If you are in the market to buy or sell Tucson Luxury Real Estate, it’s important for you to understand how the real estate market is currently performing as a whole at a national level.
Across the nation, home sales activity was at an annual pace of 4.6 million with a median home price of $198,000. Home prices are up 5.4% from last month and 7.7% from last year. The average national rate on a 30-year fixed-rate loan increased slightly to 4.33%.
Now, we can look at Tucson luxury real estate specifically. According to a recent local real estate report, in the Tucson Luxury area, April 2014 active inventory was 297, a 27% increase from April 2013. There were 9 closings in April 2014, a 10% decrease from April 2013.
Additionally, months of Inventory was 27.7, up from 23.3 in April 2013. Median price of sold homes was $965,000 for the month of April 2014, down 14% from April 2013. The Tucson Luxury area had 15 new properties under contract in April 2014, down 42% from April 2013.
Are you looking for tips on the best ways to sell your home? According to recent research, spending an average of $250 on staging a $250,000 house can result in a sold-price of almost 2% higher, which is a return-on-investment of over $3,000. Since only 1 out of 3 home sellers stage their house, the other 2 are leaving money on the table. To learn more about what staging your house can do for you, talk to your real estate professional.
For those of you looking for tips and tricks on how to find the best Arizona Luxury Real Estate to buy, we have some pointers for you. First, check with your agent and ask them if they know of any homes that are about to hit the market. Perhaps they have heard through colleagues and other clients. This can be a great way to find luxury properties and get a step ahead of the game. It is important to make profits or wise investment, you have to take early advantage gain or else you might be sobering about ruined chances.
Next, spend some time visiting each of the luxury neighborhoods in Tucson, such as Dove Mountain and Catalina Foothills. Check out the restaurants, shopping, and other attractions in the area to get a feel for what you like best. Then check the websites for the different gated communities within those neighborhoods to get more information on houses and prices. This will allow you know more about that area and you would be in better position to make a decision.
For example, The Residences at The Ritz-Carlton Dove Mountain is one of the best luxury communities in Tucson. There are some homes for re-sale in this gated neighborhood, and there are also options for buyers to purchase estate homesites and new custom homes. For more information, visit http://theresidencesdovemountain.com/.
Finally, always have your future home inspected by a professional to ensure it does not have any issues in the foundation or anywhere else. Happy house hunting!
Get best opportunities and latest deals in Arizona Luxury Real Estate at http://theresidencesdovemountain.com/location/index.php.