale, oro valley housing market, oro valley luxury home sale, tucson home sales, tucson housing market
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Developers lose luxury Saguaro Ranch
Below find an excellent article, from the AZ Daily Star, regarding Saguaro Ranch. Saguaro Ranch is a luxury development (most homes have a list price above $2million) located in Marana. There is some incredible value and investment opportunities in Sagoaro Ranch now!!!
Foothills March 2011 Housing Report
As of March 2011 active inventory was 759, a 3% increase from March 2010. There were 100 closings in March 2011, 2% below March 2010. Months of Inventory was 7.6, up from 7.2 in March 2010. Median price of sold homes was $285,000 for the month of March 2011, down 19% from March 2010. The North area had 108 new properties under contract in March 2011, up 27% from March 2010. Continue reading
New homes are becoming a bad deal in weak markets
New homes are often not as good of a deal as exisiting homes in a declining market.
Posted in Real Estate News
Tagged new home sales, tucson home sales, tucson housing market
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Tucson main mkt. July 2010
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.