Low prices and signs of economic upturn signal improvement

Economic indicators point to a rebounding real estate market in the Tucson area in 2012.  Sales numbers bottomed out in 2010 and 2011 saw little improvement in sales of new construction. However, historical data suggests the third year after prices bottom out in a real estate market, the market tends to improve.

The combination of good prices and economic improvement is signaling some to predict a breakout year in 2012.

Tucson’s economy is no longer “bouncing along the bottom” and as 2011 comes to a close there are signs the recovery is accelerating locally, according to economist Marshall Vest, director of the Economic and Business Research Center at the University of Arizona.

Tucson and Arizona have been hit harder than most regions in the U.S. by the recession and many other places are already on the road to recovery, Vest told Inside Tucson Business

There are signs of improvement from late 2011 and that should continue into 2012, Vest said.

Private sector wages were up 5.7 percent in the first quarter of this year. Employment was up 1.9 percent year-over-year in September, adding a total of 6,800 jobs, all in the private sector. Two-thirds of those jobs were in professional and businesses services, which include high-paying positions in biotech industries. By 2015, Vest said he anticipates the Tucson region will recover the 35,000 jobs that have been lost in the recession.  Consumers are spending money, with retail sales up 9.1 percent year-over-year in October.  Restaurant and bar sales have fully recovered, he said.

In the housing market, affordability is at record levels and demand is growing. Inventories are lean, down to a five-month supply in the Tucson market, investor demand is coming back and foreclosure notices are down 15 percent.

One option for those seeking newly built homes is Red Hawk at J6 Ranch, just a half hour drive from Tucson. New homebuilders can choose their lots that range from 2.5 to 5 acres and start at $69,000.
This Arizona land offers paved roads and underground utilities are already ready for hook-up.
It’s located 2 hours from Phoenix and 30 minutes east of downtown Tucson and offers properties with room to breathe, inspiring mountain views, and of course those cooler temperatures. Only 17% of the land in Arizona is private property proving what a bargain these building lots are now.
The development means you can see the value of the savings you will get at Red Hawk at J6 Ranch where lots 2.5 to 5 acres start at just $69,900.
Remember, there is no time frame deadline to build on these lots. You can also pick your designer and builder.

Tucson area prime for Real Estate Investment

Tucson was recently ranked as one of “10 Best Markets for Real Estate Investors” in an Inman News article about property investing placing Tucson number four.

A big factor in the article is the population growth rate- the prediction that the forecast shows the Tucson area will grow by nearly 30% over the next 10 years – with a job growth rate to match – noted is the fact that Tucson’s unemployment rate of 7.9% is lower than that of Phoenix.  It is also lower than the U.S. rate of 8.6% (Nov 2011).  The article shows figures from March 2011, and marked improvement in the jobs sector has occurred since then.

Sources such as CNN Money, ZipSmart, Fiserv Case-Shiller and others have published predictions showing the Tucson real estate market prices starting to increase in 2012.

Consider that borrowing rates are at historic lows and with the best prices ever seen, you’ve got a market ripe for investing.  ZipSmart is predicting a 225% ROI (Return on Investment) over the next 10 years for residential properties.

These numbers all support CNN’s Money Analysts who analyzed Tucson Real Estate ranked Tucson as the number 7 city to purchase a home.  They suggest a bright future and even suggest a turnaround in coming months, projecting a forecast gain by 9/2012 of 3.4%.

This means there is special value in building lots that should start moving quickly.

The acres for sale at Red Hawk at J6 Ranch are some of the most spacious building sites in the Tucson area Real Estate market today. The 2.5 acres to 5.18 acres lots are unparalleled value for lots that already have improvements such as paved roads with county maintenance, water and electricity readily available. The property, just a 30 minutes drive from Tucson, it also offers buyers the opportunity to choose their own builder. There is no deadline to build on the property adding another hassle free option to those seeking property for building a future home.
The building acreage offerings have made an impact on those searching for land for sale near Tucson. “We found buyers are really attracted to the spacious lots we have and say the size of the lots and the views set the property apart” said Friedrich.

Tucson building lots show price increase trend for 2012

Acrease and building lots TucsonAcreage and building lots Tucson

CNN report projects bright future for Tucson Real Estate

A CNN reports studying the current conditions of Real Estate in Tucson.

