Mind you the home owner that greeted us at the door was not even smoking at the time, so this was residual smoke that stopped us in our tracks. Once my clients had walked into the home they said they wanted to see the backyard and quickly excused themselves out the backdoor. Then it was just a waiting game; as we admired the home's sparkling pool, we were actually planning out our escape. They didn't even want to see the rest of the home, in their eyes they were done with this house.
Monday, June 30, 2008
The smell that quells a home sale
Mind you the home owner that greeted us at the door was not even smoking at the time, so this was residual smoke that stopped us in our tracks. Once my clients had walked into the home they said they wanted to see the backyard and quickly excused themselves out the backdoor. Then it was just a waiting game; as we admired the home's sparkling pool, we were actually planning out our escape. They didn't even want to see the rest of the home, in their eyes they were done with this house.
Posted by Valorie Bradley at 1:42 PM 2 comments
Labels: Tucson home Sellers
Thursday, June 26, 2008
More buyers are buying as prices keep dropping
Areas that were hit hardest during the housing bust (like California, Nevada and Arizona) are the same areas that are seeing increased sales. While this is good news for home sellers, prices continue to go down each month. Great news for buyers! The national median sales price for May was $208,600, which is a decline of 6.3% from the previous year. When you look at Tucson's sales statistics for May, unit sales, median sale price and average sales price were down for the same period.
Posted by Valorie Bradley at 1:06 PM 1 comments
Labels: Tucson Real Estate
First of monsoon storms for Tucson
Posted by Valorie Bradley at 6:05 AM 1 comments
Labels: Tucson weather
Saturday, June 21, 2008
Ozone levels high in Tucson during hot months
Last Tuesday Tucson saw higher ozone readings then we've seen in over two years. For those with lung and respiratory problems, the smog and other particles associated with ozone can make it difficult to breathe. A few of my friends have commented that they've had some trouble breathing in the late morning and afternoon hours, when the sun and heat are strongest. One has had to receive medication to help control her asthma.
When Tucson sees this type of heat Pima County and the American Lung Association of Arizona generally issue advisories to the public, suggesting that people avoid outdoor activities. Most people try to head out for their walks, bike rides or runs early before temperatures begin to rise. Once the monsoon rains make their way into the area, the air will begin to clear and ozone levels will go down.
Posted by Valorie Bradley at 1:43 PM 1 comments
Labels: Tucson weather
Tuesday, June 17, 2008
Tucson monsoons can cause traffic havoc
On Sunday the Arizona Daily Star featured a few stories about Tucson monsoons and provided a great map showing Tucson's most common flood areas. Unfortunately the map isn't available online so I created one on Google Maps and included it below. There are several major roadways that flood and put traffic to a standstill when heavy rains hit, so it's generally better to avoid the areas all together. Even though there's usually fair warning that roadways are closed due to flash flooding, many drivers chose to take a risk and drive through barricaded streets. A number of drivers have gotten stuck in the flooded roads and required emergency assistance to get out. Now many rescue agencies in Arizona charge drivers for the cost of being rescued, something we call the "Stupid Motorist Law".
View Larger Map
Track monsoon like the pros
AZ Daily Star Monsoon blogs
Posted by Valorie Bradley at 7:54 AM 2 comments
Labels: Tucson streets flood map, Tucson weather
Monday, June 16, 2008
On the prowl
Our resident bobcat can usually be seen heading out in the evening hours, once the sun is beginning to set. I've seen him (or her, not sure) cruising in our backyard early in the morning as well, scouting out breakfast before settling down under some shrubs for the day.
Posted by Valorie Bradley at 5:15 PM 1 comments
Labels: Tucson Wildlife
I'ts just plain hot
Posted by Valorie Bradley at 7:03 AM 1 comments
Labels: Tucson weather
Tuesday, June 10, 2008
Oro Valley one of Top 100 places to live
Fortune Magazine ranks towns based on several factors including economic opportunity, good schools, safe streets and sense of community.
Oro Valley is located at the base of Pusch Ridge, and it's home to a large number of residents from all around the U.S. that maintain second or winter homes. There's is all sorts of housing available in Oro Valley, with several different Active Adult communities , as well as the master planned community of Rancho Vistoso and a number of golf course communities.
Posted by Valorie Bradley at 5:28 PM 1 comments
Labels: Tucson facts
Taken a break in the shade
Summer is here in my eyes.
