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Tucson Neighborhoods That Should See Above Average Appreciation

March 2nd, 2015 by Michael Oliver

High End Remodels Are A Great Sign That A Neighborhood Is Experiencing A Gentrification/ Surge In Prices. This Tucson Country Club Home Is One Example Of Neighborhoods In Tucson Seeing This. Here Is A List Of Other Neighborhoods That Fit The Criteria!

In an earlier post I talked about how to find neighborhoods that have the ingredients for higher than average home appreciation. Now let’s take a look at some of the best Tucson area neighborhoods that would fit the criteria. Here is my top 5 list;

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.

Luxury 4640sf East Side Foreclosure Home For Sale

September 30th, 2014 by Michael Oliver

One of the better homes available in the market right now is this 4640sf, 5/4 3-car garage, pool on 1.61 acres loaded with luxury finishes. Currently a foreclosure home listed for sale but in excellent shape this property is something not found on the market everyday. This property is located on Tucson’s east side to get pricing and see more photos follow the link;  Learn More

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Below Market NW Tucson Homes

September 16th, 2014 by Michael Oliver

In today’s slightly buyer’s market more homes that are very reasonable deals are showing up. They mostly seem to originate in the foreclosure market as foreclosures, the banks overprice by 25% or more. Then the most probable buyers lose interest and the homes are continuously dropped in price until they are way lower then they would otherwise have been/ should be.

Why this happens is buyers just assume the simple idea of “If the home was such a good bargain, someone would have bought it already.” and they pass it over. Most of the time this is true, but these homes I think are the exception some by quite a ways. Here are the below market homes available on the NW Tucson market currently. (click on the listing photo to see additional info/ photos for each property)

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.)

Closed Tucson Home Sales Today 9/8

September 8th, 2014 by Michael Oliver

This Rancho Sahuarita Home Closed Today For A Below Market Price! (101 W Camino Espiga)

Today 71 homes posted as closed with a discount to list price of 1.72% from full asking price. This shows buyers willing to pay up to get into a home. Most of the homes were move-in ready homes with updates which continues the story we are seeing in the market which is: “Quality Sells” this is true in today’s Tucson market. Here are some of the notable homes that posted today.

 

Slower Market = Great Home Buys In Tucson

August 27th, 2014 by Michael Oliver

This High End Home Is One Of The Best Values In The Market; Bought In 2008 For $2.25M Now $1.175M! See This List For Other Great Values In The Market!

This summer the housing market in Tucson has seen a slower response from buyers who in years past have bid prices up over 25% from the lows of early 2102. Buyers are still buying, but they are taking their time and looking for great values in the market. I expect to see this sluggishness go away soon as homes in Tucson are still very affordable specifically when financing a property. Costs of ownership are low with other areas of the country bringing in new buyers looking for; investment property, retirement homes, and second homes. Currently here are some of the best real estate deals in Tucson:

More Affordable Homes Are Coming On The Tucson Market

February 24th, 2014 by Michael Oliver

This Newer Tucson Area Home Can Be Purchased For $131k! (1387sf, 3/2)

Since the start of 2014 I have been seeing more affordable homes hitting the market (under $150k) then we have seen in Tucson in at least 6-9 months. The foreclosures are the main driver of the value end of the market but just today a $99k home on the NW side came on the market for sale, $123k 4 bed in Rita Ranch I saw yesterday, and numbers other under $150k great values are available for buyers willing to buy.

Boomerang Buyer Stats

February 19th, 2014 by Michael Oliver

Boomerang buyers are those buyers who gave up homes during the real estate crash and are now re-buying homes. Usually those homes they are buying today are of like quality and features they owned before but at significantly lower prices and payments. As time goes forward these buyers are going to push up the real estate market here in Tucson. Looking at these stats by 2017-2018 we could see a huge percentage of these buyers in the market.

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