Even the Catalina Foothills, long sought out as a desirable area to live, both for convenient location and great views, has suffered in this recession. Initially, the Catalina Foothills homes suffered minimal depreciation. In this past year prices have adjusted with the market and now there are great opportunities. The "high end" market has been hit hard from credit availability, or, should we say, lack of credit! Jumbo loans have been difficult to come by and demand high loan to value down payments. The good news is that we see an opening! New Jumbo Loan programs still require a higher down payment, than in 2005, but their rates are much closer to what a government guaranteed loan (under $417,000) would be. With tempting prices everywhere, there has never been a better time to buy a home in "The Foothills." Homes above $1,000,000 had been at a standstill, but we see evidence that buyers are now ready to step up to the plate!.
With many homes priced above $500,000 the Foothills market has been soft. Currently, there are some great buys! And, we have lenders available to you who can assist.
We are only a phone call or e-mail away to find the property to match your lifestyle, at the right price!
Call 520-404-5533 or 520-400-0505 for specific information. E-mail: Info@ABMurray.com
ZIP Codes: 85718, 85750 Approximate Location Boundaries: Oracle Road to Sabino Canyon Road, north of River Road
Location Characteristics: Attention Buyers!!!! Our team has lenders with the availbility 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
What sets Tucson apart from many other cities is its extensive foothill areas. The Catalina Foothills are north of River Road and extend from Sabino Canyon to Oracle Road. Many homes are on acre or larger lots; there is a limited number of townhomes. Lush Sonoran Desert vegetation, saguaros, Palo Verde trees, and a variety of cacti give the area and the many washes a sense of serenity.
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.
