Premier Tucson Homes Newsletter October 2022

Premier Tucson Homes Newsletter October 2022 & Real Estate Update

Latest Tucson News And Things to Do in Tucson AZ!

Welcome to the Premier Tucson Homes Newsletter October 2022

Tucson Newsletter

Market Update – August 2022

Active Listings at the end of August 2022 increased 4.6% from July 2022 to 2,120 single family homes on the market. Year over year the inventory of homes increased 45.8%  from August 2021. Active listings continue to increase, but remain at historical lows.

The Fed is attempting to slow inflation through higher Fed fund rates with a 75 to 100 basis point increase in September. Although mortgage rates are not directly link to the Fed funds rate, it is expected that mortgage rates will climb as well.

Read our July report for more…….

Tucson Homes Newsletter July 2022 Tucson Homes Stats Read Me

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For The Report

Dove Mountain In Northwest Tucson, AZ

Considering a resort lifestyle for your winter retreat or retirement destination? Then put Dove Mountain on your list of places to consider.

Dove Mountain is about 20 minutes northwest of Tucson and provides a broad range of home and lifestyle choices. From smaller single family to large $1 million ++ homes with panoramic views of Tucson’s mountain ranges.

Looking for a 55+ adult community? There are 2 to choose from. For the active lifestyle, you name it, Dove Mountain has it.

Oh, did I mention the Ritz-Carlton Resort is located in Dove Mountain? An incredible facility with unmatched amenities and restaurants.

Learn more right here. Dove Mountain may be the place for your.

Dove Mountain Homes

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For More

 

Le Rendez-vousA French Restaurant In Tucson That Feels Like Paris

Le Rendez-Vous is an award-winning restaurant serving authentic French cuisine in Tucson, Arizona.

Tucson isn’t Paris, but Le Rendez-vous will make you think you are there. And they speak English.

Le Rendez-vous offers a quaint setting that reminds you of a French country home. White walls, black accents, and wood beamed ceiling. Simple, yet elegant.

And the best part – you won’t have to go to Paris to enjoy great French dining experience.

Le Rendez Vous Dining

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For More

Dude Ranches In Tucson – Experience The Old West First Hand

In the late 1880’s, ranchers in the Wild West would provide food and lodging to travelers crossing deserts lands on their was west. It was a common courtesy.

And in many cases the traveler provided the rancher some welcomed company.

As time went on, it became more acceptable for the guests to give some amount of  payment to the rancher. In the 1920s and 1930s, cars made travel a whole lot easier. This allowed more people the ability to experience the “old west” by spending a vacation on a dude ranch.

Tucson offers the old west experience on almost every budget and interest. Both the dude ranch and guest ranch can bring back the feel of the old west. Many with a level of comfort and luxury never imagined.

Newsletter august 2022

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Premier Tucson Homes NewsletterGardening Tips For October

Water: Adjust drip system for fall and cooling temps. Allow citrus trees to dry out between watering.

Prune: Only if there is a safety concern since we are going into the cooler fall/winter season.

Plant: Foliage,Poinsettias, Roses, and Fruit Trees.

  • Plant all kinds of perennials like penstemon, globe mallow, salvias and the like.
  • Best time to plant trees — native and non-native.
  • Get ready for fall planting in your veggie garden.
  • If you want to grow bulbs such as narcissus, tulips, lilies, iris and amaryllis, you can plant them now.
  • Already growing iris, now’s the time to divide them.

New plantings can follow this watering schedule from the Pima County Master Gardeners for newly planted native and desert adapted plants:

  • Weeks 1-2 every three to four days;
  • Weeks 3-4 every six to seven days;
  • Weeks 5-6, every seven to 10 days;
  • Weeks 7-8, every 10-14 days.
  • After week 8 gradually extend the time between irrigation’s until plants are established.

What’s Happening Around Tucson Fun in the Sun

 

Fall is in the air and that means lower temperatures and a lot more events to see!

