Patricia Paul Properties

Please contact me if you'd like to receive a copy of Tucson's November Housing Report.  It's full of information and statistics.   Some of the statistics include months worth of inventory, number of listings and closings, median and average sale prices, price banded sales information, and months of inventory by zip code.

Did you know there is a big difference by the area of the city?  For example, in zip code 85714, there are only 2.6 months worth of inventory.  But in zip code 85749, there are 12.4 months worth.  Homeowners wanting to sell their homes in those areas will have different experiences because of that.

It's no surprise that the most number of homes that sold were in the $150,000 - $175,000 price range.  There were 567 listings in that range, and in October 135 sold and closed.  Next, in the $125,000 - $150,000 range, there were 594 listings, and in October 132 of them sold.  In the $100,000 - $125,000 range, 111 of the 389 listings sold. 

Now might not be the best time to be selling your $1,000,000+ home;  in October, only 3 out of 292 listings sold.  But, it is a great time if you're looking for a bargain to purchase!

Please let me know if I can help you with any of your real estate needs.  

Patricia Paul, GRI *** www.PatriciaPaulProperties.com *** (520) 548-2078

There has been a huge increase in the number of Tucson properties going under contract in past several weeks (1,317 properties in the last four weeks).   Some of this might be attributed to first time home buyers rushing to get in under the tax credit deadline.

There are also a lot fewer home on the market right now (active inventory):  A 23% decrease in inventory in September 2009 compared to September 2008.

With the market showing signs of improvement for the last several months, now might be a good time to put your property on the market, if you've been thinking about it.

Call me if you'd like to discuss the possibility of selling or buying.   I'd be happy to meet with you and answer any of your questions.

For more details, visit:   http://azhousingstats.longrealtyblogs.com

Patricia Paul, GRI ** www.PatriciaPaulProperties.com ** (520) 548-2078