Because of the intense competition and incentives being offered by homebuilders, prices in the northwest and in Oro Valley have declined some 16.5% from the fall of 2008. . Buyers still have great choices and can take advantage of GREAT PRICING on re-sale homes as well as new construction developments that are still offering some fantastic incentives if you know where to look! This is the best opportunity we have seen to invest in Tucson real estate while the correction is still happening. There are about 1700 single family homes on the market in the northwest, compared to fewer than 400 at the market's peak in summer 2005, and 2200 in the fall of 2008. . We see the numbers shrinking as more and more sellers are pricing their homes at current market value and are even starting to get out of the resale market and turning to rentals. Believe it or not, this is a good sign as it is helping reduce the number of over priced homes on the market, creating a much more stable market. New homes in the Marana/Dove Mountain area offer some of the best deals we've seen yet. Call us about opportunities at Tangerine Crossing, for example. The October 2008 median price in the northwest is $236,000, down 16% from 2007 and reflects the great opportunities of realistic pricing on the part of sellers.
For Up-to-Date Market Statistics and to learn more of the great opportunities for new construction or resale values with great views call 520-404-5533 TODAY!
ZIP Codes: 85737, 85755 Approximate Location Boundaries: Oro Valley extends south near Ina Road, north to Catalina, and west toward La Cholla Blvd
Location Characteristics: Attention Buyers!!!! Our team has lenders with the abaility to lend money and fund loans, whether it is an FHA or a Juombo Loan! Call us today to find out more! 520-404-5533
Oro Valley, to the north and west of Tucson, has become one of the fastest growth areas with amenities (stores, services) opening at a rapid pace. Views of Pusch Ridge (the backside of the Santa Catalina Mountains) are spectacular. Development to the north (Saddlebrooke, Catalina, and Oracle) and further west (Dove Mountain, Marana) proceeds at a rapid pace. The town of Oro Valley was incorporated in 1974.
About The Murray Group: Barbara and Jack:
Earning your referrals as we continue to maximize your real estate investment. Communicating every step of the way to provide you as "hassle free" and profitable real estate transactions as the market permits.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
