Tucson Housing Market December 2021 Results

Tucson Real Estate – 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!

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 November 2021 Results

The Tucson Housing Market November 2021

Quick Update From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Tucson Housing Market November 2021 Results shows both the Average and Median Sales Prices for a single family home increased year over year, by 20.5% and 21.0% respectively.

Active Listings continue at historic lows with only 1,781 single family homes on the market at the end of November. At the November rate of sales that translates into a 1.2 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 17.2% and Median 17.2%. NO it isn’t a typo, they were both 17.2% year over year.

Now for the details……

The Tucson Housing Market November 2021 – Single Family Homes

Tucson Housing Market November 2021

The Tucson Housing Market November 2021 – Condos & Townhouses

Inventory of Condos and Townhouses stands at 195 units on the market. That is a drop of 27.0% from November 2020.

Condo Townhome November 2021 Tucson

Average Sales Prices – Increased 20.5% Year Over Year For Single Family Homes And 17.2% For Condos/Townhouses

Tucson az Average home sales price november 2021

Median Sales Prices – Increased 21.0% Year Over Year For Single Family Homes And 27.2% For Condos/Townhouses

Tucson home prices median november 2021

 

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

Active Listings November 2021

Average Days On Market (DOM) – Stands At 21 Days For Single Family Homes

For Single Family Home Days On Market dropped 12.5% from November 2020, down – 3 days. For Condo/Townhouses DOM dropped 33.3% from the prior year period – 16 Days.

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

November 2021 Days on market tucson az

 

Percentage Of Listing Price Paid By Buyer – Is 99.8% For Single Family Homes & 100.3% For Condos/Townhouses

Not a lot of negotiating going on! If you find the right home, be ready to pay very close to list price or OVER in hot subdivisions.

Percent of List at sale tucson

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.

New construction home sales remain high. And the low number of “active listings” in the resale market is moving people to that choice. New homes are being built across Tucson. But in most cases, that new construction home will likely cost more than a resale.

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.

November 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 October 2021 Results

The Tucson Housing Market October 2021

A Quick Look At The Market By Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 report Our Tucson Housing Market October 2021 Report shows the Average and Median Sales Prices for single family homes continue to increase year over year. October’s Average Price and Median Price for single family homes increased by 19.2% and 22.3%, respectively.

Active Listings INCREASED 36.2% from the prior month but fell 3.5% from the prior year. Although improving, home inventory continues at historic lows with 1,963 single family homes on the market at the end of October. That translates to a 18 DAY supply.

As we have been saying…….If you see it, even think you like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price moved up 12.6% and Median 17.2%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Tucson Housing Market October 2021 – Overview – Single Family Homes

Tucson Housing Market October 2021

The Tucson Housing Market October 2021 – Condos & Townhouses

Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 192.

condo townhouse tucson october 2021

Now the October Details…….

Average Sales Prices – Increased 19.2% Year Over Year For Single Family Homes And 12.6% For Condos/Townhouses

Tucson housing market october 2021

Median Sales Prices – Increased 22.3% Year Over Year For Single Family Homes And 17.2% For Condos/Townhouses

October 2021 Tucson home market

Active Listings – Single Family Homes Decreased 4.4% From October 2020 To………. 1,963 Homes And Condo/TH At 192.

October 2021 Tucson home market

Average Days On Market (DOM) – Stands At 18 Days For Single Family And 15 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 18.2% from October 2020, down – 4 days. For Condo/Townhouses DOM dropped 31.8% from the prior year period – down 7 Days.

tucson homes days on market october 2021

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

Percentage Of Listing Price Paid By Buyer – Is 100.0% For Single Family Homes and 99.9% For Townhouses/Condos

home market tucson october 2021

Want to negotiate? …………Forget about it!

If you find the right home, be ready to pay very close to list price or OVER in many areas of greater Tucson.

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

Demand is strong and inventory continues at striking historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

Arizona is one of the top states people are moving to. Buyers are coming in from California, Oregon, Washington and places that June surprise you. Here is a article on where they are coming from.

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

And the low number of “active listings” in the resale market was moving people to new construction. But new construction home builders are limiting the number of sales per month. It may be hard to comprehend, but some have stopped selling.

Why? Exposure to the increasing cost of supplies and the inability to hire workers.

New homes are still an option, but expect to wait longer for it to be completed. Also, that new construction home will likely cost more than a resale.