Fall Artisan Market – Free Admission

October 1 & 2, 2022 – Saturday 10 am – 4 pm, Sunday 10 am – 4pm
Oro Valley Marketplace
12155 N Oracle Rd
Oro Valley, AZ 85737

For More Information – GO HERE

Sky Fall Islands Artisan Market – Free Admission

October 8 & 9, 2022 – Saturday 9 am – 5 pm, Sunday 10 am – 4 pm
Patagonia Town Park
325 McKeown Ave
Patagonia, AZ 85624

For More Information – GO HERE

La Encandata Fine Art Festival – Free Admission

October 22 & 23, 2022 – Saturday 10 am – 5 pm, Sunday 11 am – 4 pm
La Encantada Shopping Center
2905 E Skyline Dr
Tucson, AZ 85718
 
For More Information – GO HERE

Second Saturdays  – Free Admission

October 2022 – March 202310:30 am – 12 pm
Steam Pump Ranch
10901 N Oracle Road
Oro Valley, AZ 85737

For More Information – GO HERE

More Things To Do –

Annual Sonoita Quarter Horse Show – October 6-9, 2022

Tucson Meet Yourself – October 7 – 9, 2022

Annual Classic Car Show – October 15, 2022

Helldorado Days – Tombstone – October 21-23, 2022

 

And Even More Things To Do In Tucson In – OCTOBER

 

As always, when we know, you will know what’s “Going On In Tucson”.

Are you thinking of Tucson AZ as a place to live or find that perfect winter retreat? We can help.

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market August 2022 Results

Tucson Housing Market August 2022

Market Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Our Tucson Housing Market August 2022 Update shows real estate adjusting to higher interest rates and increasing home inventory. BUT, it is still a sellers market at this time in most price ranges.

Both the Average and Median Sales Prices for single family homes had year over year double digit gains – 11.6% and 12.6% respectively. Looking at the Year To Date changes for 2022 vs 2021 the increased are 13.3% and 16.3% respectively.

Active Listings increased to 2,120 at the end of August. That is up 45.8% from August 2021, BUT ONLY 4.6% from July 2022. At the current rate of sales that translates into a 1.8 months supply. Increasing, but still below historical levels and suggesting Sellers are still holding the cards.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The year over year Condo/Townhouse Average sales price jumped up 21.3% and Median was up 25.2%. There are 240 units on the market and that is up 42.0% over August 2021. A big gain year over year, but an increase of only 18 units from July 2022.

As existing home sales continue to soften nationwide and Tucson is following the trend.  The August 2022 Average Price of a Single Family Home decreased 2.4% from from July 2022.

Now for the details……

The Tucson Housing Market August 2022 – Single Family Homes

Double digit price gains and continued low – but increasing –  Inventory.

August 2022 Tucson Market

 

The Tucson Housing Market August 2022 – Condos & Townhouses

Strong price gains with marginal month over month inventory increases.

August Tucson Condos Townhouses 2022

 

Inventory of Condos and Townhouses stands at 240 units on the market. Up 42.0% from August 2021, but only 18 units or 8.1% month to month.

Average Sales Prices – Single Family Home Increased 11.6% Year Over Year & Condo/Townhouses gained 21.3%

Average Sales parice Tucson 2022

 

Median Sales Prices – Single Family Home Increased 12.6% Year Over Year & Condo/Townhouses gained 25.2%

August 2022 Tucson Median Prices

 

Active Listings – Single Family Homes Increased 45.8% From August 2021…..To 2120 & Condo/Townhouses Increased 42.0% to 240 Units

August Active Listngs 2022 Tucson

 

Average Days On Market (DOM) – 21 Days For Single Family Homes and 18 days for Condo/Townhouses At the End Of August

Days On Market August 2022

Percentage Of List Price Paid By Buyer – Both Single Family Homes and Condo/Townhouses Sold At 99.0% Of List Price

Percent List Price Tucson August

 

SELLERS continue to control of the market due to the low number of homes for sale, but the Sale/List price has dropped below 100%.

The big questions for the market are – What will mortgage rates do?  Will inventory continue to increase? Is inflation getting under control?

The demand for retirement or seasonal homes in Tucson remains strong and there is more inventory is available. One would expect the Sold/List price ratio to fall further.

The Drivers – Demand remains strong, mortgage rates from 5/35% to 6.25%, but inflation is up to the highest levels in 2+ decades.

Supply of homes for sale is growing and demand remains strong enough to move year over year prices up. How will those factors and lower mortgage interest rates effect buyers? Our August report should provide better insights.

Demand for new construction remains strong, but some builders are “managing” the number of homes they are committing to build due to raising material costs.

There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12++ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

And while home prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

August 2022 Mortgage Update

Mortgage rates have eased into a range from 4.675 % to 6.60% for a 30-year conventional loan depending on the lender. Inflation has increased the cost of home ownership, but Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 101.4% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Tucson Housing Market August 2022 continues to show strong year over year price increases. But higher prices and mortgage rates approaching 6% have cooled demand. Both home sales and mortgage applications have fallen from last years levels.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Long Realty Comeback

Following The Long Realty Come back In Tucson Arizona

Periodic Updates On The Tucson Real Estate Market Come Back

long realtyTucson Arizona’s long realty come back is profiled in our monthly Tucson Real Estate Market Update.

