More Indications Bottom has Been Reached and Inventory is Dropping-Tucson Foothills

There is no doubt about it, sales are increasing and inventory is dropping. I will be very surprised if history does not tell us that the bottom was reached in the Spring of ’09. Buyers who want the best deals better get out there quickly because inventory is decreasing. Suppy is moving towards demand. The tipping point is likely have been reached. I predict in a few years we will look back and say “Wish I had bought in ’09”. 

The Tipping Point for Tucson Luxury Homes

It is here, the point where houses were not selling, in general, in the Foothills, in many numbers,until in the last few weeks all that has changed. There are many more houses selling and it is the tipping point! The prices have to have bottomed, mostly, in all price ranges, so the time is now, or around now and in six months we will know for sure….like the stock market, the time for the bottom may very well be here!!!!!!!!Finally!!!!!!!

Luxury Tucson Foothills Homes Over 1 Million – Sales Improvement

There is no doubt that the number of sales of homes priced over a million has increased. Long Realty Foothills Office has 7 new contracts on homes priced over a million  so far  for just the first 27 days of  April. Long Foothills Office has been the # 1 sales office in Tucson for quite a few years and I am happy to be part of this very successful office. 

The high-end homes are selling much better now than the sluggish pace revealed in the first quarter of this year.

Changing Times Coming for Tucson Luxury Homes

I predict within six months that homes priced over 400K will start rebounding. Although, in the present market, most of the sales are in lower- priced homes- below 350K, the buyer showings (which reflect interest) have increased quite a bit in homes priced in the higher ranges.  A market turn-around is likely around the corner. Of course, no one knows when the bottom has been met and the market pulls up– with  houses appreciating– until a quarter or six months after the bottom has occurred. There is no doubt about it, the number of listings is depleting; so if you want to find your dream house at a great price,and finance it with a low interest rate, it is time to dive in!

Open – Enrollment in Tucson – Catalina Foothills – District 16

Catalina Foothills – District 16 Schools – have open -enrollment. It is likely that even though it is past the open- enrollment due date for application of Feb 29th, that if you enroll soon, your child can get in. The District 16 – Catalina Foothills schools are ranked # 1 in Tucson and some of their schools are ranked # 1 in the state. Additionally, some of their schools are closer to the homes  that are districted for TUSD. The only catch is you will have to drive your children to school and pick them up if they are open- enrolled. Catalina Foothills School District has  excellent sports and after-school activities and the cost is very affordable. However, if you are thinking of open- enrolling your child, do not wait any longer: last Summer a few kids who tried to open- enroll were turned away since they were finished with their teaching hiring at some of the schools.

District 16 has had all “excelling schools” (ranked by the state of Arizona) for six years; the curriculum focuses on learning and thinking with digital-age literacy. It teaches kids personal and social responsibility. The curriculum includes Music, Art, Spanish and Phys Ed.  Go on line at www.cfsd16.org  for more information.

My New Luxurious Listing at Cimarron Foothills Estates

I recently listed a gorgeous home at 6595 E Placita Alhaja that is a steal! It is aggressively priced at 725K and has more to offer than any other Foothills listing priced near this price. It has 5 bedrooms and 4 baths is located on almost an acre and is almost 3,500 square feet. It is totally remodeled and has a Gourmet Kitchen and high Catalina Mountain views that are amongst the best you will find at any price. Call me at 615-2598 for your private viewing. Don’t wait–this one definitely will not last!

The Tucson Real Estate Market is Much Busier!

Wow! Every real estate agent I talk to agrees with me, the market is very active with many buyers out there finally getting off the fence and purchasing homes! Have the prices bottomed? All indications are YES! So don’t wait  any longer if you want to get a great deal and have more than a few houses to chose from! Interest rates are the lowest they have ever been and first- time home buyers (or those that have not owned a home for 3 years, and are purchasing a primary residence) are likely to qualify for an 8K tax credit.

 I personally have not been this busy in several years.  What a pleasant change! Call me if you want to explore your dream home at 520-615-2598. I promise excellent service!

As the Stock Market Moves Up, so Does Luxury Tucson Foothills Homes

There is a definite correlation between the housing market and the stock market.  As the stock market shows signs of bottoming out and moving up, so does the Tucson Luxury Foothills market.  More buyers are biting. It is likely that if you want to buy at the bottom, it has just recently been reached. What an opportune time with interest rates so low and inventory higher than usual.  Call me at 520-615-2598 to explore what the Tucson Foothills housing has to offer!

Local Mexican Hospital in Hermosillo, Mexico gets coveted International Accreditation

Hermosillo’s Cima Hermosillo Hospital, which is located just south of Nogales off of Route 15 (about 70 miles south of Nogales in Sonora, Mexico) has International Accreditation, and has a contract with Blue Cross and Blue Shield. As a result, its new coveted status will bring many Tusconians there for much less expensive treatments.

This “World Class” hospital  is one of the first hospitals in Mexico to get this acclaimation. To its credit, it is one of 20 hospitals in the world to get this high recognition.

Estimated reduction in health care treatment prices are 60% less than in the US.  If you have Blue Cross and Blue Shield, you may want to contact them to see if the procedure you want is one of the dozen or so procedures it covers. Some of the procedures covered include gynecologic, orthopedic and cardiologic surgeries.   Or if you do not have insurance, or have a very high deductible, you may want to consider exploring having your surgery done here. Currently the hospital accommodates 60 patients. There is bi-lingual staff to help those who do not speak Spanish and most doctors are trained in the U.S.  The hospital offers assistance to those who need trip coordination from the U.S. to  the hospital in Hermosillo,Mexico.

A Sign of the Times

In the past week I have noticed more higher-end Tucson Foothills homes have gone under contract. Previously homes above $700,000 – 1 million were seeing very limited sales activity. In fact, for a few months it was easier to sell a home priced over a million that it was for homes priced between $700,000 and 1 million. Perhaps the stock market appearing to possibly have bottomed out, and that it is now going up, has instigated this positive change in Tucson Foothills Luxury Homes Activity.

Donna Anderson, Realtor,Tierra Antigua Realty 520-603-8622 www.DonnaAnderson.com