Tucson Real Estate Sales Strongest in NW

As the Tucson Real Estate market continues to stabilize after the volatile conditions of 2004-2005, Northwest Tucson appears to be drawing the most real estate activity. According to Tucson Associations of Realtors June 2007 statistics, Northwest Tucson had nearly a quarter of all listings sold , about 1,779 listings. Of the 7,417 active home listings for June, approximately 27% were located in Northwest Tucson, with an average price of $347,165. Also high is Northwest Tucson's number of Days on Market at 73, which was 9 days above the city's average of 64 days.

What's contributing to Northwest Tucson's high numbers? Northwest Tucson, including the towns of Oro Valley and Marana, continues to be one of the top "hot spots". These areas experienced rapid growth from 2003 thru 2005, and many of the homeowners that purchased during this time are now selling with the hope of benefiting from the vast appreciation that occurred. As Oro Valley and Marana continue to grow, new home builders continue to offer unbeatable incentives to draw tempted buyers into the area. And, many of Tucson's prime Retirement Communities are located in Northwest Tucson, contributing to the large influx of new residents each year.

There are still plenty of homes for sale and plenty of deals to be had in Northwest Tucson. As the area continues to add more restaurants, shopping and other amenities, more people will consider choosing Northwest Tucson as their new home.