In 2018 the FHA morgage loan limit has gone up to $294,515 and the conventional conforming and VA loan limit has gone up to $453,100.
What this means is more growth in the overall real estate market. The biggest result I think we will find in Sabino Mountain is that sellers will have an easier time selling their less expensive homes making it easier for them to afford the to move in to the more expensive homes in our neighborhood that are priced from the $300,000s and up. This also will likely bring faster appreciation of the home values.
2018 should bring a great year for real estate sales in Sabino Mountain. Our’s is one of the prettiest neighborhoods in the Catalina Foothills. The location being minutes from Sabino Canyon on the quiet side of the Foothills, plus that Rural Metro Fire Subscription being included in our property taxes makes our neighborhood especially attractive.
If you are thinking of selling your Sabino Mountain home or thinking of exploring the Pima County housing market call me at 520-615-2598 or email me at Donna@DonnaAnderson.com.