Tucson Home Sales … Yearly Statistics
The average price of a home in Tucson is down less than $4,000 since a year ago, but up more than $2,000 from November. The average housing price, at $202,376, in Tucson is comparable to prices at the end of 2003 and the first quarter of 2004. Likewise the median price is down from $163,000 in January 2009 to $154,262 in December, which again reflected first quarter 2004 pricing.
Looking at 2009 the numbers are:
yearly-statistics4– (Please open for yearly statistics – click “Notify” and the page should open)
The greatest number of properties sold in the 85757 zip code where Star Valley is located as well as several other new home communities built during the boom. A total of 42.22% of the listed properties on the market sold.
35.83 per cent of the properties listed in 85706 zip code sold; an area roughly bordered by Irvington Road to the north, south to Valencia, a bit east of I-19 to just east of Benson Highway. The area, 85746, which encompasses Ajo to the north, including the Tohono O’Odham nation, south to Pima Mine Road, west of I-19 and east of Sandario Road, had 32.87% of active listings sold. This includes the Midvale/Mission Road area where many homes were built in the 1980’s and later.
The area where properties are selling most rapidly is considered southwest Tucson. Ironically beyond Sandario only 6.90% of the homes have sold, but this is also know as the Brawley Wash area and includes Three Points, aka Robles Junction.
The greatest number of homes on the market are in Oro Valley in the 85755 zip with 244, and in the 85737 zip with 237 homes. Also in the Northwest, 85739 which includes Saddlebrook Active /Adult Community, 244 homes are on the market.
The Catalina Foothills in 85718 has 296 homes on the market, and 85750, also foothills has 284. Much of this is considered District 16. Looking southeast into the Vail area which includes Rancho Del Lago, another master planned community built in the mid 2000’s, 304 homes are on the market.
Tax credits are still available and bond money for foreclosed homes is also available, with some restrictions. Interest rates remain low and FHA requires only 3.5% down. In some instances, with lender own properties, there may be help for buyers to purchase foreclosed homes.
Talk with your Realtor and ask what is out there for financing as well as what types of homes are available in your price range. Your Realtor is there to help you. Or you can call me or e mail me at terry@terrybishop.com for professional assistance.
Resources: Tucson Association of Realtors Monthly Housing Statistics:
http://www.tucsonrealtors.org/statistics.html
Tags: Statistics, Tucson Real Estate