Tucson Housing Market 2020 Review & Forecast

Review 2020 & 2021Forecast For Real Estate

2020 Home Prices Were UP…….Big!

tucson housing market 2020 Even though the country has been in the grips of the pandemic since March, the Tucson Housing Market 2020 review saw prices at new highs. The upward trend hasn’t just continued as COVID-19 worsened; it’s gotten stronger and stronger throughout the second half of 2020.

While that may sound surprising, there are many reasons why real estate is selling faster during the crisis.

That real estate boom hasn’t been confined to a single state, or a handful of states, either. While activity and prices have soared nationally, Arizona has seen some of the most impressive figures – and that bodes well for homemakers and investors alike.

In fact, real estate has been one of the rare positives during a year that’s seen record unemployment and mass disruption to people’s lives, careers, and well being.

US House Prices are High

Lets put the bigger picture into the Tucson Housing Market 2020 Report. The housing market started to build early on in the crisis. By August, states across the country saw significant gains – and some of the most positive activity since before the great financial crash of 2008.

That may have bucked a general trend of bad news, but it was going to get even better for real estate. By September, house prices were still rising nationally. Things show no sign of slowing down as we approach 2021.

The way the market here in Arizona has behaved amid the COVID-19 pandemic has been even more extraordinary. It’s exceeded trends we’ve been seeing in the rest of the US.

In December, the Federal Housing Finance Agency (FHFA) ranked Tucson second for price appreciation compared to a list of one hundred other metro areas nationwide. During 2020, the agency estimates the value of homes in Tucson rose by an astonishing 10.3%. The increase was under 5% in the rest of the country.

That figure is based on some pretty solid data supplied by Fannie Mae and Freddie Mac – who have a stake in more than 50% of US mortgages – so it’s a good indicator of what’s an incredibly healthy real estate market.

The agency looks at properties that repeatedly sell to form an accurate idea of how much cash is changing hands and how that’s rising or falling over time.

US Interest Rates Are Low

Realtor Darren Robertson explains, “The Federal Reserve acted to protect jobs and the economy early on in the pandemic. It cut the interest rate and made a solid commitment to keep it low for as long as it takes the nation to recover from widespread lockdowns, layoffs, and pandemic measures.

That might well prove to be a good thing for business, but one of the most significant impacts of a low interest rate is cheaper mortgages. The fact the chairman of the Fed made it so clear earlier this year that the rate won’t rise until at least 2023 has done absolutely nothing to dampen confidence among homemakers and investors.”

More people than ever are looking to get on the real estate ladder for the first time or expand their investment portfolio. The only catch in Tucson at the moment is that buyers need to be on their toes and ready to grab property opportunities when they come up – because there isn’t an endless supply of real estate out there.

Supply and Demand – Driving Home Prices Higher

Housing supply isn’t a problem confined to Arizona. All across America, the effects of the pandemic have extended to construction – and especially during the first few months of measures, house building pretty much stopped.

That’s created a situation in most states where the demand for houses is a lot higher than the number of properties being constructed. COVID-19 didn’t just stop work either, it also caused supply chains to dry up, and materials became scarce.

When supply can’t keep up with demand – in any market – prices head North, and that’s precisely what’s been happening across the US during the pandemic.

In Tucson, where home builders were outpacing the supply of new lots even before COVID-19, that just means home values in Tucson are increasing faster, doubling the national trend.

It’s Cheaper to Buy in Arizona

While interest rates and supply and demand are both powerful drivers of the current real estate boom, it’s impossible to overlook the fact you just get more for your money in Tucson and other metro Arizona areas.

Nationally, the median house price sat at $312,800 in October 2020, but Arizona is still the cheapest of any neighboring states, with an average home costing just $283,623. In comparison, California comes in at $579,332, the median house price in Nevada is $311.018, and living in Utah will set you back $360,044.

One of the other big changes the pandemic has brought is working from home. People are bailing on cities in their thousands all over the US. Nearly half the workforce telecommuted during COVID-19, and many companies are committed to developing new ways of working.

A revolution driven by new tech even before the virus reared its head has gotten accelerated by lock downs and rising case numbers – and looks set to speed up after the pandemic passes, not slow down.

That sort of mass lifestyle change creates more demand in areas like Tucson, where families can get more space for their money than in America’s large cities – and a better quality of life.

