It's all here! News on the Tucson real estate market, tips and information for your Tucson real estate needs, and my occasional "likes" about Tucson and all the things we love about it. Read on!

Wednesday, February 27, 2013

Pima County Property Tax Notices Mailed. Can You Appeal?

By now we should have all received our valuation notices for our Tucson homes from the Pima County Assessor.  If you are like me and most other Tucson homeowners, your valuation was pretty much the same as last year.  There were a few areas of Pima County starting to show increases in valuation (downtown, the Catalina Foothills, Oro Valley and a few others) due to increases in sale prices, but most other areas held steady.

You should take a look at the full-cash value listed on your notification and also make note of  the property characteristics and classification.  If you note anything that may be incorrect, or if you believe the value given your home does not accurately reflect recent sale values of similar homes in your neighborhood, you may want to talk with the Assessor's office about an appeal.

But first, take a look at the following link to see more information on how the valuation of your Tucson property is set by the Pima County Assessor:  Pima County Property Assessment Process

If you think you have grounds for an appeal, here is the link which will give you more information on that process:  How to Appeal Your Pima County Property Assessment   Keep in mind that an appeal petition filed with the County Assessor's Office must be filed no later than 60 days after the mail date on your "Notice of Valuation" or the deadline date indicated on the notice.

And keep in mind that the County Assessor does not set the tax rates on our Tucson homes, only the valuation on which the individual taxes are calculated. 


Friday, February 22, 2013

Sold! 740 N Via Roma in Scenic Gates Pass

 This classic Tucson Mountains burnt adobe home is perfect for entertaining with a large Spanish Colonial inspired living room, large fireplace and formal dining room, both with dramatic beamed high ceilings.  The living room of this Tucson home opens onto a beautiful arched portico which in turn flows onto a large bricked patio with mountain and desert views.  Minutes from downtown and UA, the Mountain Gardens neighborhood is surrounded by mountain ridges and adjoins Tucson Mountain Park with great hiking close by. Sold for $260,000.

Thursday, February 21, 2013

Tucson Favorites: Southwest Indian Arts Fair


The expansive front lawn of the Arizona State Museum on the University of Arizona campus in Tucson is the site of the annual Southwest Indian Arts Fair beginning this Saturday, February 23.  You will find artists, beautiful Native American jewelry, native foods and wonderful music throughout this two day event.  We ended our day last year sitting under a tree with some delicious fry bread while tapping our toes to the music of a Tohono O'odham band.  And you will likely find us there again this weekend.

It all happens this Saturday and Sunday beginning at 10am.  The Southwest Indian Arts Fair is held at the Arizona State Museum, located near the University of Arizona's Main Gate.
mmm...fry bread
Click the link below for more information:
Southwest Indian Arts Fair at the University of Arizona

Wednesday, February 20, 2013

January Tucson Home Market is Steady

I think we can now safely declare that the Tucson home market has bottomed out.  Both average and median sale prices have been pretty stable for the past seven months, as has the number of home sales each month.

Most of the activity continues to be in the lower price ranges, but homes even in the 200,000 - 350,000 range are moving faster in some areas of town.  Cash continues to be king, with 36.7% of January Tucson home sales being cash transactions.  The number of homes under contract was up 19% in January, so we will watch to see if that does foretell an increase in actual closings in the next month or two.

To see the full report on January Tucson home sales, click the link below.

January 2013 Tucson Home Sale Statistics

Saturday, February 16, 2013

Food Truck Roundup in Gates Pass Today in the Tucson Mountains

If you are on Tucson's West Side or anywhere near, head on out to Gates Pass Road where the Tucson Food Truck Roundup is set up for the afternoon at the International Wildlife Museum. 
I spotted them while driving home and just finished up a great spicy paprika bratwurst with sauerkraut from the German Food  Station.  But there is quite an assortment of trucks, including Serial Grillers, Jackie's Food Court, Mafooco, You Sly Dog, Mike's Roadside Cafe, and of course, the German Food Station.  They are there until 4pm, so head on over. 
Spicy Paprika Bratwurst...oh my!
You can follow the Tucson Food Truck Roundup on Facebook:  Tucson Food Truck Roundup

Saturday, February 9, 2013

It is Gem and Mineral Show Time in Tucson



Admit it…you have lived in Tucson forever and you have never ventured out to Tucson’s gem and mineral show.  While the sheer size is a bit overwhelming, I find it best to take it in small bites.  Just pick a location, park the car and start walking from vendor to vendor.   You will be amazed at the array of beautiful minerals, fossils, gems and art from all over the world. I guarantee that something will catch your eye, and you won’t go back to your Tucson home empty handed.

To help decide where to start your experience,  go to www.tucsonshowguide.com and click on “All Shows.”  Note that some shows are open for dealers only, but there are plenty open to the public.

Thursday, February 7, 2013

It's a Beautiful Day for the Santa Cruz Farmers' Market

Lots of good winter vegetables at the Santa Cruz Farmers' Market today...lettuce, brocolli, cilantro, plus potatoes, fresh eggs, local citrus and more.  Tucson's award winning Santa Cruz Farmers' Market is located at the Mercado San Agustin on Congress Street just West of Interstate 10.  The market opens at 3pm and runs until 6pm.  Click the links below for more information on the market and Mercado San Agustin.

Tucson's Santa Cruz Farmers' Market

Mercado San Agustin

Friday, February 1, 2013

Mortgage Rates Trend Higher

Potential Tucson home buyers take note! 

It has been a great run of low mortgage rates but the trend may now be towards slightly higher rates due to the improving economy.

30-year fixed rate mortgages averaged 3.53% this week, up from last week's average of 3.42%.   15-year rates averaged 2.81% this week, up from last week's 2.71%.   The good news is that these slightly elevated rates are still near historic lows and are still considerably lower than one year ago when 30-year rates averaged 3.87%.

Here is what the chief economist for Freddie Mack, Frank Nothaft had to say about it all:  "Mortgage rates continued to trend upwards this week amid a growing economy led in part by the recovering housing market."  Citing several positive growth trends in home sales, Mr. Nothaft added "All of these factors helped residential fixed investment to add nearly 0.4 percentage points to real GDP growth in the fourth quarter alone."