MLSSAS monthly data is summarized and compared to the prior year. For those wanting to take a deeper dive on where we “have been” in Tucson’s Long Realty Comeback read Past Issues right here.

 

Long Realty Come back News In The Tucson Realty Review Archives – 2022

January
February
March
April
May
June
July
August

Long Realty Come back News In The Tucson Realty Review Archives – 2021

January
February
March
April
May
June
July
August
September
October
November
December

Long Realty Come back News In The Tucson Realty Review Archives – 2020

January
February
March
April
May
June
July
August
September
October
November
December

2020 Market Review & 2021 Outlook

Long Realty Come back News In The Tucson Realty Review Archives – 2019

January
February
March
April
May
June
July
August
September
October
November
December

Long Realty Come back News In The Tucson Realty Review Archives – 2018

January – Summary
January – Detail
February – Summary
February – Detail
March – Summary
March – Detail
April – Summary
April – Detail
May – Summary
May – Detail
June – Summary
June – Detail
July – Summary
July – Detail
September – Summary
September – Detail
October – Summary
October – Detail
November – Summary
November – Detail
December – Summary
December – Detail

Long Realty Come back News In The Tucson Realty Review Archives – 2017

January – Summary
January – Detail
February – Summary
February – Detail
March – Summary
March – Detail
April – Summary
April – Detail
May – Summary
May – Detail
June – Summary
June – Detail
July – Summary
July – Detail
August – Summary
August – Detail
September – Summary
September – Detail
October – Summary
October – Detail
November – Summary
November – Detail
December – Summary
December – Detail

Long Realty Come back News In The Tucson Realty Review Archives – 2017

Long Realty Come back News In The Tucson Realty Review Archives – 2016

Long Realty Come back News In The Tucson Realty Review Archives – 2015

Long Realty Come back News In The Tucson Realty Review Archives – 2014

Long Realty Come back News In The Tucson Realty Review Archives – 2014

Long Realty Come back News In The Tucson Realty Review Archives – 2013

Want to dig even deeper into Tucson’s Real Estate historical data? Well, here you GO!

 

One of the coveted segments of Tucson Real Estate that continues to be strong are historic home in and around the City of Tucson Arizona. A key part of the long realty comeback.

What is a historic Tucson home?

A historic Tucson home is considered to have been built prior to the 1950’s.

Why would an old home be sought after? The answer is simple. There aren’t many homes that can offer the location, charm, character, and craftsmanship of a historic Tucson home.

Homes in the El Presidio neighborhood date back to the mid to late 1800’s. Homes have the old west Adobe style and downtown location. El Presidio homes are unique and treasured.

Popular historic Tucson neighborhoods include El Encanto, Sam Hughes and Catalina Vista. Each of these areas offers a style of home unique to each neighborhood.

See Historic Tucson Homes For Sale

When looking for a historic Tucson home the neighborhood is everything. The more notable the historic Tucson neighborhood the higher the price. Also, the more constant the demand will be of the homes.

An example of this would be the historic Tucson neighborhood of El Encanto. El Encanto and its sister neighborhood of Colonia Solana are on Broadway. They are across the street from each other.

Similar homes in El Encanto sell for 10%-15% more than in Colonia Solana. Why the premium? Simply, the name and reputation of the historic Tucson neighborhood.

El Encanto was Tucson’s first “Luxury Housing development”. Business leaders and notable Tucson residents built their homes in the El Encanto. As it grew it became a Tucson status symbol to live in the El Encanto area.

At the same time, Colonia Solana was being built across the street. For what ever reasons, El Encanto remains the “old money neighborhood of Tucson” not Colonia Solana. That distinction increases the value of an El Encanto home.

The story is the same for other historic Tucson neighborhoods

Sam Hughes is a prime example. Tell anyone you own a home in Sam Hughes and they will likely know where you live. The Sam Hughes Neighborhood is well known and highly sought after.

If you are looking for a historic Tucson home and can pay the premium, look in the more well known historic Tucson neighborhoods. The premium you pay will be worth it.

Although it may not be important in the decision-making process there is another advantage in owning a historic Tucson home. A BIG break in your property taxes. Historic Tucson neighborhoods identified as “National Historical Districts” pay lower property taxes.

