Archive for May 2008

The High End Keeps Becoming More Popular!!

Just today another high-end Sabino Mountain home went under contract. A home in “The Retreat” that was listed for $2,595,000 is now under contract and as amazing as it may seem, this one had multiple offers just like the last two high- end homes that recently sold in Sabino Mountain. This underlines how popular Sabino Mountain is!

Keep in mind I have a home on 4134 N Boulder Canyon Place that is range priced from $800,000 - $850,000. It is absolutely model-perfect and has the ever-popular Outpost Great Room floorplan that attracts families and those who like to entertain. The outside boasts resort-style living with a sparking pebbletec pool with an in-ground cleaning system and a spa, a custom barbeque, and a kiva gas fireplace surrounded by a flagstone patio facing the pristine Sonoran Desert, the Santa Ritas and city lights.

Multiple Offers on Two Houses in Sabino Mountain

Both 4182 N Quail Canyon Drive (final sales price $1,449,000) and 4174 N Black Rock Drive (list price $1,795,000; final price unknown until close of escrow) had multiple offers. Wow! The market in the high-end in Sabino Mountain is doing great!

Recent Sales in Sabino Mountain

There are two houses that have sold in 2008: 4182 N Quail Canyon - sold for $1,449,000 and 4458 N Sabino Mountain Drive that sold for $938,000. Additionally the new home at 4175 N Black Rock Drive that is listed for $1,795,000 is also under contract. All these homes have been listed by my Long Foothills office. The Long Foothills office sells more real estate in Tucson than any other real estate office by leaps and bounds and sells many more homes in the Foothills than its real estate competitive offices. These stats show that the houses well over a million are selling high and selling fairly quickly. The home on Sabino Mountain Drive that just recently sold reveals the depreciation in homes under 1 million. This home has incredible views and in previous years would have sold for more than one million.

The tougher qualifications for jumbo loans has hurt the price range between $500,000 and one million hard. Every month the lending standards seem to get tighter. The people that purchase homes well over a million are somewhat unaffected; many pay cash.

Open House Sunday 1-4 May 4th at 4134 N Boulder Canyon Place

I hope you will take the time to visit my Open House this coming Sunday. This gently lived in one-story Outpost built home (range priced from 825K - 875K) has many nice features inside and out. Go to my website at the bottom of the page: www.DonnaAnderson.com to see photos, floorplan and the list of many upgrades. Hope to see you there! Call me at 603-8622 if you need the gate code!

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