Current Tucson Market Stats: Active, Sold & New Listings

by Tucson Realtor - Michael Krotchie October 19, 2010

Active Listings New Listings Sold Listings Months Inventory Sep – 2010 9,204 2,099 950 9.69 Aug – 2010 9,025 2,110 966 9.34 Jul – 2010 8,840 2,101 873 10.13 Jun – 2010 8,601 1,976 1,285 6.69 May – 2010 8,366 1,877 1,359 6.16 Apr – 2010 8,793 2,388 1,349 6.52 Mar – 2010 9,047 2,486 [...]

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When is the Best Time to Buy in Tucson?

by Tucson Realtor - Michael Krotchie October 18, 2010

I get this question from my Buyers quite often, and usually the correct answer is “Whenever you are ready.” Prices in Tucson are nearly at a ten year low and there are some great deals out there but our market is much more stable than it was five years ago. Take a look at the [...]

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High End Property of the Week

by Tucson Realtor - Michael Krotchie October 14, 2010

I always like to take a look at the higher end listings in Tucson because, well, we don’t have that many of them. This week we have three listings over $5,000,000 and here is the one I like the best. On the off chance any of my readers would like to purchase the above property, [...]

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Tucson Real Estate Statistics released for September 2010

by Tucson Realtor - Michael Krotchie October 12, 2010

Below are some highlights from the September Statistics: Total listings under contract increased by 9.94% over August and by 13.74% over September of 2009. The number of new listings increased by 15.46% over August and decreased by 9.53% over September of last year. Total unit sales decreased slightly in September by 1.02% from 882 in August to 873 [...]

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Saguaro Springs in Marana is getting some rehab

by Tucson Realtor - Michael Krotchie October 11, 2010

Looks like the previously abandoned Saguaro Springs project is getting new life. I wrote about this community three years ago when it was being developed but the timing of KB Homes was terrible and it the community of 2,500 planned homes did not get past three model homes that were constructed. From an article in [...]

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Banks Want Their Money, Won’t Postpone Foreclosures

by Tucson Realtor - Michael Krotchie October 6, 2010

Over the past several days there has been growing media coverage regarding the ineptitude and lack of oversight with the large banks (*gasp*) in regards to foreclosures. Specifically that the sheer number of people facing foreclosure is so overwhelming that bank personnel have been blindly signing foreclosure paperwork without reviewing each individual file to verify [...]

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Tucson New Construction Home Prices Nearing 10 Year Low

by Tucson Realtor - Michael Krotchie October 5, 2010

I was reading the Las Vegas Review Journal today and saw an article that showed new construction home prices have fallen to a ten year low, pushed downward by a glut of short sales and foreclosures in the Vegas market. They just couldn’t compete with the lower priced properties and have finally decided to be [...]

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Tucson Real Estate Statistics released for August 2010

by Tucson Realtor - Michael Krotchie September 27, 2010

Below are some highlights from the Tucson August Statistics: The number of homes sold are up 11.36% from last month The median sales price is around $150,000 where it has been since May (of this year) New listings have decreased 21.82% over July Active listings are the highest to date this year at 7,170, an [...]

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