In case you haven't noticed, and apparently just a few have, lately I've remarked on the conspicuous spike in activity in the $1.0m+ home market here in the Tucson Foothills. A spike that's noticeable because, like temperatures in the 70's, it's unusual for this time of year. But also because up-to-now there's been a lot less activity in that upper tier. And even less in the new spec home slice of that market.
And now yet two more have been snapped up in the last couple of days. And both of them are new spec homes.
One listed for $1,575,000, and the other for $998,000, and though technically that's not $1.0+, it was well over $1.0+ before somebody came to their senses. (at one point it was priced at $1.375m)
And though I really liked just about everything about this house- with it's contemporary design and very open floorplan - I didn't think those things could overcome it's unfortunate location next to Skyline Dr anytime soon.
Why now.
This is what I said last time in two more bite the dust
... the spike in activity at the high-end continues, and while I don't think it's the tipping point, I don't think it's just some odd fluke either. I think it's fairly simple. There are some good opportunities out there and some people recognize it and are ready to take advantage of it.
and that still sounds about right to me, so I'll stick to it.
For even more on this unusual phenomena see,
is it deal time for high-end homes in the Tucson Foothills ,
two more bite the dust , and Why Now!
and see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes
