Maya Estates, Marana - Announcing a change in status for 8733 N Maya Ct, a 2,213 sq. ft., 3 bath, 4 bdrm single story. Now 
MLS® SALE PENDING $330,000 - Under Contract!.
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Adult Community
• 1,484 sq. ft., 2 bath, 1 bdrm single story - $250,000 - Just Listed!
Saddlebrooke, Pinal County - Remodeled Sonora floor plan with great room. One bedroom and den/office (could be easily converted to bedroom), durable berber carpet, sola-tube, security front door, custom window coverings, new granite countertops and fixtures. Ceramic tile with 3 artistic medallions. Large flagstone patio with covered patio area and ramada. Premium lot with mountain views from the backyard. Newer hot tub stays. Agent related to seller.
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Custom Home
• 2,213 sq. ft., 3 bath, 4 bdrm single story - $330,000 - New Listing!
Maya Estates, Marana - Custom home with upgrades galore. 4 Bedroom, 3 bathroom with a den. A luxury kitchen with granite countertops, Decor appliances, high-end cabinets. Ceramic tile, Pergo/Wilsonart wood flooring and carpet throughout. Three car garage with RV parking, storage shelves and workbench, 110v outlets, too. Solar-heated Pebble-tec pool with spa and rock waterfall. Drop-in BBQ, sink and a bee-hive fireplace on covered patio. Irrigation system for landscape and grass. Central vacuum, water softener, alarm system, extensive Cat5e network, intercom system and sterero prewire. Large whirlpool tub, walk-in shower, TV prewire and mount, walk-in closet plus storage cabinets.
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West Tucson, Tucson - The single story at 2139 W Painted Sunset Cir has been sold.
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• 1,645 sq. ft., 2 bath, 3 bdrm single story - $1,195 USD Monthly - Available Soon
Wilmot Shadows, Tucson - 2002 build home located convienently near DM Air Force Base, Park Mall and Raytheon/IBM. 3 BD, 2 BA and a den with a low-maintenance landscaped backyard. Vaulted ceilings with fans and cool A/C. 1645 sqft with all appliances included. 2 car garage, covered patio, Security System installed.
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Just Listed
• 1,898 sq. ft., 2 bath, 3 bdrm single story - MLS® $250,000 - Best Price in Area
Sierra Morado, Tucson - Rare Find. Only Plazita floor plan available in community. This home features 9' ceilings, 16 inch tile, stone decor on front of home, upgraded cherry cabinets, corian countertops, GE Profile appl, marble surrounds and counters, a den, garden tub, landscaped backyard with flagstone patio, plus a lot more. Community Center and pool. Rent-to-Own option available. Owner is a licensed Realtor in AZ.
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• 1,538 sq. ft., 2 bath, 4 bdrm single story - MLS® $220,000 - Just Listed
West Tucson, Tucson - Largest lot available in the neighborhood. Well maintained, split floor plan home close to UofA and Pima. Brick-pattern 18 inch tile, vaulted ceilings, custom paint, security door, ceiling fans, walk-in closet, separate tub and shower, plus many more upgrades. Large backyard has irrigation system with a huge amount of room. One of the largest premium lots in the subdivision.
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Vail, Pima County - The single story at 497 S Sunny Rock Drive has been sold.
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VIEWS! VIEWS! VIEWS!
• 1,789 sq. ft., 2 bath, 3 bdrm single story - MLS® $265,000
Vail, Pima County - Immaculate home with views of the 7th fairway and the Santa Rita Mountains. Quarter acre lot, landscaped backyard with custom pool and spa. Upgraded kitchen with granite counters, high-end appliances, maple cabinets w/ crown molding. Diagonally laid 16 inch tile throughout, accent lighting and chandelier. 2.5 car garage, covered patio, irrigation system, 9' ceilings, real-wood blinds, master bedroom with slider to outside. Plus much more.
Property information
....not just yet. I have had the year to develop working relationships with many of the major and custom home developers in Tucson. Most of my experiences come from first-hand knowledge with properties I own, others are from second-hand sources, such as clients, papers, JD Power Survey and sales.
This year I have been in extensive contact with Pulte Homes. After purchasing a home through them in 2004 on the Southeast side of Tucson, I must express my extreme satisfaction of their customer service. Not only did they build a solid home, but when service items like, stucco repair, dry-wall re-texturing, painting touchups, tile work, etc, came to my attention, Pulte did not hesitate to set up an appointment and come out to fix/repair these items. For this dedicated service I award Pulte Homes the 2007 Builder Award. It is quite evident that this is a well devoted company, as seen by their consecutive JD Power Awards year after year.
