Archive for June, 2007
Tucson Testing the Sand
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!I know it is usually called testing the waters. Here in Tucson there is talk all the time about conserving water so I called this practice testing the sand.
It is hot enough in Tucson in the summer that you [...]
The Rabbit in the Moon on a Hot Day in June
I stepped out to get the mail and give my eyes a break from the computer and saw the moon shining bright in the full light of day.
I have often tried to show people the rabbit in the moon, but have been unsuccessful in describing it in enough detail for anyone to make out the [...]
Tucson Home Sellers The Big Gamble
Rolling the Dice
Rolling the dice is only fun in games of chance when you don’t care if you win or lose. Rolling the dice in real life can be very risky especially when you decided to roll the dice and take a chance with what is probably the largest investment you have.
It is amazing how [...]
Tucson Real Estate Establishing Asking Price
Tucson Homes Canoes and Submarines
The Tucson Real Estate Market has seen some huge turns in the past two years. It had a huge run up in 05 continued into the third quarter of 06 and then headed in a steady downward direction for asking price.
The sales prices continued to climb at a fairly steady [...]
Tucson Real Estate Absorption Rates May 2007
Absorption Rates for April and May 2007
Tucson Real Estate Market
Area
May Listed
May
Sold
May
AR
Apr Listed
Apr
sold
Apr
AR
Sold YTD
N
820
115
7.13
851
103
8.26
502
NE
462
66
7.00
471
61
7.72
302
NW
2617
323
8.10
2668
316
8.44
1457
XNW
113
13
8.69
111
15
7.40
72
C
1349
220
6.13
1325
205
6.46
937
E
553
97
5.70
560
71
7.89
411
S
561
111
5.05
557
107
5.21
437
SE
890
134
6.64
881
108
8.16
569
SW
736
67
10.98
731
63
11.60
345
XSW
315
23
13.69
319
38
8.39
149
XS
695
74
9.39
686
69
9.94
322
W
533
59
9.03
482
63
7.65
308
XW
69
11
6.27
75
8
9.38
42
9,721
1313
7.40
9,717
1227
8.07
Absorption rates are something we just started reporting. It is calculated by taking the number of Active Listings on the market in a given area. Dividing it by the number of homes sold in that area to determine the number of month it [...]
Tucson MLS Statistical Reports Change
Tucson MLS Data Gets Better The Reporting Gets Worse
The basis for the Tucson MLS Statistical reporting has changed. Starting with the May 2007 Statistics only the areas which are a part of Tucson will be included in the figures.
This is a great move. The outlying counties and even listing figures from Mexico have been included in [...]
Tucson MLS Total Units Sold
Redacting History
George Orwell in his book “1984″ portrayed a society with a department of government whose only function was to go back and change all publications to reflect the current political climate.
Sometimes changes to numbers need to be made for purposes of correction. When corrections to data are made it is customary to [...]
Tucson MLS Statistics for May 2007
The numbers are in for May and it wasn’t the static month April turned out to be. In April I compared the Tucson MLS Statistics to getting Socks at Christmas. The market seemed to take a pause with little change. May was a different story.
Tucson MLS Statistics Apr 07 – May 07 Summary
Category
Apr
2007
May
2007
Diff.
Avg. [...]
Tucson Home Loan Interest Rates Climb
For some time now we have heard it is a buyers market in Tucson. The one warning sounded to many buyers that keep waiting for asking prices to come down further has been the other side of the balance scale, home loan interest rates.
While asking prices continue to decline slowly, sale prices are stable and [...]
Tucson Real Estate Absorption Rates April 2007
Absorption Rates for Tucson Real Estate Market
April 2007 and YTD
Area
Active Listings
Sold
1 mo
AR
1 mo
Sold YTD
AR YTD
N
851
103
8.26
375
9.08
NE
471
61
7.72
238
7.92
NW
2668
316
8.44
1122
9.51
XNW
111
15
7.40
57
7.79
C
1325
205
6.46
702
7.55
E
560
71
7.89
311
7.20
S
557
107
5.21
322
6.92
SE
881
108
8.16
426
8.27
SW
731
63
11.60
272
10.75
XSW
319
38
8.39
125
10.21
XS
686
69
9.94
246
11.15
W
482
63
7.65
243
7.93
XW
75
8
9.38
30
10.00
PE
12
1
12.00
PS
29
5
5.80
CCO
316
30
10.53
CPI
100
11
9.09
CSC
154
9
17.11
10328
1280
8.07
X designates extended Ex. XS=Extended South
PE Pinal County East
PS Pinal County South
CCO Cochise County
CPI Pinal County
CSC Santa Cruz County
The shortest months supply is in the South with 5.21 months inventory.
The highest is the Southwest with 11.60 months supply.
Since the April data [...]
Tucson Housing First Quarter 2007 Cost of Living Report
From the Tucson Association of Realtors weekly newsletter.
First Quarter 2007 Cost of Living Report
The Council for Community and Economic Research has recently released the ACCRA Cost of Living Index for the first quarter of 2007. The cost of living in Tucson is slightly higher than the national average (100.4 versus an average of 100), with [...]
Tucson Absorption Rates vs Day On Market
Absorption Rates
Jonathan Dalton in Phoenix is the first place I heard of the term Absorption Rate. His latest post is a good example Phoenix Real Estate Inventory as of June 5.
Recently a similar term has been used around our office “Days of Inventory” How many days would it take to sell off all [...]