Looking Forward – Living in Tucson, Arizona

The Fed’s commitment to a low interest rate through 2023 will only encourage a healthy real estate market right across America. The longer it continues, the higher supply and demand will drive prices.

That’s going to be truer in areas like Tucson, where it will take several years for construction to catch up. Combine that with a median house price which is so much lower than the national average, the way the virus has changed how we work and live, and the fact Arizona gets more than 300 sunny days each year, and it’s easy to see why folks wanted to move here this year.

Looking forward, that trend isn’t going to change any time soon.

The Above Guest Article Provided By …. Emila Smith

Final Thoughts

The December 2020 Tucson Housing Market Report is OUT!  And as expected, there are new records for Average and Median Prices, low inventory and days on market.

Its a reasonable guess that the the trends will continue into 2021.

So buyers attracted by low finance rates or Tucson sunny days will need to be close to asking price with offers. The good news is the demand for a home in Tucson is strong and so is home price appreciation.

The good news is, a quick look at what’s on the Tucson market right now tells us it’s still not too late to get involved.

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.

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. Our professional service backgrounds mean we put you first!

Thinking About Selling Your Home In The Greater Tucson Area?

Selling a home requires more than listing it in the Tucson MLS system. It’s about marketing. Marketing through multiple online channels.

To no one’s surprise, 80% of home buyers start their search on the internet. Homes must be visible on multiple internet channels. The more visible a home is, the faster it will sell.

And the photos on the mls make a difference. You can spend lots of money on home staging, but if the photos aren’t great it doesn’t matter. Staging and stunning photos make it all come together.

We use multiple online marketing channels to showcase your home. We will build a stand-alone website built to show your home. Our marketing program targets key cities in the U. S. based on the season.

For luxury listings, our drone service provides video of your home and neighborhood. This video along with professional photos helps the online buyer see and feel your home. Their “new” home.

To learn more about how we can help you sell your Tucson home, call us – 520-940-4541 – to arrange a meeting. We will visit your home and prepare a comparative market analysis.

Then we will meet with you to review our analysis. We will go over our Comparative Market Analysis for your home in detail. And the review our marketing program to “get your home sold!”

Conclusion

We hope you found the Tucson Housing Market 2020 Report of interest. Don’t hesitate to contact us for more information or to set up your Tucson home search.

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

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 a home an enjoyable experience for 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 November 2020

Tucson Homes Newsletter November 2020

Latest Tucson News And Things to Do in Tucson AZ!

 

Tucson Homes Newsletter August 2014 BOLD+BuzzworthyR

Welcome to the Tucson Homes Newsletter November 2020

Turkey day is upon us and we hope your are able to gather with family and friends to celebrate. At least as best as possible within your acceptable COVID guidelines.

Tucson Housing Market Report – October 2020

Active Listings continue at historic lows with only 1,516 single family homes on the market at the end of October. UP a mire 292 homes from September. That translates into a 1.3 month supply. OMG….. If you see it, like it, buy it …. FAST!

Tucson Homes Newsletter Read Me

Click To Read More

Arizona Or Florida ? – 12 Reasons To Live In Arizona

Arizona is at the top of many “where to be living” lists. Especially if you have been yearning to get away from from cold winter days?

Did you know Arizona has over 300 days of sunshine a year? Tucson boasts 340 days a year. That means there is almost never a rain out for any out door activity.

For retirees, living in Arizona means picking your perfect lifestyle community. Changes in topography and climate are dramatic through out Arizona. The southern Sonora Desert is hot and dry.

The higher elevations in the northern areas means cooler summer temperatures and winter snow.

Tucson News and Real Estate

CLICK Image To Read On…

Tucson Homes Newsletter November 2020 Get A Peak At The Cold War At The Titan Missile Museum

The Cold War era lasted for 44 years. From 1947 to 1991. The political strategy of the Cold War era was one of containment.

The containment strategy created an arms race. Both the U. S. and Russia expanded the number of nuclear weapons in service. As the stock-pile of nuclear weapons grew, the U.S. established the military concept of mutual assured destruction. Or MAD. Yes, it was a MAD idea.

During the period from 1961 to 1963, the government built 54 Titan II missile sites. The sites were in Arizona, Kansas, and Arkansas.

