July 2009 Sales in Tucson Zip Codes 85718 and 85750

August 15, 2009 by Donna Anderson.

There were 129 sales in the prime Tucson Foothills zip codes of 85718 and 85750 and this is the breakdown:

under 100K              1

100K - 200K            20

200K - 300K            29

300K - 400K            20

400K - 500K            21

500K - 600K             10

600K - 700K             11

700K - 800K               4

800K - 900K                1

900K - 1 mil                 3

1 mil - 1.5 mil               6

2.1 mil - 3.25 mil        3

No doubt sales are increasing, especially in the $600,000 - $700,000 range that had been particularly hard to sell in the first six months of the year.  The over 1 million homes that are priced right continue to sell, but the vast majority seem over-priced and the buyers are passing on these homes. The price range under 500K is increasing sales.  Most homes are selling at 2004 prices.  As time goes by, real estate agents are no longer interested in listing over-priced homes and this is reflected in the depletion of inventory and increase in sales.

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