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2016 was a strong year for real estate in Tucson. Here is a recap

December 27th, 2016 by Michael Oliver

"Tucson real estate market"

Here's our re-cap of the 2016 Tucson real estate market and what is selling the best!

The Tucson real estate had a very good and balanced market for most of 2016. Early in the year until November, the market had incredibly low mortgage rates offering borrowers the ability to buy much higher priced homes then they would be able to qualify for just a few years prior. This in turn, allowed many sellers to increase the asking price of their homes and buyers went along with this on average the price of a home in Tucson increased 3.8%. Many parts of Tucson are seeing heavy demand for homes currently (and have been for the last year) those areas would be;

7255 E Snyder Road 7206, Our Newest Listing Condo Listing

August 27th, 2016 by Michael Oliver

"7255 Synder Condo For Sale Foothills Home"

This Ventana Area Condo Just Listed For Sale

Our newest condo listing in the Catalina Foothills is this spacious 3-2 condo is in the upscale Villas at Sabino Canyon Condominiums neighborhood. Located at the back of the development this unit offers premium mountain views from the living room with privacy!

Situated in the Ventana Canyon district, it avoids the bustle of the city and delivers on spectacular Sonoran scenery while being only an easy twenty-five-minute drive away from downtown Tucson. The location also provides a perfect location for world class gold at nearby Ventana Canyon (with resort options as well), shopping not to far away  in the Catalina Foothills at La Encantada, as well as many dining options for every budget and category!

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Tucson Builders Falling Behind Expect Build Times To Increase

August 11th, 2016 by Michael Oliver

Get Ready For Longer Built Times And Higher Prices In The New Home Segment Of The Tucson Market

As projected earlier this year the homebuilders in Tucson are starting to fall behind on build times across the Tucson metro region. Homes that were being built from start to finish in January 2016 in 4-5 months are now taking 7 or more months to complete.

The main reason this is happening is due to more demand for homes then workers to build them. Homebuilding in Tucson had been in a severe slump for many years until about 2015. Between last year this time and today the demand for a brand new home has almost never been higher.

Tucson Housing Market Going Up Or About To Fall?

July 12th, 2016 by Michael Oliver

Oro Valley Home We Recently Listed And Sold In 5 Days For FULL PRICE! Proof Of How Strong The Tucson Housing Market Is. Not All Homes Are Demanded Like This However. Read This Post To Understand What Is Happening In The Market.

We have been seeing an a lot of demand this year as buyers feel confident about buying Tucson area homes. Low mortgage rates and a competitive landscape seem to be speeding up the velocity of the marketplace. This has been the case for about the last 6 months in the Tucson area. Many buyers are getting beat out on the best homes and the next time they find one they like they are currently willing to step up and make really good offers out of the gate. I have seen recently buyers willing to pay full price or more on their initial offer just to lock up a house…

Michael Oliver - Best Tucson Realtor