Update For October 2013 With Tucson Trends and Outlook
The Tucson Realty review suggests challenges and continued improvement. Tucson home sales, selling prices and brand new home starts continue to recover. Slowly but surely.
However, some uncertainty appears to have crept into the Tucson realty marketplace. Clearly, the recent federal shutdown has not helped any housing markets. Mortgage applications were postponed when lenders were unable to verify Social Security data. Lenders were also unable to review tax documents through the government portals.
This event has caused damage in consumer confidence. A setback in confidence will most likely hurt Tucson Arizona housing demand.
The real estate market has encountered multiple challenges during the forth quarter. Many of the issues have become “tag” lines for reporters and the media. The economic impact due to the Federal government shutdown, debt ceiling issues and tapering fed support are unclear.
What ever the outcome, the stale mate in Washington D.C. is exceedingly disruptive.
The ultimate impact on the housing market and financial arena won’t be known for some months. It is likely the sluggish but steady gains during the first 3 quarters may be stopped cold.
Now What?
The Tucson realty outlook sees a lot fewer troubled homes being listed in the Tucson MLS. There are some faint suggestions lenders are becoming more aggressive. Those factors alone help long-term prospects. Hopefully, it will also help Tucson Real Estate buyer became more optimistic.
Since September 2012, active listings have increased over 20%. Home prices have also increased. In December 2011, the average selling price per square foot was $82. That increased to $98 one year later. The average selling price as of October 2013 has increased $6.
During 2013 the percentage of cash buyers ( usually investors ) has decreased. Tucson Association of Realtors MLS data shows Cash buyers in January 2013 stood at 37% of home sales. This has decreased to under 30% in October. As one would expect, conventional loans have increased during this same period.
Hopefully, the underlying patterns continue to suggest a slow but continued improvement in the Tucson real estate market.
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!
Quick Market Update – Interesting Topics – And Upcoming Events In Tucson AZ!
Welcome to the Tucson Homes Newsletter December 2021
Tucson Homes Newsletter – November 2021 Housing Market Update
CLICK TO READ
Tucson Homes Newsletter December 2021 – Dude Ranches in Tucson Arizona
Dude Ranches fondly known as Guest Ranches were part of the old west. Baby boomers remembering the Tom Mix & John Wayne movies as kids flocked to southern Arizona as adults to stay at a “Dude” Ranch.
Dude ranches still exist in the greater Tucson area and may just be a perfect vacation for your family!
CLICK TO READ
Tucson Homes Newsletter – Things To Do In Winter In Tucson
Winter snow and cold temperatures means many people will be traveling to warm weather states. One of the first choices is southern Arizona and the city of Tucson. Seasonal residents are already comfortably nested in their “snowbird” homes. Many of them have already prepared their list of “things to do“. But you don’t, or you are new to Tucson’s active winter season, here is our list of things to do in the winter season.
CLICK TO READ
Wishing You and Your Family A Wonderful Holiday Season And A HAPPY NEW YEAR!
Gardening Tips For The Winter Months
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 styrofoam 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.
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!
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
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.
Average Sales Prices – Increased 20.5% Year Over Year For Single Family Homes And 17.2% For Condos/Townhouses
Median Sales Prices – Increased 21.0% Year Over Year For Single Family Homes And 27.2% For Condos/Townhouses
Active Listings – Single Family Homes Decreased 2.4% From November 2020
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!
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.
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.
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!
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
The Tucson Housing Market October 2021 – Condos & Townhouses
Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 192.
Now the October Details…….
Average Sales Prices – Increased 19.2% Year Over Year For Single Family Homes And 12.6% For Condos/Townhouses
Median Sales Prices – Increased 22.3% Year Over Year For Single Family Homes And 17.2% For Condos/Townhouses
Active Listings – Single Family Homes Decreased 4.4% From October 2020 To………. 1,963 Homes And Condo/TH At 192.
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.
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
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.
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!
Latest Tucson Real Estate Update And Things to Do in Tucson AZ!
Welcome to the Tucson Homes Newsletter October 2021
Tucson Homes Newsletter October 2021 – TUCSON MLS REPORT
September 2021 Average Sales Price by 20.5% Year over year. Active Listings were DOWN 18.60% from the prior year.
What do you think will happen as the snowbird return?