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 although 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.

October 2021 Mortgage Update

Mortgage rates are around 3.0% for a 30-year conventional loan. Jumbo loans in the low 3 percents as well. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….100.0 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 September 2021 Results

The Tucson Housing Market September 2021

A Quick Look At The Market By Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 report Our Tucson Housing Market September 2021 Report shows the Average and Median Sales Prices for single family homes continuing to increase year over year by 20.7% and 24.6%, respectively.

Active Listings DECREASED SLIGHTLY from the prior month and continue at historic lows with 1,441 single family homes on the market at the end of August. That translates to a 14 DAY supply.

As we have been saying…….If you see it, even think you like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price moved up 11.1% and Median 25.0%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

Now the September 2021 details ……

The Tucson Housing Market September 2021 – Overview – Single Family Homes

Tucson Housing Market September 2021

The Tucson Housing Market September 2021 – Condos & Townhouses

Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 168.

condos Townhouses Tucson Real Estate

Now the Details…….

Average Sales Prices – Increased 20.7% Year Over Year For Single Family Homes And 11.1% For Condos/Townhouses

Tucson September Real Estate

Median Sales Prices – Increased 24.6% Year Over Year For Single Family Homes And 25.0% For Condos/Townhouses

Tucson Median Sale Price Septemter 2021

Active Listings – Single Family Homes Decreased 3.5% From September 2020 To………. 1,441 Homes And Condo/TH At 168.

Active Listings Tucson September 2021

Average Days On Market (DOM) – Stands At 14 Days For Single Family And 11 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 41.7% from September 2020, down – 10 days. For Condo/Townhouses DOM dropped 52.2% from the prior year period – down 12 Days.

Days on Market September 2021 Tucson

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

Percentage Of Listing Price Paid By Buyer – Is 100.5% For Single Family Homes and 101.1% For Townhouses/Condos

Percentage of List Price Tucson 2021

Want to negotiate? …………Forget about it!

If you find the right home, be ready to pay very close to list price or OVER in many areas of greater Tucson.

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

Demand is strong and inventory continues at striking historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

Arizona is one of the top states people are moving to. Buyers are coming in from California, Oregon, Washington and places that June surprise you. Here is a article on where they are coming from.

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

And the low number of “active listings” in the resale market was moving people to new construction. But new construction home builders are limiting the number of sales per month. It may be hard to comprehend, but some have stopped selling.

Why? Exposure to the increasing cost of supplies and the inability to hire workers.

New homes are still an option, but expect to wait longer for it to be completed. Also, that new construction home will likely cost more than a resale.

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 although 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.

September 2021 Mortgage Update

Mortgage rates are around 3.0% for a 30-year conventional loan. Jumbo loans in the low 3 percents as well. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….100.5 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 2021 Results

The Tucson Housing Market August 2021

A Quick Look At The Market By Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 report Our Tucson Housing Market August 2021 Report shows the Average and Median Sales Prices for single family homes increased year over year –  AGAIN – by 16.9% and 20.9%, respectively.

Active Listings DECREASED SLIGHTLY from the prior month and continue at historic lows with 1,226 single family homes on the market at the end of August. That translates to a 12 DAY supply.

OMG….. What can you say? If you see it, even think you like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price moved up 25.3% and Median 20.9%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Quick Look at the August 2021 data ……

The Tucson Housing Market August 2021 – Overview – Single Family Homes

Tucson Real Estate Market August 2021

The Tucson Housing Market August 2021 – Condos & Townhouses

Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 140.

Tucson Condo Townhomees August 202`1

Now the Details…….

Average Sales Prices – Increased 16.9% Year Over Year For Single Family Homes And 25.3% For Condos/Townhouses

Tucson Average Sales Price August 2021

Median Sales Prices – Increased 20.9% Year Over Year For Single Family Homes And 20.9% For Condos/Townhouses

August 2021 tucson Median Sales Price

Active Listings – Single Family Homes Decreased 16.1% From August 2020 To………. 1,226 Homes And Condo/TH At 140.

Tucson Listings August 2021

Average Days On Market (DOM) – Stands At 12 Days For Single Family And 10 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 58.6% from August 2020, down – 17 days. For Condo/Townhouses DOM dropped 61.5% from the prior year period – down 16 Days.

