And though it may sound strange, new listings will be a very welcome sight.
The inventory is very low, lower than I’ve seen it in my almost 10 years in the biz – currently 363 for sale including 67 at a $million & up. But, unfortunately, quite a few of the homes that do remain for sale are stale old listings that have proven difficult to sell, or they are at a price that no one is willing to touch. Or both.
And I have a few clients who would like to buy a house in the foothills, but the kind of house they want is just not for sale at this time. And it’s not amongst these new listings either, or I wouldn’t be spreading them around like this. And I know other agents who are in the same boat.
See the link below for the 10 listings in the Tucson Foothills at $750,000 or more that have come to market since September 1st. And I’ve tried to weed out the relisted old listings, you know, homes that have been listed and recently expired or withdrawn and then re-listed. However, a few of the 10 homes have been for sale before, and failed to sell, and are now back. But in those cases, they’ve been off the market for a respectable few months anyway.
And it’s encouraging that most of the homes in this group that were for sale or sold in the last few years, have now been relisted at lower prices, in some cases much lower prices, than they either sold or were listed for before.
And there is no doubt in my mind that there are quite a few potential home sellers out there who would like to sell but have held off listing their homes because of poor market & economic conditions. And then more recently because of the added burden of slower summer sales. Well, at least summer is over.
thefoothillsToday.com
to find your Tucson Foothills home