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Fifty-two Foothills Homes are Under Contract for 379K and Over
Posted By Donna Anderson On February 7, 2009 @ 11:51 pm In Foothills Luxury Homes | No Comments
Although there are 90 homes under contract in the prime Tucson Foothills zip codes of 85750 and 85718, only 52 of them have a list price of $379,000 and over. Many of the lower- priced homes (under 379K) are condos. Every price range is represented except the $800K - 1 million price range which only reveals one sale; this is quite unusual and maybe just an anomaly. This demands a close watch in the months to come and could mean that the typical Foothills move-up market is pretty dead at the present time. There are 10 homes that are priced over 1 million that are under contract and 14 homes that are priced from 379K - 450K that have also joined the successful sales ranks. Apparently the high-end buyers and the first-time home buyers are still very attracted to the Foothills. First time home buyers usually find the number one attraction is the top-ranked schools, and the high-end buyers find the Foothills has a magnetic charm with remarkable beauty, fresh air, and fantastic climate that is affordable compared to Scottsdale, San Diego, and Naples, etc.
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