Newsletter Tucson Real Estate

CLICK Image To Read On…

Top Pick For Unique Casual Dining – Dante’s Inferno

Opened in an old Shakey’s Pizza place on East Grant Road in 2013. Dante’s Fire made an impact on the Tucson restaurant with unique small plates and tantalizing entree selections.
Dante’s Fire is a place you see on Triple-D. For Food Channel junkies, that’s Diners, Drive-ins, and Dives. But Guy Fieri has missed this one.

And if he is smart, he will jump in his Camero and head for Tucson ASAP!

Oh, did I mention the cocktails? Unique and taste! Have you had a cucumber martini lately?

Dante's Fire Cocktails and Cuisine

CLICK Image To Read On…

Helpful Tips At Home – Cleaning Leather Furniture

First…..Remember this rule of thumb….Always follow the manufacturer’s suggestion on cleaning.

Another thing to consider is what type of leather you have in order to clean the leather properly. Recently there was a Houzz article explaining the various leather types.

A safe route to clean your leather is add a mild neutral-pH nondetergent liquid soap (Neutrogena or Dove) to distilled water.

Clean using a white microfiber cloth.

Gardening Tips For The Fall

  • Water: Adjust drip system for winter season.
  • Frost Control: Place styrofoam cups on columnar cacti. Cover citrus trees on nights below freezing.
  • Harvest: Citrus before freezes only if more than several days of freezing predicted.
  • Plant: Salad greens.

What’s Happening Around Tucson Fun in the Sun

Covid continues to cancel our annual events and special programs. So enjoy our mild winter weather with a walk, round of golf or bike ride. Restaurants are open for indoor dining, but call ahead for a reservation or “heads up” on their status.

 

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.

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 a home an enjoyable experience for 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!

 

Here is a sneak peak at next months newsletter – December 2020 Newsletter

Tucson Homes Newsletter October 2020

Tucson Homes Newsletter October 2020

Latest Tucson Homes News And Things to Do in Tucson AZ!

 

Tucson Homes Newsletter August 2014 BOLD+BuzzworthyR

Welcome to the Tucson Homes Newsletter October 2020

Tucson Housing Market Report – September 2020

Active Listings continue at historic lows with only 1,224 single family homes on the market at the end of September. That translates into a 1.0 month supply. OMG….. If you see it, like it, buy it …. FAST!

Tucson Homes Newsletter Read Me

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Hey Dude!

Today, “dude” means something like “bro” or “bud”. But that wasn’t always the case.

In the late 1800s and early 1900s, the word had a different slang meaning. Back then, a “dude” was an urbanite. When ranches in the west opened up to the tourism business they were called guest ranches, or “dude ranches”.

There are “dude ranches” in many of the western states. Montana, Wyoming, Idaho and of course Arizona. Tucson is home to 11 dude ranches. Take a look what they offer to their guests…….Dudes!

Dude Ranches In Tucson

CLICK To Read Article

Tucson Homes Newsletter October 202055+ Adult Communities – Are They Right For You?

Arizona and Florida have built 55+ communities for retired “boomers” and future retirees. Florida boasts over three hundred 55+ communities.

Arizona is a bit behind Florida in the number of Adult Communities with over one hundred 55+ communities. And most of those are in Tucson and Southern Arizona. Take a look what Tucson offers!

55+ adult communities

CLICK To Read Article

For Airplane Junkies….No Pun!

The Tucson Arizona desert sun is exactly why the 309th Aerospace Maintenance and Regeneration Group is in Tucson Arizona. The dry and arid environment helps protect the aircraft. AMARC stands for the Aerospace Maintenance And Regeneration Center.

This airplane graveyard in Tucson is a combined service facility and maintained by the US Air Force Material Command. The Command is located on the Davis-Monthan Air Force Base…….. Read ON!

Airplane graveyard

CLICK To Read Article

Gardening Tips For The Fall

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

Protect: Your cacti from frost using styrofoam cups. Also cover citrus trees (especially limes).

Prune: Only if safety concern.

Plant: Only if you have to.

What’s Happening Around Tucson Fun in the Sun

With some Covid restrictions still in force, here are some suggestions that minimize crowds and put you in the great outdoors in Tucson.

Most restaurants and bars are open with capacity restrictions. Find you favorite and call ahead …

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.

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 a home an enjoyable experience for 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!