The experts who analyzed the data on home sales and demand predict an uptick in coming months. Now is the time to buy real estate as prices will start rising shortly and continue an upward trend.

One alternative for those seeking newly built homes is Red Hawk at J6 Ranch, just a half hour drive from Tucson.New home builders can choose their lots that range from 2.5 to 5 acres and start at $69,000.
This Arizona land offers paved roads and underground utilities are already ready for hook-up.
It’s located 2 hours from Phoenix and 30 minutes east of downtown Tucson and offers properties with room to breathe, inspiring mountain views, and of course those cooler temperatures.

Here is some of the information on the positive news regarding Tucson Real estate from CNN.

Tucson, AZ Metropolitan Statistical Area
Forecast change: second quarter, 2011 – second quarter, 2012	-3%
Forecast change: second quarter, 2012 – second quarter, 2013	+13.4%

Tucson Real estate offers some of the finest living in the Southwest. For more information you can also visit Red Hawk at J6 Ranch at Western Land.

Tucson Real Estate market improving

Real Estate and Home prices in Tucson edged upward in October after five straight months of declines.

The median sale price was $120,000, a 2 percent increase from the previous month, numbers from the Tucson Association Realtors Multiple Listing Service show.

September’s median sale price, at $117,500, reached a low not seen since early 2001. October’s median sale price, while better than the previous month, was still well below the same time period last year.

In October 2010 the median sale price was $140,000, according to the MLS.

Here is more information on this Tucson Real Estate report.

Real Estate in Tucson offers many choices. However, buyers have very few quality and value related options that equal the offerings of Red Hawk at J6 Ranch. “We feel the market is only going to head in an upward direction” said Tricia Friedrich, marketing director at Western Land in Tucson.

This development featuring shovel ready lots with roads and utilities already installed offers clear advantages. It is less than a thirty-minute drive from Tucson. RED HAWK AT J-6 RANCH has available inventory and you can find a variety of acreage and building lot choices at www.westernland.com .
Only 17% of the land in Arizona is private property proving what a bargain these building lots are now.
 The development means you can see the value of the savings you will get at Red Hawk at J6 Ranch where lots 2.5 to 5 acres start at just $69,900.
 Remember, there is no time frame deadline to build on these lots. You can also pick your designer and builder.
The Tucson Real Estate market now has six months of inventory signaling an upward trend. Those wishing to build a new home in Tucson have a short window to get in on the good deals before prices start to rise again. Economists typically say that six months of inventory indicates stable market. Months of Inventory or (MOI) is the number of months it would take to sell the current home inventory based on how many homes are currently selling each month

Numbers are at least good news for those buying acreage

In a report from inside Tucson business, from September 2010 to September 2011, Tucson home prices dropped 12.5 percent, the nation’s third-worst loss, according to Clear Capital’s September Home Data Index Report. Clear Capital is a research firm that aggregates sales data to identify real estate market trends for financial organizations.

Bad news in some sectors likely means good news for consumers who want Real Estate in Tucson. Eleven of the lowest-performing markets were in the West where average gains were just 0.3 percent. This just means better deals for those who get in at the best prices ever offered.

“Tucson is not like the rest of nation. Even if we drop another one percent, who cares? We are at the bottom of our market,” said housing expert John Strobeck, Bright Future Business Consultants. “I don’t see prices trending down much more, we have buyers” he told azbz.com.

New homes and land investment might offer the best opportunity. If you are a homebuyer, the struggling market could be your advantage. “I don’t think we’ve ever seen a better time to buy” said Tricia Friedrich, Marketing director at Western land which operates Red Hawk at J6 Ranch just outside of Tucson in Cochise County. Call 1-800-797-0054 to arrange a private tour.

The experts and the data suggest now is the time to invest in land in the Tucson area. http://www.westernland.com

In August, new single-family home permits in the Tucson region hit 141, the second-highest monthly volume of the year. Year-to-date, 1,035 permits have been issued by various jurisdictions, according to new data from John Strobeck, Bright Future Business Consultants.

The year’s peak was 157 permits issued in March.

During August, Pima County issued the most permits, 48, followed by Marana at 29 (see table). Year-over-year, the steepest drop was in permits issued by the City of Tucson, where they were down 36 percent.

