Tucson | Oro Valley Real Estate Gateway » Tucson Housing market http://tucsonazrealestate.com in the Realty-Buzz Network Fri, 18 May 2012 11:34:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Top 10 Investment Housing Markets http://tucsonazrealestate.com/2012/03/26/top-10-investment-housing-markets/ http://tucsonazrealestate.com/2012/03/26/top-10-investment-housing-markets/#comments Mon, 26 Mar 2012 11:00:02 +0000 Vallee Gold Team http://tucsonazrealestate.com/?p=3254

Tucson’s Housing Market still offers favorable conditions for Investors.

Realtor.com’s latest top 10 investment markets report shows metros just off the beaten path leading the way.

Built from Realtor.com data updated through February 2012, the report put Tucson, Ariz.; Austin, Texas; and Kansas City, Mo., as the top current real estate markets to invest in. The top 10 list was built by analyzing the housing inventories, price trends and unemployment rates from the Bureau of Labor Statistics for 146 markets Realtor.com tracks.

Thanks to the jobs boom surrounding the University of Arizona and the Davis-Monthan Air Force Base, and an 8.19 percent drop in real estate owned (REO) properties along with a 3.03 percent median house list-price increase from a year ago February, Tucson, Ariz., tops the list. A median price of $170,000 anchors the market.

Austin, Texas, the “live music capital of the world,” with a median list price of $229,500, representing a 12 percent year-over-year increase, and low relative unemployment (6.3 percent as of December 2011), is a close No. 2 on Realtor.com’s top 10 markets to invest in. It’s usually a good idea to bet on breakfast tacos, live music and that laid-back Southwest charm that fuels the hip, beautiful capital of Texas.

Kansas City, Mo., too, features relatively low unemployment at 7.3 percent and a strong year-over-year median list price increase (4 percent) to bring the largest city in Missouri, and its renowned barbecue, into the top three housing markets to invest in, according to Realtor.com. Its cross-state cousin, St. Louis, caps the list at No. 10, with its strong job market, 7.5 percent year-over-year median list-price increase and 11.29 percent uptick in rate of speed a house sells compared to a year ago.

Rounding out the top 10, in order, are: Baltimore, Md.; Fort Worth, Texas; Salt Lake City, Utah; San Jose, Calif.; Raleigh, N.C.; Milwaukee; and St. Louis.

Statistics for Tucson, AZ
Median list Price =  $175,000
Year-over-Year Price Increase = 3.03%
% faster time it takes to sell a home vs. last year = 12%

]]> http://tucsonazrealestate.com/2012/03/26/top-10-investment-housing-markets/feed/ 0 Tucson Housing Market Is Not Sickly http://tucsonazrealestate.com/2011/08/14/tucson-housing-market-is-not-sickly/ http://tucsonazrealestate.com/2011/08/14/tucson-housing-market-is-not-sickly/#comments Sun, 14 Aug 2011 14:31:09 +0000 Vallee Gold Team http://tucsonazrealestate.com/?p=2969

Why doesn’t the media report accurate data…?

you can make any market look sickly…

The Tucson Market Shows Positive Market Indicators…

Here are the August 2011 Housing Market reports.

Tucson homes and land or the number of active inventory for the month of July was 5,518, a 17% decrease from the same time last year! We had a whopping 1,102 properties that sold in July which was 39% above the same time last year!!!

We had decreased in the number of months supply of inventory to 5, DOWN  from 8.4 in July 2010. Median price of sold homes was $127,000 for the month of July 2011, down 15% from July 2010. The Tucson Market had 1,381 new properties under contract in July 2011, up 48% from July 2010

Months of Inventory (MOI) is a good indicator of market health, taking into account both current inventory and sales rates. As a rule of thumb, a market is considered “balanced” when Months of Inventory is around 6.
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]]> http://tucsonazrealestate.com/2011/08/14/tucson-housing-market-is-not-sickly/feed/ 0 Tp 20 Metro Areas With The Highest Foreclosure Rate In The U.S. http://tucsonazrealestate.com/2010/06/06/tp-20-metro-areas-with-the-highest-foreclosure-rate-in-the-u-s/ http://tucsonazrealestate.com/2010/06/06/tp-20-metro-areas-with-the-highest-foreclosure-rate-in-the-u-s/#comments Mon, 07 Jun 2010 01:07:04 +0000 Vallee Gold Team http://vallee.realty-buzz.com/?p=886

Foreclosure

 Source: Realty Trac

The 20 Metro Acreas with the highest Foreclosure rate in the U.S.

