SWDesertHomes in Tucson, Marana, Oro Valley, Vail & More!: Where Have all the Buyers Gone?!

Where Have all the Buyers Gone?!

Where have all the buyers gone?!

Wow, just a few short months ago - homes were flying off the shelves and we were contacting homeowners in Red Rock trying to find homes for sale for our buyers. Market times were mostly under 30 days and small homes were snatched up with multiple offers.

Gladden Farms, San Lucas, Red Rock Homes for Sale

Current day: As of mid September, homes are sitting on the market much longer, averaging 53 days on the market for active listings. Despite being a community with school, splash water park, relatively new builds and easy access to I-10, values hover around $76 a square foot or $165,000 average list price.

End of March-June stats showed us 17 closings, 11 of which were on the market 23 days or less. Looking at July through today, there have been 11 sales, 5 of which were 23 days or less.

Gladden Farms, San Lucas, Red Rock Homes for Sale

Currently, only two resale are under contract, and both are short sales. What does that mean for today's buyer? Opportunity. Negotiation power. Home Purchase programs available such as Pathway to Purchase, USDA, and more.

Gladden Farms, San Lucas, Red Rock Homes for Sale

Contact me for more information on Red Rock Homes for sale, lender referrals, and neighborhood information for nearby Gladden Farms/Rancho Marana and San Lucas. Newer homes, great communities, easy access to I-10, affordability. Be a home-owner today (or within the next 60) :)

If I can assist you in your home buying or selling in Marana, Tucson, Oro Valley, or Vail, please don't hesitate to call me!  Email at swdeserthomes@aol.com

Cara Marcelle Mancuso, Long Realty,

520-909-2988   

Regarding the material posted in my blog postings, these are my personal opinions and not those of Long Realty Company. 

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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Comment balloon 3 commentsCara Marcelle Mancuso • September 19 2016 12:00PM

Comments

Cara, well this is an interesting post!  We still have a huge inventory shortage, and as someone who does a lot of work with buyers, I wouldn't mind seeing a bit of a shift.

Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) about 2 years ago

Same problem here. I really think buyers have given up and are waiting to see what happens after the election, or for the "bubble to burst".

Posted by Jane Peters, Connecting you to the L.A. real estate market (Home Jane Realty) about 2 years ago

I enjoyed you post this evening, glad I came across it in the archives. Good luck toward your next sale.

Posted by Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA (Winston Realty, Inc.) almost 2 years ago

Participate