Already in 2009 two families who already resided in Sabino Mountain purchased ridge-top homes on Sabino Mountain Drive. One buyer already owned two other houses in Sabino Mountain, and the other new owners had previously resided in a smaller home on N.Ocotillo Canyon.
Since Sabino Mountain opened many people have moved from a small house in Sabino Mountain to a larger, custom home.
It goes to show, once you live in beautiful Sabino Mountain, you love it so much, you can not leave our beautiful neighborhood.
There was a fall-through of a sale on 4326 N Sunset Cliff Drive that is back on the market and listed for 335K. This Monerey one-story home is 2,074 square feet. It is typical that one out of 12 homes fall-through.
Another ridge-top home came on the market at 4388 N Sabino Mountain Drive priced at $1,395,000. This 4,735 square foot home sold in 2005 for $920,000. This home only has a two-car garage which eliminates many buyers who are looking for a three- car garage. Typically we do not see such a dramatic price increase since the peak of the market in 2005.
It is likely prices are bottoming and the buyers recognize it and are out there writting contracts. Showings are picking up and the number of Pima County residential sales this year versus last year will be quite a bit higher. The average prices are down, however, by at least 10% in the Foothills. The good news is: if you list now at fair market value, your house will sell.
Sabino Mountain has fared well in the high-end sales; however, the non-custom homes have continued to drop in price each month. If you are buying another house that is larger in Tucson, or if you are moving to a neighboring community in the Phoenix area or in most areas of California, you will make out in the end and save by purchasing now. Phoenix and California sales prices dropped by much more than the Tucson Foothills and hence it is a good time to make the change. Many are buying second homes on the California coast and others who are unemployed are moving to Phoenix where there are greater employment opportunities. Tucson Foothills is gorgeous; the air is pure, the surrounding Sonoran Desert and the multi-mountain ranges are gorgeous; however, unless you work in the health-care industry, or work for Raytheon or the school systems, high-end jobs are limited, hence there has been a little exodus to Phoenix.
Give me a call at 918-2410 if I can help you. You all know my email address is Donna@DonnaAnderson.com.