Attune to location, location location, is pri$e, pri$e, pri$e. The Tucson real estate market is overwhelmed with overpriced homes. Two examples, first is a home I showed my clients yesterday. Lovely homes, well maintained, great location. Everything in this gated community in Oro Valley is selling for an average of $153 a square foot with a low of $136 and a high of $162. OK, square footage is not the gospel, but, it is a good bench mark to start with. The seller is asking $242 a square foot.
Second home, again in Oro Valley. The seller is asking $254 per square foot. Average sales have been $181 per square foot with a high of $197 and low of $172. Wonder why is has been on the market for over 280 days? The sad thing is the owner and seller is a real estate agent. Read the rest of this entry »
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