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!

Friday, November 15, 2013

Tucson Market Stats: Prices Steady But Active Listings Are Up Almost 10%

Tucson home sale prices held steady in October.  The average sale price was up 2.41% from September but the median sale price was down a slight 0.26%.   Even so the October sale prices were up 10.33% and 8.39% respectively from one year ago.  Total number of sales at 1,130 was up 7.52% from September but the total number of homes on the market grew by 9.67% to 5,173. 

But we tend to see a slowdown this time of year.  Activity typically picks up again after the holidays, so if our friends in Washington cooperate and don't create any more economic turmoil and concern, we should be looking good in 2014.

For a pdf of the full October Tucson MLS statistics go to Tucson MLS Stats

Thursday, November 14, 2013

Tucson's Rogue Theatre Shines with Shakespeare's Measure for Measure

I had never seen Measure for Measure and wasn't sure what to expect.  The storyline seems so serious: seduction...oppressive regimes...heads getting chopped off.  But what I didn't expect was the humor that the Rogue brings to its terrific production of this Shakespeare classic. 

The Rogue has developed a talented resident company of Tucson actors that includes many familiar faces from past Rogue productions.  And it has been so gratifying to see some of the younger actors develop from season to season, and come into full bloom with this wonderful production of Measure for Measure.

So for a really fun evening (or afternoon) of, well...seduction...oppressive regimes...heads getting chopped off, come down to the Rogue this weekend.  The production runs through November 24th, but tickets are going fast. Click the link for information and tickets:   The Rogue Theatre

Tuesday, November 12, 2013

Just Sold! 3804 N Nash Creek in the Tucson Mountains $178,000

This was one terrific house in the gated Sweetwater in the Foothills on Tucson's wonderful west side.  The Sellers had done some beautiful updating including granite counters in the kitchen, new stainless steel appliances, wood laminate flooring, gorgeous new 20 inch tile, new carpet and so much more.  And all this in a nice 3 bedroom/2 bath home on a premium corner lot with Catalina Mountain views, just a short walk from the community pool.

It was a smooth transaction and the new owners are going to love their new life in this great Tucson home and neighborhood. 

Monday, November 11, 2013

Tucson Buyers Shorting Short Sales

As the rebounding Tucson homes market adds equity back into home values, we are starting to see fewer short sale transactions. That means that many Sellers no longer have to ask their lender to forgive part of the loan amount they owe when selling.

And that is a good thing, as many buyers (and their agents) have grown frustrated with the short sale process.  All too often, the Seller's lender would take months (and months!) to approve the short sale. And adding to the list of potential transaction challenges...seller's lender repeatedly asking the seller for more financial documents, weeks upon weeks of  just waiting...waiting...for the lender to approve, lenders rejecting the sale price after weeks or months of waiting, seller unable to pay for any repairs needed on the property.  I could go on and on. 

I have had some patient buyers who were willing to brave that process for a particularly great house, and were ultimately successful in their purchase.  But most buyers, when they look at the realities of a short sale transaction, prefer to look for a non-short sale home.

More Buyers Becoming Wary of Short Sales