Just do what they did over at 4625 N Placita Roca Blanca in Cat 10.
In 2007 they paid $2,595,000 for it and they listed it yesterday for $1,595,000 – 38% less.
It was under contract for more than list price before the ink was dry on the listing agreement.
(and it’s not a short sale or foreclosure either)
4625 N Placita Roca Blanca Tucson, AZ 85718
(listed by Long Realty)
Despite the woes of the high-end market – mostly because most of what is for sale is just more $$$ than buyers are willing to pay - it’s no secret there are high-end buyers waiting patiently for a deal to come along. And when one does, they pounce. That’s right pounce, because, while there are plenty of high end homes for sale, really well-priced high end homes are in very short supply in the Tucson Foothills. And once they’re gone, they’re gone.
Just recently we saw 1682 E Sahuaro Blossom Place in Pima Canyon, listed years ago at $4.2mil and more recently at $2.3ml and still go nowhere. Until it was relisted at $1.075 and got 9 offers in 3 days and sold for $229,000 over list.
Then 2304 E Sentry Ridge Court, also in PC, after almost 2 years at $4.9 and $4.250, dropped to $2.250 and had at least 3 offers in 2 days and also sold for over list.
7808 N ANCIENT INDIAN Drive struggled along since 2005 priced from $3.799 to $2.999mil and went nowhere, until it dropped to $1.990 and quickly went to contract.
This is what high-end, discretionary purchase, don’t have to have it, buyers want.
see thefoothillsToday.com
to find your Tucson Foothills home
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