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This time of year is a great time to buy a new construction home!! Temperatures exceed 100 degrees and not many potential buyers want to house hunt in that kind of heat if they can at all help it. Builder’s sales drop off considerably as a result. Facing that problem, many home builders offer substantial cash incentives, anywhere from $20,000. to as much as $50,000.cash back toward closing costs or off the down payment on selected inventory and spec homes to any buyer who closes during July or August  Sometimes these offers are even extended to investors! Ask your Realtor about these opportunities from our many new home builders operating here in Arizona!

The purpose of a Public Report is to protect the public by disclosing material information about a subdivision and adjacent property to the prospective home buyers; includeing zoning, past and present use that may impact new homeowners, flight paths, nearest landfill, proximity of fire stations and medical facilities etc., and any proposed development in the immediate surrounding area.  It is now easy to obtain a copy of a Public Report if issued after Jan. 1 1997.  

Effective September 1 2005, the public has access to the ADRE (Arizona Dept of Real Estate) Subdivision Database on its website.  

Buyers of resale properties are encouraged to access this service.

New home buyers must be given a Public Report and time to review before signing a…

May 2007 Real Estate Sales Statistics are in from Tucson MLS!

Average Sales Price (all residential types) Increased 4.22% from $269,217 in May 2006 to $280,589 in May 2007. After falling from January to February 2007, average sales price has continued to climb, reaching $280,589 in May 2007. For the second month in a row, average sales price has increased in year-over-year comparisons. The average sales price in May 2006 was $269,217 - more than $11,000 less than the average sales price in May 2007.

Median Sales Price Increased 1.02% from $221,250 in May 2006 to $223,500 in May 2007.

And fewer new listings are coming on the market:  new Listings Decreased 6.60% from 3,169 in May 2006 to 2,960 in May 2007.

In good news for area sellers, the average time…

According to Tucson MLS Residential Sales Statistics for April 2007, home prices in the Tucson Market seem to have stabilized with only a $60. decrease in average home prices as compared with March 2007 statistics. Over last year's figures, that's only a 0.23% decrease from $277,076 in April 2006 to $276,426 in April 2007.

Medium sales price increased 1.01% from $219,250. for April 2006 to $221,472. for April 2007. April 2007 sales volume reached $353,825,236. So buyers are starting to become active again. Time on the market is hovering at around 60-65 days, as it has been since the begnning of the year.

Tucson MLS Residential Sales Stats are up to date and always available on Moving to Marana's  home page. Just click on Tucson Monthly Sales… Read Full Post