| | Market Update and Coming Soon! |  | This was the last Tucson sunset of 2024!
I hope this New Year is off to a wonderful start for all of you.
My heart goes out to those who have been impacted by the devastating fires in Los Angeles. I'm thinking of you, your families and friends during this difficult time. I am thankful that my nephew and my friends in the area are safe.
Tucson Market Activity
December Sales - 1106 up 5.8 % from previous year
Median Sale Price - $358,000 up .8% from previous year
Average Sale Price - $422,267 up 1.2% from previous year
Price Per Square Foot - $224 up from previous year
December New Listings - 1374 up 8.5% from previous year
Average Days on Market - 53 days up 7 days from previous year
Sale to List Price Ratio - 98% down 1% from previous year
Active Listings - 4049
The level of demand for homes varies significantly across different price ranges, primarily due to the amount of inventory available within each range.
Buyers' Markets: We're seeing these in some price ranges, where there's a larger supply of homes compared to buyer demand, giving buyers more negotiating power.
Sellers' Markets: In other price ranges, we're witnessing sellers' markets, characterized by high demand and limited inventory, which favors sellers.
Currently, the market appears balanced for homes priced between $400,000 and $600,000, as well as those between $800,000 and $900,000. This suggests a more even playing field for both buyers and sellers in these price segments.
Townhome Coming Soon in the Foothills!
6217 N Pascola Circle (85718)
This meticulously maintained 3-bedroom, 2-bath home is located in the gated community of Kachina Hills. It features a two-car garage and offers 1890 square feet of living space.
A private gated courtyard graces the front of the home, offering stunning views of the mountains. The backyard features a covered patio that overlooks the lush desert landscape and a wash.
The kitchen, bathrooms, paint, and flooring have been updated with warm and inviting colors. The home is filled with natural light, vaulted ceilings, built-in surround sound, stainless steel appliances, a split bedroom plan, plantation shutters, and tile flooring throughout.
Situated between Swan and Pontatoc, north of Sunrise, this home enjoys a prime location. The neighborhood offers two gated entrances, a community pool, spa and conveniently close to all major amenities.
Photos and the property website will be available on 01/18/25. Please call me for more details, pricing information, and to schedule a private showing.
Sale Pending
3221 N Riverbend Place (85750)
This unique horse property! Under contract in 4 days!
Asking price $850,000
This inviting, updated horse property offers 2771 square feet of living space and is nestled amidst mature landscaping. It backs onto the Rillito Wash, providing direct access to miles of riding.
The property features 4 bedrooms, 3.5 bathrooms, 2-car garage, swim spa, horse arena, round pen, tack room, front courtyard, pond, covered patio, RV hookup, and ample space for expansion on this 1.18-acre lot.
Scheduled to close on 2/6/2025
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Start your home search now! Scan the QR code or click the link below to begin searching for your next home.
I'm here to assist you throughout the entire process. Feel free to reach out with any questions about buying, selling, potential properties, service providers, community information, or the current market.
Know someone thinking of buying or selling? I'd greatly appreciate it if you could share my name with them. My business relies on you, so thank you for your continued support and referrals. Diane
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