July 24th, 2009 by Michael Oliver

Share This Post

Share on Facebook
Here is a video of El Encanto Estates. This video was done a little while ago and while not the best quality ever it is a good video to show what the neighborhood looks like, especially if you are from out of town and want a realistic view of the neighborhood. El Encanto is a luxury neighborhood in Central Tucson that was developed in the 1930’s by a real estate broker. The development was then developed and built out over the following 20-30 years. Today to own a residence in El Encanto is a major status symbol for most as it is one of the best known and most desired luxury neighborhoods in the city. As Tucson continues to push further and further out well located high end neighborhoods should do well as many high worth individuals like to be located relatively close to the business districts which is where El Encanto is positioned.

July 18th, 2009 by Michael Oliver

Share This Post

Share on Facebook The Tucson real estate market is making serious progress towards becoming more of a balanced marketplace than it has been for the past couple of years. (The market has been in decline since the end of 2005!) In the June 2009 Tucson real estate market stats, the amazing thing to take note of is that active listings are way down, currently at 6,261 active listings.

July 7th, 2009 by Michael Oliver

Share This Post

Share on Facebook Tucson Home affordability as most buyers know is what everything comes down to. The direction of the real estate marketplace in Tucson is driven by Supply and Demand, but demand is driven by affordability. The more affordable Tucson housing stock is the more people that can afford to make a purchase and the more buyers that will enter the market. This is all pretty simple stuff to grasp but the actual numbers are a little harder to come by so I have taken the time to breakdown this very important housing metric. Just about everyone can understand Tucson homes are WAY more affordable today then 3-4 years ago. Interest rates are down 0.5%-1.25% on 30 year fixed mortgages and home prices themselves have seen 40% (or more) declines in many neighborhoods across the Tucson valley. This all leads to higher overall home affordability.