Oklahoma MLS.
We get asked every week is it time to buy a home in the Tucson and surrounding areas of Oro Valley, Marana and Vail. We thought that we would give some insight into the current home sales statistics, the amount of homes for sale, and current real estate news that affects current home sales in the Tucson area.

Without a crystal ball it is very difficult to predict whether Tucson is actually at the bottom of the market. There are many factors that affect different aspects of the market including national economic news, and it is of note that some areas of the real estate market are performing better than others.

Undoubtedly the first time home buyer tax credit of $8,000 given by the current administration for sales recorded in November 2009, has helped with sales in the $100,000 and $200,000 prices range, together with a good amount of foreclosures and short sales in this price range in some areas of Tucson.

It has also been a while coming, but we are now seeing a decrease in pricing in the Tucson luxury home market, as builders, who had sat with spec homes notes became due, and homeowners who decided that they wanted to sell, reduced their home pricing. This has resulted in some activity in the market. Notably and recently, we have seen all but one of the Parade of Homes go back to the Bank. Bank of Oklahoma will probably sit on the investment until the market changes, so current news suggests. The new Ritz Carlton Resort in Marana is due to open in the Fall, and this will help bring the Luxury home buyer to the Tucson and Marana Real Estate market. There are however currently good deals to be had in the Tucson Luxury Home Market. We recently Listed and Sold a home that had originally been a Street of Dreams Home. It was advertised close to $2,000,000 and just sold for $1,250,000 It was the lowest priced sale in Stone Canyon, a Gated Luxury home Community in Oro Valley.

So if you are a Buyer then we feel that it is an excellent time to buy a home. Rates are on the rise, this may limit the Buyer’s ability to get financing for the home of their dreams in the long run. However, even with the slight raise in interest rates to around 5.5% the rates are still very low for a fixed rate mortgage, and one can buy a nice Tucson az Homes with with either FHA, VA or Conventional Financing options.

Some areas of Tucson have actually seen a slight increase in price as they bottomed early with many investors defaulting from the boom of 2005, and now multiple offers have been made on the foreclosure properties in the area. Two of these areas are Continental Ranch and the other Rita Ranch. Both areas benefit from their popularity with employers from Raytheon and also Davis Monthan Air Force Base, stable job areas that have always been popular with employees because of their proximity to the freeway and the shopping conveniences that are present there.

According to recent Tucson MLS May Statistics, it shows that the Tucson Listing inventory continues to drop, closings actually went up about 60 units from April, pending sales were down 42 units from April, and the median home sales price has increased 3.72%.

Tucson is not seeing the dramatic drops of last year 2009. Over a six month period, we will be able to show a quantitative graph that measures inventory against new sales. The numbers have been drawing closer since January of this year, which some Economists suggest equals a trend. We will be watching how this trend progresses into June.

As a final note you should consider a Tucson market analysis by Zip code as the story can be quite different by area.

Some areas have significantly higher sales percentages by area for example 85730 has 129 Active Listings with 44 sales in May, and 85713 200 Active Listed and 41 sales.

This can affect the sales price and also the appraisal on the home.

As Tucson Real Estate Agents, we can perform a detailed analysis of Tucson Zip Codes for a detailed report for Buyers and Sellers in the Tucson area, or for those relocating to Tucson who are unfamiliar with the market.
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Although the Caribbean offers so much to all of it’s tourists, there are other countries in the world that can do the same thing, for cheaper. However what about the Asian countries? The Western world has a lot to learn about some areas like Sri Lanka or the Maldives?

Culture is very diverse here, not to mention completely different to that which we as westerners are used to.

When you think about it, you realise how different these countries are. Sri Lanka is quite well known for the wildlife that it has, The Flora and Fauna are very diverse.

Sri Lanka has much to offer those that won’t to experience an adventure, this place can give people an insight into their lives and to see what a beautiful country it really is. Sri Lanka holidays have been quite popular in the past, but not as much so as they are now. These holidays have now become members of the top 5 most wanted.

So will this holiday be able to reach the top of most sought after holidays, above Egypt? Egypt has much past and culture to offer everyone, it is just a case of whether or not the holiday experience is better?

So what about Maldives Holidays? Well these are a great contender to Caribbean holidays and Caribbean holidays. Maybe not because of the land that they hold, but because of the water that surrounds them. The Maldives doesn’t have much in the way of land, but it does have probably the clearest seas in the world.

These seas offer us as tourists the perfect diving capability, the whale sharks are a great tourist pull and the surrounding wildlife is great fun.

The popular holiday island of Lanzarote in the Canaries is home to three main resorts. As well as the emerging marina of Puerto Calero – where visitors will find two upmarket hotels and an abundance of expensive yachts and craft from around the world.

Each of these resorts has a unique identity and offers a number of different attractions. Whilst also offering plenty of accommodation options – with a variety of Lanzarote villas, apartments and hotels available for visitors to stay in.

So here is a sneak peak of a selection of holiday hotspots that offer a superb range of self catering Lanzarote apartments and villas.

Puerto del Carmen

Puerto del Carmen started life as La Ti

In the summer months there are large areas of America that suffer from searing heat and draining sun rays. Of course many people favor this over dull and miserable weather, but in the heat its sometimes difficult to enjoy yourself as you can get flustered. One of the best solutions is to find somewhere with some cool water and a fun atmosphere where you can bring your body temperature down a little. Below we look at three such places in more detail.

Newport Beach, California. This place is a huge favorite of Hollywood’s rich and famous and is one of the top places to be seen in the summer months. American holidays to Newport have seen a sharp increase in the last 5 years, partly due to the increased profile of the resort, but also because it now boasts some of the best shopping and restaurants in the whole country.

Key West, Florida.Arguably the best location in the Florida Keys, Key West has got everything from stunning scenery to amazing tropical reefs. You can take a lazy walk down the beach with a drink in hand, do some fishing on your very own hire boat, or explore the depths with just a snorkel and waterproof camera. If you want a bit more entertainment then head into town, where you’ll find street performers, artists and more bars serving refreshing drinks than almost any other USA holidays resort.

Schlitterbahn Water Park, Texas. If it’s hot and you’ve got kids, then chances are they won’t be satisfied hanging around drinking pina coladas all day, or maybe they will. What is more likely however is that they want to get into their swimming costumes and go shooting down water slides and divining into wave machines. This places frequently wins the accolade of ‘Best Waterpark in America’ and with 65-acres of fun, it’s easy to see why.

If you still can’t cool down enough however and you’re not enjoying summer, you can always go on Canada holidays instead, where the climate is a little fresher.