 

In case you missed it, here is last months newsletter – September 2020 Newsletter

Tucson Housing Market September 2020 Report

Tucson Real Estate – September 2020

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

Quickly Search ALL Homes For Sale In Tucson AZ

 

The Tucson Housing Market September 2020 report shows both the Average and Median Sales Prices for single family homes increased year over year, by 15.1% and 12.4% respectively.

Active Listings continue at historic lows with only 1,224 single family homes on the market at the end of September. At the September rate of sales that translates into a 1.0 month supply. OMG….. If you see it, like it, buy it …. FAST!

Following single family homes, the median sales price and average price for Condos and Townhouses moved up as well. The Average sales price jumped up  18.3% and the Median sales price moved up 11.0%.

Now for the details……

The Tucson Housing Market September 2020 – Single Family Homes

The Tucson Housing Market September 2020 – Condos & Townhouses

Inventory of Condos and Townhouses stands at 191 units on the market. That is a drop of 31.5% from September 2019.

Average Sales Prices – Increased 15.1% Year Over Year For Single Family Homes And 18.3% For Condos/Townhouses

Median Sales Prices – Increased 12.4% Year Over Year For Single Family Homes And 11.0% For Condos/Townhouses

 

Active Listings – Single Family Homes Decreased 50.8% From September 2019

Average Days On Market (DOM) – Stands At 24 Days

That’s down 33.3% from September 2019, down – 5 days – from August 2020.

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

 

Percentage Of Listing Price Paid By Buyer – Is 99.7% For Single Family Homes

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 is at historical lows 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.

Landscaping, decorating and window treatments are not included. 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.

September 2020 Mortgage Update

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

The low rates relative to recent year over year appreciation in Tucson home values makes Tucson an easy choice.

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

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

Considering A Home Tucson?

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

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

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

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

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

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

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

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

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

When submitting an offer

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

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

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

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

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

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

Conclusion

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

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

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

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

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

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 2020

Tucson Homes Newsletter September 2020

Latest Tucson Homes News And Things to Do in Tucson AZ!

 

Tucson Homes Newsletter August 2014 BOLD+BuzzworthyRTucson Homes Newsletter September 2020

Welcome to the Tucson Homes Newsletter September 2020

As with many great Tucson events, the All Souls Procession has been cancelled. This is one of the kick off events on the winter event calendar. You won’t get to attend this year, but here is a brief video to remind you what to expect in 2021…..we hope!

All Souls Procession~Day of the Dead

 

Tucson Housing Market Report – August 2020

One has to wonder with Active Listings increasing over 15% since September 2013 and Average Sales Price decreasing over last month ~ do buyers have football fever since they continue to wait on the sidelines?

Tucson Homes Newsletter Read Me

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Consider This When Selling Your Home

This time of year is fondly referred to as “Snowbird” Season.

It runs from November through April and snowbirds flock back to their Tucson homes. Along with the snowbirds, visitors make the journey to get out of the cold and snow. Many  are looking for a place they can call their “home”.

Snowbird season is a great time to consider listing your home. Whether you’re thinking of a bigger one for the “winter guests” or downsizing, the winter months are a prime time to sell a home.

And it will be even better this year. Why?

Take a look at our Tucson Housing Market Report for August 2020. A pay attention to the number of active listings! At the end of August there were ONLY 1,233 single family homes on the market. Yes, that was 1,233 homes for sale in the entire Tucson market.

Consider these helpful tips steps to get your home ready to sell.

Click to Read

Click to Read

Want to know more? Give us a call and we will answer your questions and, if you want, list your home and get it SOLD!

Tucson Homes Newsletter September 2020Easy Curb Appeal Ideas to Sell Your Home

Wondering when a buyer gets their first impression about a home? It’s not inside the house!

Click to Read Article

Downsizing For That Arizona Retirement

What stuff do you have in your basement? How is the moving cost calculated?

Move into this Article

Tucson Homes Newsletter September 2020Finding the Best Listing Agent to Sell Your Home

Wondering what the right questions are when interviewing a Realtor?

Click to Read

Tucson Homes Newsletter September 2020 – Arizona Wineries

With another harvest season under their belt, Sonoita, AZ is a great day trip to sample wines.

Click to Start Tasting

The wine tasting rooms in Sonoita have are opening up. The winery owners owners they are going above and beyond following the Centers for Disease Control & Prevention standards. It is a great day trip and opportunity to find a “favorite” bottle for your next dinner party.

