As I was scanning through the Tucson MLS this morning to check out the latest new listings, price reductions, etc. in the Foothills market,
I noticed that one home had a price increase.
And a pretty substantial one at that, $529,315 to $575,763.
The price increase is for one of the new AF Sterling homes at Paloma Ridge next to La Paloma. I thought that was interesting, given the current market conditions, and I vaguely recalled that the few Paloma Ridge homes that have turned up SOLD in the MLS recently, had SOLD for a rather steep discount from the list price.
So I checked it out, and sure enough the last two that sold, were listed for $638,445 & $632,750, and SOLD for, $560,480 & $561,200,
or $181/sq ft. & $187/sq. ft. Note, these two are much larger homes, at 3000 or more sq ft.
The one with the price increase is just 2277 sq ft., but the price increase would make it $252/sq ft.
AF Sterling has only listed a few of these homes in the MLS.
Relying instead, it seems, on walk-in traffic, that location is about as visible as you can get - or past clients - Sterling has a well-deserved sterling reputation, ha-ha, for the bulk of their business. So it's hard to tell how many have sold and how much they've sold for.
Maybe they're selling like hot-cakes all of a sudden. What else would justify increasing the price that much in the current environment?
see my web site thefoothillsToday.com
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