not the kind you’re likely to brag about anyway. While there are a fair number of sellers at $2.0+ who would like to sell - at the moment there are 20 listed and, I imagine, quite a few others on the sidelines who would if they thought they could – but very few buyers are taking the bait – just 4 sold in 2012 for $2mil or more. And two of them just squeaked in at $2.050, $2.050, then one at $2.150 and one at $2.5. And no one paid retail for any this stuff either. These sales started out (years ago) listed at $3.995, $3.850, $4.5 and $4.2. And three of the four were spec homes.
And while I am by no means a financial whiz (love to hear from those who are) I can’t imagine that the tax increases that appear almost sure to come, at least for the top earners, are going to do much to spur sales in this bracket.
And the $2,000,000 house market in the Foothills was just getting off the ground.
- here are the sales at $2.0+ in previous years;
2001 – 2
2002 – 1
2003 – 2
2004 – 6
2005 – 12
this is when luxe builders started licking their chops and figuring out how to out-lavish each other,
2006 – 19
then, in the blink of an eye the boom started to fizzle before many of them had hammered their first nail. But they’re builders, so they kept on building while sales kept on dropping
20007 –13
2008 – 9
2009 – 6
2010 – 3
2011 – 2
Blastoff!
And nothing currently in contract at $2.0. Will there be bargains or blood next year.
see thefoothillsToday.com
to find your Tucson Foothills home