Gardening Tips For The Fall

Want spring wild flowers next year, plant your seeds now.

Plant your herbs like dill, parsley, rosemary, sage, mint, and chives.

Prune only if it’s a safety concern.

If you haven’t done so already, adjust your automatic drip system for our fall weather.

What’s Happening Around Tucson Fun in the Sun

Restaurants and bars are open with restrictions on capacity. Gyms have reopened with restrictions. Things appear to be getting better……we hope.

In Oro Valley, the Steam Pump Ranch has Saturday Farmers Market. But due to Covid there are fewer vendors.

Temporary stages have been erected to host performances, but check for specific dates.

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.

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 a home an enjoyable experience for 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!

 

Here is a sneak peak at next months newsletter – October 2020 Newsletter

Tucson Homes Newsletter August 2020

Tucson Homes Newsletter August 2020 Real Estate Update

Latest News And Things to Do in Tucson AZ!

Tucson Homes Newsletter August 2020 BOLD+BuzzworthyR

Welcome to the Tucson Homes Newsletter August 2020

Tucson Homes Newsletter
Tucson Homes Newsletter TUCSON MARKET REPORT – July 2020

Tucson Housing Market for July 2020 showed sales and list price with a increased year over year and month to month.

Tucson Homes Newsletter August 2020 Tucson Homes Stats Read Me

Click To Read

Tucson Homes Newsletter University of Arizona

University of Arizona, is also referred to as U of A or UArizona.

We love living in a college town and all the vibrancy it offers. What we don’t like is when you confuse us with ASU!

Great facts that U of A holds as #1.

Do you know how many years our university was opened before we became a state?

UArizona

Click to Read Fun Facts

 

Natural Disasters in ArizonaHaboob

Did you ever hear such a word ~ Haboob!

Do you remember the movie, Lawrence of Arabia? If you do, recall the scene of him trying to out run a dust storm?

That’s a near image of what you’ll see when a Haboob occurs.

Haboob

Click to Read

By the way, these not happen in Tucson due to the surrounding mountains. But take a look at what happens in the Phoenix area .

Tucson Homes Newsletter – Theodore Roosevelt Lake

Roosevelt

Click to Read

Theodore Roosevelt Lake, the third largest man made lake in the world! Could it be why Arizona has more boats per capita than any other state?

Tucson Homes Newsletter – House Cleaning Tips

Washing EXTERIOR windows – Combine:

  • 2 Gal Hot Water
  • 1/4 C Ammonia
  • 1/4 C Rubbing Alcohol
  • 1/2 C Jet Dry (for dishwasher)
  • 1/4C of Powder Dish Detergent

Wash windows using above combination. Rinse using water hose. Squeegee and/or wipe dry.

Tucson Homes Newsletter August 2020 – Gardening Tips

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

Prune: Only if a safety concern.

Plant: Only if you have to.


What’s Happening Around Tucson Fun in the Sun

> The Oro Valley Farmers Market at Steam Pump Ranch is open on Saturdays, but with a small number of booths.

> Oro Valley Market Concert Series – Select Second Thursdays……For MORE.

> On a negative note – PAC – 12 has decided to postpone ALL sports through the end of the year….

“The Pac-12 CEO group voted unanimously Tuesday – August 11 – to postpone all sports, including football and basketball, through the end of the year.

In a statement, the Pac-12 said if conditions related to the corona virus improve, it would consider a return to competition after Jan. 1, 2021.”

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.

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. Our professional service backgrounds mean we put you first!

Thinking About Selling Your Home In The Greater Tucson Area?

Selling a home requires more than listing it in the Tucson MLS system. It’s about marketing. Marketing through multiple online channels.

To no one’s surprise, 80% of home buyers start their search on the internet. Homes must be visible on multiple internet channels. The more visible a home is, the faster it will sell.

And the photos on the mls make a difference. You can spend lots of money on home staging, but if the photos aren’t great it doesn’t matter. Staging and stunning photos make it all come together.

We use multiple online marketing channels to showcase your home. We will build a stand-alone website built to show your home. Our marketing program targets key cities in the U. S. based on the season.

For luxury listings, our drone service provides video of your home and neighborhood. This video along with professional photos helps the online buyer see and feel your home. Their “new” home.