Days On Market Tucson August 2021

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

Percentage Of Listing Price Paid By Buyer – Is 101.1% For Single Family Homes and 101.3% For Townhouses/Condos

August 2021Tucson Market Percent of List Pricwe

Want to negotiate? …………Forget about it!

If you find the right home, be ready to pay very close to list price or OVER in many areas of greater Tucson.

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

Demand is strong and inventory continues at striking historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

Arizona is one of the top states people are moving to. Buyers are coming in from California, Oregon, Washington and places that June surprise you. Here is a article on where they are coming from.

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

And the low number of “active listings” in the resale market was moving people to new construction. But new construction home builders are limiting the number of sales per month. It may be hard to comprehend, but some have stopped selling.

Why? Exposure to the increasing cost of supplies and the inability to hire workers.

New homes are still an option, but expect to wait longer for it to be completed. Also, that new construction home will likely cost more than a resale.

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 although 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 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. Jumbo loans in the low 3 percents. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….101.1 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 2021 Results

The Tucson Housing Market July 2021

A Quick Look At The Market By Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 report Our Tucson Housing Market July 2021 Report shows the Average and Median Sales Prices for single family homes increased – YET AGAIN -year over year, by 23.9% and 22.2%, respectively.

Active Listings increased over the prior month, but continue at historic lows with 1,109 single family homes on the market at the end of July. That translates to a 12 DAY supply.

OMG….. If you see it, even think you like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price moved up 34.2% and Median 31.4%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Quick Look at the July 2021 data ……

The Tucson Housing Market July 2021 – Overview – Single Family Homes

Tucson Housing Market July 2021

The Tucson Housing Market July 2021 – Condos & Townhouses

Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 144.

Tucson Real Estate Market Condos July 2021

Now the Details…….

Average Sales Prices – Increased 23.9% Year Over Year For Single Family Homes And 34.2% For Condos/Townhouses

Average Sale Price Tucson Az Juy 2021

Median Sales Prices – Increased 22.2% Year Over Year For Single Family Homes And 31.4% For Condos/Townhouses

Tucson Median Sale Price July 2021

Active Listings – Single Family Homes Decreased 28.5% From July 2020 To………. 1,109 Homes.

Tucson Homes For Sale July 2021

Average Days On Market (DOM) – Stands At 12 Days For Single Family And Condos/Townhouses

For Single Family Home Days On Market dropped 65.7% from July 2020, down – 23 days. For Condo/Townhouses DOM dropped 61.3% from the prior year period – down 19 Days.

Tucons Homes Days On Market July 2021

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

Percentage Of Listing Price Paid By Buyer – Is 101.9% For Single Family Homes and 101.6% For Townhouses/Condos

Tucson Homes Percent sold to list price July 2021

Want to negotiate? Forget about it! If you find the right home, be ready to pay very close to list price or OVER in many areas of greater Tucson.

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

Demand is strong and inventory continues at striking historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

Arizona is one of the top states people are moving to. Buyers are coming in from California, Oregon, Washington and places that June surprise you. Here is a article on where they are coming from.

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

And the low number of “active listings” in the resale market was moving people to new construction. But new construction home builders are limiting the number of sales per month. It may be hard to comprehend, but some have stopped selling.

Why? Exposure to the increasing cost of supplies and the inability to hire workers.

New homes are still an option, but expect to wait longer for it to be completed. Also, that new construction home will likely cost more than a resale.

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 although 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 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. Jumbo loans in the low 3 percents. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….101.9 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 2021 Results

The Tucson Housing Market June 2021

A Quick Look At The Market By Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 report Our Tucson Housing Market June 2021 Report shows the Average and Median Sales Prices for single family homes increased – AGAIN -year over year, by 37.0% and 31.5%, respectively.

Active Listings increased over the prior month, but continue at historic lows with 901 single family homes on the market at the end of June. That translates to a 12 DAY supply.

OMG….. If you see it, like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price moved up 23.8% and Median 29.6%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Quick Look at the June 2021 data ……

The Tucson Housing Market June 2021 – Overview – Single Family Homes

tucson Housing Market Single Family

The Tucson Housing Market June 2021 – Condos & Townhouses

Although not shown in the information below, the inventory of Townhouse/Condo units stands at 118.

Condo Townhome Housing Market Tucson June 2021

Now the Details…….

