December 29th, 2009 by Michael Oliver

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Tucson as many people know offers some high end luxury homes. Right now in Tucson the most expensive estate on the market is a super luxury 13,350sf, 6 bed, 10 bath, 15 car garage, state of the art theater, negative edge pool, complete with guest quarters, this home was built in 2009 and is one of the most prestigious homes in Southern Arizona. This property sits upon 1.34 acres in the extreme luxury neighborhood of the The Canyons located north of Skyline and east of Campbell Avenue. The Canyons sit opposite of another of Tucson’s most prestigious neighborhoods called Cobblestone built previously to The Canyons.

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December 11th, 2009 by Michael Oliver

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In the Pinnacle Peak neighborhood on Tucson’s North side a home just closed escrow for an amazing 25.3% less than an identical home (in floor plan and most features) did in the same neighborhood six months ago. This home is a newer (for the Catalina Foothills) contemporary home built in 2001 by A.F. Sterling. The property sold for $635,000 after over a month on the market. For those unaware of what prices go for in Pinnacle Peak that is an extremely low price for a home. This property was 3541sf, 4 bed, 4 bath, 3 car garage, with a pool. Another home of the same exact size and amenities closed escrow for $850,000 just a few months ago showing just how cheap of a price a $635k is for this home that just closed.

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November 11th, 2009 by Michael Oliver

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Share on Facebook The most expensive foreclosure property in the Catalina Foothills right now on the market for sale is a 5,428sf 4bed, 5bath, ultra luxury home in the prestigious gated neighborhood of Pima Canyon Estates. This home has it all including a 1.88acre parcel of land, tumbled brick driveway, soaring 24ft beamed and planked ceiling, 24×24 travertine tile floors, 8ft alder doors throughout, Fisher and Paykel appliances, large courtyard with fountain, amazing mountain and city views.

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November 10th, 2009 by Michael Oliver

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Share on Facebook Due to the local real estate market in Tucson still working through the downturn high end foreclosures are still showing up in the market. A new listing that just came up on the MLS the other day shows just how low some banks are willing to list their luxury real estate foreclosures to get them sold in today’s tough market. This property is in the Foothills in the Casa Rio Estates neighborhood off of River and Craycroft. The property is a very high end home on the market for what seems like an amazing bargain. First here are the features list of this high end mansion in the 85718 zip code; 9,776 square feet of living space! 5 bedrooms, 7 baths, built in 2007, guest apartment, 5 car garage, indoor pool, on a 2.6 acre parcel, the features list of this home really goes on and on. Many would be asking for this caliber of home the price must be in the $3+ million price range but you would be mistaken. This home just came on the market at $1,259,800, now at that price many would say what makes this a good deal it’s still over a million dollars?

February 9th, 2009 by Michael Oliver

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Buying a condo in Tucson’s Catalina Foothills makes sense for a number of reasons, if it’s your first home you can own a piece of the Foothills for a very reasonable price (condos start in the low to mid 100k’s). Tucson Foothills condo’s also make a lot of sense for the person who wants a well located and the “in demand” district the Catalina Foothills brings to the Tucson Valley. Furthermore upkeep in minimal, for both first time buyers (busy young professionals) and winter residents who only spend ½ the year in the Tucson region make buying a condo in The Catalina Foothills a natural and logical choice. Hopefully this post will serve as a buying guide for both segments of the Tucson condo market.

November 26th, 2008 by Michael Oliver

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Obviously when you’re relocating to Tucson Arizona if you have never been here it can be extremely hard to figure out what side of town you want to live on, or what type of home you can get. Hopefully blogs like mine help you to shed light on what is available and to get a feel for the region months before you actually show up to town. Relocating to Tucson Arizona can (like all relocations) be stressful and complex. The toughest part of relocating to anywhere regardless if it’s Tucson (which hopefully it is) is finding a home you like in an area of town that works well for both you and your family. I figured I would give a basic rundown of the large mega communities that are very popular with relocating (and native residents) buyers. These neighborhoods are large in size and not necessarily for everyone, however the reason why they are large is because people find them well situated and well priced so they have a lot of demand. When relocating to Tucson as anywhere, everyone has opinions about “the best area” or “The best neighborhood” all of this is very, very subjective talk to 10 people and your bound to hear 10 different responses. Like I said this relocation guide post is simply to make potential relocation buyers aware of the Tucson area’s most popular large master-planned communities.

November 21st, 2008 by Michael Oliver

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I wanted to give people a different understanding of how local real estate really truly is so what better way I thought to do this other then break real estate numbers down (listings vs. sales) for each zip code across Tucson AZ. What I found confirms a lot of things I have been saying on this blog, #1 of which the top end is (already is will continue too) going to have problems in the high end 1M plus price range. If you look at the absorption rates (number of listings in a given sub-market vs. the actual number of sales that ratio “absorption rate” tells you essentially how long it would take at current levels to sell through the available inventory of homes.) of individual zip codes in Tucson you can get a good feeling for where the real estate markets are the strongest or weakest. So I’ll give a run through of the numbers along with some commentary to help those looking to buy/ or sell a better understanding of where they stand in Tucson’s real estate marketplace. Here are the absorption rates per zip code for October 08: