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Tucson Housing Market Strong And Getting Stronger

July 10th, 2015 by Michael Oliver

This high end Catalina Foothills home we recently listed and sold in only 4 days! Not proof in itself that the market is strong ,but properly priced and marketed homes are finding buyers willing to pay premium prices right now in the Tucson market. This is the same in Oro Valley as well.

Market statistics came out yesterday for the Tucson housing market, (click the link to see them) the market here is very strong and it seems to be getting stronger with buyers looking to lock in low rates. Prices are not up an incredible amount YoY (3.67%) however by looking at the unit sales (YoY up 14%) and volume (YoY +18%) if these trends continue prices will have go where to go but up.

Investors Starting To Enter The Tucson Market Again

October 21st, 2014 by Michael Oliver

This Tucson area Foreclosure Is 2500sf For Sale At $169k And Would Rent For $1300/mo+ Turn-Key! See More Tucson Foreclosures Here

After seeing most of the investors leave the Tucson market during the second half of 2013 and stay out of the market most of 2014, the Tucson real estate market is starting to offers good values again and investors are showing up to buy them. Just today we had a institutional buyer looking to start buying homes in Tucson after seeing more opportunity in the area. I will say from about April of 2013 until the last 60 days I didn’t see many great deals in the market for investors. The market was short of inventory and prices were great for sellers.

Below Market Catalina Foothills Homes For Sale

September 11th, 2014 by Michael Oliver

Tucson, AZ 85750 This home is a raw value 2819sf, with a pool for $254k but it needs updates/ other repair work.

In the Catalina Foothills market there are currently a few options for those buyers wanting under market/ raw value homes. The market in the Foothills is strong specifically under $750k right now as buyers are looking to move into and up within the high quality neighborhoods of 85718, 85750, and also parts of 85704 as well as 85749. Recently several high end foreclosures ($500k+) have found buyers quickly indicating the buyers in the market are switching to raw values vs just paying for a finished home. Earlier this summer you could always find 2-3 higher end foreclosures on the market today none exist below $400k.

Below Market Homes For Sale East/ Southeast Sides Of Tucson

September 10th, 2014 by Michael Oliver

Everyone is always looking for the best deal on a home in Tucson. Here are nine homes that are as of right now available on the East and Southeast sides of Tucson for sale. All of these homes represent great value.

Some need work, others need updating, while still others are move in ready, but all of them represent low pricing for their neighborhoods size and price-points . If you want more information about any of these properties or would like to schedule a showing contact us today! (Click on the photo to get the listing to come up.)

Best Deals In The Tucson Market- Perfect Homes/ Properties For First Time Buyers, Investors, Or Flippers In Some Situations

August 19th, 2010 by Michael Oliver

This home is one of the best values in Tucson even at full price the home is yielding about a 11.8% CAP Rate

When analyzing the lower end of the Tucson real estate market there are quite a few low priced deals to be found. These homes are great for first time buyers looking to get in at below market price points, investors looking to buy and hold/ rent, or in some cases a few of these are good matches to be fixed and flipped for a profit.

NW Tucson Home Deal On A Foreclosure In Gladden Farms 2813SF 4 Bed/ 2.5 Bath For $159,900!

April 5th, 2010 by Michael Oliver

"Gladden Farms Foreclosure Home"

Gladden Farms Foreclosure Home Deal Currently On The Market For $159k

In Gladden Farms a newer subdivision in Marana a foreclosure home is on the market for $159,900 that is over 2800sf, with 4 beds, and 2.5 bath built in 2005! The home also features a 3 car garage, large loft, big covered patio, with a large rear yard, and a wash behind the property. This home does need some work but its mostly cosmetic in nature and considering the price this home is a pretty good buy. The same home just a few years ago sold for over $350k and can now be purchased for less then half of that price! This shows just how far prices have slid in just a few short years. In this homes case it sold for $368k in 2006 at today’s price it represents a 57% price decline! With some negotiation this home maybe even purchase for under $150k showing a price decline of roughly 60%+ from the 2005-2006 real estate highs in the Tucson area.

Tucson Fix-Up Homes For Sale/ Listings- Catalina Foothills Fix Up (Fixer Upper) Property- And How To Best Flip Homes in Tucson!

March 29th, 2010 by Michael Oliver

"Fixer-upper in Tucson"

This fixer-upper home in the Foothills is perfect for an investor with deep cash reserves

I recently went scouting major fix-up homes in the Foothills for a client the other day. One of the homes was one of the largest fix-ups I have seen in a while. This home sits in the heart of the Catalina Foothills and I have no-idea how a home in such a high end area got into such dis-repair. (literally multi-million dollar homes are all around it) It got me to thinking of what a lot of potential buyers of “fix-up” homes or buyers who want to buy homes that need a lot of work should be looking for when trying to find a good buy and home that can be purchased under market.

Michael Oliver - Best Tucson Realtor