Tucson Real Estate & Tucson Home Search

Tucson Homes Newsletter August 2022

Tucson Homes Newsletter August 2022 & Real Estate Update

Latest Tucson News And Things to Do in Tucson AZ!

Welcome to the Tucson Homes Newsletter August 2022

Tucson Newsletter – June 2022 Market Report

Active Listings at the end of June 2022 increased 36.1% over May 2022 to 1,601 single family homes on the market. Year over year the inventory of homes increased 41.1% from June 2021. That is now 2 consecutive months Active Listings have increased, but the number of active listings remains at historical lows.

Rising mortgage interest rates appear to have put the brakes on buyers. Closed sales were down 20.6% from June 2021. Current rates are in the 5.75% to 6.25% range and will likely be going higher as the Fed is suggesting a 75 basis point hike in the second half of July 2022.

The Fed is attempting to slow inflation through higher Fed fund rates. Although mortgage rates are not directly link to the Fed funds rate, it is expected that mortgage rates will climb as well.

Will the Tucson housing market start of slow. Probably!

But the question is how much and when. Our July report should be the first signal of what is to come.

Read our May report for more…….

Tucson Homes Newsletter July 2022 Tucson Homes Stats Read Me

CLICK IMAGE
For The Report

HiFalutin – Bills Itself As A “Rapid Western Grill”

This Tucson restaurant has been serving good food in an upscale western decor restaurant since 2002. Servers wear 10 gallon hats and the service is very good – attentive and friendly.

Tables are a bit close together so there may be some noise in your conversation. Build a bridge, get over it.

The wait staff is super friendly and add to the cowboy feel of the restaurant. FYI if you are looking for the happy hour specials, plan to sit at the bar.

CLICK IMAGE
For More

Dantes Fire – A Restaurant That Belongs On Triple D

Dantes Fire presents fine food and casual atmosphere that caters to well, everyone. Start with our daily Happy Hour and feel welcome to hang out all night long.

The food is tasty and interesting, but they shine in the area of customer service. No matter which wait staff you get, the experience is super pleasant.

It is a bit quirky, slightly divey, but it is always fun!

The food good, but sometimes the service can be a bit slow.

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For More

Drive Or Ship – That Is The Question!

For many people that have a winter/seasonal home in Arizona, the big question they have is – “should we drive our car or ship it this year”?

Depending on where your summer home is that can be an easy or difficult question to answer.

The cost of gas, lodging, meals can be significant along with the TIME involved. All these factors need to be considered to make the better decision.

To help determine what is “right” for you, we have some thoughts for you to consider.

CLICK IMAGE
For More

CLICK IMAGE
For More

August 2022 Tucson Homes Newsletter – Gardening Tips For August/September

Water: Adjust the drip system to accommodate warming temps and monsoon season. Watch for wilting leaves that don’t recover overnight; adjust watering to eliminate stress. Remember to water plants in the morning. From the heat, watch for leaks in your drip system. Large established cacti and succulents will need supplemental watering if monsoon rains are scarce.

Fertilize: Trees, shrubs and vines using ammonium sulfate. Do NOT fertilize anything that goes dormant in winter.

Prune: All the stuff that went wild during the monsoon season.

Plant: Flowering bulbs, herbs, desert shrubs, cacti, euphorbia, agave, yucca, and palms.

What’s Happening Around Tucson

We had to search a bit, but here is what we found.

Here Are – 9 Things To Do In Tucson in August

Summer In Tucson – Discover Your Favorite Things To Do

Head To Mt. Lemmon – 10 Things To Do

Day Trip To – Pine Top

That’s it for now….

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!

Here is a sneak peak at next months issue – September 2022 Newsletter

Tucson Housing Market June 2022

June 2022 Update On Tucson Real Estate Market

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

The Tucson Housing Market June 2022 – Condos & Townhouses

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

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

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

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

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

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 Homes Newsletter July 2022

Tucson Homes Newsletter July 2022 & Real Estate Update

Latest Tucson News And Things to Do in Tucson AZ!

Welcome to the Tucson Homes Newsletter July 2022

Tucson Newsletter – May 2022 Market Report

May 2022 “Active Listings” increased 18.8% over April 2022 to 1,176 single family homes on the market. Year over year the inventory of homes increased 20.7% from May 2021. This is the first year over year increase in active listings in over a year.

The continued strong demand, historically low inventory and low interest rates are the market drivers for over 3 years. But interest rates are now headed UP! Current rates are in the 5.75% to 6.25% range and will likely be going higher. Will that slow housing demand and prices?

The Fed is attempting to slow inflation through higher Fed fund rates. Although mortgage rates are not directly link to the Fed funds rate, it is expected that mortgage rates will climb as well.

Will the housing market slow down in Tucson, AZ. Probably!