Average Sales Prices – Increased 37.0% Year Over Year For Single Family Homes And 23.8% For Condos/Townhouses

Tucson Housing Market June Average Sales Price

Median Sales Prices – Increased 31.5% Year Over Year For Single Family Homes And 29.6% For Condos/Townhouses

June 2021 Median Sales Price Tucson

Active Listings – Single Family Homes Decreased 42.2% From June 2020 To………. 901 Homes.

Tucson Active Listings Jume 2021

Average Days On Market (DOM) – Stands At 12 Days For Single Family And 9 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 67.6% from June 2020, down – 25 days. For Condo/Townhouses DOM dropped 69.0% from the prior year period – down 20 Days.

June 2021 Days on market Tucson

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

Percentage Of Listing Price Paid By Buyer – Is 101.9% For Single Family Homes and 102.6% For Townhouses/Condos

Tucson Percentage Of List Paid June 2021

Want to negotiate? Forget about it! If you find the right home, be ready to pay very close to list price or OVER in many areas of greater Tucson.

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

Demand is strong and inventory continues at striking historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

Arizona is one of the top states people are moving to. Buyers are coming in from California, Oregon, Washington and places that June surprise you. Here is a article on where they are coming from.

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

And the low number of “active listings” in the resale market was moving people to new construction. But new construction home builders are limiting the number of sales per month. It may be hard to comprehend, but some have stopped selling.

Why? Exposure to the increasing cost of supplies and the inability to hire workers.

New homes are still an option, but expect to wait longer for it to be completed.  Also, that new construction home will likely cost more than a resale.

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 although 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 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. Jumbo loans in the low 3 percents. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….102.0 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 May 2021 Results

The Tucson Housing Market May 2021

A Quick Look At The Market By Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 reportThe Tucson Housing Market May 2021 Results shows the Average and Median Sales Prices for single family homes increased year over year, by 42.2% and 31.8%, respectively.

Active Listings continue at historic lows with 752 single family homes on the market at the end of May. That translates to a 13 DAY supply.

OMG….. If you see it, like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price up 21.3% and Median 29.2%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Quick Look at the May 2021 data ……

The Tucson Housing Market May 2021 – Overview – Single Family Homes

Tucson Housing Market May 2021

The Tucson Housing Market May 2021 – Condos & Townhouses

Inventory of Condos and Townhouses stands at 120 units on the market. That is a drop of 61.2% from May 2020.

Tucson Market Report May 2021

Now the Details…….

Average Sales Prices – Increased 42.2% Year Over Year For Single Family Homes And 21.3% For Condos/Townhouses

Tucson Housing Market May 2021

Median Sales Prices – Increased 31.8% Year Over Year For Single Family Homes And 29.2% For Condos/Townhouses

Housing Market May 2021

Active Listings – Single Family Homes Decreased 61.0% From May 2020 To………. 752 Homes

Tucson Active Listings May 2021

Average Days On Market (DOM) – Stands At 13 Days For Single Family And 10 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 56.7% from May 2020, down – 17 days. For Condo/Townhouses DOM dropped 63.0% from the prior year period – down 17 Days.

Days on Market Tucson May 2021

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

Percentage Of Listing Price Paid By Buyer – Is 102.0% For Single Family Homes and 101.6% For Townhouses/Condos

Tucson Percent Sales Price May 2021

Want ot negotiate? Forget about it!  If you find the right home, be ready to pay very close to list price or OVER in many areas of  greater Tucson.

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

Demand is strong and inventory continues at striking historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

Arizona is one of the top states people are moving to. Buyers are coming in from California, Oregon, Washington and places that may surprise you. Here is a article on where they are coming from.

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

New construction home sales remain high. And the low number of “active listings” in the resale market is moving people to that choice. New homes are being built across Tucson. But in most cases, that new construction home will likely cost more than a resale.

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.

May 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. Jumbo loans in the low 3 percents. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….102.0 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 2021 Results

The Tucson Housing Market April 2021

A Quick Look At The Market From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 reportThe Tucson Housing Market April 2021 Results shows the Average and Median Sales Prices for single family homes increased year over year, by 33.8% and 28.2%, respectively.

Active Listings continue at historic lows with 794 single family homes on the market at the end of April. At the April rate of sales that translates to a 16 DAY supply.

OMG….. If you see it, like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price up 11.7% and Median 20.3%.