The temperature reached 103 degrees today, and it felt every bit of it. This little fella decided to take a break from the heat and rest in the shade for awhile. He's hard to see since he blends in so well with the landscape.Hard to believe that summer doesn't officially start for another 11 days. At least it's a dry heat!
Read more!
Posted by Valorie Bradley at 4:27 PM 1 comments
Labels: Tucson Wildlife
Monday, June 9, 2008
Who knew IKEA built homes?
IKEA is providing low cost, high quality housing for low income buyers in Gateshead, England. These prefabricated apartments were first introduced in Sweden in 1996 and then expanded to Finland, Norway and Denmark. Qualified buyers are randomly chosen in a lottery to prevent flippers from buying in.
Posted by Valorie Bradley at 9:32 AM 0 comments
Tucson real estate sales statistics for May
- Tucson again saw a decrease in our average sale's price in May; we saw an average price of $250,803, a 1.15% decrease from April's average of $253,729 and a 10% decrease from May 2007 ($278,619).
Tucson average sales price for April
- Tucson's median sales price for May '08 was $201,000, a 3.07% increase from April's median price of $195,000, but a 9.86% decrease from May 2007's median price of $223,000.
- There were 1,485 Pending contracts in May 2008, a decrease of 4% from the number of Pending's in April (1,547). It's a 24.68% increase over the number of Pending contracts in May 2007 (1,191).
- The average days on market decreased to 77 in May 2008, a 1.28% increase from April '08 (78) and a 24.2% increase over May 2007 (62).
- Tucson had 8,527 Active listings in May, a 3.19% decrease from 8,808 in April 2008, and a 12.28% decrease from May 2007 (9,721).
- Tucson saw 2,282 New listings in May 2008, a 6.51% decrease from April 2008, and a 22.9% decrease from May 2007 (2,960).
- The number of units sold in May 2008 (1,025) increased by 5.34% over April's number of 973. It's a 27.71% decrease from May 2007 (1,418).
It's hard to predict what's going to happen with Tucson's housing market. When you look at the average sale's price over the last five years, prices have generally increased during the Spring and early Summer months, dropped slightly in July and August, and then slowly increased through the Fall. Looking at 2008's statistics, we've seen a steady decrease since January. The median sale's price has hovered around the $200K mark since January. Active listings have decreased each month since January as total unit sales has increased, so it looks like there's hope on the horizon. As food and fuel prices continue to increase it's going to be interesting to see how the economy affects Tucson's housing sales.
Posted by Valorie Bradley at 7:09 AM 1 comments
Labels: Tucson Monthly Sales Stats
Friday, June 6, 2008
More big name foreclosures
Former heavyweight champion Evander Holyfield's estate is under foreclosure. His 10 million dollar home is set to be auctioned off July 1st. The 5400 sqft home has 109 rooms, including 17 bathrooms, three kitchens and a bowling alley. Seems like almost no one is left untouched by foreclosure!
Posted by Valorie Bradley at 8:40 AM 1 comments
Wednesday, June 4, 2008
Foreclosure can affect anyone
Looks like Ed McMahon is currently struggling to hold onto his home. Countrywide Financial has initiated foreclosure proceedings on McMahon's 4.8 million dollar home. The property has been on the market for two years and and is listed at $5.75 million.
Posted by Valorie Bradley at 8:01 AM 1 comments
Monday, June 2, 2008
Now that's a deal!
Buy one home with a starting price of $1.6 million and get a $400K home for free (what can you get for $400K in San Diego???) I'm not too familiar with the California real estate market, but there must be one heck of a mark up on the $1.6 million property to offset the cost of the free home that comes with it!
Posted by Valorie Bradley at 11:58 AM 1 comments
Sunday, June 1, 2008
Foreclosures affecting appraiser valuations
Usually one foreclosure in a neighborhood doesn't have much influence on other property values because they are other comparable sales to measure against. The current real estate market is different; now high foreclosure numbers can't help but impact neighboring property values because these sales are the only comparables around. Fourteen percent of homes sold in Tucson in April were repossessed by lenders. Tucson foreclosure filings in April were up about 40 percent from March, and more then 80 percent from April 2007.
Foreclosures aren't the only thing impacting property values. Some home owners are drastically dropping their prices in order to sell. Many buyers are ready to move if the find a great deal, so the lowest priced homes are selling and lowering neighboring property values. This is not the standard; the majority of home sellers are perfectly willing to hold onto their home until the right deal comes along. But many will be holding onto their homes for a long time if they expect to get the price their hoping for.
Posted by Valorie Bradley at 2:30 PM 1 comments
Labels: Tucson Real Estate