March 7th, 2010 by Michael Oliver

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Home Values in Tucson have changed dramatically over the past 10 years both towards the upside and then as the market has re-aligned recently. Home values in general within Oro Valley are quite a bit higher then in the greater Tucson area, while areas such as the SW offer lower then average home values. Buyers specifically move-up buyers, retirees, and higher end managers/ business owners seem to be pulled to the higher end feel that Oro Valley has as well as its magnificent mountain views, world class golf, and a small town feel. Other areas of the Tucson metro region also offer amenities and benefits that drive buyers to those specific regions. All of these factors play into home values in Oro Valley as well as the greater Tucson area and are reasons buyers prefer to live within it.

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February 25th, 2010 by Michael Oliver

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The higher end of the Oro Valley foreclosure real estate market is seeing some nice listings come on the market. Recently I have seen

This Oro Valley Foreclosure Is Currently On The Market For $349,900

several high quality foreclosure homes within Oro Valley, these homes are newer and seem priced well considering the size and quality of them and the higher end neighborhoods in which they reside. Oro Valley Foreclosures are like a lot of other Tucson areas (including the foothills) where foreclosures are in almost every price range and home type. Oro Valley as a whole offers a smaller number of high quality move in ready foreclosure homes but has a high amount of short sales leading many to believe the supply of higher end foreclosures will be available for some time as the Oro Valley housing market is still in a recovery state.

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November 17th, 2009 by Michael Oliver

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Share on Facebook High end foreclosures seem to just be hitting the market in Oro Valley in the past couple days several have shown up. This one is on the lower end of the new Oro Valley foreclosure homes that have hit the market recently but it’s also one of the best values as it was sold in mid 2006 for $1,950,000 and today can be purchased for a fraction of the price at its listed price of $825,000. I’m thinking with the right buyer (cash offer) and some negotiating a low $700’s final price is very possible for this home seeing how the banks are trying to move their luxury homes right now. Even at its full listed price of $825k this represents about a 55% discount over the “top of the market” price. That’s pretty extreme, even for high end luxury real estate in Oro Valley and the greater Tucson area. It’s safe to say luxury home prices in Tucson have fallen 30-%40% from 2005-2006 highs but to see a property listed with a 55% discount and assuming the bank will discount further equates to a 60%-70% final sales price from 2005-2006 highs!

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August 13th, 2009 by Michael Oliver

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Share on Facebook The Real Estate Market in Oro Valley is undergoing a bottoming out as most of the sub markets in the Tucson region are also experiencing. Within Oro Valley the foreclosure crisis that has hit Arizona on a whole has not been as bad as other areas such as Sahuarita, and parts of Tucson. Oro Valley homes on average command the highest sales prices of any city in the Tucson region. Only the Foothills (specifically zip code 85718) has a higher price point then Oro Valley. So how is the real estate market fairing within Oro Valley Arizona today? Homes for sale in Oro Valley (single family homes) start in the $150k range and can range up to the multi-millions as Oro Valley offers some of the highest end real estate available within Southern Arizona. Here are the up to the minute statistics :

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