For a look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Quick Look at the April 2021 data ……

The Tucson Housing Market April 2021 – Overview – Single Family Homes

Tucson Housing Market Aprip 2021

The Tucson Housing Market April 2021 – Condos & Townhouses

Inventory of Condos and Townhouses stands at 120 units on the market. That is a drop of 61.2% from April 2020.

Tucson Housing Market Condos townhomes

Now the Details…….

Average Sales Prices – Increased 33.8% Year Over Year For Single Family Homes And 11.7% For Condos/Townhouses

Tucson Housing Market Average Sale Price April 2021

Median Sales Prices – Increased 28.2% Year Over Year For Single Family Homes And 20.3% For Condos/Townhouses

Median Sales Price April 2021 Tucson Housing

Active Listings – Single Family Homes Decreased 64.1% From April 2020 To………. 794 Homes

Active Listings Tucson April 2021 Housing Market

Average Days On Market (DOM) – Stands At 15 Days For Single Family And 12 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 51.6% from April 2020, down – 16 days. For Condo/Townhouses DOM dropped 45.5% from the prior year period – down 11 Days.

Tucson Housing Market April 2021 Days on Market

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

Percentage Of Listing Price Paid By Buyer – Is 101.4% For Single Family Homes and 100.8% For Townhouses/Condos

April 2021 Tucson Housing Market

Not a lot of negotiating going on! If you find the right home, be ready to pay very close to list price or OVER in the hot subdivisions.

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

Demand is strong and inventory is at historical lows. Supply and demand are driving prices up with cash buyers standing in line to buy a Tucson home.

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

New construction home sales remain high. And the low number of “active listings” in the resale market is moving people to that choice. New homes are being built across Tucson. But in most cases, that new construction home will likely cost more than a resale.

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.

April 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….101.4 % for Single Family Homes.

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 will get an accepted offer.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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 2021 Results

The Tucson Housing Market March 2021

A Quick Look At The Market From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

Tucson housing market 2020 reportThe Tucson Housing Market March 2021 Results shows the Average and Median Sales Prices for single family homes increased year over year, by 25.9% and 25.5%, respectively.

Active Listings continue at historic lows with only 682 single family homes on the market at the end of March. At the March rate of sales that translates to a 0.5 month supply.

OMG….. If you see it, like it, buy it …. FAST!

Following single family homes, the Average and Median Sales price for Condos and Townhouses moved up as well. The Average sales price up 20.5% and Median 13.1%.

For a quick look back at the 2020 Housing Market and 2021 Forecast……GO Here!

The Quick Look ……

The Tucson Housing Market March 2021 – Overview – Single Family Homes

The Tucson Housing Market March 2021 – Condos & Townhouses

Inventory of Condos and Townhouses stands at 111 units on the market. That is a drop of 64.0% from March 2020.

 

Now the Details…….

Average Sales Prices – Increased 25.9% Year Over Year For Single Family Homes And 20.5% For Condos/Townhouses

 

Median Sales Prices – Increased 25.5% Year Over Year For Single Family Homes And 13.1% For Condos/Townhouses

 

Active Listings – Single Family Homes Decreased 71.1% From March 2020 To………. 682 Homes

 

Average Days On Market (DOM) – Stands At 20 Days For Single Family And 16 Days For Condos/Townhouses

For Single Family Home Days On Market dropped 45.9% from March 2020, down – 17 days. For Condo/Townhouses DOM dropped 40.7% from the prior year period – down 11 Days.

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

 

 

Percentage Of Listing Price Paid By Buyer – Is 100.7% For Single Family Homes and Townhouses/Condos

Not a lot of negotiating going on! If you find the right home, be ready to pay very close to list price or OVER in the hot subdivisions.

 

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

Demand is strong and inventory is 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.

New construction home sales remain high. And the low number of “active listings” in the resale market is moving people to that choice. New homes are being built across Tucson. But in most cases, that new construction home will likely cost more than a resale.

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.

March 2021 Mortgage Update

Mortgage rates are under 3.0% for a 30-year conventional loan. OMG, who would have thought that. And down payment requirements have been relaxed …….a bit.

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson 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 is 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. Remember the Percentage Of Sales Price To List shown above…….99.4% for Single Family Homes.

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!

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

Check out our recent Tucson Real Estate Newsletters. Review the economic & financial information for Tucson Arizona – HERE!

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!