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Southeast Tucson and Vail Arizona Real Estate Market Report: December 2008

By
Real Estate Agent with Keller Williams Southern Arizona

Southeast Tucson and Vail Arizona Real Estate Market Report: December 2008

Despite the decline in value across this zip code area, the home sales quantity is consistent with 2007. This is great news because the real numbers tell a different story than what the media has been saying for the last few months.  In addition, mortgage markets have caused a drop in interest rates which has brought buyers back looking for a new home and the great deals that are available. 

Sellers are not as bad off as everyone seems to think, especially if you're looking to replace your existing home with another home here in the Old Pueblo or anywhere for that matter. Think about it for a moment. Let's say you sell a home for $200,000 today that was worth $250,000 at the peak of the market. but you turn around a buy a larger, more desireable home for $290,000 that at the peak of the market was worth $360.000. Even if you're downsizing the same holds true, because your dollar is able to get more for less money. Unless you owe you're home free and clear, the only loss taken was on paper.

Tucson, Vail AZ December 2008 Real Estate Stats

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The information above was written by Kevin Wood of Realty Executives. Kevin can be reached via email at Kwood@gotucson.com or 520.260.3123. Kevin has helped people move in and out of Tucson for nearly 4 years. In his previous career he represented Honda Automobile Corporation for 10 years and was among the top 5% of all sales consultants nationwide for customer satisfaction and and volume.  Kevin's office is conveniently located on Kolb Road just south of Tanque Verde. 

 

Comments (2)

Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Kevin,

This is great news because...  This is what sets your reporting apart from the cut and paste crowd who regurgitate MLS charts.  You're an investigative reporter with a great attitude!

Mike in Tucson

Jan 20, 2009 08:22 PM
The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Kevin... I agree with Mike !  It is taking the data and having insight on the future in terms of the trends and navigating through it to help out the respective clients !  Looks like the data for 2008 in terms of activity was not that bad !!

Feb 02, 2009 12:57 PM