But the question is how much and when. Our July report should be the first signal of what is to come.

Read our May report for more…….

CLICK IMAGE
For The Report

Bata Restaurant – Downtown Tucson

Bata in the downtown Warehouse Arts District is dedicated to using open flame in the preparation of each menu item. Even deserts!

This new Tucson restaurant is housed in a historic 1930s warehouse at 35 E. Toole Avenue. Originally a warehouse, it was converted to office and retail space in the 1980s.

Bata keeps the original wood and metal bow truss ceiling decor. Exposed brick walls and polished the concrete floors create an modern industrial look.

The dining room is large. Two to six seat wood tables provide space for up to 90 diners.

The restaurant’s name also has Japanese origins. A shorthand term for Japanese style grilling called “robata”.

For more on this interesting Tucson restaurant……Click The Image

CLICK IMAGE
For More

Tucson Oro Valley Loop

What’s the Loop?

Well it is one of the most extensive trail systems in southern Arizona. 131 miles of paved trails where people can take in the scenes of Tucson.

The Loop is a family friendly activity and is for people of all ages and abilities.

Whether you are into walking, running, biking, cycling or skating, you can do it on the loop. Horse riding works too. In fact, if it doesn’t have a motor, it’s good to go on The Loop.

Are you ready to DO the LOOP?

CLICK IMAGE
For More

July 2022 Tucson Homes Newsletter – Gardening Tips For August

Water: Adjust the drip system to accommodate warming temps and monsoon season. Large established cacti and succulents will need supplemental watering if monsoon rains are scarce.

Fertilize: Trees, shrubs and vines using ammonium sulfate. Do NOT fertilize anything that goes dormant in winter.

Prune: All that went wild during the monsoon season.

Plant: Flowering bulbs, herbs, desert shrubs, cacti, euphorbia, agave, yucca, and palms.

What’s Happening Around Tucson

We had to search a bit, but here is what we found.

4th of July Events

“Goings On’ Around Tucson In July

Things To Do and Top Attractions

32 Fun Things To Do In July

How About August 2022 ——More

That’s it for now.

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 Homes Newsletter June 2022

Tucson Homes Newsletter June 2022 Real Estate Update

Latest News And Things to Do in Tucson AZ!

Welcome to the Tucson Homes Newsletter June 2022

Tucson Homes Newsletter June 2022 – Tucson Housing Market Update – April 2022

Once again, both Average and Median Sales Prices for single family homes increased in April 2022 – 12.9 % and 17.1 % respectively.

Active Listings increased a bit to 990 single family homes on the market at the end of April. That translates into a 0.8 month supply.

Tucson Homes Newsletter June 2022 Tucson Homes Stats Read Me

Click To Read

Diners Drive Ins And Dives And Tucson AZ

Did you know Diners Drive In and Dives visited Tucson? It was a few years ago in 2018.

Guy Fieri visited 6 restaurants and they all made the show. If you missed the shows during 2018 we have good news. All six restaurants are in business and continuing to serve Tucson customers.

An interesting aspect of the six restaurants selected is that none of them are serving traditional Mexican cuisine. Are your taste buds wanting more?

Take a dive into the six restaurants and what their menu looks like.

CLICK FOR THE DETAILS

Answers To Mortgage Questions

Interest rates have been going up making home buying a bit more expensive, but home values continue to rise. But is it still a good time to buy a home?

No matter what interests rates are, one should understand the mortgage loan process and get their questions answered before taking the plunge buying a home.

Start getting answers to your mortgage questions —-HERE!

CLICK FOR MORE

Take A Summer Break At Roosevelt Lake

June is the beginning of summer in southern Arizona. That means hot days and warm nights. A question frequently asked during the summer months is where can we get a water fix?

The answer that question may depend on how big of a boat you have. If you have a power boat, them you need to consider Theodore Roosevelt Lake.

Theodore Roosevelt Lake is one of four lakes created on the Salt River northeast of Phoenix. The completion of the Roosevelt Dam in 1911 created the Roosevelt Lake. The other three lakes are Saguaro Lake, Apache Lake and Canyon Lake.

Roosevelt Dam and Roosevelt Lake achieved a multi purpose goal. First, flood control. The dam allowed people to control the frequent flooding of the Salt River.

Intended or not, it also became and is today a great “water fix” in the summer for the residents of southern Arizona.

READ ON

Tucson Homes Newsletter June 2022 – Gardening Tips

Water: Adjust the drip cycle with the monsoons.

Fertilize: Shrubs and citrus trees before the end of August.

Observe: Watch for wilting leaves that don’t recover overnight; adjust watering to eliminate stress. Remember to water plants in the morning. This time of year even the native plants need supplemental water if it’s not raining.

