Archive for July 2007

Turning Point in Foothills Market Conditions

My number crunching of the most recent multiple- listing stats indicate a slow turning in the market conditions of luxury Foothills homes priced from $400,000 and $750,000. After studying the numbers in zip codes 85750 and 85718, it seems that there is only a 5 1/2 month supply of houses priced from $400,000 - $500,000 and a 6 1/2 month supply of houses priced $500,000 - $750,000. Anytime the supply is around a six month supply of homes inventory, it is no longer a “Buyers’ Market”  or a  ”Sellers’ Market”, and is instead, a “Neutral Market”. However, houses priced over $750,000 face a ten month inventory, so it is still a Buyers’ Market in this price range. This is good news for Sellers of Foothills houses priced from $400,000 - $750,000. No longer will they have to continue to reduce prices if their original list price is reasonable, and no longer will they have to give up so much in  negotiations. Buyers who are looking for houses in this price range better buy now, because it is likely it will not be too long before the market may turn in the favor of the Sellers.

The Long Real Deal

I am really glad my company–Long Realty– can be so innovative! Because we are going into a really slow season, Long is offering a special to all buyers who purchase a Long listing and use Long Mortgage for their financing. Long is offering the first year of the mortgage at one percent less. The offer runs from July 16 - September 15, 2007. This is also great for those who list with Long since literature on this special will be available at each of the houses we list, plus  this special will be advertised and bring more buyers to look at our listings. My personal experience has been that Long Mortgage does a super job; rates are competitive and the service could not be better! Hurray!

Ventana Reserve

There is a rare find of a new A. F. Sterling Home on an acre in the Foothills for just under one one million! “Ventana Reserve”, a small enclave of 17 homes located off of Sunrise and Indian Trails has much to offer!  It is so popular that several Tucson realtors have decided to call this community home! This pristine desert area has mountain and city views and is within walking distance to Sabino Canyon and Ventana Canyon. Families are happy to note their children  attend District 16 - Catalina Foothills schools that has test scores that are the highest in Pima County and, in the case of the middle school, - Esperero Canyon Middle -has been ranked by some as the best public middle school in the state.  The HOA fee is a low $35 per month; these homes are on septic system.  This is a rare find indeed!

New—Sabino Mountain Blog!

I just wanted to mention that I just started a new “Sabino Mountain Blog” a few weeks ago.  You may want to check it out; go into my website, www.DonnaAnderson.com and hit the “Sabino Mountain Blog” to read it. I was driven to write about the community that I live in and love! Sabino Mountain is a beautiful  ridge -top community that has houses  that started being built there in the early 2000s. Houses there include Pepper-Viner, Monterey, Outpost  Builders semi-custom and custom homes and many other custom home builders. The current resale price ranges are from the high 300s to 2 million (at the present time–there are other houses not for sale that are clearly worth up to 5 million there). There are dramatic views of the Santa Catalina, Rincons and Santa Rita Mountains; great  pristine desert and city views abound. It is located right near Sabino Canyon– near Sabino Canyon Road and Synder. The community is gated and has a neighborhood pool and club house. Please feel free to call me at 615-2598 if you would like to view houses for sale in this gorgeous neighborhood that I call home!

Pima County Home Sale almost Hit the 5 Million Mark!

Windemere Distinctive Homes recently listed a home in Saguaro Ranch that sold for $4,950,000. Long Realty represented the buyer. Saguaro Ranch is the incredible exclusive community off of Tangerine  Rd where you have to go through a tunnel to reach this awesome community. This house was located at 13485 N Old Ranch House Rd; it has 5300 square feet and is located on a little over 4 acres with 3 bedrooms and 3 full baths and 2 half baths.  This property is not located in the Foothills, but the sales price was quite noteworthy. Lots in this community cost 1 million+.

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