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, December 28, 2016

Quote of the Week: Real Estate, Home, and Life

Be at war with your vices, at peace with your neighbors, and let every new year find you a better man." - Benjamin Franklin

Thursday, December 8, 2016

Tucson Home Sales Slow with the Holiday Season

The November Tucson Multiple Listing System (MLS) stats are out, and as we expect this time of year, activity is easing a bit. The number of homes sold (1,266) was up a miniscule 0.56% over October but the number of homes under contract was down 7.65% from October. That is not unusual as many buyers begin to focus more on the holidays than house hunting. The number of active listings was down a bit as well, which again is not unusual as some sellers postpone going on the market due to the approaching holidays . But...scroll down and read my posting of November 30 on why this is a good time for sellers to be on the market AND for buyers to keep looking.

Both average and median sales prices in November were up a bit.  The average sale price was $217,446 as the Tucson market continues its long slow recovery from the market bottom of September 2011, when the average sale price was $150,699.  Check back in January for a full summary and analysis of our Tucson 2016 homes market.

Wednesday, December 7, 2016

Millennials are looking for the "Urban-lifestyle Suburb"

Tucson Modern Streetcar on 4th Ave
Ah, those Millennials. If only I had a dollar for every article about how they are all sleeping in mom and dad's basement, or they are never going to buy a house, or they are anxious to buy a house, or they prefer the convenience of renting. But one fact is emerging about potential Millennial buyers. They love the urban life and existence...but many can't afford urban home prices. And Tucson is no exception. I have talked with so many Millennials (and others) who love the Congress Street, 4th Avenue and UA area lifestyle but just cannot afford homes around there.

So both in Tucson and around the country, many Millennials are heading to the suburbs. A new study by the Urban Land Institute says that 75% of people aged 25 to 34 are opting to live in the suburbs. Does that mean they prefer the suburban lifestyle? No, but they do like the cost of living in the suburbs. And they still want urban amenities in the ' coffee shops, fast internet access, good jobs, and convenient transportation back to their urban haunts. The latter is greatly helped these days in Tucson by ride services such as Uber and Lyft.

Tuesday, December 6, 2016

SOLD! Gates Pass Home with Panoramic Views

It was love at first sight for the new owners of this spacious Gates Pass home. The views, the convenience to UA and the access to Tucson Mountain Park and Saguaro National Park were the big attractions here. And the home is great too, with three bedrooms plus a bonus suite, view deck and patios, and three bathrooms. Sold for $298,000.
Click the link for more details and photos. 765 N Via Roma


Tucson Tuesday: Geranium Steps

Winter geraniums on the steps

Sunday, December 4, 2016

Niccolo Machiavelli
"Make no small plans for they have no power to stir the soul." - Niccolo Machiavelli

Friday, December 2, 2016

Fun Things in Tucson: Shaw Play Reading and Christmas with the Band

Tucson's The Rogue Theatre
George Bernard Shaw's Mrs. Warren's Profession will be the subject of a staged play reading at Tucson's wonderful Rogue Theatre this Sunday at 2:00pm. The play reflects on the moral complexity of prostitution and the evolving role of women in Victorian society. Tickets are running low, so call the Rogue Ticket Line at 551-2053. The reading is Sunday, December 4 at 2:00pm. For more information on this and the Rogue's entire season, check out  The Rogue Theatre

Tap Your Toes to Holiday Favorites
And on Wednesday night, December 7 at 7pm, the Tucson Concert Band (with yours truly on trombone) will present a selection of holiday favorites in the Activity Center at Voyager RV Park located at 8701 S Kolb Rd.  Tickets are only $10 and can be reserved by calling 574-6100. For more information, check out The Tucson Concert Band

Lorelei Conrad, Conductor and Musical Director

Thursday, December 1, 2016

Mortgage Interest Rates Edge Higher...Again...

Average fixed mortgage rates have edged higher for five weeks in a row. But as scary as that sounds, the average 30-year fixed rate mortgage is still just above 4%.  Those same loans were available one year ago for an average of 3.93%.  But who knows what the future holds? Is this a trend?  Buyers?  Oh, Buyers?...   What are you waiting for?