Tag Archives: tucson housing market

August 2011 Foreclosure Update : List of all foreclosures in the Catalina Foothills, Oro Valley and Marana

Posted on August 25, 2011 by Lisa Bayless

Foreclosure update! In general, foreclosures are priced below market and sell for 98-99% of the list price. Foreclosures offer buyers great value. Below find links to all foreclosures as of 8/25 in the Catalina Foothills, Oro Valley and Marana Continue reading →

Share
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 , , , , , , , , , , | Leave a comment

Tucson real estate : home values in Pima County decline 34% compared to 5 years ago

Posted on August 25, 2011 by Lisa Bayless

Tucson real estate : The Federal Housing Finance Agency recently released data showing the average home in Pima County is now selling for only 66% of what it did 5 years ago.

Continue reading →

Share
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 , , , , , , , , , , , | Leave a comment

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.

Continue reading →

Share
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 , , , , , , , , , , , , , , | Leave a comment

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.
Continue reading →

Share
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 , , , , , , , , , , , , | Leave a 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.
Continue reading →

Share
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 : Why some Realtors will accept over-priced listings (hint, it’s in their interest..)

Posted on August 19, 2011 by Lisa Bayless

I recently viewed a home that was listed for approximately $900k. It seemed extremely over priced to me. I asked the listing agent about the price and she confirmed that it was over-priced! She actually told me the seller had it recently appraised for approximately $600k, but insisted on listing it for $900k.
Continue reading →

Share
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 , , , , , , , , , , , , | Leave a 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.
Continue reading →

Share
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 , , , , , , , , , , , | Leave a comment

Tucson Real Estate : $2.2 million home sells in the Catalina Foothills (Ventana Canyon Mountain Estates)

Posted on August 18, 2011 by Lisa Bayless

A home just sold in the Tucson Catalina Foothills (Ventana Canyon Mountain Estates) for $2.2 million. I believe the sale also included the lot next door (not included in the listing sheet) This is great news for the Tucson luxury home market Continue reading →

Share
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 , , , , , , , , , , | Leave a comment

Tucson real estate : Good value in Fairfield (community in the Tucson Catalina Foothills)

Posted on August 18, 2011 by Lisa Bayless

Below find a link to a fablous town home, in Fairfield, I just put on the market today. It’s been completely remodeled and is priced aggressively. Just to show how serious I am about that, here is a link to all the homes for sale in the subdivision.
Continue reading →

Share
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 , , , , , , , , , , , | Leave a comment

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 →

Share
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