In Cat 10, once upon a time 3771 E Sumo Octavo was listed for $2,195,000 and today, after a
$100,000 $50,000 cut, it’s now available for $1,500,000 $1,550,000 ($238/sf) ($246/sf).
A day after I posted this, the price changed again, this time going up?
And I can’t help wondering if the quick contract on 4790 N Via De La Granja, also in Cat 10 – listed for $995,000 ($168/sf), is causing sellers to re-think their asking prices. And if it isn’t, why isn’t it.
De La Granja was also listed up in the clouds, but within days of dropping to $995, it went to contract. And while having to drop to $995 may have been a disappointment to the owners/sellers, they can take some comfort in knowing that not only did they sell, but that theirs will be the highest priced sale in Cat 10 since February 2008. That’s a fact, almost 2 years.
And coincidentally, the house that sold in February 2008, 4331 N Placita Camaleon, expired today after 1 year, asking $2,950,000 ($478/sf).
The owners bought it in February 08 for $2,900,000 and listed it 10 months later for $3,125,000. That would have been quite a coup if they’d pulled it off, but they didn’t. I imagine it will be re-listed soon.
And on a more positive note, in Skyline Country Club, the folks at 7021 N Mission Hill Ln also got to the right price. Listed for a short while last year for $2,495,000, it was re-listed 80 days ago for a range price of $1,495,000 to $1,895,000 ($204/sf @ $1.495). And that did the trick, today it’s in contract.
And loath to follow the pack, and not that it matters all that much, the owners of 7454 N Secret Canyon Dr upped their price today from $4,350,000 to $4,500,000.
to find your Tucson Foothills home