For 2011, Strobeck estimates that 1,450 to 1,500 permits will be issued.

For new-built homes, 115 closings were recorded in August, up from 87 in July. That was the year’s second-highest mark after 119 sales in March. In August 2010, there were 131 new-built homes sold. For the year, there have been 805 new construction closings, Strobeck said. New construction closings are on track to hit 1,200 to 1,300 this year.

Report: Now is the time to buy Real Estate

Some of America’s brightest and wealthiest people have revealed they are looking to invest in real estate as a safe bet in today’s economy.

 

John Malone is now America’s biggest individual landowner. The 70-year-old cable pioneer and chairman of Liberty Media now owns 2.2 million acres, after purchasing more than 1 million acres of timberland this year.

Now is the time to buy land, he said, because of low borrowing costs and low prices.  Malone told the Wall Street Journal regarding real estate that land “is a pretty decent hedge on the devaluation of currency.”

Malone started snapping up land in the 1990s, buying in Colorado, New Mexico and Wyoming. He bought the 290,100-acre Bell Ranch in 2010 and uses it to raise cattle and horses. Mr. Malone said his main interest is land conservation and maintaining the sustainable forestry programs with the New England parcel.

There are those who believe the wealthy are likely to continue looking at large tracts of land as the safest long-term, hard assets at a time of extreme market volatility and low borrowing costs.

 

What does it mean for you? If you live in the Tucson, Arizona area and are looking to invest or just buy a lot for building a home, it means now is the best time to invest.

 

New figures show Real estate prices in Tucson dropped 4.53 percent from July to August, and they have dropped 1 percent from August to September this year. Interest rates remain around 4 percent or even a little lower.

One of the best reasons to build a home in is the decline in prices of already existing homes, although the cost of buying new homes are up from last year. With Tucson real estate statistics showing lower interest rates and the lower cost of owning a home versus renting, interested buyers may want to take advantage of home ownership this fall. The average price per square foot is $87.00, a decrease of 13 percent compared to last year, so this is good news for the potential buyer. Interest rates remain around 4 percent or even a little lower.

 

The real estate market has slowed down a little recently because the tax credit deadline has expired, but the market still continues to be attractive because real estate prices have declined. Over 603,000 homes have sold this year compared to 595,000 last year. Since home sales have started a slow growth, this means land will be more valuable.

Those interested in financing may find interest rates as low as 2.65 percent. The price of renting in the area continues to rise, with an increase of 3 percent, or $19.00 a month since last year. As of August, 2011, house rentals are as high as $1100.00 a month and higher depending on the neighborhood you choose to live in. Compare the cost of each, as building may be the more inexpensive way to go during the long haul.

New homes and land investment might offer the best opportunity. If you are a homebuyer, the struggling market could be your advantage. “I don’t think we’ve ever seen a better time to buy” said Tricia Friedrich, Marketing director at Western land which operates Red Hawk at J6 Ranch just outside of Tucson in Cochise County. Call 1-800-797-0054 to arrange a private tour.

The experts and the data suggest now is the time to invest in land in the Tucson area. http://www.westernland.com

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Solid as a rock

We’ve been in the land business for the better part of two decades. There is a proven history of good service, successful developments and customer satisfaction. Our record shows it.

Recent news of some developments going belly up or being forced to close bring to light some of the risks homeowners face when deciding where to build their new home.

The Arizona Department of Real Estate licenses Real Estate professionals and development companies and has an open record keeping system that allows consumers to check the status and complaint history of each entity.

Do a quick search at www.azre.gov for more information. Better yet, here is a direct link to Western Land’s vital information on real estate in the Tucson , Arizona Area.

You will find a sparkling record of no complaints, no issues, and a track record of honesty and integrity.

