Half and Half – what’s the first thing that comes to mind when you hear that? Some think of coffee – I think “wonder what kind of yummy dessert I could turn it in to!”
But this morning I was thinking about the Tucson real estate market – in particular – the Tucson real estate market on the northeast Tanque Verde Valley area of Tucson.
We are just a little over halfway through the year 2012, and living in northeast Tucson, I’ve noticed many more “for sale” signs going up in the past few months. With that comes to mind, “Is it bank owned or a regular sale?”
Interestingly enough, half way through 2012, the number of bank owned homes that sold on Tucson’s northeast side vs. the number of “regular” homes sold – is about half and half!
And what did the market look like halfway through last year? Well – about the same – half and half!
Now what about northeast Tucson home prices? From January 2012 – July 2012 here are the numbers:
Average List Price: $ 311,722
Average Sold Price: $ 298,582
Average DOMs: 88
Lowest Price Sold: $ 85,600
Highest Price Sold: $1.4 million
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