Considering Tucson as a place to live or have a winter retreat? We can Help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

 

Tucson Housing Market July 2022 Results

The Tucson Housing Market July 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market July 2022 shows real estate reflects the effects of higher interest rates and increased inventory in July. However, it is still a sellers market at this time.

Both the Average and Median Sales Prices for single family homes had year over year double digit gains – 12.9% and 16.7% respectively.

Active Listings increased to 2,027 at the end of July. That is up 26.6% from June 2022and 52.6% from July 2021. At the current rate of sales that translates into a 1.7 months supply. Increasing, but still below historical levels and suggesting Sellers are still holding the cards.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The year over year Condo/Townhouse Average sales price jumped up 18.0% and Median 20.0%. There are 222 units on the market and that is up 26.9% over July 2021.

As existing home sales continue to soften nationwide, housing supply is improving, with inventory up for the second straight month. One would expect price growth to moderate as supply grows. But mortgage interest rates have slipped back under 5.0% which may spur buyers to step back in.

Now for the details……

The Tucson Housing Market July 2022 – Single Family Homes

TUCSON HOUSING MARKET July 2022 Report shows big price gains and continued low – but improving –  Inventory. Start your Tucson home search here….

Tucson Housing Market July 2022

 

The Tucson Housing Market July 2022 – Condos & Townhouses

Condo townhouse Market Tucson July 20223

 

Inventory of Condos and Townhouses stands at 222 units on the market. Up 26.9% from June 2021.

Average Sales Prices – Increased 12.9% Year Over Year For Single Family Homes And 18.0% For Condos/Townhouses

tucson Real Estate July Average sales price

 

Median Sales Prices – Increased 16.7% Year Over Year For Single Family Homes And 20.0% For Condos/Townhouses

Median Sales Price Tucson July 2022

 

Active Listings – Single Family Homes Increased 52.6% From July 2021…..To 2027 For Single Family Homes and 222 – Or 26.9% – Condo/TH.

Tucson active listings July 2022

 

Average Days On Market (DOM) – Stands At 18 Days For Single Family Homes and 14 days for Condo/Townhouses At the End Of June

Tucson az Day on Market july 2022

Percentage Of Listing Price Paid By Buyer – Is 100.0% For Single Family Homes And 100.2% for Condos/Townhouses

Percent Of Sales Price July 2022

 

SELLERS appear to remain in control of the market due to the low number of homes for sale. However, published mortgage interest rates eased into a range from 4.65% to 6.5%. Make sure to understand the terms, credit scores and points when getting a mortgage.

The big questions are – What will mortgage rates do?  Will inventory continue to increase? Is inflation getting under control?

The demand for retirement or seasonal homes in Tucson remains strong and more inventory is available.

The Drivers – Demand remains strong, mortgage rates easing, but inflation is up to the highest levels in 2+ decades.

Supply of homes for sale is growing and demand remains strong enough to move year over year prices up. How will those factors and lower mortgage interest rates effect buyers? Our August report should provide better insights.

Demand for new construction remains strong, but some builders are “managing” the number of homes they are committing to build due to raising material costs.

There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12++ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

And while home prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

July 2022 Mortgage Update

Mortgage rates have eased into a range from 4.675 % to 6.60% for a 30-year conventional loan depending on the lender. Inflation has increased the cost of home ownership, but Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 101.4% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Tucson Housing Market July 2022 continues to show strong year over year price increases. But higher prices and mortgage rates approaching 6% have cooled demand. Both home sales and mortgage applications have fallen from last years levels.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market June 2022 Results

The Tucson Housing Market June 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market June 2022 shows real estate is beginning to feel the effects of higher interest rates and increased inventory. However, in Tucson, it is still a sellers market at this time. Both the Average and Median Sales Prices for single family homes had year over year double digit gains – 11.0% and 13.2% respectively.

Active Listings increased to 1,601 at the end of June. That is up 36.1% from May and 41.1% from June 2021. At the current rate of sales that translates into a 1.3 months supply. Increasing, but still below historical levels and suggesting a Sellers market remains the norm.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The year over year Condo/Townhouse Average sales price jumped up 13.7% and Median 16.6%.

As existing home sales continue to soften nationwide, housing supply is improving, with inventory up for the second straight month.
 
One would expect price growth to moderate as supply grows. But for now, inventory remains low, and buyers are feeling the squeeze of higher prices all around.

