A summary of the average sales price for the Tucson housing market.

Is Tucson experiencing a Housing Bubble?

During the past 6 years, home values in Tucson appreciated significantly. The average residential sale price increase from 2000 - 2006 was 53%. Home values have soared as the cost of borrowing to buy has plunged.

We are happy to report that for homeowners in Tucson the values have appreciated approximately 10 percent a year.

Real estate historically has been a great investment as buyers need a place to live. People have turned their investment dollars toward their home where they have controll over their investment. Our belief is that home values are not likely to plunge, even for the luxury home market. With the low interest rate sellers are able to ride out the market until the cycle turns upward again. If buyer’s will not pay. Sellers will not sell if they have a choice.

If you are in the market to buy then it’s time to make that purchase. We don’t see home values plunging. There is a nice selection of inventory right not. So please give us a call at 888-219-1024.

Please visit our website www.TucsonValley.com or email Kathy.

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