To save you some time, here is the information contained in the report:

Legal Name:	WESTERN LAND INVESTMENTS, INC.
Business Name:
License Number:	CO000641000
License Status:	Active
License Type:	Real Estate Corporation
Original License Date:	1/20/1989
Expiration Date:	7/31/2012
Business Address:	2850 E. SKYLINE DR #100 TUCSON, AZ 85718
Mailing Address:	2850 E. SKYLINE DR #100 TUCSON, AZ 85718
Phone:	(520) 544-5610
Designated Broker:	CHRISTENSEN, LOUIS
Branch Manager:	None
Registered Online:	Yes This company is registered with the Department’s Real Estate Licensing web site for processing online transactions. Licensees employed at this company can renew their license online. A licensee not employed at this company can make a request to be hired by the broker.
Employees:	License Number Name Employment Type Hire Date Expire Date SA014830000 BOYCE, JOHN Salesperson 10-21-1996 8-31-2013 BR046546000 CHRISTENSEN, LOUIS Designated Broker 5-27-2003 7-31-2012 BR005126000 CHRISTENSEN, LOUIS Associate Broker 5-27-2003 1-31-2013 BR542341000 FRIEDRICH, PATRICIA Associate Broker 9-15-2006 9-30-2012 BR012913000 KEIL, MARY Associate Broker 12-7-2006 10-31-2012 SA027103000 OSMENT, TRACEY Salesperson 4-5-2010 5-31-2012 SA024371000 RENAULT, SPARKMAN Salesperson 6-29-2011 7-31-2012
Offices:	License Number Status Address City Zip Branch Manager CO000641000 Active 2850 E. SKYLINE DR #100 TUCSON 85718
Open Complaints:	0 Open complaints represent unproven allegations – Upon investigation many complaints are found to be without merit and dismissed. Open complaints are confidential and no information concerning them is available for release.
Disciplinary Actions:	File Number Order Type Order Date No records to display.

This means Western Land investments has one of the most outstanding track records in the business. In today’s world of real estate, we know our customers will do their research. 800-797-0054 or 520-546-HAWK

No better time to invest in land

In these up and down economic times , one investment now seems to be the most stable. The recent large fluctuations in the stock market make one wonder about safe harbors in a time of such risk.  Although land prices have gone downward in recent years, we’ve seen a bottoming out of the land market in terms of prices and prices look to climb higher again. The reason is the stability of land in relation to the stability of wildly fluctuation markets.

I once heard a man tell this wise old story:

With the stock market still in a slump the time has never been better than to invest in land.  The one corner of your life that will always be there, aside from family, is your land.  Values may drop, but they always come back, don’t wait and see, find out for yourself.  Ask your Dad.  Mine always said “buy land it is a safe investment”. 

I remember many years ago driving across western Arizona to visit relatives.  The were for sale signs throughout the desert.  My thought at the time was, who would buy this desert?  Now I know how Tucson and the surrounding suburbs have developed. You don’t want to say that the  surrounding area could have been one great investment. Having a mountain view with a spacious lot is icing on the cake.

Tucson area residential land company sets lot size standard

Western land has announced it is setting a lot size standard on its Tucson area residential land for sale. The company says its success with the lot sizes in its already sold old phase one of the project led the company to establish the necessary acreage of vacant land that single family vacant land buyers demand.

In comparison to most vacant residential land offerings in the Tucson area, the acres for sale at Red Hawk at J6 Ranch are some of the most spacious building sites in the Tucson area Real Estate market today.

The 2.5 acres to 5.18 acres lots are unparalleled value for lots that already have improvements such as paved roads with county maintenance, water and electricity readily available. The property, just a 30 minutes drive from Tucson, also offers buyers the opportunity to choose their own builder. There is no deadline to build on the property adding another hassle free option to those seeking property for building a future home.

The building acreage offerings have made an impact on those searching for land for sale near Tucson.

“We found buyers are really attracted to the spacious lots we have and say the size of the lots and the views set the property apart” said Tricia Friedrich, marketing director and sales agent for Red Hawk at J6 Ranch.

Call 1-800-797-0054 to arrange a private tour.

The property prices of land near Tucson has never been more affordable according to Friedrich who said “land is such a good investment right now that  the unique opportunity to buy at this price and not have a deadline to build is just a smart investment.”

RED HAWK AT J-6 RANCH : AVAILABLE INVENTORY

Only 17% of the land in Arizona is private property proving what a bargain these building lots are now.
The development means you can see the value of the savings you will get at Red Hawk at J6 Ranch where lots 2.5 to 5 acres start at just $69,900.
Remember, there is no time frame deadline to build on these lots. You can also pick your designer and builder.