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!

Thursday, February 9, 2017

Tucson Homes Market Continues the Long Recovery

The number of homes sold in 2016 in the Tucson MLS was up just over 10% from 2015. Prices ended the year down a bit from the 2016 peak, which occurred in July. Average sale price in July was $234,752 and the average sale price in December was $226,598. That July peak, by the way, was the highest average sale price since August of 2008.

Sunday, February 5, 2017

"Absence sharpens love, presence strengthens it." - Benjamin Franklin

Thursday, February 2, 2017

Here They Come! Arizona Is Now in the Top 10 for State-to-State Migration

Arizona has always been a popular destination for people moving in from other states. How many of you reading this are actually Tucson or even Arizona natives? Our climate, our beautiful Sonoran Desert, the growing tech economy, and lower costs of living for retirees are just a few of the reasons for people to relocate and buy homes here.
Interestingly enough, the top five states in 2016 were South Dakota, Vermont, Oregon, Washington and the District of Columbia. All fine places...and I lived in the DC area for many years, but pack sweaters if you are moving to most of those. Arizona came in 10th...right behind Nevada.

Wednesday, February 1, 2017

Calculating Your New Home Ownership Costs? Don't Forget These Items

Custom Home...Move-in Ready!
AOL Finance had a great article this week on the true costs of home ownership.  Many homeowners, and especially prospective first-time home buyers, focus on the simple cost of the mortgage payment to their lender, which does include principle and interest payment, and usually some extra to escrow for house insurance and property taxes. 

But there are other costs associated with buying and owning a home, and homeowners and buyers should take those into consideration in calculating your future home owning budget. Such costs include:
  • Closing costs when purchasing (2 to 5% of the purchase price)
  • Home furnishings and fixtures (those gorgeous stainless appliances your kitchen deserves)
  • HOA fees (may cover some front landscaping, community pool, etc)
  • Maintenance and repairs  (yes, things will break...)
  • Outdoor maintenance and the yard (at least we don't have to budget for a lawn mower)
  • Utility bills (AC and water use tend to spike in the summers here in Tucson)
  • Homeowners insurance (duh...    and your lender will require this)
  • Property taxes (you do want good schools and no potholes, don't you?)
Click From closing costs to association dues: The true price tag of a new home to read the full article from AOL Finance