The Runner Up
...Pepper Viner Homes. A custom home builder in Tucson, they have been around for a long time. And its no wonder, with their Design Flex methodology, they can give new home buyers a sense of buying a custom home. No two homes are alike, which a lot of people find advantagous with all the cookie-cutter subdivisions in Tucson. While I have not had extensive work with Pepper Viner, I have spoken to many people about the quality of their work and their customer support. Everyone I spoke with had high praise regarding their sales and staff team. After recently moving into a newer Pepper Viner home, I noticed issues with the A/C, whirlpool, roof tiles, grading, dishwasher, furnance, etc. Mind you, I purchased a foreclosure that obviously was not maintained. And even with the two year warranty about to expire, Pepper Viner didn't hesitate to have their customer service rep come out and schedule subcontractors to come out and service the failing items. I was amazed! I would expect to see Pepper Viner at the forefront of Tucson home building for years to come. Who knows, maybe they will rise to the 2008 Home Builder of the Year.
James Valfre
http://www.valfrerealty.com
Tucson's Current Market Trend
Every month I provide insight on the direction of Tucson's real estate market. Many national news reports talk about a devastating bust in the housing market, yet they provide little factual data behind their claims. I believe in providing real market trend data to back up my housing claims.
The latest statistics for Tucson real estate shows a steadying of home prices. July 2005 has been determined to be the peak of the Tucson housing market, the past two years have allowed for a correction in prices. Sellers are now pricing their homes more reasonably. Buyers are coming back into the market. Prices and inventory are holding steady. The National Association of Realtors is expecting the market to pick up in the second half of next year.
November 2007 Stats
Homes for sale: 9,234 - Down from 9,313
Avg home sale price: $269,968 - Up from $262,251
Median home sale price: $213,000 - Up from $210,000
Average Days On The Market (DOM): 97 - Down from 99
Months of Inventory: 11.3 - Down from 11.8
Come back for December 2007 statistics mid-month.
http://www.valfrerealty.com
Last week I had the opportunity to visit the Passages of Tucson Open House held off of I-10 and Hwy 83. On site was Jim Miller and Robert Hoffman, developers of the project. They discussed the road to development of the project, where the project was heading and when to expect completion. While the project is expected to last 10 to 12 years, construction will be completed in phases so shoppers can utilize the stores.
Currently, the sewer lines are being laid and construction is due to occur in 2009. This project will pave the way for new development within the Vail area. It is much needed development. The area continues to grow residentially, but is in need of serious commercial development. To see more information, visit http://www.passagesoftucson.com
James Valfre
http://www.valfrerealty.com
Local builder Pathway Development has found itself in the Tucson real estate headlines. This time not for good reason. After being headlined in the Arizona Daily Star for its failing Corona De Tucson condo development, Aldea del Rey. It is now gaining negative spotlight for its Sabino Springs Estates debacle. After purchasing this luxurious land and spliting the development into sellable and buildable lots ranging from $250k to $450k, this company is has been served with a multiple of lawsuits due to delayed development and mismanagement, according to the Daily Star.
http://www.valfrerealty.com
Seems like day after day we are feed new information regarding foreclosures, lending standards and the credit crunch. It is hard to draw the line at reality and media hipe, but I think the truth can be found somewhere in the middle.
The releases from the major banks indicating a lack of public money is very disturbing. Because without money being lent to home buyers, homes will not sell. Fortunately, the government is stepping up and issuing more government backed loans through the FHA. This will help credit worthly home purchasers.
We do have to remain patient to see the glut of home inventory decrease. Remember that hundreds of thousands of people bought brand new homes between 2002 through 2006. They are not ready to move up yet. Families, on average, stay in a home for about 7 years. So, we should see up-movers start repurchasing in 2009. What would be benefittal for the market in general would be to see investors come back. From personal experience, I know a lot are sitting on the sidelines to wait and see. Well, we are nearing a bottom and those that stay on the fence are going to miss a great opportunity. The way I see it, real estate is still a great investment. Everyday, 6,000 people are retiring. These retirees are looking for a great place to relax and enjoy the rest of their non-working lives. Tucson is a great place for many of them.
http://www.valfrerealty.com
Tucson's Current Market Trend
Every month I provide insight on the direction of Tucson's real estate market. Many national news reports talk about a devastating bust in the housing market, yet they provide little factual data behind their claims. I believe in providing real market trend data to back up my housing claims.
The latest statistics for Tucson real estate shows a steadying of home prices. July 2005 has been determined to be the peak of the Tucson housing market, the past two years have allowed for a correction in prices. Sellers are now pricing their homes more reasonably. Buyers are coming back into the market. Prices and inventory are holding steady. The National Association of Realtors is expecting the market to pick up in the first half of next year.
October 2007 Stats
Homes for sale: 9,313 - Up from 9,190
Avg home sale price: $262,251 - Down from $279,025
Median home sale price: $210,000 - Down from $215,000
Average Days On The Market (DOM): 99 - Down from 101
Months of Inventory: 11.8 - Down from 13.5
Come back for November 2007 statistics mid-month.
http://www.valfrerealty.com