Purchased new in 2001 from the builder AF Sterling, 6382 N Pinnacle Ridge Drive, listed at $710,000 ($201/sf) eleven days ago, is already in contract.
Lately, we’ve had quite a few quick contracts. And that’s not counting distress sales either, just normal sales. And all have been listed in the $700k to $1.3, or so, range.
Is it pent up demand? Buyers just sick and tired of waiting? A belief that we’ve reached bottom? Lack of distress sales now driving buyers to “normal sales”? Prices to good to pass up? With slim pickins in some price ranges are buyers rushing to grab the best of what’s available? None of the above? Coincidence?
6382 N Pinnacle Ridge Drive Tucson, AZ 85718
(listed by Coldwell Banker Residential Brokerage)
Congratulations on so many quick sales! I think it could be any number of those possibilities. Or some sort of combination of one or more. This home in particular sure looks like a lot for the money. Perhaps they just couldn't let it pass by?
Posted by: Clint Rowley | November 30, 2011 at 09:15 AM