Now for the details……

The Tucson Housing Market June 2022 – Single Family Homes

Tucson Housing Market June 2022 single family

 

The Tucson Housing Market June 2022 – Condos & Townhouses

June 2022 condo townhomes

 

Inventory of Condos and Townhouses stands at 191 units on the market. Up 29.1% from June 2021.

Average Sales Prices – Increased 11.0% Year Over Year For Single Family Homes And 13.7% For Condos/Townhouses

Tucson Average Sales Price June 2022

 

Median Sales Prices – Increased 13.2% Year Over Year For Single Family Homes And 16.6% For Condos/Townhouses

Tucson Median sale price june 2022

 

Active Listings – Single Family Homes Increased 41.1% From June 2021…..To 1,601 Single Family Homes and 191 Condo/TH.

tucson active listings june 2022

 

Average Days On Market (DOM) – Stands At 15 Days For Single Family Homes and 11 days for Condo/Townhouses At the End Of June

days on market tucson june 2022

Percentage Of Listing Price Paid By Buyer – Is 101.4% For BOTH Single Family Homes And Condos/Townhouses

Sold to list percent june 2022

 

Its is still a SELLERS market do to the low number of homes for sale, but with mortgage interest rates going up that is likely to shift. But when?

Stock market performance also influences many cash buyers. How soon and by how much remains to be seen.

The big question is how high will mortgage rates go and will inventory continue to increase? The demand for retirement or seasonal homes in Tucson remains strong. But will that continue as we move into late summer and mid term elections?

The Drivers – Demand remains strong, but mortgage rates are going up following inflation across the U.S.

Supply and demand continue to move prices up, but the effects of mortgage interest rates and inflation may be flattening the curve. At least the Fed thinks so.

Sellers remain in command as buyers look for their “perfect” home in a market with LOW inventory.

Demand for new construction remains strong, but some builders are “managing” the number of homes they are committing to build due to raising material costs.

There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12++ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

And while home prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

June 2022 Mortgage Update

Mortgage rates have increased into a range from 5.675 % to 6.125% for a 30-year conventional loan. But the Fed may be increasing their rates before the end of July. Some suggest 75 to 100 basis point increase.

Cost of ownership has increased, Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 101.4% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Tucson Housing Market June 2022 continues to show strong year over year price increases. But higher prices and mortgage rates approaching 6% have cooled demand. Both home sales and mortgage applications have fallen from last years levels.

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market April 2022 Results

The Tucson Housing Market April 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market April 2022 continues as a sellers market. Both the Average and Median Sales Prices for single family homes had double digit gains – 12.9% and 17.1 % respectively.

Active Listings increased from 869 to 990 single family homes on the market at the end of April. At the current rate of sales that translates into a 0.8 month supply.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The year over year Condo/Townhouse Average sales price jumped up 32.9% and Median 23.2%.

Now for the details……

The Tucson Housing Market April 2022 – Single Family Homes

Tucson April 2022 Single Family Homes

The Tucson Housing Market April 2022 – Condos & Townhouses

Condo Townhome April 2022 Tuson

 

Inventory of Condos and Townhouses stands at 128 units on the market. That is a drop of 14.1% from April 2021.

Average Sales Prices – Increased 12.9% Year Over Year For Single Family Homes And 32.9% For Condos/Townhouses

 

Tucson Housing Market Average Price

Median Sales Prices – Increased 17.1% Year Over Year For Single Family Homes And 23.2% For Condos/Townhouses

April 2022 Tucson Median Sale Price

 

Active Listings – Single Family Homes Decreased 4.4% From April 2021…..To 990 SFR And 128 Condo/TH.  How low can it go?

Tucson active listings april 2022

 

Average Days On Market (DOM) – Stands At 17 Days For Single Family Homes and 9 days for Condo/Townhouses

Days on market Tucson April @022

 

Thinking of putting your home on the market? List price is just is where Buyers Start In Today’s Market !

Percentage Of Listing Price Paid By Buyer – Is 101.8% For Single Family Homes & 102.6% For Condos/Townhouses

Tucson Percentage of list price April 2022

 

Its a SELLERS market in all price ranges, so when you find the “right” home, be ready to pay list price or OVER.

The Drivers – NO Changes Here! Strong Demand, Low Mortgage Rates Relative To Home Appreciation, And …….. Low Low Inventory

Demand is strong and inventory continues to set new historical lows. Supply and demand are driving prices up.

