There is no doubt about it that luxury homes in the Foothills are selling and that the number of sales is increasing for homes priced over $800,000. As time goes on, the deals will be less. Of course, there are numerous homes that are very over-priced, and these will not sell until they get real, but for those homes priced aggressively, most should become history in 2009.
Perhaps that the stock market is 15% better than last Fall has made the difference for the high-end market. Perhaps the many folks who love the mountain and Sonoran beauty, coupled with the fantastic climate, have decided it is now or never to get the best deal in many years.
Whatever it is, with each passing day, I see more proof of life in the luxury Tucson homes market.