Home prices in most Tucson-area markets closed out 2019 up again, with strong buyer demand continuing even amidst lower market inventory.
Pending sales, a good indicator of the market's direction, increased 21.4 percent for single-family homes in December. For the year, pending sales rose 6.8 percent, according to the Tucson Association of Realtors' monthly report.
If you are keeping an eye out for a neighborhood in a great location that offers reasonably priced single-family homes then consider Foothills Clusters in northern Tucson.
Situated high up in the foothills just north of Skyline Drive, Foothills Clusters has 350 single-story homes built from the mid-1970s.
A recent federal report places Tucson second out of 100 metropolitan areas for home value appreciation.
The Federal Housing Financing Agency released its report looking at 100 of the nation's metropolitan statistical areas (MSAs) and found that values of existing homes in the Tucson area have appreciated 10.3 percent in the last year.
The Tucson mayor and City Council approved last week a planned area development (PAD) that will allow for more housing and commercial development flexibility on approximately 345 acres of state-owned land.
According to a recent report, the Escalara acreage located at the southwest corner of East Valencia Road and South Houghton Road, near Rita Ranch and the UofA Tech Park, was rezoned and will be auctioned off.
The El Presidio district in Tucson is one of the oldest inhabited sites in the United States. Its earliest inhabitants date back to 700-900 A.D. when the Hohokam Indians called the site home.
And if you are moving to Tucson then you may want to consider making El Presidio your home. It's got character, convenience, lots of history, restaurants, shops, and a variety of architecture from which to choose.
Arizona is climbing toward the top of an unfavorable list: uninsured children. A recent study found that 8.4 percent of the state's children were uninsured in 2018.
The Georgetown University study data showed Arizona moved up three places from sixth to third. In 2018, the state had 146,000 uninsured children. The study defined children as under the age of 19.
City Council OKs age hike to for tobacco products
The Tucson City Council this week voted to increase the age to purchase tobacco products, including electronic cigarettes, to 21 from 18.
The ordinance is only applicable within city limits and goes into effect Jan. 1, 2020.
Approximately 20 miles north of downtown Tucson is a beautiful community of larger homes tucked away between Catalina and Saddlebrooke.
In the planning stage since the 1980s, Eagle Crest Ranch didn't break ground until nearly 2000, with its first residents moving in during the early 2000s. Now, however, the community is a thriving suburban community just outside the hustle and bustle of Tucson.
Real estate is all about location, and it is hard to beat El Encanto Estates if you are looking for a historic midtown home on a large lot.
El Encanto Estates was built in the 1920s and 30s with large, architecturally diverse homes. Once considered the outskirts of Tucson, the neighborhood is now surrounded by the conveniences of urban living.
We've all been there: We leave home for the airport with what we think is plenty of time to park, walk the seemingly miles to the terminal and check our bags. Then traffic happens and, of course, there is nowhere convenient to park so you're stuck running with your bags or waiting for a shuttle to the terminal.
Well, those days are soon over for the savvy travelers at Tucson International Airport. In the coming weeks (launch date TBD) travelers can prepay and reserve a spot at the airport and slip into a parking spot without breaking a sweat.
A federal judge on Wednesday tossed aside an earlier decision approving a copper-mining project set to begin just south of Tucson in the Santa Rita Mountains.
Tucked away in the Sonoran Desert northwest of Tucson is the community of Red Rock Village. This vibrant, family-friendly neighborhood offers amenities to please every member of the family.
Located only a few minutes north of Marana, Red Rock Village is a mere 30 minutes from downtown Tucson. Commute to work or venture into the city to enjoy the amenities, such fine dining, shopping, university sporting events and entertainment. Phoenix and its suburbs are only an hour north and not too far for a day or weekend away.
The Tucson, Arizona housing market is HOT! Yes, the Summer heat is in town, and the real estate market is hot as well. The Tucson area offers beauty, great people, employment & business opportunities, fantastic recreational activities, and real estate opportunity. If you currently own property in the Tucson area, it's a great time to upgrade or downgrade, and if you're thinking of buying real estate in the greater Tucson area now is the time.
The Tucson area real estate market prices are forecast to grow steadily over the upcoming years. In the past, we've enjoyed a fantastic, relatively stable real estate market. The forecast is for continued steady growth.
https://www.littlebighomes.com/real-estate-tucson.html
Happy Fourth of July!
In addition to Summer barbecues, pool parties and outdoor activities, there are many fireworks displays and events in the area to keep you and the kids busy on the Fourth. Here are just a few to get you started on your Fourth of July plans.
In the age of e-commerce, it is no surprise that buying and selling a home is now only a click away for some sellers in the Tucson market. However, the trend comes at a cost, both to the people selling homes and the local real estate market, according to an Arizona Daily Star report.
In May, 25 percent of local home sales were not listed in the area's multiple listing service (MLS), which is a database of homes for sale that local real estate professionals search for their potential buyers.
Finesterra is a luxury housing community located in the Foothills area just North of Tucson, Arizona. Nestled near the Santa Catalina Mountain Range, Finesterra offers fine living in an incredibly beautiful area. The Foothills area offers many different recreation activities including some of the best canyon hiking in the greater Tucson area. Biking, walking, sports clubs, golf courses, dining, and great shopping are all close at hand. Finesterra is in a great school district too! Mountain and city views will take your breath away. Finisterra boasts properties that offer residents fine living in a great area.
Tucson, Arizona, it's various areas, and it's surrounding communities offer residents an incredible lifestyle as well as real estate priced to fit any budget. The Old Ft. Lowell District in Tucson is a Historic District centrally located with a distinct charm.
Housing prices in the Old Ft. Lowell district have a huge range. Properties can be found in the low-mid $100,000s and up to the high $100,000s. Taxes are low. There's a heterogeneous population. And, the central location makes everything very convenient.
Two housing projects planned for downtown Tucson that will kick off construction early in 2020 will add 140 residential units to the market and there are more projects planned and under way.
According to a recent report, plans include a loft development on East Broadway and South Arizona Avenue on historic Julian Drew Block.
Armory Park is a vibrant, family-friendly neighborhood nestled in downtown Tucson. It's definitely one worth checking out if you want history, culture and homes with varied architectural styles.
Listed on the National Register of Historic Places, Armory Park is named for the armory in the Military Plaza downtown. Residents took root in the neighborhood after Southern Pacific Railroad came to town in 1880.
Spring brings the busy season for Tucson-area real estate agents, and this year is no exception. From mid-March to August, real estate agents keep busy as families prepare to make moves once the school year ends.