Tucson, Arizona Housing Remains Red-Hot For Holidays
by Blanche Evans
Realtors in the Tucson, Arizona market report that sales are up, property values are up, and home sales show no sign of slowing down, even for the holidays. "Tucson's High Sonoran Desert is ringed with majestic mountain ranges," says Realtors Lila Petersen and Ralph Catroppa. "We have 52 golf courses, and counting. Tucson is home to a fiber optics research and development cluster, The University of Arizona, endless outdoor activities, a vibrant cultural life and is steeped in influences from the Latin and Native American cultures. "Southern Arizona is a wonderful place to live for families, students, working professionals and retired people, from active boomers to the more sedate 'senior' crowd," they add. "Tucson's property values are so strong the area also provides great investment opportunities for real estate investors.' The business partners explain, "Property values in Tucson have been going only one way - up. Property values went up an astounding 26.7 percent in October, 2004 over the same month last year. The average home in Tucson now sells for $226,000, according to the Tucson Association of Realtors. In fact, demand here is so great, builders are holding lotteries as the fairest way to dole out the limited number of homes. Suggests Realtor Bev Shillinger. "Our environmentally sensitive area, surrounded by gorgeous mountain ranges, combined with a relaxed lifestyle and affordable prices, has made Greater Tucson, not only a great place to live, but for many a great place to invest." "New Home sales continue to soar as well," says Realtor Betty Grace. "New Home average sales price: $214,942 over $195,815 of 2003 an increase of 12.7 percent. Now is the time to jump on board and become an investor in you own home, or purchase as an investor in your own future. Rates are still historically low, the holidays are just around the corner, and you can still get moved before 2005." |
