If you live in the Tucson Foothills you should have received the very first edition of Foothills News yesterday. At this point it's a
give-away, ad supported I guess, paper that is mailed to all residents in the Tucson Foothills. The goal of Foothills News as stated on the front page " is to be the most comprehensive hometown newspaper possible for the Catalina Foothills " I wish them luck.
They're online too, TheFoothillsnews.com
Of course the first edition had an article on real estate.
Titled, Real estate in the Catalina Foothills remains stable
the author Heather Stanton interviewed Tom Sloyan, president of the Tucson Association of Realtors for the article.
The gist of the message was that the Tucson Foothills is a more stable market because - it has the top public school district in Tucson, very desirable area, fewer homes are for sale, basic supply and demand coupled with the fact that there is relatively little opportunity for development in the Foothills because it has already been developed. It goes on to talk about the increased popularity of renovating older homes, knock-downs and land values.
All of that is true, and it's accurate and it's very welcome.
Because the media usually (no always) paints the Foothills with a broad brush that includes all of Tucson, and that's not an accurate picture. I've chanted this stuff for a long time, most recently in
are the Tucson Foothills more resilient to a declining real estate market And also on my web site at Foothills Market Trends.
And now I'm glad to see someone else address the particulars of the Foothills market.
One correction.
I don't know when this paper went to press, but in the last paragraph Heather states that only 38 homes have sold in the Foothills in 2008,
"too small a number to draw conclusions from" she says.
If that were true, and only 38 homes had sold so far this year, there'd be no talk about the Foothills being a more stable market.
Through yesterday, 103 single family homes have sold in the Tucson Foothills, 152, if you include town homes and condos.
see TheFoothillsToday.com
to search for and learn more about Tucson Foothills Homes