Tucson Luxury Real Estate – State of the Market Update – May 2014

If you are in the market to buy or sell Tucson Luxury Real Estate, it’s important for you to understand how the real estate market is currently performing as a whole at a national level.

Across the nation, home sales activity was at an annual pace of 4.6 million with a median home price of $198,000. Home prices are up 5.4% from last month and 7.7% from last year. The average national rate on a 30-year fixed-rate loan increased slightly to 4.33%.

Now, we can look at Tucson luxury real estate specifically. According to a recent local real estate report, in the Tucson Luxury area, April 2014 active inventory was 297, a 27% increase from April 2013. There were 9 closings in April 2014, a 10% decrease from April 2013.

Additionally, months of Inventory was 27.7, up from 23.3 in April 2013. Median price of sold homes was $965,000 for the month of April 2014, down 14% from April 2013. The Tucson Luxury area had 15 new properties under contract in April 2014, down 42% from April 2013.

Are you looking for tips on the best ways to sell your home? According to recent research, spending an average of $250 on staging a $250,000 house can result in a sold-price of almost 2% higher, which is a return-on-investment of over $3,000. Since only 1 out of 3 home sellers stage their house, the other 2 are leaving money on the table. To learn more about what staging your house can do for you, talk to your real estate professional.

For those of you looking for tips and tricks on how to find the best Arizona Luxury Real Estate to buy, we have some pointers for you. First, check with your agent and ask them if they know of any homes that are about to hit the market. Perhaps they have heard through colleagues and other clients. This can be a great way to find luxury properties and get a step ahead of the game. It is important to make profits or wise investment, you have to take early advantage gain or else you might be sobering about ruined chances.

Next, spend some time visiting each of the luxury neighborhoods in Tucson, such as Dove Mountain and Catalina Foothills. Check out the restaurants, shopping, and other attractions in the area to get a feel for what you like best. Then check the websites for the different gated communities within those neighborhoods to get more information on houses and prices. This will allow you know more about that area and you would be in better position to make a decision.

For example, The Residences at The Ritz-Carlton Dove Mountain is one of the best luxury communities in Tucson. There are some homes for re-sale in this gated neighborhood, and there are also options for buyers to purchase estate homesites and new custom homes. For more information, visit http://theresidencesdovemountain.com/.

Finally, always have your future home inspected by a professional to ensure it does not have any issues in the foundation or anywhere else. Happy house hunting!

Tucson Luxury Real Estate Market Update Spring 2014

The real estate market has been consistently improving over the past two years. In fact, the luxury market in particularly has seen extraordinary growth. People are selling, home values are increasing, and buyers can still find great deals and interest rates on high-quality homes.

Don’t believe us? Just look at these statistics coming out of the Dove Mountain neighbourhood near Tucson, Arizona.

In the Dove Mountain area, February 2014 active inventory was 144, a 14% increase from February 2013. There were 5 closings in February 2014, a 71% decrease from February 2013. Months of Inventory were 28.8, up from 7.4 in February 2013. Median price of sold homes was $251,000 for the month of February 2014, up 15% from February 2013. The Dove Mountain area had 25 new properties under contract in February 2014, up 47% from February 2013.

Dove Mountain is home to some of the most sought after properties in the southwest, such as The Residences at The Ritz-Carlton, Dove Mountain. This gated Tucson luxury real estate community offers homeowners the best of the best, with amenities that you just can’t find in other Tucson luxury homes.

For example, those fortunate enough to live in The Residences Dove Mountain have access to The Ritz-Carlton hotel spa and three restaurants, as well as several resort pools and, of course, the unparalleled Jack Nicklaus Signature Golf course. For those looking to get out into nature and away from civilization, there are over 25 miles of trails for hiking, biking, and horseback riding. So if you are looking for all these things, you can get your share of this living in Arizona luxury real estate market. All you need is to have access to those listings where you get dream living style come true at a fraction of cost.

As if the amenities aren’t enough, families that live in The Residences get to choose from stellar custom home floor plans and/or exclusive estate homesites. Just imagine having the opportunity to choose your property and work with a team of designers to build a house that’s uniquely built just for you. As real estate prices aren’t much here, you can get better options at fraction of prices when you compare the prices elsewhere nationwide. But the prices aren’t going to stay where they are currently for a long time. Many experts believe that this is best time to invest in Tucson luxury real estate.

The real estate market has ups and downs just like any market. If you’re interested in buying, it’s best to act now while the luxury real estate market is strong and thriving. Plus, the estate homesites available at The Residences are selling out quickly – don’t miss your chance to be a part of this exclusive luxury community. As said earlier, this is best time if you want to make investment in lucrative Arizona luxury real estate market or else in short span of time you would be ruining the chances and opportunities you lost to make profitable investments and missing huge profits which could have been yours.