Sellers are in command as buyers look for their “perfect” home in a market with low — REALLY LOW — inventory.

Demand for new construction remain high. And the low number of “active listings” in the resale market is moving people to that choice. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12++ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

And while home prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

April 2022 Mortgage Update

Mortgage rates have increased into a range from 5.10% to 5.625% for a 30-year conventional loan. Even with these higher rates, 20+% year over year gains make buying a Tucson home an easy choice.

And Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 102% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market March 2022 Results

The Tucson Housing Market March 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson Housing Market March 2022 continues to be a sellers market. Both the Average and Median Sales Prices for single family homes had double digit gains – 15.6 % and 18.0 % respectively.

Active Listings fell to 869 single family homes on the market at the end of March. That rate of sales that translates into a 0.7 month supply.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The year over year Average sales price jumped up 32.2% and Median 31.5%.

Now for the details……

The Tucson Housing Market March 2022 – Single Family Homes

Tucson Housing Market March 2022

The Tucson Housing Market March 2022 – Condos & Townhouses

March 2022 Condo Townhouses

 

Inventory of Condos and Townhouses stands at 95 units on the market. That is a drop of 36.2% from March 2021.

Average Sales Prices – Increased 15.6% Year Over Year For Single Family Homes And 32.2% For Condos/Townhouses

 

Tucson Average home price march 2022

Median Sales Prices – Increased 18.0% Year Over Year For Single Family Homes And 31.5% For Condos/Townhouses

Tucson Median Sales Price March 2022

 

Active Listings – Single Family Homes Decreased 6.3% From March 2021…..How low can it go?

March Active Listings tucson 2022

 

Average Days On Market (DOM) – Stands At 22 Days For Single Family Homes and 14 days for Condo/Townhouses

Tucson Real Estate DOM March 2022

 

Thinking of putting your home on the market? List price is just is where Buyers Start In Today’s Market !

Percentage Of Listing Price Paid By Buyer – Is 101.2% For Single Family Homes & 101.8% For Condos/Townhouses

Percent of List Price Sold March 2022

 

Its a SELLERS market in all price ranges, so when you find the “right” home, be ready to pay list price or OVER.

The Drivers – NO Changes Here! Strong Demand, Historically Low Mortgage Rates And …….. Low Low Inventory

Demand is strong and inventory continues to set new historical lows. Supply and demand are driving prices up.

Sellers are in command as buyers look for their “perfect” home in a market with low — REALLY LOW — inventory.

Demand for new construction remain high. And the low number of “active listings” in the resale market is moving people to that choice. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12++ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $70,000++ for a standard no frills pool.

And while home prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

March 2022 Mortgage Update

Mortgage rates have increased into a range from 4.75% to 5.625% for a 30-year conventional loan. Even with these higher rates, 20+% year over year gains make buying a Tucson home an easy choice.

And Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction?

We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 102% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Homes Newsletter March 2022

Tucson Homes Newsletter March 2022

Quick Market Update – Interesting Topics – And Upcoming Events In Tucson AZ!

Tucson Homes Newsletter August 2014 BOLD+BuzzworthyR

Welcome to the Tucson Homes Newsletter March 2022

Tucson Homes Newsletter
Tucson Homes Newsletter – February 2022 Housing Market Update

tucson newsletter March 2022

CLICK TO READ

The Town Of Oro Valley, AZ Offers Great Lifestyle Choices

Tucson homes newsletter March 2022Oro Valley is a community north of Tucson, Arizona. It has a population of around 45,000. Oro Valley maintains a top position on the list of the best places to live in Arizona.

Notable publications list it as one of the best places in America.

Oro Valley offers residents modern suburban lifestyle with lots of amenities. Parks, play grounds, aquatic center and community recreation facility with golf are available to residents.

The public schools in Oro Valley offer strong academic programs.

To learn more about what make Oro Valley a great place to live…..TAKE A LOOK!

Where To Camp In Oro Valley —- Catalina State Park Of Course

Visit Catalina State ParkCatalina State Park has 120 campsites that have electric, water, and are either tent or RV ready.

The campground is in the shadows of the famed Catalina Mountains in Oro Valley. The location provides a vibe of a remote setting, but it is close to many amenities.

Native birds and wildlife abound and make your camping trip a memorable experience.

To learn more about the Catalina State Park or reserving a spot…….GO HERE!

El Corral RestaurantA Dining Experience That Takes You Back To The Old West

El Corral Tucson AZEl Corral Restaurant opened in 1926. It held the reputation as the first restaurant/cafe/tavern east of Oracle Road.