Protect: We’re into our hottest season. Cover citrus trunks to prevent sunburn damage. Drape sensitive plants with shade cloth to protect from sun damage.

What’s Happening Around Tucson

Summer is HERE! That means all the BIG events are planing for 2023.

But there are still lots of things to do in Tucson, just more of them are indoors or in the evening.

Check out these helpful websites to find something of interest for you and your family.

ThisIsTucson.com

48 Things To Do In Tucson When Its Hot

25 Things To Do With Kids In Tucson This Summer

Cool Things To Do in Summer In Tucson and Southern Arizona!

Desert Chica
_______________________________________

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!

Here is a sneak peak at our next newsletter – July 2022 Newsletter

Tucson Homes Newsletter April – May 2022

Tucson Homes Newsletter April – May 2022 Real Estate Update

Latest Tucson Homes Newsletter April – May 2022 And Things to Do in Tucson AZ!

Welcome to the Tucson Homes Newsletter April – May 2022

Tucson Homes Newsletter April – May 2022 – Tucson Housing Market Update – March 2022

Both the Average and Median Sales Prices for single family homes had double digit gains in March 2022 – 15.6 % and 18.0 % respectively.

Active Listings fell to 869 single family homes on the market at the end of March. Setting another new historic low.

That rate of sales that translates into a 0.7 month supply.

Tucson Homes Newsletter April - May 2022 Tucson Homes Stats Read Me

Click To Read

Food And Wine Magazine Recognizes Tucson As One Of The Next Great Food Cities

Food and Wine Magazine is recognizing Tucson as one of the “Next Great Food Cities” in America. Tucson is one of Seven smaller cities in the United States to make the list.

The designation is based on creativity, innovation, diversity, and deliciousness of America’s seven most exciting up-and-coming destinations for food lovers.

CLICK TO READ

Mt Lemmon – A Great Day Trip In The Summer……And Winter?

Mt. Lemmon is a peak of the Catalina Mountains sits at an elevation of 9,157 feet. The Stewart observatories on Mount Lemmon are visible from the Oro Valley AZ area. The observatories are part of the University Of Arizona

Mt Lemmon is a great recreational destination in either summer or winter. Mt Lemmon has been a popular summer retreat for Tucson residents for decades. Winter finds Arizona residents and visiting tourists on the ski runs at Mt. Lemmon Ski Valley.

CLICK To Find Out More

Tucson Homes Newsletter April – May 2022 – Gardening Tips

Water: Drip system should accommodate warming temps. Make sure your citrus trees are getting enough water if they’re bearing fruit.

Fertilize: Established hibiscus, jasmine, roses and herbs with compost and fish emulsion.

Prune: After March 15th mature trees, shrubs, frost damaged plants, and bushes (bougainvillea).

Plant: Native trees, tomatoes & peppers, and seeds.

What’s Happening Around Tucson

38th Annual Ann Wade Fine Art & Photography Show

Apr 26, 2022 – Apr 30, 2022
Willcox Community Center

2022 Tucson International Mariachi Conference

April 29, 2022 – May 8, 2022
Tucson Convention Center

Wild Southwest Art Show and Sale

Feb 5, 2022 – Jun 25, 2022
Tucson Desert Art Museum

Sonoita Horse Races

May 7, 2022 – May 8, 2022
Sonoita Fairgrounds

Madaras Gallery: Master’s Series

May 1, 2022 – May 31, 2022
Madaras Gallery

Music Under the Stars

Sundays, May 8 – June 12, 2022
DeMeester Outdoor Performance Center, Reid Park

Willcox Wine Country Spring Festival
May 20, 2022 – May 22, 2022
Railroad Park in Downtown Willcox

Wyatt Earp Days

May 28 – 30, 2022
Tombstone

_______________________________________

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!

In case you missed it, here is last months newsletter – March 2022 Newsletter

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

The Tucson Housing Market March 2022 – Condos & 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

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

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

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

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

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 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.

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

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

Welcome to the Tucson Homes Newsletter March 2022

Tucson Homes Newsletter – February 2022 Housing Market Update

CLICK TO READ

The Town Of Oro Valley, AZ Offers Great Lifestyle Choices

Oro 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

Catalina 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 Restaurant – A Dining Experience That Takes You Back To The Old West

El 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

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
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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!

Here is a sneak peak at the April – May 2022 Newsletter

Tucson Homes Newsletter February 2022

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

Welcome to the Tucson Homes Newsletter February 2022

Tucson Homes Newsletter – January 2022 Housing Market Update

CLICK TO READ

Tucson Housing Market A “Hidden Gem” Says the National Association of Realtors

In 2021, single family existing-home prices rose at the fastest pace in five decades. The average year-over-year pace was 18%.

