6325 N Pinnacle Ridge Drive found a buyer in just 32 days in 2006 and sold for $1,100,000 ($247/sf).
And one year later it was listed for $949,000, then dropped to $899,999, and still no go – while somewhere along the way it became a foreclosure - then dropped to $799,900 and on down until it reached $630,000 ($142/sf) earlier this month and, bingo, it went to contract today as a foreclosure.
6325 N Pinnacle Ridge Drive, Tucson, AZ 85718
(listed by Coldwell Banker Residential Brokerage)
I’m guessing that with all the economic turmoil and uncertainty that this is a very good time to be negotiating on foreclosures. The banks are all too aware of the situation and are probably more eager than ever to unload this stuff. Just a guess.
However, lately, with more buyers interested in well priced foreclosures you are also more likely than ever to be up against other bidders.
see thefoothillsToday.com
to find your Tucson Foothills home
