Tucson Real Estate Market May Golf Home Sales Looking Good

With four days left in the month of May, three of which are working days, Golf Property sales are looking good. Tucson’s real estate market is already seeing more Golf Property sales than in April, and the month isn’t even over. To date there have been 36 recorded sales. The lowest for $140,000, the highest for $850,000. The average and median so far are at $370,600 and $318,250 respectively.

What makes Golf Properties hold up better than the rest? One would be a differently type of buyer. Most homes along golf courses are either owned by professionals or retirees. In either case buyers with a healthier financial portfolio.

Another would be the views that most properties along a golf course offer. The lush fairway, the majestic mountains, the valley, the sunsets, and some the wild life of the water hazards at dawn and dusk.

Golf properties represent less than 4% of the Tucson real estate market of available homes. Not a large percentage. Of the 8,715 homes available on the market, only 335 are golf properties. Of the 699 recorded sales to date for the month of May 5.3% are golf property sales. With limited information, since the month isn’t over, 11% of the golf properties available have sold this month. Month by month the average and median sales price for golf properties have been approximately $100,000 above that of the overall market.

There are new golf property subdivisions headed to Tucson and Marana within a matter of weeks.  Nestled in the Tortalita Mountains with the the Ritz-Carlton Resort in the back drop and where the Accenture Match Play Championship will be played every year. Thats another topic.

From Tubac to Saddlebrook, to Vail, there are a variety of golf properties already available in Tucson. What’s stopping you from taking advantage?

This entry was posted on Wednesday, May 28th, 2008 at 7:39 am and is filed under Tucson Golf Community, Tucson Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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