Gains reflected strong job growth, low mortgage rates and inadequate housing construction. Metro areas saw job growth with businesses and people moving more favorable climates.

These migrations increased among workers with the ability to work from home. In these cases homes did not have to be near a corporate headquarters.

Are there markets where home prices are still undervalued? Are there really Hidden Gem housing markets to be found?

According to the National Association of REALTORS® the answer is …..YES!

CLICK To Learn More

Downtown Clifton Hotel

Will you be visiting Tucson anytime soon? Do you know where you will be staying?

If the answers to these two questions are YES and NO, we have a suggestion. …….The Downtown Clifton Hotel.

The Downtown Clifton Hotel is unique among Tucson hotels. Built in 1948 along the route from Phoenix to Douglas Arizona.

A renovation in 2014 and expansion in 2019 created a unique hotel experience.

CLICK To Read More

Its location in Armory Park means all downtown Tucson dining and activities are easy to get to

Gardening Tips For The Winter Months

No Changes Here –

Water: Watering outside plants during this time should be kept to a minimum since this is their dormant period. Do not water cactus or succulents before frosts. Also watch for signs of fungus where things may become too wet.

Protect: December/January is a rainy period and are typically our coldest months so watch for freezing. Use styro foam cups on columnar cacti to prevent freezing. Cover citrus trees and plants on freezing nights. Lime trees and bougainvillea are especially vulnerable.

Harvest: Only harvest your citrus if several days of freezing are predicted. Cool weather is when you harvest citrus. Keep in mind the longer the fruit stays on the tree, you get the reward of sweeter fruit.

Rule of thumb, tangerines ripen first, then navel oranges, tangelos, lemons, and limes last.

Wait until April to cut back frost damaged citrus, bougainvillea and lantana. Great time to remove mistletoe from mesquite trees.

What’s Happening Around Tucson

Tucson Desert Song Festival, January – March, 2022

La Fiesta de los Vaqueros – Tucson Rodeo, Feb 19, 2022 – Feb 27, 2022

Sahuaro Classic Horse Show, Feb 23, 2022 – Feb 27, 2022

Rillito Park Horse Races – February 26 – April 3, 2022 – DON’T MISS THIS GREAT EVENT!

Cactus Classic Baseball – Feb 27, 2022 – Apr 3, 2022

34th Annual Arizona Renaissance Festival – Feb 5, 2022 – Apr 3, 2022

Tucson Festival of Books – Mar 12, 2022 – Mar 13, 2022 – University of Arizona Mall

Tubac Open Studio Tour, March 11 – 13, 2022

Broadway in Tucson: Jersey Boys – Mar 18, 2022 – Mar 20, 2022 – Centennial Hall

Annual Tombstone Wild West Days, March 19 – 20, 2022

Oro Valley Spring Festival of the Arts, Mar 26 – 27, 2022

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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!

By the way, if you missed last months newsletter here it is – January 2022 Newsletter

Tucson A Hidden Gem Housing Market For 2022 Says NAR

Top 10 Hidden Gem Housing Markets in 2022

Tucson Arizona Isn’t Hidden Any More!

The National Association of REALTORS® identifies 10 “Hidden Gem” housing markets for 2022. And Tucson, Arizona is on the list.

Looking back on 2021, single family existing-home prices rose at the fastest pace in five decades. The average year-over-year pace was 18%.

Gains reflected strong job growth, low mortgage rates and slower housing construction.

Metro areas that saw job and business growth to accommodate people moving to more desirable climates.

These migrations patterns increased when workers had the opportunity to work from home. The big consideration here is that “working from home” did not have to be near a corporate headquarters.

Are there markets where home prices are still undervalued?

According to the National Association of REALTORS® the answer is …..YES!

How They Made the Hidden Gem List

NAR’s 2022 Housing Market Hidden Gems identifies markets home prices are still undervalued.

These “hidden gems” should experience stronger price appreciation in 2022.

NAR reviewed 379 metro areas on seven indicators that drive housing demand.

The 10 “hidden gems” all had median home prices to median family income at the lower end of those areas.

To make the final top 10 hidden gem markets, NAR considered only metro areas with a population of at least 200,000.

Then came three big factors. All had positive job growth, positive wage growth, and positive net domestic migration.

With those factors considered, Tucson is in the top ten list of “hidden gem” metro areas. That is NO SURPRISE to those living in Tucson, AZ!

Considering A Home In Tucson, AZ?

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 duo, 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.

But most important, our professional service backgrounds mean we put you first!

Conclusion

Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.

Our website provides 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.

We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.

Are we the Tucson Realtors you have been looking for?

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!

BACK to the LIVING IN TUCSON page.

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

The Tucson Housing Market December 2021 – Condos & Townhouses

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

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

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

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

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

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.

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.