Market Update – Sabino Mountain

Interestingly enough 8 homes have sold in Sabino Mountain this year and there are 8 homes presently for sale. All but three are over-priced and one is a short sale and is priced aggressively. Unfortunately, short sales rarely make it to close of escrow. We have seen homes priced over one million drop off the market since this price-range is finally feeling the heat and has clearly depreciated in the past 7 months.

For those of you looking for a home priced right in Sabino Mountain, there are three: 4118 N Sunset Cliff Place priced at 449K, 4042 N Black Rock Drive priced at 699K and 4155 N Boulder Canyon Place listed at $1,050,000. The first two listings are listed at the Long Foothills Office (the office I am associated with) which sells more homes in Sabino Mountain than any other office.

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