Click Image To Read September~ Full Report
A Great Day Trip from Tucson
While no one will tell you the southern Arizona wineries compete with those in California, some might surprise you. About an hours drive from Tucson, AZ you’ll find wineries located in Sonoita & Elgin. Fall is a great time of year to tour their vineyards and taste the wines!
CLICK Image For More…..
Best Places To Camp Near Tucson
Fall in Arizona is a time for outdoor adventures. Hiking, biking, horse rides and camping. An over-night camping trip may just that family outing to bring everyone closer together. To help you find that perfect camp site just CLICK the image below. But take note! Evening temperatures are dropping, so be prepared and bring the Coleman heater.
CLICK image to read more
Our Tucson Homes Newsletter October 2021 – Gardening Tips for October
Water:Adjust drip system for fall season. Allow citrus trees to dry out between waterings.
Prune: Only if there’s a safety concern since we’re going into our fall/winter season.
Plant: Foliage, poinsettias, salad greens, roses and fruit trees.
What’s Happening Around Tucson
____________________
November is the month with a full calendar of events and activities in Tucson and the surrounding communities. So get your calendar and plan your days – and nights – in Tucson, Arizona.
_____________________
33rd Annual Tucson Celtic Festival & Scottish Masters Athletics Heavy Event World Championships
November 5 – 7, 2021
Rillito Raceway Park 4502 N. First Ave. Tucson, AZ 85718
Don’t miss the 35yth Annual Celtic Festival and Scottish Games… For More Info
_____________________
University of Arizona Homecoming Celebration 2021
October 31 to Nov. 6
Wildcats Together Again
Return to campus to celebrate Homecoming
Don’t miss a week of celebrating what it… For More Info
______________________________________
The 32nd All Souls Procession And Ceremony
November 5 to 7, 2021
Grande Avenue at 6pm to process to MSA Annex along city streets and
the Santa Cruz River Walk. “All Souls” welcome….For More Info
Another epic installment of Tucson’s one-and-only El Tour de Tucson… For More
__________________________________________
For more events happening in the greater Tucson area……Head Over Here!
Well that’s a wrap. We hope you find an upcoming event that makes you want to come to Tucson, AZ. For a visit and maybe a place to call home.
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!
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
The Tucson Housing Market September 2021 – Condos & Townhouses
Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 168.
Now the Details…….
Average Sales Prices – Increased 20.7% Year Over Year For Single Family Homes And 11.1% For Condos/Townhouses
Median Sales Prices – Increased 24.6% Year Over Year For Single Family Homes And 25.0% For Condos/Townhouses
Active Listings – Single Family Homes Decreased 3.5% From September 2020 To………. 1,441 Homes And Condo/TH At 168.
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.
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
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.
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!
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 September 2021 Real Estate Update
Real Estate Update And “Goings On” In Tucson AZ!
Welcome to the Tucson Homes Newsletter September 2021
Tucson Homes Newsletter September 2021 – TUCSON MLS REPORT
Average Sales Price for a Single Family Home increased 16.9% year over year in August 2021. The Median Price for the same period was up 20.9%.
To see the full report……CLICK THE IMAGE
Click Image To Read Full Report
Tucson Homes Newsletter – Ben & Kim’s Pick For Great Restaurant
Fall is here and that means ……..College & Professional Football and MLB Play Offs & World Series!!
So if you’re into sports and looking for a place to spend a weekend afternoon absorbing college or professional sports we have THE Sports Bar for you!
CLICK Image For More…
What makes a sports bar a great place? Well, as with many questions, it all depends. For most people a great sports bar has to have lots of large screen TVs. Next is beer and beverages. And then good food. Need I say more? Putney’s Pitstop Sports Bar & Grill has it all.
Tucson Homes Newsletter September 2021 –
Another great thing about fall in Tucson is cool mornings, beautiful sunny days, star studded night skies. And what better way to enjoy the fall days is with a motorcycle under you on the open road. If that thought brightens your smile and makes you long for a ride we have some choice for you.
Our article on the 10 Best Motorcycle Rides In Arizona may just give you that “ah ha” moment to saddle up and head out!
CLICK IMAGE And Find Out
Natural Spider Prevention Tip
It’s that time of year when you no sooner go outside and feel a cobweb go across your body. Here’s a natural deterrent. Mix equal parts of vinegar and water. Spray the mixture at common entry points and in corners.
