6755 N Hole in the Wall Way, a 6,400 square foot, two-story contemporary sold for 1.7 million after being on the market almost 3 years. It last sold for 2.2 million in March 2010 and before that it sold for $2,450,000 in March 2006. Long Realty was the listing broker. The views from this house are awesome of the high Catalinas, the surrounding Tucson Mountain ranges and the city lights.
The million + housing market in Tucson has been struggling since 2009 and has not made a comeback yet. The rare exceptions are new luxury homes which are very few since builders do not want to take the risk of not being able to sell at a profit . Also there are very few vacant lots that are priced to sell in the Catalina Foothills.
Buyers will find super-luxurious homes at bargain prices if they are willing to pay over a million. Contact me if you want to explore the market-520-615-2598.