Reported by Jon Quist, REALTOR, ABR, CRS, e-PRO, GRI
Updated June 30, 2009.
Current Market Rating: 1
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Buyer's
Seller's
Current Price Trend: 2
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Falling
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Welcome to Tucson. Thanks for visiting Realty Times.
***NOTICE TO FIRST TIME HOME BUYERS*** DON'T FORGET THERE IS AN $8000.00 FIRST TIME HOME BUYER TAX CREDIT AVAILABLE TO QUALIFIED BUYERS. CALL ME FOR DETAILS.
******GREAT DEALS ARE NOT ALL EQUAL. ASK ME ABOUT THE BIG DIFFERENCE BETWEEN FORECLOSURES AND SHORT SALES.*******
This is STILL a great time to buy a home. You will need an experienced agent to help you sort through all the listings to find that perfect home. You should call Jon Quist, Exclusive Buyers Agent for the greater Tucson area. A licensed REALTOR since 1996.
Although our listing inventory is falling (this is actually a good sign) there are still lots of well priced homes on the market. The main reason for this is that those "sellers" who in the past were just "testing" the market to see if they could get "their" price are not players right now.
The sellers that are on the market have other good reasons for listing their homes right now...job transfer, divorce, illness, job loss, etc. They need to sell in order to get out of their house. Motivation is therefore higher than in previous markets.
There are also foreclosures for sale, in some areas. For the buyer who can handle some cosmetic fix-up, these homes have proven to be great opportunities in this market.
Supply and Demand indicators continue to show residential inventory trending down from a two year high in January '08 to current active homes on the market of 6890.
Listings under contract increased in April, and closed transactions at 882 closings were a mere 10 short of March's 892 according to TAR/MLS.
Here are some other recent numbers that may be of interest...
· 1,345 Pending Sales in April grew 11.34% from March for residential properties. That's still 13.06% down from last year's 1,547 · A total of 1703 New Listings entered the market in April. The number of New listings for residential properties in April was down 14.38% from last month, and 30.23% from a year ago · 6,890 Active listings is the lowest number since January of 2006. 8,800 from last April, a decrease of 21.78% · 882 Home units sold in April is close to March's 892, but down 13.10% from last year's 1,015 · Median Sales Price $164,000 for April 2009 is 15.9% down from last April's $195,000 figure. Virtually no change from last month's $165,000. · Most encouraging is the average days on market number, dropping to 79 days.
The market is continuing to improve, as a seller sees things, so if you are in the market as a buyer, please don't wait too long!
ZIP Codes: 85704, 85718, 85750, 85749, 85748, 85747, 85641, 85737, 85755, 85658, 85743, 85629 Approximate Location Boundaries: Pima County
About Jon Quist:
Remember, I'm Tucson's "BUYERS ONLY" Realtor. I work only for you, the Tucson area homebuyer, and never for the seller. Contact me for all your Tucson Real Estate Buyers needs.
If you need to sell your house in Tucson, I will help you find the top agent in your own area of the city.
When you make this major investment, why not "Hire the Best", and have your own dedicated Realtor!
Check out my website. It's loaded with home buyer tips, market reports, real estate news, and many more helpful local, and state links to make your move a smooth and pleasant experience.
Oh, I'm free to the buyer. The home buyer never pays! If that seems curious, email me and I'll explain real estate agency law to you. And buyer brokerage services. We are here as Realtors to help you.
Please feel free to contact me with ANY questions you might have. As a pure "Buyers Agent" specializing in clients and their specific needs, I cover all of Tucson and the surrounding Pima County area.
This includes the areas of the Catalina Foothills, including Ventana Canyon, Skyline, and La Paloma. Also the fine homes in Oro Valley, Marana and Northwest Tucson, the Tanque Verde Valley and all of East and Northeast Tucson including popular Sabino Springs and Silverado Hills, and even the wonderful "Active Adult" communities of Saddlebrook, Heritage Highlands, and Sun City in Rancho Vistoso.
Remember, by only dealing with buyers and spending all of my time previewing and showing available Tucson area Real Estate, I am able to find the right home for YOU!
Prior to Real Estate I spent many years in senior management in wholesale and retail, at the local, regional, national, and, yes, even the international level. My marketing and negotiating skills are effective, strong and of high quality. All the attributes you need with YOUR major home acquisition efforts.
Thank you for your interest in Tucson Real Estate. Tucson really is a great place to live, work, and play. You do have to LOVE sunshine!There is certainly plenty of that here to go around.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
