You are currently browsing the Tucson Luxury Homes weblog archives for the day August 14, 2007.
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Archive for August 14, 2007
July Market Stats and my Observations of the Market
August 14, 2007 by Donna Anderson.
Tucson Multiple Listing Service has published its July stats. The number of sales YTD in North Tucson is down about 25% from last year at this time. The number of new listings is about 3.5% less than this time last year.
I always keep up with the market and am constantly previewing new listings and am amazed that in this market (with so many homes for buyers to chose from), that houses are not staged better. Many have too much furniture which makes the house look small or have too many personal pictures everywhere. When there are too many personal pictures, it is hard for a buyer to imagine themselves living in the house. More than a few are priced too high. I always wonder if their agent is not giving them good advice or if they stubbornly do not listen to the advice their agents give them.
It is apparent that the market is not real poor for Sellers, but they really have to make the effort to make their houses, inside and out look as good as possible to stand out from the crowd.
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How the Sub-Prime Lending Market Debackle Affects the Tucson Foothills Luxury Home Market
August 14, 2007 by Donna Anderson.
The subprime market debackle has little or no affect on the Foothills market. Most buyers in the Foothills have good credit scores and put a minimum of 10% down. So although you will hear a lot of negativity about the huge affect this situation has on the marketplace, we are lucky enough not to be very affected.
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