Tucson, Luxury Arizona Real Estate– Ideal for Families Focused on Health and Wellness

Bustling cities like Los Angeles and New York City have their perks, but many residents end up moving away due to the high levels of stress and many other unhealthy factors that come into play when living in a big city. Today, many families want to live in an area where it’s easy to focus on health and wellness. This is a growing trend and fuelled by a reaction to all the unhealthy aspects of the fast-paced city life, from the hassles of commuting to the high-cost of living to and overall exhaustion. In today’s hectic life, everyone wants to spend some time at a calm and serene location which they call it home. The only viable option left is to look for cities like Phoenix and other nearby areas which have all the modern luxuries along with best living environment but at a right price.

All of these factors are leading many people to make lifestyle changes and take more responsibility for maintaining their own health. Yoga, meditation, and general mindfulness is quickly replacing yesterday’s 24-hour gyms and go-go-go mentality. As a result, families want to find peaceful towns and communities that put wellness first and have a relaxing atmosphere to them. This not only energize everyone but also influences their lifestyle and they are able to cope stressful life in much better manner.

Tucson is one such town with plenty of luxury real estate to choose from. Surrounded by quiet desert mountains, Tucson is well known for its tranquil spas and resorts that offer rejuvenating massages, yoga classes, and more. Additionally, many residents shop at Farmer’s Markets for locally-sourced, organic food. Tucson is also easy to navigate, does not have traffic like LA, and has a relatively low cost of living compared to most major cities. So most of people are migrating to Tucson and nearby areas, Luxury Arizona Real Estate. This is primary reason which is driving the demand of properties in this region.

These are some of the main reason why people choose to make Tucson home. Plus, there are many unique neighbourhoods all offering their own charm so that it’s not difficult to find one that resonates with you and your family. From the Catalina Foothills to Oro Valley and everywhere in between, you can find Tucson homes currently for sale. The key is choosing the neighbourhood and home that’s right for you.

One of the best Tucson, Arizona Luxury Real Estate communities is without a doubt The Residences at The Ritz-Carlton, Dove Mountain. Homeowners gain access to all Ritz-Carlton hotel and spa amenities upon ownership, and can enjoy things like massages, yoga, and personal training whenever they wish.

The Tucson, Luxury Arizona Real Estate community offers peace and quiet, as well as over 25 miles of hiking and biking trains to ensure you never run out of space to breathe.

Families can choose to purchase estate home sites if they wish to build their home from scratch from the ground up, or there are also 8 custom home plans to choose from.

Tucson and Luxury Arizona Real Estate Market 2014 Forecast

The Tucson luxury real estate market has seen its ups and downs just like the rest of the country over the past few years. Overall, the country’s housing market has been steadily improving and we seem to have successfully pulled ourselves out of the crisis we were in a few years ago. A growing number of people in the US are ready to purchase a new piece of high-end residential real estate, and Tucson is among one of the hottest luxury markets in the country today. Favourable location and prices makes Luxury Arizona Real Estate market a lucrative opportunity for buyers and sellers. Everyone wants to get his slice of profit by dealing in highly dynamic, active Arizona Luxury Real Estate.

So what’s in-store for the Tucson and Luxury Arizona Real Estate market in 2014? Let’s take a look.

According to a recent report, luxury active inventory in the Tucson area was up 21% year-over-year in January 2014. This means more people are listing Tucson luxury homes for sale than in the previous year, an indication that the market is strong and not likely to head back south anytime soon.

Additionally, the median price of sold luxury homes in Tucson in January 2014 was $1,154,500, up 34% from January 2013. This indicates that overall home values are on the rise. Also, mortgage rates are still fairly reasonable so if you’re in the market to buy or sell in the Tucson area right now it’s a great time to act.

Note: This report includes data for Tucson residential luxury real estate properties priced $800,000 and above. This might be slightly inaccurate for homes which are priced below the cut off value.

However, if none of the houses you’ve found so far have fit your fancy, you may want to consider some other options, such as estate homesites and custom homes. The Residences at The Ritz-Carlton, Dove Mountain is a luxury community that offers homeowners’ estate-sized custom homesites for those who prefer to build a luxury Tucson home. The custom estate homesites occupy some of the most picturesque real estate in Dove Mountain, with sweeping views of towering saguaros and breathtaking mountainsides. This is one of the reasons why prices in Luxury Arizona Real Estate and Tucson are spiraling northwards and the real estate market here has picked up far better than rest of nation.

One of the best parts of this luxury golf community is the fact that it is quietly nestled into the foothills of the Tortolita Mountains but still remains a short-drive to downtown Tucson, offering homeowners easy access to city amenities like shopping and dining. Also, homeowners at The Residences gain access to The Ritz-Carlton hotel and spa amenities as well as its concierge services to help with things like dry cleaning and yard maintenance. So all this makes living here a pleasurable experience.

