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Tucson Accenture Match Play Golf Championship Starts Today

Today marks the beginning of the annual Accenture Match Play Golf Championship which lasts until February 21st. The new Ritz Carlton Golf Club-Dove Mountain, Marana (7 miles NW of Tucson), which is a Jack Nicholas- designed course will host the top 64 golfers. This event offers an 8 million dollar purse. The new golf course treverses across the Tortolita Mountains, and the majestic canyons and tall saguraros of the pristine Sonoran Desert. This year many of those competing will stay at the new adjacent Ritz Carlton Resort that just opened December 18th. Rates at the Ritz Carlton Resort are as low as $169. a night from May 16th- end of August. The Ritz Carlton Golf Club restaurant is normally open to the public and has a great location to drink in the spectacular mountain and desert views.

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Tucson Luxury Homes Priced over a Million have 8 Sales in 2010

So far this year 8 homes have closed escrow in Tucson with prices ranging for $1,050,000 - $1,800,000Six of the sales come from the main Catalina Foothills zip codes of 85718 and 85750.  The highest price home was a beautiful foreclosure in Pima Canyon (Foothills 85718 zip code) and had a final price of 1.8 million.

Please note: This summary of sales only includes homes that have closed escrow and does not include homes under contract.

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Tucson Luxury Homes Priced 500K-1 Million have 25 Sales in 2010

In studying the homes that have closed escrow since January 1st, it is remarkable that half the final sales prices are between 500-600K.  Goes to show the lower end of the upscale market is doing the best. Ten of the sales came from the main Catalina Foothills zip codes of 85750 and 85718, with the highest price one coming from Sabino Mountain, priced at 900K, which is located in the Foothills 85750 zip code and is 2 doors up from my house. This home is a contemporary beauty backing to the pristine Sonoran Desert.

Please note that this figure does not include homes that are under contract that have not closed escrow yet.

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Pima Canyon - Luxury Homes in Tucson Catalina Foothills

Yesterday I visited 6 open houses at Pima Canyon. The price ranges for these beautiful homes nesting into the Catalina Foothills with city, multiple mountain and pristine Sonoran desert views was 1.3 million to 3 million.  Only two of the homes had furniture in them and the rest could certainly benefit from staging. My best guess is that the Sellers have had to so aggressively price their homes to get a potential buyer that they are unwilling to invest in staging. However, large homes with very high ceilings are just the right homes for staging. It is hard for the buyers to imagine living in there when it is barren. I was amazed that there were 6 Pima Canyon homes held open from 1-4 yesterday. Typically there are not many high-end homes held open. And from the looks of it there were a lot of folks viewing these magnificent homes.

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Don’t Forget to Open Enroll Your Child to District 16-Catalina Foothills Schools in Tucson

Open enrollment ends the end of February, so you may want to finish your application on-line. Go to www.cfsd16.org to learn more about Tucson’s top schools with the highest test scores, smallest classes and best physical envirnoment with backdrops of the fabulous Catalina Foothills. The schools have all been “excelling”  for the past 7 years. Catalina Foothills High is in the top 2% as per Newsweek. My daughter goes to Esperero Canyon Middle School, and I was happy to find she has Physical Education, Spanish and either Music or Art every school day. Her teachers and the administration is superb!

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Many Luxury Homes are Selling in the Tucson Catalina Foothills

Just yesterday 3 luxury homes went under contract in the Tucson Catalina Foothills.  They are:

7173 N Cathedral Rock Place    List Price $875,000     The Foothills       1.58 acre    4,570 sq ft    

6414 N Desert Wind Circle          List Price  $989,000    Ventana Canyon   .56 acre  3,330 sq ft

1887 E Desert Garden Drive        List Price $1,250,000  Pima Canyon       1.05 acre   4,335 sq ft

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Stone Canyon - Luxurious Homsites in Catalina Foothills up for Auction

Thirty - two lots in Stone Canyon 3 in Rancho Vistoso in Oro Valley, right outside Tucson, are slated to go to public auction on March 31st. The 32 - one acre and larger lots  offer golf course ambiance. Stone Canyon’s homes start around 1 million, and its setting offers magnificent vistas of multiple mountain ranges, and the pristine Sonoran Desert.  

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Houses Sold or Under Contract over 750K in Tucson

It is interesting to note that of the 37 houses that have sold since the first of this year or are under contract wait to close escrow, the most popular communities are: Alta Vista, Honeybee Canyon and Dove Mountain.

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In 2010-Tucson Luxury Homes $500,000 - 1 million

 There are 59 Tucson luxury homes that either closed escrow (in Jan. ‘10) or are under contract that are priced between 500K and 1 million. Fifteen are from the 85750 zip code and fifteen are from the 85718 zip code–both zip codes are in the heart of the Catalina Foothills. Seven homes are located in Oro Valley. Surprisingly enough only two are located at Dove Mountain and only one is located in Vail. The rest are scattered all over the rest of Tucson.  It is no surprise that most luxury homes that are selling are in the main Foothills zip codes of 85718 and 85750. Most homes in these zip codes are districted for the coveted Catalina Foothills - District 16 schools and this is where most of the resorts, high-line shopping and restaurants are located. Main epicenter Foothills zip codes usually represent the best investment. That being said, Oro Valley and Dove Mountain  offer a beautiful setting with views of multiple mountain ranges and are more affordable. Tucson has many choices to reside where you can live the good life! Prices are more affordable than ever and many are taking advantage of the low interest rates and prices that are the same as four years ago. Why suffer through a cold and dismal winter when you can have 360 days of sunshine in beautiful Tucson?

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Million Dollar + Homes Under Contract or Sold in 2010

There are 14 homes priced over a million that are listed under contract or closed escrow so far in January 2010. The prices range from $1,095,000 - $1,861,500. Some of the community sales include one at Ventana Canyon, one at Alta Vista, one at Skyline Country Club, one at Honeybee Ridge and three at Dove Mountain. With so many homes over a million that are aggressively priced, we are sure to have many more highline homes sold in 2010. This is a great start to 2010.