Tucson, AZ Real Estate News

By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
In 2001 Tucson was listed by Wall Street Journal as one of the top 20 cities for vacation, second and retirement homes. Things haven't changed much. Tucson remains as a popular city for people to move to. What happened to the Tucson Real Estate Market in 2004 trough 2005?The best analogy is that of a train. In April of 2004 the Tucson real estate market experienced a ridiculous increase in sales and prices that lasted for months. Investors were showing up literally by the bus load to buy up as many homes as they could in new communities. A normal 6-7% annual appreciation in homes skyrocketed to 24-32%. Multiple counter offers were common, with many homes selling above the asking price. It was a speeding train out of control with cars flying off the track everywhere as the load got light...
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
March was a good month for Tucson real estate. Sales increased by over 23% compared to February with 1,246 homes sold. The average price of homes sold increased as well from $258,377 to $276,486. The median price for homes sold was $222,700 for March compared to $218,000 for February. The down side has been the number of homes on the market. March hit an all time high of 10,185. Days on the market increased to 67 days. What does this mean to sellers? Supply remains high, so pricing is crucial. Staging is still a critical part of making a home stand out against the competition. Incentives to buyers are as important as ever.  Though sales are beginning to pick up, days on the market remains high, and available homes remain higher. Expecting to sell a home in 30 days is a real challenge. N...
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
Old news with a bright future. In February Tucson welcomed World Golf Championship's Accenture Match Play at the Gallery South Golf Course.  For complete review and access to information about Tucson click here.
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By Douglas Trudeau, MBA, Assoc. Broker, Selling Tucson Real Estate
(Tierra Antigua Realty)
One of my favorite golf courses in all of Greater Tucson is Randolf North Municipal Golf CourseRandolph North Municipal Golf Course was the former home of the PING/Welch's Championship LPGA Golf Tournament and has been the site for PGA tournaments from 1979 through 1990.   In the past it was the site of the PGA Seiko Tucson Match Play Championship and the PGA Joe Garagiola Tucson Open. Randolph was once touted as one of the best municipal courses in the country. Located in central Tucson, Randolph is easily accessible from any part of Tucson.The course setting is a scenic with several tall trees, lush fairways, and a beautiful view of the mountains surrounding Tucson.The fairways are forgiving. You can break out those $4 golf balls here. You forget that you are in the heart of Tucson on...
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By Tonya Largent
(Windermere)
I'm new to this site so I'll talk about this part of the country for starters. The Tucson area is perfect for retirement or snowbirding. Prices are lower too. Average home 220k. Tucson boasts 350 days a year of sunshine. We are located at the base of the Catalina Mountain Range. The highest point of the Catalina's is Mnt Lemon at 9,000 ft. It is the Southern most ski slope in the Northern Hemisphere. Metro Tucson's population is nearly 1 million. Yet, where ever you are you feel like you're in the rurals. We're 2 hrs from Phoenix (I-10). Go Diamondbacks and Cardinals.  U of A campus is huge. Go Wild Cats. Air port was just remodeled. Golf, Golf, Golf. enough said. The weather here is special. Yesterday, 3-5-07, it was 80 and the humidity was 9%. Even when it's 100 because of the humidit...
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By Tucson Real Estate Experts Anne McKechnie, Previews Property Specialist
(Coldwell Banker Residential Brokerage)
The announcement that the Accenture Golf Tournament will possibly have a permanent home in the Tucson has brought a great deal of excitement to Tucson and to the Tucson Real Estate Market. An announcement made about the new course that will surround the Now Proposed Ritz Carlton Resort in Dove Mountain will support the Tournament in the area, and will be designed by Jack Nicklaus. In 2009, the Accenture Match Play Championship is scheduled to move to the new Nicklaus Course. The Course area is currently a beautiful desert landscape, which is  about a mile west of the Gallery Golf Club. Marana one of the fastest growing areas in Arizona will surely benefit from the press along with the whole Tucson area itself.
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By Tina Furtado, Realtor Tucson, AZ
(Moving to Marana - Tierra Antigua Realty)
End of year stats for Dec are out: Tucson MLS service states that Home Sale Volume is down 22.55% from $331,013.714. in Dec 2005 to $256,382,141. in Dec 2006.Average Sales Price for all residential: prices are beginning to stablize  we saw a small drop of 2.02% with $266,731. Dec 2005 to $261,348. for Dec 2006Median Sales Price: decreased 2.27% from $220,000. Dec 2005 to $215,000. Dec 2006Average days on the Market continues to increase  64.10% from 39 days in Dec 2005 to 64 days in Dec 2006Active listings: rose 56.09% from 5,457 in Dec 2005 to 8,518 in Dec 2006New listings coming into the market in Dec increased only 9.28% from 1,638 in Dec 2005 to 1,790 Dec 2006This shows that Tucson Real Estate inventory, total available properties on the market, continues to decline overall!   This ...
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