Trends in Luxury Real Estate in Arizona

The Tucson luxury real estate market and the Arizona housing market in general has been in recovery for 2 years. If you’re in the market looking to buy or sell a home, there are a couple of important trends to pay attention to.

A shortage of properties for sale:
It’s a seller’s market right now, meaning that buyer demand has increased at a faster pace than new properties coming on the market for sale. In these conditions, buyers looking to purchase a piece of Luxury Real Estate in Arizona can face increased competition from other interested buyers, and may even encounter multiple bid situations. This is the reason why pricing are heading north because more and more investors are getting interested in Arizona real estate market.
It’s best to stay up to date on market conditions, particularly the months of inventory currently available each month and year. For example, in 2012, the Tucson metro area had on average about 3 months of inventory available. In 2013, this number moved up to about 4.5 months of inventory. This indicates the market is becoming more balanced over time. The balance of supply and demand is reflected by taking into account current inventory levels as well as the rate of home sales. Thus, there are few reasons to worry about and lot more positives that things are getting back to where they were in pre-2008 levels.

Increase in sales prices:
The second trend to focus on when deciding to buy or sell Tucson luxury real estate is increases in sales prices. It’s natural to see an increase in sales prices when there is a reduced amount of inventory available to buyers and a higher rate of demand. It’s important to remember that a rise in home values is a good thing, as it helps to stabilize the market. In some cases, it also can help current homeowners who have been underwater on their homes get back to a positive equity position in their property. As things are getting back to normal everyone is finding prices of Luxury Real Estate in Arizona increasing on month-on-month basis and definitely you being an investor or potential home owner would hate to miss the bus.
If you’re currently in the market looking to buy a luxury home, The Residences at The Ritz-Carlton, Dove Mountain provides homeowners with beautiful and secluded desert mountain surroundings as well as exclusive access to The Ritz-Carlton spa, golf club and world-famous Jack Nicklaus golf course. The neighbourhood is located close enough to the city conveniences of Tucson, but far enough away from the city for homeowners to relax in the peace and quiet of their luxury home.

Though it really depends on your budget and taste but everyone here gets something in their budget. So you don’t worry and make a profitable investment in Arizona real estate market. Either you are looking to buy a new property or selling your existing one this is the best time as prices as well as demand is well balanced.

Tucson Luxury Real Estate Market Update - December 2013

If you’re interested in purchasing Tucson Luxury Real Estate, either for a new home or an investment, now is the time to buy. The latest statistics on the Tucson luxury real estate market show that buyers are confident and banks are lending.

According to Long Realty’s luxury housing report:

1)    November 2013 luxury active inventory was up 14% from November 2012
2)    Tucson luxury real estate closings were up 67% year over year
3)    Months of inventory was down approximately 29% from November 2012
However, we’re not completely out of the water yet. The following statistics show that we still have some improvement to make in the Tucson luxury real estate market:
4)    In 2013, approximately 10% of Tucson luxury home sales were distressed (bank owned or short sales), up from 5% in 2012.
5)    Median price of sold homes was $872,000 for the month of November 2013, down 18% from November 2012.
6)    The number of luxury properties under contract in November 2013 was virtually unchanged from November 2012.

All this shows that interest of people coming back in luxury Arizona real estate market and as economic outlook becomes positive, kicks will kick off suddenly. As an investor you won’t like to miss the buzz and regret later on. Additionally, mortgage rates have remained consistent with very little fluctuations over the past several months, and lenders are being more lenient with buyer down-payments and credit scores. Again this indicates that the market is much improved than last year overall. With time, analysts predict the market will continue to improve and lenders will continue to play nice with buyers.

There are many options to choose from when considering Luxury Arizona Real Estate. With many luxury communities and neighbourhoods located in the foothills of the surrounding mountains, it’s easy to find a home with nearby hiking and biking trails as well as privacy and beautiful desert landscapes. However, it’s not easy to find a piece of Tucson luxury real estate that also comes with added perks like golf club membership and access to Ritz-Carlton hotel amenities including a world-class spa. The Residences at The Ritz-Carlton, Dove Mountain is the only luxury community in Tucson where homeowners get these fabulous perks, plus they can build a custom home on their very own estate-sized home-site or choose from 8 beautifully designed floor plans. So it is entirely up to your choices as well as budget which will decide choices you are going to make but the best time is now when things are again gathering steam.

You may be thinking, why not choose Scottsdale luxury real estate instead? Tucson has cooler weather and more rainfall than Scottsdale, but still sees more than 350 days of sunshine each year. The city has just as many upscale shops and fine dining options, with less crowds than Scottsdale. All these things make it an ideal and warm place to live. You will never regret your decision of making an investment in luxury Arizona real estate market if you love bright and sunny days.