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Old 06-08-2019, 06:04 AM
 
Location: Colorado Springs
6,457 posts, read 7,067,732 times
Reputation: 22249

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http://www.longrealtyonline.com/Hous...port=tucsonall

In consideration of a possible move to the Tucson area, I came across this report.

A few observations:

- the median price in 2019 is less than it was in 2006
- some areas are declining in value

I think I'll just consider renting.
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Old 06-08-2019, 07:41 AM
 
Location: Phoenix
24,285 posts, read 13,393,795 times
Reputation: 20866
Quote:
Originally Posted by Vision67 View Post
http://www.longrealtyonline.com/Hous...port=tucsonall

In consideration of a possible move to the Tucson area, I came across this report.

A few observations:

- the median price in 2019 is less than it was in 2006
- some areas are declining in value

I think I'll just consider renting.
No I think that's when you buy. Why wait until the prices start skyrocketing and yu have much less selection like what we are going through in the PNW? I'm definitely looking at buying something in Tucson soon.
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Old 06-08-2019, 08:10 AM
 
Location: Colorado Springs
6,457 posts, read 7,067,732 times
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Quote:
Originally Posted by Tall Traveler View Post
No I think that's when you buy. Why wait until the prices start skyrocketing and yu have much less selection like what we are going through in the PNW? I'm definitely looking at buying something in Tucson soon.
I'll bet Tucson has an abundance of houses bought new by retirees who prefer new houses but eventually pass away.

Their heirs are forced to sell.

As a result, the excess supply of used houses keeps prices from going up.
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Old 06-08-2019, 08:15 AM
 
7,893 posts, read 5,564,399 times
Reputation: 7649
Quote:
Originally Posted by Vision67 View Post
I'll bet Tucson has an abundance of houses bought new by retirees who prefer new houses but eventually pass away.

Their heirs are forced to sell.

As a result, the excess supply of used houses keeps prices from going up.
This would not explain trends at all. This is a very small part of the overall population
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Old 06-08-2019, 08:45 AM
 
Location: Southern Arizona
9,526 posts, read 28,977,185 times
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There will always be "Peaks and Valleys" in any market.

Go ahead . . . Rent for a year or two and then have all of those Rent Receipts mounted and framed.
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Old 06-08-2019, 10:29 AM
 
Location: Tucson
501 posts, read 714,935 times
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I see the prices rising dramatically. My place has nearly doubled in value since we purchased in 2015. It is a condo and we had always planned to buy a house when we finally moved here permanently but it is too late for that for us. Everything we like is out of our price range.
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Old 06-08-2019, 12:00 PM
 
Location: Phoenix
24,285 posts, read 13,393,795 times
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Quote:
Originally Posted by Vision67 View Post
I'll bet Tucson has an abundance of houses bought new by retirees who prefer new houses but eventually pass away.

Their heirs are forced to sell.

As a result, the excess supply of used houses keeps prices from going up.
I would agree that's a significant factor but the other factor is you have a large number of retirees looking to buy.
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Old 06-08-2019, 01:21 PM
 
Location: Phoenix
24,285 posts, read 13,393,795 times
Reputation: 20866
Quote:
Originally Posted by RobertaWa View Post
I see the prices rising dramatically. My place has nearly doubled in value since we purchased in 2015. It is a condo and we had always planned to buy a house when we finally moved here permanently but it is too late for that for us. Everything we like is out of our price range.
How do you like living there in Catalina Foothills I believe compared to where you lived previously?

We are considering buying something in Catalina Foothills to spend 6-8 months/yr in retirement with the rest in PNW. We had purchased a house in Maricopa for that purpose but now thinking about selling that and buying CF instead.
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Old 06-08-2019, 03:36 PM
 
Location: Tucson
501 posts, read 714,935 times
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We really love the foothills area. We live in a condo though because homes in this area are beyond our reach financially.

But our condo complex is quite lovely. There are two pools, two clubhouses, and tennis courts. It is less than a mile to the grocery store so we don't spend all day driving to the store. We lived in Boston before. And while I loved living and working there, after we retired we decided we needed to expand our horizons. We had no desire to move to Florida since I had already lived there previously in the 1970's and 80's.

Right now there are 13 or 14 places for sale in our condo complex. Many people are selling now because prices are getting so high. It is called Canyon View at Ventana. You can see listings here: Search - Tucson Townhomes and Condos | Walter Klein|

Let me know if you need any other info. You can always shoot me a message.
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Old 06-08-2019, 04:38 PM
 
Location: Phoenix
24,285 posts, read 13,393,795 times
Reputation: 20866
Quote:
Originally Posted by RobertaWa View Post
We really love the foothills area. We live in a condo though because homes in this area are beyond our reach financially.

But our condo complex is quite lovely. There are two pools, two clubhouses, and tennis courts. It is less than a mile to the grocery store so we don't spend all day driving to the store. We lived in Boston before. And while I loved living and working there, after we retired we decided we needed to expand our horizons. We had no desire to move to Florida since I had already lived there previously in the 1970's and 80's.

Right now there are 13 or 14 places for sale in our condo complex. Many people are selling now because prices are getting so high. It is called Canyon View at Ventana. You can see listings here: Search - Tucson Townhomes and Condos | Walter Klein|

Let me know if you need any other info. You can always shoot me a message.
Looks very nice. Maybe I'll have more questions later, we want a nice gym/yoga studio, bike trails, and access to things like groceries and shopping within a reasonable distance.
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