This nice little house – I’ve shown it, it’s nice - at 5360 N Apache Hills Tr sold for $560,000 after just 21 days in September 05.
But when they put it back on the market in November 08 for less than they paid, for $524,900, they had no such luck. It sat, for 356 days and half a dozen price cuts, until yesterday when it went to contract listed at $395,000 ($166/sf). That’s a 30% loss + commissions + closing costs + …
Even if it went for list, and it probably didn’t, they’d be lucky to clear $367,500.
And it’s not a short sale and not a REO, it’s just an owner taking a big hit.
see thefoothillsToday.com
to find your Tucson Foothills home