The El Corral you dine in today is in the same building. To no ones surprise modifications took place over time.

In 1939, the owner of El Corral Cafe, Leroy C. Perkins, subdivided land into Los Ranches Perkins.

The first dwellings built were guest cottages for a seasonal ranch. In 1946, the business name changed to El Corral Night Club, owned first by E.H. Bruening. The “Nightclub” name continued through the 1950s.

Agro Land and Cattle Co., Inc. obtained the restaurant in 1975. They continue the proud traditions started so long ago.

If you are thinking Prime Rib, check out El Corral…….HERE!

Gardening Tips For Spring

Warmer weather is on the way so adjust your drip-irrigation system to accommodate.

Do not fertilize your citrus trees when flowering. Always water before applying any fertilizer.

Wait until April to cut back frost damaged citrus, bougainvillea and lantana.

Now is the time to remove mistletoe from mesquite trees.

 

What’s Happening Around Tucson Fun in the Sun

 

37th Annual Tucson Folk Festival – Apr 1 – Apr 3, 2022

52nd Annual Fourth Avenue Spring Street Fair – Apr 1 – Apr 3, 2022

Tombstone Rose Festival and Parade – Apr 8 – Apr 10, 2022

Oro Valley Concert Series: Connie Brannock & Little House of Funk – Apr 14 – Apr 14, 2022

Arizona International Film Festival – April 20 – April 30, 2022
——-

Want MORE?…….Take a LOOK

Are you thinking of Tucson AZ as a place to live or find that perfect winter retreat? We can help.

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market January 2022 Results

The Tucson Housing Market January 2022

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Tucson Housing Market January 2022 Results shows the 2022 real estate market begins where 2021 left off. Both the Average and Median Sales Prices for a single family home had double digit gains – 13.6% and 20.7% respectively.

Active Listings to 997 single family homes on the market at the end of January. That rate of sales that translates into a 0.8 month supply.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price jumped up 13.4% and Median 22.2%.

Now for the details……

The Tucson Housing Market January 2022 – Single Family Homes

tucson housing market january 2022 results

The Tucson Housing Market January 2022 – Condos & Townhouses

tucson market January 2022

 

Inventory of Condos and Townhouses stands at 106 units on the market. That is a drop of 23.2% from January 2021.

Average Sales Prices – Increased 13.6% Year Over Year For Single Family Homes And 13.4% For Condos/Townhouses

january average sales price

Median Sales Prices – Increased 20.7% Year Over Year For Single Family Homes And 22.2% For Condos/Townhouses

median sales price tucson market

Active Listings – Single Family Homes Decreased 5.7% From January 2021

january 2022 active listings

Average Days On Market (DOM) – Stands At 24 Days For Single Family Homes

days on market

For Single Family Home Days On Market increased 4.0% from January 2021, or just 1 day. For Condo/Townhouses DOM decreased 19.2% from the prior year period, that’s 5 Days.

Thinking of putting your home on the market? Price it right and sell it – FAST!

Percentage Of Listing Price Paid By Buyer – Is 99.8% For Single Family Homes & 99.6% For Condos/Townhouses

percentage sales to list price

It is a SELLERS market, so when you find the right home, be ready to pay close to list price or OVER.

The Drivers – NO Changes Here! Strong Demand, Historically Low Mortgage Rates And Low Inventory

Demand is strong and inventory remains at historical lows. Supply and demand are driving prices up.

Sellers are in command as buyers look for their “perfect” home in a market with low — REALLY LOW — inventory.

Demand for new construction remain high. And the low number of “active listings” in the resale market is moving people to that choice. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12+ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $45,000 to $70,000 for a standard no frills pool.

And while prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

January 2022 Mortgage Update

Mortgage rates have increased into a range from 3.875% to 4.5% for a 30-year conventional loan. Even with these higher rates, 20+% year over year gains make buying a Tucson home an easy choice.

And Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer. But with homes selling at 99.8% of list price you have to ask yourself, “Will I feel bad if I don’t get this house?”

If the answer is no, then put in an offer you would feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If you think the home is right for you and your family, put in an offer you and your Realtor think is reasonable.That is likely to be at list or higher!

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.

Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!

 

Tucson Housing Market December 2021 Results

The Tucson Housing Market December 2021

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Tucson Housing Market December 2021 Results shows both the Average and Median Sales Prices for a single family home increased year over year, by 22.9% and 25.9% respectively. For the 2021 year, the Single Family Home Average Sales Price increased 24.2% and the Median Sales Price increased 23.1%.

