DR Horton Offers Red Tag Event In Tucson

August 13th, 2015 by Michael Oliver

Something new that DR Horton just rolled out today is what they are calling their “Red Tag Event”. I guess since car companies do it a home builder may benefit as well. Basically what they are doing is dropping prices on their spec homes they have had in inventory for a while. In Tucson this works out to about 18 homes. While the pricing is low in most cases in others it’s no low enough as I have seen the majority of these spec homes (also called inventory homes) while showing clients property in the last month.

Condo Buying Risks- Pending Litigation Pitfall

April 13th, 2015 by Michael Oliver

"Tucson AZ condos for sale"

Condo Buying Has Risks Most Buyers/ Owners Never Realize Potential Litigation Ranks Among Them.

Many people like the idea of condo ownership specifically those looking only for seasonal property. These buyers associate condo ownership as a lock and leave situation as the home owners association takes care of all of the day to day maintenance of pool(s), gates, common grounds, roof, parking, etc. For the most part all this is true but what happens when the home owner association either doesn’t follow through or is negligent affecting other owners units?

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;

How To Identify Neighborhoods That Should Appreciate At An Above Average Rate

February 23rd, 2015 by Michael Oliver

Tips to find the best homes for sale that appreciate at above average rates.

It's Been Statistically Proven Homes Within 1/4 Mile Of Starbucks Appreciate At A Higher Rate Than Those Further Away! Learn What Other Above Average Appreciation Identifiers To Look For When Buying A Home!

Let’s face it when buying a home part of the decision is emotional, the other part if you are being honest is financial. Homeowners enjoy a net worth that depending on the study is 30-35x’s higher than a renter.

This net wealth effect comes from two sources for the homeowner; debt pay-down, and in most situations to a greater effect home appreciation.

Tucson Home Market Update 1/30

January 30th, 2015 by Michael Oliver

On the NE side of town the market is short of updated homes under $500k that are on anything over 1/4 acre. I have a buyer interested in any home over 2000sf with updates on over 1/4 acre lot near Sabino Canyon.

North Side sales are strong and have been strong for the past year this trend continues. All of the sales are not in yet for North Tucson (Foothills) but it looks like around 80+ closed in January up from 70 sales in January of 2013. Low interest rates and limited supply make for a great market.

Tucson Home Demand Increasing

January 14th, 2015 by Michael Oliver

Tucson AZ Home For Sale

This Tucson Listing Of Ours We Just Sold Yesterday After Buyers Looking At It On And Off For Just Over 3 Months. With Mortgage Rates Ultra Low Buyers Are Getting Motivated To Make Purchases.

Mortgage applications rose this week nationally to the highest levels in 6 years with purchase applications rising 24% over the seasonally adjusted numbers last week signaling buyers are getting ready to buy homes again. In Tucson we are seeing a reflection of this with many motivated buyers in the market and homes going under contract at higher levels than last year at the same time.

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:

$100M+ Bids Proposed For Downtown Project Just Announced

August 15th, 2014 by Michael Oliver

Just out today two developers proposed their own version of a $100M+ Project for the Rio Nuevo project just east of I-10 next to the TCC. You can read about the developments here; http://realestatedaily-news.com/two-100-million-projects-bid-arena-lot-rio-nuevo-district/

Regardless of who gets the project the downtown district is becoming a hub of development and prosperity compered to what it was just 10 years ago. For those looking to buy in the district home prices are high for Tucson (around $400k gets you a decent property with fixers going for as low as low $100k’s) but low compared to what the pricing will be once some of these large projects get finished and everyone can see what downtown Tucson has become. Armory Park, Iron Horse, Presidio, and all the other neighborhoods connected to within walking distance of downtown should directly benefit from the gentrification going on within the downtown Tucson district. For more info on the housing options available downtown call or email us thanks!

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NW Tucson Solar Powered Gated Custom Luxury Home For Sale- 3300sf, 7.4AC

January 7th, 2014 by Michael Oliver

NW Tucson Luxury Home

Amazing Energy Efficient (PV/ Solar System) Entertainer's Gated Custom Home on 7.4 Acres! This Home Features It All With 3,300sf, 5 Beds, 3.5 Baths, POOL, Spa, Private Well, 4 Car Garage (2 Car at Main House/ Workshop with additional 2 Car). Super Private Double Lot with Lush Natural Desert Surroundings Throughout! World-class Views and Excellent NW Location To Oro Valley/ Twin Peaks Make This Home A Must See!

One of our newest listings for sale is this Northwest Tucson luxury solar powered custom home! 9934 N Carolanne Tucson AZ 85742 is located ¬†on the NW side of Tucson. Since the NW side of Tucson is developing rapidly (including Oro Valley) it’s becoming hard to find the open space, serene desert, privacy, and the feature list this home affords it’s owner. 9934 Carolanne was developed in 2000 with 3,300sf, offering 5 beds, 3.5 baths on a gated 7.4 acres which includes two separate parcels (if the future owner wanted to build on/ sell off the attached parcel they could do this). The features list is lengthy on this NW Tucson luxury property but the main features offer;

Move Up Buyers Starting To Show Up In Tucson’s Housing Market

August 15th, 2012 by Michael Oliver

Foothills Home currently on the market

As mentioned all year here, the Tucson housing market is improving dramatically over the past 5 plus years of declines. Buyers feel pricing is more than fair (undervalued if you talk to most of them as I do), interest rates continue to push lower, and sellers are happy to make deals for prices that are better than they may have expected just a year ago. The one portion of the market all this was happening at most was the was the under $200k market where; first time buyers, investors, and second home buyers purchase most of the properties. Over this price point the market was still pretty slow but there was evidence that eventually the move up buyer ($200k-$750k) would surface again. As of today I won’t say the move up market is overly strong but it is moving better than probably anytime in the past 5 years. Buyers in this price range still want to negotiate a good price yet feel more comfortable with current prices and the overall market then almost anytime since the real estate boom of 2003-2006.

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