March 2013 Residential Real Estate Market Report-Sales and Rentals

March 2013 Residential Real Estate Market Report-Sales and Rentals

Sales Results:

1329 residential homes, condo's and townhomes sold last month which was down from 1387 last March.

The average listing price of properties that sold was $198,009 last month.

The average listing price of properties that sold was $171,723 in March 2012.

All types of properties sold for 97% of asking price this past month compared to selling for 98% of asking price last year. Good to see homes that are priced right sell fastest.

The average selling price citywide last month was $191,881 while it was $168,153 last month.

Active listings rose slightly to 4210 last month compared to 4168 a year ago. Yet another sign the quantity of housing inventory is consistent.

Days on market was 58 on average last month compared to 73 last March. And 2712 new listings entered the market last month and 2777 did last year for the same month.

The highlight of the current market is stability. We haven't experienced big swings in inventory for nearly 18 months. This is a sign the banks are slowly running out of foreclosures that feed into our market and others across the country.

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March Rental Activity:

 Total Active listings for February were 886.

 The number of properties rented this month was 377.

 The Average monthly rent for Apartments was $550.

 The Average monthly rent for Condominiums was $935.

 The Average monthly rent for Mobile Homes was $607.

 The Average monthly rent for Manufactured Single Family Residence’s was $796.

 The Average monthly rent for Patio Homes was $1,110.

 The Average monthly rent for Plex’s was $635.

 The Average monthly rent for Single Family Residence’s was $1,188.

 The Average monthly rent for Townhomes was $894.

 Average Days on Market was 50.

All sales and rental statistics courtesy of the Tucson Multiple Listing service.

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Thinking of buying, selling, or renting a home in the Tucson Area? I welcome the opportunity to serve and be resource to you.

I'm Kevin Wood of Keller Williams Realty, and I'm the author of this post. You can reach me through email at Kevin@LiveHereTucson.com , 520.260.3123, or visit LiveHereAz.com . Thanks again for visiting. 

Vail and Corona de Tucson, Arizona Real Estate Market Report: March 2013

Vail and Corona de Tucson, Arizona Real Estate Market Report: March 2013
April 2013 Forecast-
For the second month in a row 108 homes went under contract in Vail and Corona (85641). The average list price for homes that went under contract was $219,647.  The average time on market for these homes was 68 days. 


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March Sales Activity:

47 homes sold last month in this  town southeast of Tucson which was 23 less than March 2012.

The average list price for homes that closed in this area for March 2013 was 233,387.
The average list price for houses that sold in March 2012 was $183,541.                                  

Houses that closed in this area for last month sold for 99.1% of asking price.
Houses that closed in this area for March 2012 sold for 97.2% of asking price

The average Sales price for homes that closed in Vail and Corona was $231,190 last month.
The average Sales price for homes that closed last year in this same area was $178,466 during March of 2012.

The average Market time for homes that closed here was 94 days last month.
The average Market time for homes that closed here was 112 days in March 2012.

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___________________________________________________________________________________

Thinking of buying or selling a home in the Vail, Corona de Tucson, or the Greater Tucson Area?  I welcome the opportunity to serve you.

I'm Kevin Wood of Keller Williams Realty, and I'm the author of this post. You can reach me through email at Kevin@LiveHereTucson.com , 520.260.3123, or visit LiveHereAz.com . Thanks again for visiting.

Rita Ranch: Tucson, Arizona Market Report for March 2013

Rita Ranch in Tucson, Arizona Market Report for March 2013 April 2013 Forecast-
76  homes went under contract in Rita Ranch (85747)  last month. The average list price for homes that went under contract was $156,740.   The average time on market for these homes was 47 days.


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March 2013 Sales Activity:

18 homes sold last month in this community in Southeast Tucson which was six less than last March.

The average list price for homes that closed in this area for March 2013 was $160,028.
The average list price for houses that sold in March 2012 was $136,004.
                                
Houses that closed in this area last month sold for 98.9% of asking price.
Houses that closed in this area for March 2012 sold for 97.8% of asking price.

Average time on Market last month was just 45 days compared to 60 a year ago March.

Photo Courtesy of Zipcodemap.net

Be a Market Insider

___________________________________________________________________________________

Thinking of buying or selling a home in Rita Ranch or the Greater Tucson Area? I welcome the opportunity to serve you.

I'm Kevin Wood of Keller Williams Realty, and I'm the author of this post. You can reach me through email at Kevin@LiveHereTucson.com , 520.260.3123, or visit my website at LiveHereAz.com . Thank you again for visiting.

Civano, Mesquite Ranch, and Sierra Morado Report for March 2013

April 2013 Forecast-25 homes went under contract in these three neighboring communities last month. The average list price for homes that went under contract was $173,516.  The average time on market for these homes was 31 days.

7 homes sold last month in this southeast side area of Tucson which was 8 less than March 2012.

The average list price for homes that closed last month in these communities was $240,383.
The average list price for houses that closed in March 2012 was $199,241.                                  

Houses that closed in this area last month sold for 99.3% of asking price.
Houses that closed in this area last year March sold for 97.36% of asking price

The average Sales price for homes that closed was $238,799 last month.
The average Sales price for homes that closed last year March was $194,732.

The average Market time for homes that closed here was 108 days last month.
The average Market time for homes that closed here was 130 days in March of 2012.

Be a Market Insider

___________________________________________________________________________________

Thinking of buying or selling a home in Civano, Mesquite Ranch, Sierra Morado or the Tucson Area? I welcome the opportunity to serve you.

I'm Kevin Wood of Keller Williams Realty, and I'm the author of this post. If you'd like to reach me please email, call, or find me online at  Kevin@LiveHereTucson.com , 520.260.3123, or LiveHereAz.com. Thank you.