Thursday, 24 April 2014

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.