Tucson Condo Market - Summer 2007
August 2, 2007
Post Tags: Boulder-Canyon-at-La-Reserve , Campus-Walk-Condominiums , Greens-at-Ventana-Canyon , Pacita-Escondida , Pinnacle-Canyon , Skyline-Villas , The-Villas-at-Sabino-Canyon , Tucson-Condo-Conversions , Tucson-Condo-Market-Summer-2007 , Tucson-Condos , Veranda-at-Ventana , Villas-at-Hacienda-Del-Sol
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Last October I wrote about the condition of the Tucson Condo Market in the post Tucson Condo Market Fall 2006. We decided it was time to find out what is happening in the Tucson Condo Market this summer of 2007. Here is the breakdown of 9 condo conversion projects and basic information on:
- Total Units,
- Sold Units,
- Available Units,
- HOA Fees,
- Incentives,
In no particular order.
Skyline Villas
The Skyline Villas are located on Campbell Avenue in the North Catalina Foothills directly behind the La Encatada Shopping Center. It is a straight shot down Campbell Ave. to the U of A campus. There are a total of 168 Units 97 are sold. This is a great place for those wanting privacy and the beauty of the Catalina Foothills with easy access to dining, shopping and the U of A campus.
Villas at Hacienda Del Sol
These condos are located at River Rd. and Hacienda Del Sol. There are 218 Units total 80 sold. They have lofts and garages in a Gated community setting. The HOA is $125 a month. Current incentive: “Live Free for 6 months or Save 10K on the price of the condo.” They would like to be Hacienda Del Sold.
Veranda at Ventana Canyon
The Veranda at Ventana Canyon Condos are 55 - 60% sold out with a total of 408 units. The HOA breaks down by bedrooms 1 br $172 mo., 2 br $188 mo., 3 br $198 mo. They are offering as of this writing a 3% buyers incentive. There are no garages available.
Pinnacle Canyon
Pinnacle Canyon is in the Ventana Canyon area and opened in the Fall of 2005. There are only 8 one bedroom units left at $135,000 at this writing.
The HOA is $117 mo. There are no garages.
The Villas at Sabino Canyon
This project is also in the Ventana Canyon area. They opened in the fall of 2006. There are 144 Total Units, 87 units are available. There are not garages. The HOA is $125 mo.
Greens at Ventana Canyon
The Greens were just opening in the Fall of 2006. There are 265 Total Units. Phase 1 has 50 available units. Phase 2 will start in January 08 when the tenants move out. Phase 2 units are available for purchase but nothing can be done to renovate the units till January 08. The HOA is $175 mo. There are no garages.
Campus Walk Condominiums
The Campus Walk Condominiums are located within easy walking distance to the U of A Campus. They have 9 Units left ranging in price from $230,000 - $260,000. The HOA is $197 mo.
These units were originally the Arizona Commons.
There is a post with pictures of the units both upgraded and standard features. Here is the post for Campus Walk Condominiums with Photos.
Palcita Escondida
Placita Escondida is a new construction condo project in Tucson. It is located at River and Campbell close to shopping and the U of A. We will have a complete post with pictures soon. Here is a quick summary.
- 17 buildings
- 204 units
- Community Pool
- 735 sq. ft. (approx.) 1 Bed, 1 Bath
- 1033 sq. ft. (approx) 2 Bed, 2 Bath
There are 24 units in the first phase 18 are sold 6 remain. 1 car garages available for $28,000. The HOA is $139 mo.
Boulder Canyon at La Reserve
The Boulders at La Reserve are located in Oro Valley. They opened in early 2006. They have 18 units available now at the close of Phase 1. There are 12 garages available at this time. The HOA is $141 mo.
This is the Tucson Condo Market Summary for Summer 2007. We will be providing updates on some of these individual projects in the coming weeks with more detailed information. While sales volume is not what it was last year there are still steady sales reported at most of the condominium projects around Tucson.
If there are any questions please feel free to contact us and we will get the answers and get back to you as soon as possible.
