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.