Developed in 2005, Villa Milano at Rancho Sin Vacas is a small single family & town home community here in the Tucson Foothills that has been slow to get off the ground.
It's in Sin Vacas, a very nice guard-gated community high in the Foothills. And the homes are beautifully designed, built and appointed. They're nicer (in my opinion) and much newer than comparable homes in La Paloma or Ventana. And because of their convenient location and being in a gated community, they're ideally suited to second home owners.
But for some reason they haven't captured people's imagination.
I've mentioned them to clients looking at similar homes in Ventana or La Paloma, and explained the slow sales scenario, and that was that, we never went up for a look. So slow sales lead to even slower sales.
According to the MLS there are 21 for sale and just 9 have sold in the last three and half years. Maybe it's because there's no golf course, or because they just don't have the cachet of La Paloma or Ventana.
But one thing's for sure. When it was first developed and for a long time after, the homes were priced as if they were the only game in town. And unfortunately it's taken them about three years to realize they're not. Now prices are finally down, and maybe things are changing. Because of the 9 homes sold in the last 3 1/2 years, four of them have sold in the last 5 months. So we'll see.
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