Yesterday I wrote about the upswing in prices of Tucson Foothills homes in the price- range 400K-500K. In fact in the last month and a half there have been 25 homes that have closed escrow. This price -range is moving as fast as the 300K-400K price-range that had been moving much better until recently.
I want to give some more specifics about these sales in the price -range 400K-500K: most are listed or sold with Long Realty agents with the top producing office as the Long Foothills office and there is also a good representation of agents from Long-Tanque Verde office and Long River – Campbell Office.
The neighborhoods with the most sales are: 3 sales in Fairfield, 3 sales in Shadow Hills, 3 sales at Coronado Foothills, 3 sales at La Paloma, 2 sales at Hidden Valley and 2 sales at Villages of Ventana. Clearly the bargains are out there for great homes under $500,000. I have noticed that the inventory is depleting, so those who want a great deal, buy now before there are less good choices. Mortgage rates are hovering just over 5%. DON’T WAIT! If you want to explore the market, give me a call at 520-615-2598 or email me at Donna@DonnaAnderson.com .