In the last 14 days just one home priced at $1.0 or more has gone to contract in the foothills. One home, in two weeks. And this is March, the height of the season.
I’m back today and not 100%, but much better.
And that’s the first thing I looked at when I went online today – how many mil+ deals have been made while I’ve been sleeping the days away. None. Not a one. The one mentioned above is from March 5th. Nothing since.
T I M B E R R R R R R
A nice fat contract did close the other day. That was for the house at 6755 N Hole In The Wall Way, it sold for $2,200,000 ($344/sf) off it’s most recent list price of $2,495,000. (Listed by Long Realty)
That’s after nearly 3 years on the market when it was first listed for $3,200,000.
Worth noting is that these sellers paid $2,450,000 for it in March 06 and, for some reason, felt it was worth $3,200,000 just 14 months later. And after quite some time found out that no one else agreed with them. This is the highest priced sale so far this year though.
In Pima Canyon, 1887 E Desert Garden Dr sold the other day for $1,075,000 ($248/sf) off a $1,250,000 list. That’s down from it’s original list of $1,495,000. (Listed by Long Realty)
It last sold in 01, brand new at the time, for $1,066,000.
Beyond that nothing much happened. A few new listings, the usual meaningless price reductions, this expired, that came back on the market. What else is new. The market up to $600k or so continues to do well.
see thefoothillsToday.com
to find your Tucson Foothills home
