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 http://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