To learn more about how we can help you sell your Tucson home, call us – 520-940-4541 – to arrange a meeting. We will visit your home and prepare a comparative market analysis.

Then we will meet with you to review our analysis. We will go over our Comparative Market Analysis for your home in detail. And the review our marketing program to “get your home sold!”

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.

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 a home an enjoyable experience for 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!

 

In case you missed it, here is last months newsletter – July 2020 Newsletter

Tucson Housing Market July 2020 Report

The Tucson Housing Market July 2020

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

Quickly Search ALL Homes For Sale In Tucson AZ

 

The Tucson Housing Market July 2020 report shows a 2.9% increase in closed sales for the month. And both the Average and Median Sales Prices increased year over year, by 10.6% and 8.5% respectively. Increasing sales, higher prices and…..inventory continues to dwindle.

Only 1,301 single family homes on the market at the end of July. That’s a 1.1 month supply. OMG….. How low can it go?

Condos and Townhouses median sales price and average price moved in opposite directions. The median sales price decreased 4.2%. While the average sales price eked out a meager 0.2% increase.

Now for the details……

The Tucson Housing Market July 2020 – Single Family Homes

tucson single family homes

The Tucson Housing Market July 2020 – Condos & Townhouses

The Townhouse/Condo market reversed last months decline with strong gains. Median sales price increased 14.6% and the average sale price jumped 18.9%. Inventory stands at 207 units on the market, a drop of 24.7% from July 2019.

tucson housing market report july 2020 condos

Average Sales Prices – Increased 10.6% Year Over Year For Single Family Homes

Tucson Average Sales Price July 2020

Median Sales Prices – Increased 8.5% Year Over Year For Single Family Homes

Tucson housing market median sales price july 2020

 

Active Listings – Single Family Homes Decreased 48.1% From July 2019

July 2020 Active Listings

Average Days On Market (DOM) – Stands At 34 Days

That’s up 20% from May, but down – 4 days – from July 2019.

Putting your home on the market? Price it right and sell it – FAST!

Tucson Days on market july 2020

 

Percentage Of Listing Price Paid By Buyer – Is 99.3% For Single Family Homes

Not a lot of negotiating! You want, be ready to pay very close to list price.

July 2020 Percent of Sales Price Tucson AZ

The Drivers – Demand, Low Mortgage Rates And Low Inventory

If COVID – 19 did not appear to slow housing sales for July 2020. Demand saw strong and inventory was down. Leading prices to make solid gains.

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

New construction home sales remain high. And the low level 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.

Landscaping, decorating and window treatments are not included. 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.

 

July 2020 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.

Tucson has been identified as one of the Top 10 housing markets for 2017 and 2018. December’s data appears to be confirming Tucson is a top pick for cities to live in.

Considering A Home Tucson?

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

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

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

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

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

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

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

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

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

When submitting an offer

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

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

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

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

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

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

Conclusion

The Corona virus has swept across the U.S. causing many deaths and damaging our economy. How it will effect the Tucson housing market is still unknown. But it is probable things will slow down. How much? We will have to wait and see.

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

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

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

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

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

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

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

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

 

Tucson Housing Market June 2020 Report

The Tucson Housing Market June 2020

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

Quickly Search ALL Homes For Sale In Tucson AZ

The Tucson Housing Market June 2020 report shows a 3.8% decline in closed sales for the month. Perhaps COVID-19 slowed home purchases in April that are reported as June Closed Sales.

However, both Average and Median Sales Prices increased year over year, by 4.5% and 4.0 % respectively.  And for another month, inventory dwindled. Now below 1,400 single family homes on the market. That’s a 1.2 month supply. The question continues – How low can it go?

Condos and Townhouses median sales price and average price both made double digit gains. Increasing 14.6% and 18.9% respectively.

Now for the details……

The Tucson Housing Market June 2020 – Single Family Homes

Tucson housing market report June 2020 SFR

The Tucson Housing Market June 2020 – Condos & Townhouses

The Townhouse/Condo market reversed last months decline with strong gains. Median sales price increased 14.6% and the average sale price jumped 18.9%. Inventory stands at 207 units on the market, a drop of 24.7% from June 2019.

