Tucson's Active Adult Communities are weathering this volatile market fairly well. Prices have stabilized at pre-boom levels. Homes are selling but with longer market time. Short Sales and Foreclosures are rare in these communities so there is no downward spiral in values based on distressed properties. Buyer's visiting open houses in these communities are ready to buy as soon as their homes in our feeder markets of California, the Northwest, the Midwest, East Coast and Colorado sell. After the long, hard winter sellers in these areas are starting to see their traditional spring market start now. Lower prices and pent up demand is expected to attract buyers this summer which in turn will bring buyers to Tucson.
SaddleBrooke is on track for close to 200 homes sales this year with an average sale price of $409,000. With just 135 homes for sale it's still a Buyer's Market with a lot of great deals to be had.
Sun City Vistoso has seen a significant drop in average sale price from $318,000 in 2006 to $283,000 in 2007 to $274,000 for the first half of 2008. This has resulted in a lot of homes sold this year. With only around 50 homes for sale, Sun City is no longer a Buyer's Market, however, there is still a good selection of homes.
Heritage Highlands has 16 months of inventory and is a Buyer's Market and an average sale price is $310,000.
Vistoso Village is a stable market with only 6 months of inventory and an average sale price of $250,000.
Sunflower is also stable with 7-1/2 months of inventory and an average sale price of $213,000.
This is a wonderful opportunity to make a smart buy in Tucson. Inventory is still high, price reductions have been taken and motivated sellers are ready to negotiate. For seller's aggressive pricing and top notch marketing is the key to successful selling in Tucson. With market stabilization, sellers continue to see a good return on their real estate investment in Tucson.
Location Characteristics: TUCSON has long been a favorite destination for Active Adults and Retiree's due to the reasonably priced homes and low taxes. Active adults are drawn to the area because of the warm weather and almost daily sunshine, which allows them to enjoy their favorite outdoor activities year around. Homes are reasonably priced and range from the high $200's to over $1 million with the average price in the mid $200's. There is a good selection of homes available and prices are stable.
NORTHWEST TUCSON is the fast growing area of Tucson and is home to some of the most desirable Active Adult/Retirement/Resort Communities in the United States: SaddleBrooke, Heritage Highlands, Sunflower, Sun City Vistoso, Vistoso Village. For more details, please visit our website: www.RetirementTucson.com.
SADDLEBROOKE The stark beauty of the Sonoran Desert and the majesty of the Santa Catalina Mountains combine to provide a magnificent backdrop for this world-class active adult resort community with nearly 5,000 homes. The 3,000-foot elevation provides cooler temperatures and superb view of the storms in the mountains during the monsoon season. Anchored by 63 holes of championship golf there is also competitive tennis on lighted courts, heated lap and recreational pools and spas, state-of-the-art fitness centers with personal trainers available, softball field, bocce ball courts, walking paths, a performing arts center, professional quality arts & crafts studios, libraries, social and special interest clubs abound, plus casual and fine dining. Homes range in price from the $200's to just over a million with the average asking price in the low $400's. There is a good selection from which buyers can choose their new home. For more details, please visit our website: www.RetirementTucson.com.
ORO VALLEY - Oro Valley boasts a fabulous view of Pusch Ridge in the Santa Catalina Mountains and is booming with new homes and commercial shopping is expanding. It is home to the Master Planned Community of RANCHO VISTOSO and The Golf Club at Vistoso, which was voted "Best Course in Tucson" in 1999 by Golf Digest. Two outstanding Active Adult Communities are located in the Oro Valley/Rancho Vistoso community: SUN CITY VISTOSO and VISTOSO VILLAGE.
SUN CITY VISTOSO affords a great view of Pusch Ridge and the Santa Catalina Mountains. This Del Webb designed community is anchored by an 18 hole golf course, lighted tennis courts, walking paths, fitness centers, lap and recreational pools, miniature golf, bocce ball courts, professional quality arts & crafts studios, libraries, social and special interest clubs. There is a good selection for buyers with 50 homes on the market with an average sale price under $300,000. For more details, please visit our website: www.RetirementTucson.com.
VISTOSO VILLAGE is a gated, small neighborhood of town homes. The community was voted "Best Small Active Adult Community" (under 300 homes) in the 2003 by the "National Council on Seniors Housing Gold Achievement Awards." Current average sale price is $250,000. For more details, please visit our website: www.RetirementTucson.com.
MARANA - is one of the fastest growing communities in Southern Arizona and is home to two of the best Active Adult Communities in the Tucson Metro area: Heritage Highlands and Del Webb's Sunflower. Located just off I-10 it is a convenient location to drive into Tucson, get to the airport or travel to Phoenix. There's lots of convenient shopping and dining nearby, too. For more details, please visit our website: www.RetirementTucson.com.
HERITAGE HIGHLANDS is located in the prestigious Dove Mountain community and nestled at the foot of the Tortolita Mountains with views of the Santa Catalina Mountains and the sparkling city lights of Tucson. Heritage Highlands is a gated, active adult resort community with an 18-hole championship golf course and a country club lifestyle featuring all the activities you'd expect…tennis, state-of-the-art fitness center, pools and spas, arts & crafts, library and cards and billiard rooms, restaurant, clubs and social activities. Homes vary in size from 1,100 to over 2,500 sq. ft. and range in price from the high $100's to over $600k. There are over 70 homes on the market. The average sale price is $310,000 and the average market time is 82 days and homes sell for an average of 93% of asking price. For more details, please visit our website: www.RetirementTucson.com.
SUNFLOWER is a Del Webb Community an active adult resort community without golf. However, there are several public and private golf courses nearby. Sunflower has less than 1,000 homes on approximately 245 acres. Homes range in size from 1,100 to over 2,000 sq. ft. and are priced from $180,000's to $250,000. There are over 25 homes on the market with an average sale price of $213,000. The average market time is 101 days and homes sell for an average of 97% of asking price. For more details, please visit our website: www.RetirementTucson.com.
About www.RetirementTucson.com:
Put our Active Adult Communities Team to work for you. It is your retirement and you have worked hard to earn it. We are looking forward to helping you find the perfect home and community where you can build new friendships and pursue your favorite activities.
If you are searching for resort-style living in an environment that celebrates the scenic wonders of the great southwest, one of Southern Arizona's retirement communities could be your destination. A number of these communities are oriented toward an active lifestyle, with amenities including tennis, hiking, bicycling, year-round swimming, and championship golf.
Call us today at 520-825-1457
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
