It's new. It's in. It's where we're going, rather than where we've been.
Long gone are the days of gloating over or holding out for ever higher home prices. It's become damn near unpatriotic, akin to buying a new Hummer. Priced to sell is where it's at. Lets look ahead and move ahead, not back. First come the early adopters, and as they succeed others follow. We're somewhere between those two stages here in the Tucson Foothills.
The most recent example of the new black is a big house that got listed just today in the Tucson Foothills for $1,150,000. It's over 5900 sf, and that makes it $194/sf, and right away that sounds like a pretty good deal. And the house is on more the 2.5 acres in the old Catalina Foothills. Sounds even better. And it's had a good deal of renovations, kitchen, baths, etc. And it's quite striking.
But before today's new listing it had been on the market for a long time (more than a year) listed by another agent who'd apparently agreed to list it for the fantasy price of $1,859,000.
Of course it didn't sell, even after numerous price reductions.
And in March they finally threw in the towel at $1,449,000 and pulled it off the market. Grumpy and frustrated I'm sure.
So now more than a year has passed as this house has lolled around on the market, meanwhile everywhere you look conditions have worsened and the prevailing mood is low. But it's not that things have worsened that much, it's just that this house was way overpriced to begin with, in any market. It's own worst enemy.
So now after reality has finally set in, and with a big whack at the price, it's now really priced to sell, finally.
This house is listed by Robin Kaiserman of Long Realty, an early adopter.
see my web site thefoothillsToday.com
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