2006 versus 2005 Tucson Foothills Luxury Homes priced 500K - 1 million

While the number of sales decreased by 30%, the Foothills houses priced between $500,000 and 1 million continued to appreciate.  The  2006 cost per square foot in the 85750 zip code showed a 6% increase and the 85718 zip code showed a 8% increase over 2005.  The other surprising statistics were that it only took an average of 52 days in 2006 versus 44 days  in 2005 to sell a house in the 85750 zip code, and it only took an average of 49 days in 2006 versus 45 days in 2005 to sell a house in the 85718 zip code; revealing almost no change.  If your looking at making the best investment decision, purchasing in the Foothills proves to be the best place to invest in Pima County.

This entry was posted on January 27, 2007 at 4:55 pm and is filed under Foothills Luxury Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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