The Tucson luxury real estate market has seen its ups and downs just like the rest of the country over the past few years. Overall, the country’s housing market has been steadily improving and we seem to have successfully pulled ourselves out of the crisis we were in a few years ago. A growing number of people in the US are ready to purchase a new piece of high-end residential real estate, and Tucson is among one of the hottest luxury markets in the country today. Favourable location and prices makes Luxury Arizona Real Estate market a lucrative opportunity for buyers and sellers. Everyone wants to get his slice of profit by dealing in highly dynamic, active Arizona Luxury Real Estate.
So what’s in-store for the Tucson and Luxury Arizona Real Estate market in 2014? Let’s take a look.
According to a recent report, luxury active inventory in the Tucson area was up 21% year-over-year in January 2014. This means more people are listing Tucson luxury homes for sale than in the previous year, an indication that the market is strong and not likely to head back south anytime soon.
Additionally, the median price of sold luxury homes in Tucson in January 2014 was $1,154,500, up 34% from January 2013. This indicates that overall home values are on the rise. Also, mortgage rates are still fairly reasonable so if you’re in the market to buy or sell in the Tucson area right now it’s a great time to act.
Note: This report includes data for Tucson residential luxury real estate properties priced $800,000 and above. This might be slightly inaccurate for homes which are priced below the cut off value.
However, if none of the houses you’ve found so far have fit your fancy, you may want to consider some other options, such as estate homesites and custom homes. The Residences at The Ritz-Carlton, Dove Mountain is a luxury community that offers homeowners’ estate-sized custom homesites for those who prefer to build a luxury Tucson home. The custom estate homesites occupy some of the most picturesque real estate in Dove Mountain, with sweeping views of towering saguaros and breathtaking mountainsides. This is one of the reasons why prices in Arizona Luxury Real Estate and Tucson are spiraling northwards and the real estate market here has picked up far better than rest of nation.
One of the best parts of this luxury golf community is the fact that it is quietly nestled into the foothills of the Tortolita Mountains but still remains a short-drive to downtown Tucson, offering homeowners easy access to city amenities like shopping and dining. Also, homeowners at The Residences gain access to The Ritz-Carlton hotel and spa amenities as well as its concierge services to help with things like dry cleaning and yard maintenance. So all this makes living here a pleasurable experience.
If you are looking for deals in Arizona luxury real estate, look no further than http://theresidencesdovemountain.com/location/index.php for best deals in The Ritz-Carlton, Dove Mountain.