Gardening Tips for October
Irrigation: Adjust drip system for fall season. Prune: Only if there’s a safety concern since we’re going into our fall/winter season. Plant: Wildflower seeds, herbs, and shrubs like desert spoon, Texas ranger, and fairy duster.
What’s Happening Around Tucson
Fall Is Here and the falling temps mean Tucson events and activities are heating UP!
Saturday – Every Week ~ Oro Valley Farmers Market
PLUS 2nd Saturday of the month (OCT-September) enjoy music, special speakers, and tours
10901 N Oracle Rd. (Steam Pump Ranch) Time: 9AM to 1PM
It looks as if Tucson Events and Attractions are opening back up and will provide everyone LOTS of things to do in Tucson!!
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 duo in Tucson, AZ since 2002. Read our client testimonials. Give us a call. We look forward to making your home buying or selling experience enjoyable YOU!
Visit our Newsletter archives for topics from the Tucson Homes Newsletter past issues.
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!
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
The Tucson Housing Market August 2021 – Condos & Townhouses
Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 140.
Now the Details…….
Average Sales Prices – Increased 16.9% Year Over Year For Single Family Homes And 25.3% For Condos/Townhouses
Median Sales Prices – Increased 20.9% Year Over Year For Single Family Homes And 20.9% For Condos/Townhouses
Active Listings – Single Family Homes Decreased 16.1% From August 2020 To………. 1,226 Homes And Condo/TH At 140.
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.
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
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.
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!
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
The Tucson Housing Market July 2021 – Condos & Townhouses
Although not shown in the graph below, the inventory of Townhouse/Condo units stands at 144.
Now the Details…….
Average Sales Prices – Increased 23.9% Year Over Year For Single Family Homes And 34.2% For Condos/Townhouses
Median Sales Prices – Increased 22.2% Year Over Year For Single Family Homes And 31.4% For Condos/Townhouses
Active Listings – Single Family Homes Decreased 28.5% From July 2020 To………. 1,109 Homes.
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.
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
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.
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!
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 2021 & Real Estate Update
Latest Tucson News And Things to Do in Tucson AZ!
Welcome to the Tucson Homes Newsletter July 2021
Tucson Newsletter – June 2021 Market Report
June “Active Listings” saw an increase of 19.8% to 901 single family homes on the market. While month over month improved, the inventory of homes on the market is down 42.2% drop from June 2020.
The continued strong demand, low interest rates for mortgages and low inventory means one thing. Prices are going UP!
Read the report to learn how much…….
CLICK IMAGE For The Report
Monsoon Season Is Here – But Is A Monsoon?
Since 2008, the National Weather Service says the monsoon season is from June 15 to September.
Tucsonans ignore that declaration. For us, the monsoon begins when you feel and see it.
Clouds pile up over the mountains all day, then roll off in late afternoon to darken the sky above your house.
The monsoon begins when lightning pulses and crackles. Then a sudden downdraft that scatters dust in all directions.
After that, the rain begins. Rain can be heavy or light depending on where you are. The clouds and rain cools things down for an evening of watching white veins of lightning on the horizon.
To learn more about this annual monsoons…….READ ON.
Tucson Homes Newsletter July 2021 – Biosphere 2 is 25 miles north of Tucson
Biosphere 2 is an American Earth system science research facility in Oracle, Oracle, Arizona
It is a center for research, outreach, teaching, and lifelong learning about Earth.
Its mission focused on proving the viability of closed ecological systems. A system to support and maintain human life in outer space. A substitute for Earth’s
It had living quarters for people, an agricultural area and places for experiments.
The first mission of Biosphere was carried out from 1991 to 1993. Some say the project was a success, others suggest it was not very useful……….. READ ON.
Solar Panels – To Have Or NOT To Have?
In case you haven’t noticed, there is lots of sunshine in southern Arizona.
And a question all that sunshine raises is – “Should I add solar panels to my home?”
A simple question, but a not so simple answer…….. LEARN MORE
July 2021 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.
We had to search a bit, but here is what we found.
Southeast Arizona Birding Festival
Aug 11 2021 – Aug 15 2021
Tubac Center of the Arts August Exhibits Opening Season 2021
Aug 13 2021 – Sep 26 2021
Green Valley Recreation Valley Players
Aug 26 2021
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!
