With interest rates dipping, and home prices at their bumpy bottom, this is the best time to buy a home!!
The statistics for August are a bit soft, but we should remember that summer dips in sales units are common and occur each year, including this one. Evidence of continuing stabilization is that active inventory continues to decline. There is a 13.30% decrease in active listings compared to August 07, to a total of 7,763, the lowest since April 2006.
We are however, not out of the woods quite yet. Pending contracts are down from last year, and the short sales and foreclosure sales (although fewer than in many areas of the country and state) have continued to force the median sale price down to $185,000 and the average sale price down to $238,504 in August. The average price for a single family home was $258,475 and the average price for a town home was $160,720 in August.
Not only is each city different from the rest of the country in it's sales and statistics, but so is each area of Tucson. It should be noted that homes in good condition and priced at market level are still selling, and the average days on market for these homes is stable at 77 days. Please contact us for detailed information and statistics for your area of interest, your neighborhood or zipcode.
We are always happy to hear from you and provide information, or help you in Buying or Selling your property!
800-453-7653 or 520-235-3973 or Herr@TucsonMoves.com
Approximate Location Boundaries: Greater Tucson Area including Oro Valley, Marana, Catalina, Vail, & Sahuarita
About Janie & Barrie Herr:
Janie and Barrie have been providing personal and professional Real Estate Services for sixteen years, and have been investing in the Tucson market for over twenty seven years. They have helped hundreds of families Relocate to Tucson, Oro Valley and Southern Arizona. Their knowledge and experience is an asset to the Buyers and Sellers they help, whether it is to Buy, Sell, Invest, or Exchange.
They continue to deepen their knowledge of their profession, in part by earning designations, and have the "Accredited Buyer Representative" (ABR), the "Certified Residential Specialist" (CRS), the "Graduate of the Realtor Institute" (GRI), the "Internet Professional" (e-PRO), and hold a Broker's license.
Civic and community activities include Board Membership of "Our Family", this year serving as President; serving as a Mediator and Ombudsman, and serving on the Tucson Association of Realtors committees. A donation to the "Long Realty Cares Foundation" is made from every closed transaction.
Each client and their situation is unique, and they personalize their services for every client they serve. It is a testiment to their dedication and diligence that they are in the top 2% of Tucson Realtors, and many of their new clients have been personally referred by past clients.
Not all Realtors are alike ... Janie and Barrie will show you why! Visit either of their websites: www.TucsonMoves.com or http://herr.longrealty.com/ and contact them to Buy or Sell with confidence!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