Tucson Real Estate Update June 2020

Average Sales Prices – Increased 4.5% Year Over Year

Tucson Housing June 2020 Average Price

Median Sales Prices – Increased 4.0% Year Over Year

Median Sales Price June 2020 tucson

 

Active Listings – Decreased 48.9% From June 2019

Tucson MLS Active Listings June 2020

Average Days On Market (DOM) – Stands At 36 Days

That’s up 20% from May, but down 10% – 4 days – from June 2019.

Putting your home on the market? Price it right and sell it – FAST!

Tucson MLS Days On Market June 2020

 

Percentage Of Listing Price Paid By Buyer – Is 99.0%

Not a lot of negotiating! You want, be ready to pay very close to list price.

Tucson MLS Housing Report June 2020 days on market

The Drivers – Demand, Low Mortgage Rates And Low Inventory

COVID – 19 slowed housing sales for June 2020 —– Slighty! But prices made solid gains. Sellers are having sweet dreams as buyers look for their “perfect” home in a market with low — almost NO — inventory.

New construction home sales remain high. And the low level 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.

Landscaping, decorating and window treatments are not included. 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.

Also, Arizona continues to be relatively safe compared to many other states regarding COVID cases. Demand continues to be strong, but the inventory of homes for sale is at a new low.

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 2020 Mortgage Update

Mortgage rates hover around 3.0% for a 30-year conventional loan. Some lenders under 3.00%. 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.

Tucson has been identified as one of the Top 10 housing markets for 2017 and 2018. December’s data appears to be confirming Tucson is a top pick for cities to live in.

Considering A Home Tucson?

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

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

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

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

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

For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home. Review our profiles. Check out our backgrounds, education, and certifications.

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

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

When submitting an offer

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

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

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

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

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

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

Conclusion

The Corona virus has swept across the U.S. causing many deaths and damaging our economy. How it will effect the Tucson housing market is still unknown. But it is probable things will slow down. How much? We will have to wait and see.

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 June 2020

Tucson Homes Newsletter June 2020

Latest Tucson News And Things to Do in Tucson AZ!

Tucson Homes Newsletter March 2016 BOLD+BuzzworthyR

Welcome to the Tucson Homes Newsletter June 2020

Tucson Homes Newsletter

UPDATE – The Bighorn Fire 

If COVID-19 wasn’t enough, a wildfire started in the Santa Catalina Mountains on June 5. A lighting strike during the night ignited dry brush and shrubs.

Officials said the Bighorn Fire is “at around 17,000 acres” with 30 percent containment as of Tuesday, June 16.

The set area includes Mt. Lemmon, Mt. Bigelow Organization Ridge Road and Summerhaven.

The fire burned east through Romero Pass overnight into Tuesday morning, but there was not much growth.

A Forest Service official said the fire is probably “at around 15,000 acres,” but didn’t have an updated measurement. He said there is also fire high in the west fork of Sabino Canyon and Game and Fish personnel are busy working to save some at-risk wildlife and “endangered fish.”

Residents of Mt. Lemmon and Summerhaven were advised on Sunday, June 14, to get “SET” to evacuate. This advisory status remained in effect on Monday morning. But it turned to a “GO” evacuation notice as of 1:30 PM on June 16.

For ongoing updates ………START HERE!

Tucson Homes Newsletter June 2020 – TUCSON MLS REPORT – May 2020

The Tucson Housing Market May 2020 report shows COVID-19 slowed home sales during May. But year over year prices increased and home inventory fell to new lows. Now below 1,700 single family homes on the market. That’s a 1.5 month supply. Now the question – How low can it go?

May’s Median and Average Sales Prices for single family homes are up 2.0% and 0.9% respectively from May 2019. The Year Over Year gains make owning a home in Tucson an attractive investment with mortgage rates under 3.25%!

Condos and Townhouses median sales price and average price lost ground in May. Dropping 4.2% and 0.3% respectively.

For the details……GO HERE!

Ben & Kim’s Pick For Great Restaurant In The Tucson

Tucson, AZ has many GREAT restaurants that are locally owned. One of our favorites is the Cup Cafe.

Cup Cafe is in the Hotel Congress. Guess where its at? On Congress Street at…. ?311 E Congress St. Tucson, Arizona

Don’t limit your palate by the name. The menu is extensive from morning through dinner.

And don’t forget to save room for a dessert. They are made from scratch and oh so good!

Guess what notorious gangster was captured here? The answer is at the end of the Newsletter.

