Peter DeLuca Tucson Real Estate

Rich culture, great food, low stress. Who wouldn’t want to call these affordable cities home?

Tucson, Arizona

Vibe: Latin culture embraces Native American spirit, cowboy grit, and Sunbelt growth

Population: 525,500

Median housing price: $155,500

Average commute: 24 minutes

Average number of sunny days: 286 per year

Most relaxing way to spend an afternoon: Enjoying the cool breezes and plentiful hiking in the Santa Catalina Mountains, just north of town

Simple fun for less than $10: Drinking a beer at the Hotel Congress, where famous criminal John Dillinger was nabbed back in 1934

Who knew?: The saguaro cacti that grow all over Tucson have an average life span of 150 years.

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Over the last twelve months, which of the top 5 real estate companies grew most in terms of percentage over the past twelve months and by what percentage?

Realty Executives Southern Arizona by 14% (13.9%)

Over the last twelve months, which of the top 5 real estate companies grew most in terms of number of units sold and by how many units?

Realty Executives Southern Arizona by 347 transactions.

The entire MLS shrank over the last year, but by how many transactions?

A Negative 1,639 transactions. So MLS was off an aggregate 1,639 units and Realty Executives Southern Arizona grew 347 closed units.

It’s starting to sound like a broken record but we keep getting more and more positive news about the housing market.

The National Association of Realtors reported that sales of previously owned homes increased at a faster-than-expected annual pace. Existing home sales increased at a 3.6% rate and had its third straight monthly gain.

This is the first time since early 2004 that we have had three straight months of increasing sales and points to the housing market continuing to heat up. They also reported that inventories of existing homes were down 0.7%. With inventories declining and home sales increasing, now is the time to jump into the market before these artificially low home prices are history

We still have a long way to go but the number show a positive sign that the Tucson real estate market is improving.   As the second half of 2009 approaches, we have seen that June closed out the first half with record breaking numbers.   Home sales volume was up over May by 14.63%, average sales price was up by 3.06%, pending contracts were up by 9.98%, home sale units were up by 11.23%.  There was also a decrease in active listings by 3.77%.    With the first six months behind us, we can take a realistic view of the absorption of inventory which has moved in a positive direction since January with June bumping that number up to 22.9%.

We are looking foward to the second half 2009 with high hopes of the continued trend of recovery.   View complete June 2009 MLS statistics.

Tucson is tops!!

Had you been planning on a comfortable retirement until the economic downturn scrambled your nest egg? Do you think that you won’t be able to find that cozy retirement home on the beach or golf course that you had once had your heart set on? Well, it might not be as bad as all that. With home prices falling in some of Americas best retirement home destinations, this is a great time to find deals. But you need to know where to look.

Tucson, home of the University of Arizona, is a scenic, affordable place to retire. It is surrounded by mountains and the dry beauty of the Sonoran desert. It has its own airport, just six miles from downtown Tucson, more than 100 parks, a good public transportation system, and plenty of public and private golf courses. The university and University Medical Center are among of the state’s largest employers.

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