Tucson AZ Housing Inventory at 6 Year Low

Posted on October 16, 2011 by SayersTeam

The Tucson AZ Real Estate Market has been steadily improving since January and there is starting to be a shortage of inventory in desirable neighborhoods and at price points below $250,000. Are Tucson AZ home prices going to rise in 2012?

According to the latest TARMLS monthly report, there were only 5,1655 Tucson AZ homes actively for sale at the end of September 2011.  This is the lowest figure since September 2005 when 4,804 Tucson homes were actively for sale.  The inventory of homes for sale in Tucson AZ has been steadily declining since January 2011.  Housing supply is tight in many neighborhoods. For Oro Valley Real Estate Market Information go to Oro Valley AZ Real Estate Report .

Here are the figures:

  • Jan   2011     7,147
  • Feb   2011    6,947
  • Mar   2011    6,703
  • April 2011    6,269
  • May  2011    5,795
  • June 2011     5,566
  • July 2011     5,412
  • Aug 2011      5,167
  • Sep 2011      5.155

Tucson AZ Housing Inventory peaked in April 2007 at 10,387 homes for sale.  September’s housing inventory represents a 50% reduction from peak levels.

Data from TARMLS Monthly Statistics

Posted in Housing Market Reports | Tagged , , , , | Comments Off

Oro-Valley-AZ-Homes-for-Sale.com Home Search Results and Photo Gallery Updates

Posted on October 16, 2011 by SayersTeam

I burned the midnight oil updating the Home Search Results and Photo Gallery pages of Oro-Valley-AZ-Homes-for-Sale.com. Pictures need to be the highlight of the website because it is what every uses to find homes they are interested in seeing. To make home pictures the highlight of the website I did the following:

I doubled the size of the home picture on the search results page.  I also re-arranged the layout so that the home information and links are clearly presented.

On the Photo Gallery, I greatly increased the size of the home pictures so you can get a better feel for the home.

Let me know in the comment section if you like the new layout or if you preferred the original layout. Any other suggestions about the website is also welcome.

Warm Regards

Tim Sayers – Realtor

 

 

Posted in Uncategorized | Tagged , , , , , | Comments Off

Tucson AZ Housing Inventory Slashed in Half from Peak Levels

Posted on September 9, 2011 by SayersTeam

According to the latest TARMLS monthly report, there were only 5,167 Tucson AZ homes actively for sale at the end of August 2011.  This is the lowest figure since September 2005 when 4,804 Tucson homes were actively for sale.  The inventory of homes for sale in Tucson AZ has been steadily declining since January 2011. Here are the figures:

  • Jan   2011     7,147
  • Feb   2011    6,947
  • Mar   2011    6,703
  • April 2011    6,269
  • May  2011    5,795
  • June 2011     5,566
  • July 2011     5,412
  • Aug 2011      5,167

Tucson AZ Housing Inventory peaked in April 2007 at 10,387 homes for sale.  August’s housing inventory represents a 50% reduction from peak levels.

Data from TARMLS Monthly Statistics

Posted in Housing Market Reports | Tagged , , , , | Comments Off

Oro Valley AZ, Rancho Vistoso Community Real Estate Market Report August 2011

Posted on August 19, 2011 by SayersTeam

The real estate market in the Rancho Vistoso Community in Oro Valley AZ continues to strengthen.  The positive trends include a shrinking inventory of homes for sale and a shrinking inventory of distressed homes. 117 Rancho Vistoso homes were sold in the past 6 months and only 112 homes are currently listed for sale representing an inventory of only 5.7 months. 33 Foreclosed homes were sold representing 28.2% of all homes sold while 12 foreclosed homes are actively for sale represent 11% of active Rancho Vistoso listings. 11 Short Sale homes were sold representing 9.4% of all homes sold while 10 Short Sale homes are actively for sale represent 9% of active Rancho Vistoso listings

Re-sales          Foreclosures     Short Sales           All

Homes For Sale ………… 90 (80%)            12 (11%)              10 (9%)                    112

Under Contract …………. 7                          7                           11                              25

Sold 6 Months …………… 73 (62.4%)         33 (28.2%)          11 (9.4%)                 117

Avg Price …………………. $421,253             $273,277             $237,241                  $367,776

Price $/ft2 ………………….. $123.13/ft2          $101.35/ft2        $91.29/ft2            $113.99/ft2

Sold to List Ratio ……… 94.33%                96.12%                99.14%                   95.28%

To see Rancho Visotoso Homes for Sale: Rancho Visoto Homes for Sale Oro Valley AZ

Looking to sell your Rancho Vistoso Home and want to know its value?

Rancho Vistoso Home Value

Want to see the Real Estate Market Report for your neighborhood? Recommend a neighborhood in the Comment section or shoot us an email.

Notes:  Data pulled from TARMLS on 8/19/2011 for the Rancho Vistoso Community in Oro Valley AZ for homes sold between 2/19/2011 to 8/19/2011. Homes for Sale includes homes listed as Active in TARMLS.  Under Contract includes homes listed as Active CAPA, Active Contingent & Pending in TARMLS. Sales to List Ratio is the ratio between the price homes sold for compared to the last price the home was listed for sale.

 

Posted in Housing Market Reports | Tagged , , , , | Comments Off

Oro Valley AZ Real Estate Market Report July 2011

Posted on August 17, 2011 by SayersTeam

The good new is that the number of homes for sale in Oro Valley AZ fell to 315 at the end of July 2011, down an amazing 14% from just last month June 2011.  It also represents a 20% decrease in Oro Valley housing supply from last year, June 2010, and it is at the lowest level in at least the past 2 years.