Tucson Homes Newsletter June 2020 – Pros & Cons Living in Arizona

Pros Cons

CLICK Image For List

Now if you think Arizona is a good place, consider Tucson AZ……..LIVING IN TUCSON

Tucson Homes Newsletter June 2020Navajo National Monument

Navajo Monument

Click image to read

The Navajo National Monument sits on the Navajo Reservation.

Although not as popular as the Grand Canyon, it’s beauty lies n the largest prehistoric cliff dwelling of Anasazi ruins.

Sculptured from the sandstone cliffs, it’s a photo spectacular if you’re up to the hike.

Tucson Homes Newsletter June 2020 – Gardening Tips

Water: Continue to Adjust drip system during monsoon season.
Fertilize: Trees, shrubs, and vines that will not go dormant in the winter.
Prune: The unruly plants that went wild during monsoons.
Plant: Flowering bulbs (iris), herbs, and cacti – saguaro, barrel, prickly pear, hedgehog, agave….


What’s Happening Around Tucson tucson homes newsletter March 2016 Fun in the Sun

 

Restaurants and bars continue to reopen. Some faster than others. So take the time to call ahead to understand the status at your favorite spot. But the good news is they are reopening.

The same is true for Tucson attractions. But big events are still in limbo. Most cancelled and many postponed without a firm schedule date.

————————

Who was captured at the Hotel Congress?

The answer is……

John Dillinger and his gang were captured at the Hotel Congress on Jan. 25, 1934. For MORE……GO!

And for even MORE….CLICK

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.

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 a home an enjoyable experience for YOU!

Visit our Newsletter archives for topics from the Tucson Homes Newsletter past issues.

Did you miss the March 2020 Newsletter? Check it out  catch up now – March 2020

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

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

 

Tucson Housing Market May 2020 Report

The Tucson Housing Market May 2020

Fast Update On The Market From Ben & Kim Boldt – Premier Tucson Homes

Quickly Search ALL Homes For Sale In Tucson AZ

The Tucson Housing Market May 2020 report shows COVID-19 slowed home sales during May. But year over year prices increased and home inventory fell to new lows. Now below 1,700 single family homes on the market. That’s a 1.5 month supply. Now the question – How low can it go?

May’s Median and Average Sales Prices for single family homes are up 2.0% and 0.9% respectively from May 2019. The Year Over Year gains make owning a home in Tucson an attractive investment with mortgage rates under 3.25%!

Condos and Townhouses median sales price and average price lost ground in May. Dropping 4.2% and 0.3% respectively.

Now for the details……

The Tucson Housing Market May 2020 – Single Family Homes

Tucson Housing Market May Report SFR

The Tucson Housing Market May 2020 – Condos & Townhouses

The Townhouse/Condo market broke their upward trend.  Median sales price decreased 4.2% and the average sale price declined 0.3%. Inventory stands at 253 units on the market, a drop of 13.1% from May 2019.

Condo Townhouses

Average Sales Prices – Increased 0.9% Year Over Year

Median Sales Prices – Increased 2.0% Year Over Year

 

Active Listings – Decreased 35.4% From May 2019

Average Days On Market (DOM) – Stands At 30 Days

Putting your home on the market? Price it right and sell it – FAST!

 

Percentage Of Listing Price Paid By Buyer – Is 98.8%

The Drivers – Demand, Low Mortgage Rates And Low Inventory

COVID – 19 slowed housing sales for May 2020. But prices increased, all be it at lowest gains this year. Sellers are having sweet dreams as buyers look for that “perfect” home in a market with low — almost NO — inventory.

New construction home sales remain high. And the low level 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.

Landscaping, decorating and window treatments are not included. 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.

Also, Arizona continues to be relatively safe compared to many other states regarding COVID cases. Demand continues to be strong, but the inventory of homes for sale is at a new low.

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

May 2020 Mortgage Update

Mortgage rates hover around 3.0% for a 30-year conventional loan. Some under 3.00%. 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.

Tucson has been identified as one of the Top 10 housing markets for 2017 and 2018. December’s data appears to be confirming Tucson is a top pick for cities to live in.

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

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

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

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

Conclusion

The Corona virus has swept across the U.S. causing many deaths and damaging our economy. How it will effect the Tucson housing market is still unknown. But it is probable things will slow down. How much? We will have to wait and see.

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

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

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

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

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

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

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

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