Active Listings continue at historic lows with only 1,231 single family homes on the market at the end of December. That rate of sales that translates into a 1.0 month supply.

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price jumped up 27.4% and Median 22.3%.

Now for the details……

The Tucson Housing Market December 2021 – Single Family Homes

Tucson Market Report December 2021

The Tucson Housing Market December 2021 – Condos & Townhouses

December 2021 Tucson condo market

Inventory of Condos and Townhouses stands at 133 units on the market. That is a drop of 24.0% from December 2020.

Average Sales Prices – Increased 22.9% Year Over Year For Single Family Homes And 27.4% For Condos/Townhouses

Average Sale Price December 2021

Median Sales Prices – Increased 25.9% Year Over Year For Single Family Homes And 22.3% For Condos/Townhouses

tucson Median Sales Price December 2021

Active Listings – Single Family Homes Decreased 2.4% From December 2020

December 2021 Active Listings

Average Days On Market (DOM) – Stands At 24 Days For Single Family Homes

Days on Market December 2021 Tucson

For Single Family Home Days On Market increased 4.3% from December 2020, or just 1 day. For Condo/Townhouses DOM rose 9.5% from the prior year period, that’s 2Days.

Thinking of putting your home on the market? Price it right and sell it – FAST!

Percentage Of Listing Price Paid By Buyer – Is 99.6% For Single Family Homes & 100.6% For Condos/Townhouses

December sold to list price

It is a SELLERS market, so when you find the right home, be ready to pay close to list price or OVER.

The Drivers – NO Changes Here! Strong Demand, Low Mortgage Rates And Low Inventory

Demand is strong and inventory remains at historical lows. Supply and demand are driving prices up.

Sellers are in command as buyers look for their “perfect” home in a market with low — REALLY LOW — inventory.

Demand for new construction remain high. And the low number of “active listings” in the resale market is moving people to that choice. There are new homes are being built across Tucson, but in most cases a new construction home will cost more than a resale. Last but not least, new home buyers are waiting 8 to 12+ months to get in the their home.

Keep in mind when buying new construction, landscaping, decorating and window treatments are not included in the price. Want a pool, plan on $45,000 to $70,000 for a standard no frills pool.

And while prices continue to rise, Tucson is still a good value compared to many areas in the U.S

If a “fixer upper” has even a small appeal, check out a 203K FHA loan. Its a good option to have in your pocket when buying a home in Tucson, AZ.

December 2021 Mortgage Update

Mortgage rates have increased to 3.5% to 4.0% for a 30-year conventional loan. Even with these higher rates, 20+% year over year gains make buying a Tucson home an easy choice.

And Tucson remains one of the lower cost of living cities in Arizona and the U.S.

The greater Tucson area continues as a top pick for cities to live in across the United States.

Considering A Home Tucson?

Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.

We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor team, we invest the time to understand your home buying interests and desires.

At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.

Why? We want you to know what to expect. And what to plan for.

Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home.

Review our profiles. Check out our backgrounds, education, and certifications.

We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services.

We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!

When submitting an offer

Given current inventory levels, low ball offers aren’t getting traction. So, if you “really” want the home, make a “reasonable” offer.

You have to ask yourself, “Will I feel bad if I don’t get this house?” If the answer is no, then put in an offer you would feel is a steal and see what happens. But your chances of a “great deal” aren’t good.

If the answer is yes, put in an offer you and your Realtor think is reasonable.

We will work with you to understand your objectives and analyze the market to determine – as best we can – a price range for the home you want to buy or sell.

Longer term Tucson housing market trends can be found for Tucson Real Estate Trends 2006 to 2012 annual along with summaries of 2013 and 2014 annual data.

Go to the Tucson housing report archives for a look at recent housing reports and trends. Our outlook for 2015 is available in our latest issue of Tucson Realty Review.

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients say that, not us. Hopefully, you will agree.

Our website provides lots of information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.

We are ready to answer your questions and help you get the information you are looking for. Pandemic or not, we are on the job and ready to assist you find your future home or winter retreat in the Greater Tucson area.

Search the Tucson MLS for your dream home in Tucson Arizona using your criteria. Use the Tucson MLS Map to see where the Tucson MLS Areas are located.

Looking for a home in Tucson or planning for a future retirement in Tucson AZ? We can help!

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Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!