Archive for July, 2009

Another Price Reduction in Sabino Mountain

Thursday, July 30th, 2009

I noticed 4042 N Black Rock Drive dropped its price to 699K. This beautiful ridge-top, Monterey-built, semi-custom one-story home with 3,631 square feet was first
listed 203 days ago at 825K. It has fantastic high Catalina Mountain Views, a superb Cook’s Kitchen and is model-perfect.

This price -range has been especially difficult to sell. It is not so high that very wealthy people are attracted to it, yet the price is out of reach for most buyers.

Someone will get a good buy! Call me at 520-918-2410 or email me at Donna@DonnaAnderson.com if you may be interested in living in a gently lived in, 6 year old ridge-top home in coveted and gated Sabino Mountain.

Yet Another Sale for Sabino Mountain!

Monday, July 27th, 2009

On July 13th 4334 N Sunset Cliff Drive, a 2,904 square foot two-story Monterey-built home, closed escrow. The final sales price was $380,000. What a tremendous deal for the buyer. This home was model-perfect with such upgrades as cherry cabinets, ceramic floors, bay windows and more.

There is no doubt in mind that the bottom has been reached in Sabino Mountain in the non-custom homes.

Most of the Sabino Mountain present inventory is over-priced, and that is why these homes do not sell. However, there are a few for sale that are priced well. As mentioned before, Boulder Canyon has a gorgeous home priced a little over a million and there are 2 homes on Black Rock Drive that are all priced well. Another Pepper-Viner Home is priced very aggressively, but needs work. The other Sellers should reduce their prices or put their homes up for rent, or just take them off the market until the market improves.

Catalina Foothills Schools Open- Enrollment has Increased Sabino Mt Sales

Friday, July 10th, 2009

It is very fortunate that Sabino Mountain is located minutes from Canyon View Elementary and Esperero Middle School, and it is only a 15 minute drive to Catalina Foothills High School. Catalina Foothills-District 16 Schools rate as the best in the state and they have the highest test scores in Tucson. These schools are fairly new, have smaller class sizes than the norm and are located in spectacular Foothills settings. Until last year, the children at Sabino Mountain were forced to attend the Tucson United School District Schools and open enrollment was not an option. I believe the change in policy allowing for the open- enrollment to Catalina Foothills Schools has increased the attractiveness of our community, and therefore, has increased the number of sales in Sabino Mountain.

Catalina Foothills – District 16 administrators have made it clear it wants more students open-enrolled to increase its tax funding. Since many Sabino Mountain parents now open-enroll their children in Catalina Foothills schools, it is likely that it is easy to form car pools since Catalina Foothills Schools do not offer busing to our neighborhood. Additionally to serve working parents and to keep active kids busy, Catalina Foothills after-school programs are inexpensive and excellent.

No longer does Sabino Mountain have to take a back – seat to other Catalina Foothills neighborhoods due to it being districted for TUSD. This is great for all of us; the home values increased the day open-enrollment became possible a little over a year ago. It is no longer a secret; the word is out and most real estate agents that are well-versed pass this information on to their clients that have school-aged children.

Another Sold Home in Sabino Mountain

Monday, July 6th, 2009

It goes to show that reasonably priced homes are selling in Sabino Mountain. 4326 N Sunset Cliff Drive, a 2,074 square foot one-story Monterey-built home closed escrow the end of June for $323,500.

There are only a few more that are reasonably priced. I certainly hope that all of the homes listed for sale in Sabino Mountain that are over-priced either reduce the price of their homes or take them off the market. Many over-priced listings just bring the overall value of the homes of the community down. After all, it is a supply and demand issue and having too many homes on the market decreases the demand.

6 Sold and 2 Under Contract in Sabino Mountain During First Half of the Year

Thursday, July 2nd, 2009

Here are the 6 homes that have sold during the first half of the year:
$370,000 2,684 square ft, Monterey 2 story
$375,000 2,236 square ft, Pepper-Viner 1 story
$383,500 2,936 square ft, Monterey, 2 story (Short Sale)
$418,000 2,708 square ft, Pepper-Viner 2 story
$1,000,000 3,398 square ft, TRS custom-built, ridge-top home-builder’s home
$1,250,000 3,923 square ft, custom-built, ridge-top –home sold by me.

There are 2 under contract, both located on Sunset Cliff Dr., built by Monterey:
one list -priced at 335K that is a one-story 2,074 square foot home; the other is list- priced at a range price of 390-410K and is a two-story home that is 2,904 square feet. Final sales prices will be posted once they close escrow.

Several Ridge-top Sabino Mountain Homes for Sale have Expired

Thursday, July 2nd, 2009

There were two ridge-top homes on Quail Canyon that were priced at $1,299,000 and $1,335,000 that expired the end of June. The owners did not renew their listing contracts. This is good for Sabino Mountain! It is never good for a community to have too many homes for sale with most that are listed for sale at prices that are higher than fair market value.

For the first six months of the year the sales have been good at Sabino Mountain versus other Foothills communities, but with most that are now listed for sale being priced above the market, it is unlikely that many will sell for the rest of the year. Of course, there will be others who will decide to list their homes for sale in the future, and as long as they list their homes at fair market value, they will likely sell!

I still see a few for sale at fair market value and they can be found on Boulder Canyon and Black Rock Drive. There is one smaller Pepper-Viner home listed for sale on Saddle View that is priced well, but it needs work.

Another Sabino Mountain Home is Sold

Wednesday, July 1st, 2009

Yesterday 4192 N Sunset Cliff Drive closed escrow with a final sales price of $370,000. This model-perfect home is a Monterey, two-story home with 2,684 square feet. It has a delightful spa in the back and it was a former model that is filled with many luxurious upgrades. What a tremendous deal! The previous owners paid $525,000 in July 2006 near the peak of the market. A job transfer brought the Sellers back to Scottsdale where they figured the prices were even better there than here, so all and all, they made out. I am happy for them!! It is great when Sellers who lose out here, make a net gain someplace else!