Foreclosure Actions including default notices, auction notices, and bank reposessions.  Foreclosure actions per 1,000 Housesol

  • Las Vegas-Paradise, NV                                                                       11.12
  • Cape Coral-Ft. Myers, FL.                                                                    10.86
  • Modesto. CA                                                                                      10.01
  • Riverside-San Bernardino-Ontario, CA                                                  8.82
  • Stockton, CA                                                                                           8.52
  • Port St. Lucie, FL                                                                                    8.29
  • Merced, CA                                                                                             8.22
  • Bakersfield, Phoenix-Mesa-Scottsdale, AZ                                            8.06
  • Vallejo-Fairfield, CA                                                                               8.00
  • Miami-Ft. Lauderdal-Popano Beach, FL.                                                7.85
  • Orlando-Kissimmee,FL.                                                                          7.59
  • Reno-Sparks, NV                                                                                     7.35
  • Sacramento, CA                                                                                       6.54
  • Detriot-Warren-Livonia, MI                                                                    6.36
  • Lakeland, FL.                                                                                           6.22
  • Fresno, CA                                                                                               5.90
  • Naples-Marco Island, FL                                                                         5.84
  • Visalia-Porterville, CA                                                                             5.81
  • Ocala,FL                                                                                                   5.54        
]]> http://tucsonazrealestate.com/2010/06/06/tp-20-metro-areas-with-the-highest-foreclosure-rate-in-the-u-s/feed/ 0 Tucson Market Snapshot 05/29/2010 http://tucsonazrealestate.com/2010/05/29/tucson-market-snapshot-05292010/ http://tucsonazrealestate.com/2010/05/29/tucson-market-snapshot-05292010/#comments Sat, 29 May 2010 15:25:32 +0000 Vallee Gold Team http://vallee.realty-buzz.com/?p=863

Tucson Market Snapshot for 5/29/2010

Arizona Foreclosure Map

Total Properites listed: 10,154

Month-Over-Month Change: -20.41%

  • Average List Price: $307,423
  • Median List Price: $196,900
  • Average foreclosure sales price: $131,979
  • 1 in every 266 housing units received a foreclosure filing in April 2010. (Realty Trac)
  • Over 2,607 foreclosures occur in the price range of $100,000-$200,000.

Search all Tucson, AZ foreclosures

]]> http://tucsonazrealestate.com/2010/05/29/tucson-market-snapshot-05292010/feed/ 0 Tucson Luxury Home Short Sale Specialist http://tucsonazrealestate.com/2010/05/16/tucson-luxury-home-short-sale-specialist/ http://tucsonazrealestate.com/2010/05/16/tucson-luxury-home-short-sale-specialist/#comments Mon, 17 May 2010 04:33:04 +0000 Vallee Gold Team http://vallee.realty-buzz.com/?p=834

Tucson Luxury Home Short Sale Specialist, Don & Kathy Vallee, CDPE, CRS, CLHMS

 RE/MAX Excalibur Realty.

We have closed over 30 short sale transactions. We have the experience and knowledge   it takes to get your home sold.  We are available to discuss the Tucson housing market and the options available to you. If you have a luxury home to sell then agents with a proven sales record.

Find out why our marketing program will get your home sold. As certified luxury home specialist and certified short sale experts we are here to help. Please visit our website at www.FindTucsonShort Sales.com to answer your questions related to the short sale process.

Check out our featured listings at Homes and Land Magazine on the back page and online.

Call Don or Kathy Vallee, CDPE, CRS, CLHMS at 520-544-5555.

]]> http://tucsonazrealestate.com/2010/05/16/tucson-luxury-home-short-sale-specialist/feed/ 0 My favorite Place To Relax in The Valley of Gold…Oro Valley, AZ http://tucsonazrealestate.com/2010/01/04/my-favorite-place-to-relax-in-the-valley-of-goldoro-valley-az/ http://tucsonazrealestate.com/2010/01/04/my-favorite-place-to-relax-in-the-valley-of-goldoro-valley-az/#comments Mon, 04 Jan 2010 20:48:56 +0000 Vallee Gold Team http://vallee.realty-buzz.com/?p=650

Are you new to the Oro Valley area?…the Valley of Gold. My favorite place to relax and enjoy my well being..celebrate and give my body some special treatments. Pam Crim owner of Desert Day Spa opened a small neighborhood salon…

It reminds me of the salon in the Juilia Roberts movie called “Steel Magnolias”…I love this salon…get the picture?

