Tucson Real Estate Blogs » 2007

Tucson Real Estate & Golf Properties

Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
Contact Me

Archive for April, 2007

Tucson Real Estate March Sales

April 14th, 2007 categories: Tucson Real Estate

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. Not impossible, but challenging.

(more…)

Authored by Doug Trudeau | Discussion: 1 Comment »

Tucson Real Estate On The Move

April 10th, 2007 categories: Tucson Real Estate

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 lighter and the train moved faster. Suddenly in August of 2005 the emergency brake was applied and the train came to a screeching halt. Since September of 2005 the engineers have been working to get the train back into motion. Add to that over 3 times the number of cars to pull with the same number of engines to carry the load. The start has been slow, but momentum is slowly starting to build. Eventually, the train will be heading back down the track at a normal speed. The train isn’t sitting still, its just a little slow from all the weight of so many homes on the market. When the number of cars will get back to normal is hard to predict.

(more…)

Authored by Doug Trudeau | Discussion: 2 Comments »

Welcome To My Tucson Real Estate Blog Site

April 9th, 2007 categories: Tucson Real Estate

Welcome to my Tucson Real Estate Blog Site. Soon you will have up to date information about Tucson real estate, community events, community news, golf course previews and editorials, golf community information, golf event news.

Learn what has happened to the Tucson real estate market, what is happening and what is expected to happen.

Learn about different golf courses around Tucson, which holes are tough, where to lay up, where to go for it, which ones require finesse and control, and which ones are forgiving.

Enjoy information about golf communities throughout the Tucson Metro area. What each has to offer, and which ones may fit your life style.

Hear about upcoming social, cultural, and entertainment events in the Tucson area.

Stay tuned and learn what Tucson has to offer you.

Authored by Doug Trudeau | Discussion: No Comments »

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