Out of the 8,541 current active residential listings, 333 of them are Short Sales and 87 are Bank Owned or Foreclosure.
If you are interested in looking for a great buy, now is the time to buy Tucson real estate! Interest rates are at all time lows and the average sale price is down.
The Tucson MLS statistics for December 2008 shows the average sale price at $200,000.
In March 2006, when the average sales price in MLS was $281,000 and interest rates were 6.25% the monthly PI payment on a $281,000 loan would have been $1,730. Today with the average sales price of $200,000 and rates at 4.75% the monthly PI payment on $200,000 is $1,043. That's $687, a 40% difference!
As you can see......IT IS A GREAT TIME TO BUY REAL ESTATE IN TUCSON!
Call Julie Nellis with Long Realty, 520-918-3843 today to purchase your piece of sunny Tucson.
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