Check it out…Desert Day Spa

 

Get the directions

desert-day-spa

]]> http://tucsonazrealestate.com/2010/01/04/my-favorite-place-to-relax-in-the-valley-of-goldoro-valley-az/feed/ 1 Tucson MLS Housing Market – October http://tucsonazrealestate.com/2009/11/05/tucson-mls-housing-market-october/ http://tucsonazrealestate.com/2009/11/05/tucson-mls-housing-market-october/#comments Thu, 05 Nov 2009 20:41:08 +0000 Vallee Gold Team http://vallee.realty-buzz.com/?p=585

 

Tucson Housing Market Statistics for the month of October 2009.

 

Please click the following link to access the MLS Statistics for the month of October

Search for Foreclosures and Short Sales.

 

]]> http://tucsonazrealestate.com/2009/11/05/tucson-mls-housing-market-october/feed/ 0 Tucson April 2009 Housing Statistics http://tucsonazrealestate.com/2009/05/05/tucson-april-2009-housing-statistics/ http://tucsonazrealestate.com/2009/05/05/tucson-april-2009-housing-statistics/#comments Wed, 06 May 2009 00:44:40 +0000 Vallee Gold Team http://vallee.realty-buzz.com/?p=483

Great news for the Tucson housing market! Since January ’06 we had 6,890 listings. At this time last year, there were 8,800 or 21.78% more. The number of days on market is down in the 70′s from the 80′s and so far this year we are only down 219 units from 2008.

 

The median sales price dropped less than one percent last month and is now $164,000.

 

We have a trend going as the pending sales are moving closer together. In summary, our inventory is dropping and new sales are increasing so we are starting to absorb the over supply. This combined with the fact that new home permits are down indicates that the housing supply is coming closer and closer to demand.  We can conclude that prices don’t continue to fall when supply is on the decrease in relation to demand.

]]> http://tucsonazrealestate.com/2009/05/05/tucson-april-2009-housing-statistics/feed/ 0 Are we in a housing Crisis? CNBC By Dennis Kneale http://tucsonazrealestate.com/2008/09/27/are-we-in-a-housing-crisis-by-dennis-kneale/ http://tucsonazrealestate.com/2008/09/27/are-we-in-a-housing-crisis-by-dennis-kneale/#comments Sat, 27 Sep 2008 17:09:43 +0000 Vallee Gold Team http://vallee.realty-buzz.com/2008/09/27/are-we-in-a-housing-crisis-by-dennis-kneale/

We have been reading all kinds of commentary regarding the housing crisis…mostly negative. We found a terrific commentary on CNBC by Dennis Kneale….enjoy the clip from CNBC.

The Tucson market continues to stabilize as our active inventory continues to decline. with 7,763 active listings, this shows a 13.95% decrease over a 2008 high of 9,022 in March. From July 2007 to August 2007, there was a 3.01% increase in active listings; from July 2008 to August 2008 there was a -1.43% decrease in active listings.
 
Our seasonal market for August and September, took a dip in total unit sales and this year we closed a little less than we did in August of 2007.
 
The Tucson 2008 average sales price of $238,504 continues to moving downward due to the short sales and foreclosures, in August 2007 the average sales price was $273,815.
 

 

]]> http://tucsonazrealestate.com/2008/09/27/are-we-in-a-housing-crisis-by-dennis-kneale/feed/ 0 What’s really going on with the housing market? http://tucsonazrealestate.com/2008/09/14/whats-really-going-on-with-the-housing-market/ http://tucsonazrealestate.com/2008/09/14/whats-really-going-on-with-the-housing-market/#comments Sun, 14 Sep 2008 13:37:45 +0000 Vallee Gold Team http://vallee.realty-buzz.com/2008/09/14/whats-really-going-on-with-the-housing-market/

It has been a rough summer in Tucson, Arizona for the real estate market. Although our business is up 8 percent this year…the housing market in Tucson remains slow.  So what happens now that the U.S government has decided to take over Fannie Mae & Freddie Mac? How will it affect the housing market?

Alan Greenspan was interviewed on bloomberg this morning about  the government take over of Fannie Mae & Freddie Mac, including what is happening with Lehman.  Interesting interview!

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