Get the Full Oro Valley AZ Housing Market Report July 2011.

Oro Valley AZ Active MLS Listings

July 2011       315

June 2011      367

July 2010     393

 

 

Posted in Housing Market Reports | Tagged , , | Comments Off

Tucson Real Estate 7 Month Winning Streak – Housing Inventory Reaches New Lows July 2011

Posted on August 16, 2011 by SayersTeam

According to the latest TARMLS monthly report, there were only 5,412 Tucson AZ homes actively for sale at the end of July 2011.  This is the lowest figure since October 2005 when 5,330 Tucson homes were actively for sale.  The inventory of homes for sale in Tucson AZ has been steadily declining since January 2011. Here are the figures:

  • Jan   2011     7,147
  • Feb   2011    6,947
  • Mar   2011    6,703
  • April 2011    6,269
  • May  2011    5,795
  • June 2011     5,566
  • July 2011     5,412

Tucson AZ Housing Inventory peaked in April 2007 at 10,387 homes for sale.  July’s housing inventory represents a 48% reduction from peak levels.

Data from TARMLS Monthly Statistics

Posted in Housing Market Reports | Tagged , , , | Comments Off

Rancho Vistoso Real Estate Trends – Oro Valley AZ

Posted on July 19, 2011 by SayersTeam

The latest Real Estate Trends for the community of Rancho Vistoso in Oro Valley AZ show continued strength in the neighborhood.  The positive trends include a shrinking inventory of homes for sale and a shrinking inventory of distressed homes. 112 Rancho Vistoso homes were sold in the past 6 months and only 108 homes are currently listed for sale representing an inventory of only 5.8 months. 31 Foreclosed homes were sold representing 27.7% of all homes sold while 13 Foreclosed homes are actively for sale represent 12% of active Rancho Vistoso listings. 11 Short Sale homes were sold representing 9.8% of all homes sold while 7 Short Sale homes are actively for sale represent 6.5% of active Rancho Vistoso listings

Re-sales          Foreclosures      Short Sales             All

Homes For Sale ………… 88 (81.5%)          13 (12%)               7 (6.5%)                    108

Under Contract …………. 18                          8                           14                               40

Sold 6 Months …………… 70 (62.5%)           31 (27.7%)          11 (9.8%)                   112

Avg Price …………………. $424,109              $273,694             $243,806               $371,835

Price $/ft2 ………………….. $125.29/ft2          $101.62/ft2        $94.26/ft2         $115.69/ft2

Sold to List Ratio ……… 94.33%                  95.38%                98.50%                   95.03%

Notes:  Data pulled from TARMLS on 7/19/2011 for the Rancho Vistoso Community in Oro Valley AZ for homes sold between 1/19/2011 to 7/19/2011. Homes for Sale includes homes listed as Active in TARMLS.  Under Contract includes homes listed as Active CAPA, Active Contingent & Pending in TARMLS. Sales to List Ratio is the ratio between the price homes sold for compared to the last price the home was listed for sale.

 

Posted in Neighborhoods | Tagged , , | Comments Off

Oro Valley AZ Real Estate Continues Positive Trend

Posted on July 18, 2011 by SayersTeam

The good new is that the number of homes for sale in Oro Valley AZ fell to 367 at the end of June 2011, down an amazing 14% from May 2011.  It also represents a 7% decrease in Oro Valley housing supply from last year, June 2010, and it is at the lowest level in at least the past 2 years.

Get the Full Oro Valley AZ Housing Market Report June 2011.

Oro Valley AZ Active MLS Listings

June 2011      367

May 2011      427

June 2010     395

Posted in Housing Market Reports | Tagged , , | Comments Off

Tucson AZ Housing Inventory Continues Positive Trend for June 2011

Posted on July 11, 2011 by SayersTeam

According to the latest TARMLS monthly report, there were only 5,566 Tucson AZ homes actively for sale at the end of June 2011.  This is the lowest figure since December 2005 when 5,457 Tucson homes were actively for sale.  The inventory of homes for sale in Tucson AZ has been steadily declining since January 2011. Here are the figures:

  • Jan   2011     7,147
  • Feb   2011    6,947
  • Mar   2011    6,703
  • April 2011    6,269
  • May  2011    5,795
  • June 2011     5,566

Tucson AZ Housing Inventory peaked in April 2007 at 10,387 homes for sale.  June’s housing inventory represents a 46% reduction from peak levels.

Data from TARMLS

 

Posted in Uncategorized | Comments Off

Tucson AZ New MLS Listings Plummet to 6 Year Low

Posted on July 8, 2011 by SayersTeam

According to the June 2011 TARMLS monthly report, there were only 1,272 New Listings in June and only 1,251 New listings in May. This includes both brand new MLS listings and homes being re-listed for sale. These are the lowest numbers in over 6 years when in December of 2004 1,127 Tucson AZ homes were listed for sale. In addition, December is typically the slowest new listing month of the year while May and June are typically pretty busy for new MLS listings.

New Listings peaked in January 2008 when 3,744 Tucson Homes were listed for sale. The new June figure represents a 66% decline in new listings.

Tucson AZ New MLS Listings:

  • June   2011     1,272
  • May    2011     1,251
  • Dec     2004    1,127
  • Jan     2008    3,744

Data from TARMLS.

 

 

Posted in Uncategorized | Comments Off