Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tag » Arizona Real Estate News
Dec 19, 2009
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New Listing in Midvale Park! 

This is a great 3 bedroom, 2 bathroom home in Midvale Park.  Central A/C, 2-car garage, 1,154 square feet of living space.    Includes refrigerator, oven/stove, microwave, dishwasher, and disposal.   Laundry room with hook-ups.  Huge covered rear patio with enclosed back yard.  Ceiling fans, window coverings included.  This home is scheduled to be painted next week.

Great, convenient location!  Quick access to I-19!  Great shopping and restaurants nearby!  Close to so many major employers! 

All these amenities, and this home rents for only $895! 

Call today for your showing!

Patricia Paul, GRI *** www.PatriciaPaulProperties.com *** (520) 548-2078


Dec 11, 2009
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Please contact me if you'd like to receive a copy of Tucson's November Housing Report.  It's full of information and statistics.   Some of the statistics include months worth of inventory, number of listings and closings, median and average sale prices, price banded sales information, and months of inventory by zip code.

Did you know there is a big difference by the area of the city?  For example, in zip code 85714, there are only 2.6 months worth of inventory.  But in zip code 85749, there are 12.4 months worth.  Homeowners wanting to sell their homes in those areas will have different experiences because of that.

It's no surprise that the most number of homes that sold were in the $150,000 - $175,000 price range.  There were 567 listings in that range, and in October 135 sold and closed.  Next, in the $125,000 - $150,000 range, there were 594 listings, and in October 132 of them sold.  In the $100,000 - $125,000 range, 111 of the 389 listings sold. 

Now might not be the best time to be selling your $1,000,000+ home;  in October, only 3 out of 292 listings sold.  But, it is a great time if you're looking for a bargain to purchase!

Please let me know if I can help you with any of your real estate needs.  

Patricia Paul, GRI *** www.PatriciaPaulProperties.com *** (520) 548-2078


Oct 25, 2009
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There has been a huge increase in the number of Tucson properties going under contract in past several weeks (1,317 properties in the last four weeks).   Some of this might be attributed to first time home buyers rushing to get in under the tax credit deadline.

There are also a lot fewer home on the market right now (active inventory):  A 23% decrease in inventory in September 2009 compared to September 2008.

With the market showing signs of improvement for the last several months, now might be a good time to put your property on the market, if you've been thinking about it.

Call me if you'd like to discuss the possibility of selling or buying.   I'd be happy to meet with you and answer any of your questions.

For more details, visit:   http://azhousingstats.longrealtyblogs.com

Patricia Paul, GRI ** www.PatriciaPaulProperties.com ** (520) 548-2078


Oct 08, 2009
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Calling all first-time home buyers and those who haven't owned a home for at least three years.  Time has almost run out for you to qualify for this great program.   If you buy a home and qualify, you must close on the sale no later than November 30, 2009.  Keep in mind that it takes time to shop and select the home you want to purchase, takes more time to get the loan accomplished, and takes time for the home to close escrow.    Most escrows take a minimum of 30 days to close.  

 If you have any hopes of taking advantage of the $8,000 credit you should start shopping right now! 

 Of course, if you'd like to shop for a home, I'd love to help you!  I enjoy working with first-time home buyers, and have the time and patience to thoroughly explain the process and make it fun and exciting.

 Please call me!

Patricia Paul, GRI ** www.PatriciaPaulProperties.com ** (520) 548-2078

 


Aug 26, 2009
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Interest rates on conventional 30-year mortgages with fixed rates have decreased this week.   Today they averaged 5.14%.  Last year at this time they averaged 6.47%.

This is yet another reason why now is a great time to purchase a home.   Don't forget, if you're a first-time home buyer, or haven't owned a home for the last three years, you may qualify for up to a $8,000 tax credit if you purchase and close on your home by November 30, 2009.   This process can take 30 - 60 days.   Let me know if you'd like more information.

 These lower rates mean that your monthly payment will either be slightly lower, or you may qualify for a larger loan amount.  Whatever you do, be sensible and consider all the ramifications.

If you'd like to speak to a good lender to see about qualifying for a new mortgage, or refinancing your existing one, let me know.  I can provide you with a list of professional, friendly and ethical lenders who you can contact.

As always, I would love to help you with all your real estate needs!

 

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com  *  (520) 548-2078


Aug 25, 2009
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The folks over at HousingPredictor.com published a list today of the 10 Hottest Buyers Markets, and Tucson made the list, coming in at #10.   The markets that made the list supposedly "hold the promise of prosperity in the near future."    These cities "are the most likely to experience housing inflation over the next few years." 

To read the entire article, click on the link below:

 http://www.housingpredictor.com/hot.html

This is good news to anyone who currently owns a home in or around Tucson, or anyone who is thinking about buying a home now.

For those of you who have been on the fence, and unsure if you should take the plunge:  Now's the time to do it.  Home sales in the nation have been rising for the past four months now.  Home prices were up again last quarter.   I think we've turned the corner.

Tucson has been receiving a lot of national attention in the last month or so, coming in first on Business Week's list of America's Best Affordable Places to Retire.    And AARP just named Tucson #1 as the Best Place to Live the Simple Life.  Tucson's future looks bright!

If I can help you either buy or sell a home, please contact me.  I'd love to work with you!

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com  *  (520) 548-2078

 

 


Aug 23, 2009
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In a recent article in Business Week, written by Prashant Gopal, Tucson is first on the list of America's Best Affordable Places to Retire.  It cites not only is it a beautiful place to live, but the new levels of home affordability make Tucson even more attactive as a retirement destination.

 To read the whole article, click on the link below:

http://images.businessweek.com/ss/09/07/0702_affordable_places_to_retire/index.htm

 

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com  *  (520) 548-2078

 

 

 


Aug 21, 2009
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In the new September & October issue of the AARP Magazine, our fair town of Tucson was named #1 on the list of best places to live the simple life.

Their top 5 cities were:

1.   Tucson, AZ

2.   Greenville, SC

3.   Montpelier, VT

4.   Logan, UT

5.   Ames, IA

To read the complete article, click the attached link:

http://www.aarpmagazine.org/lifestyle/the_simple_life.html

 

 

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com  *  (520) 548-2078


Aug 21, 2009
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 Please join me at my open house this Sunday, August 23 from 1:00 - 4:00

 Address:       3940 W Oklahoma

 Details:  Beautiful 5 acre mountain view lot with an existing guesthouse.       

 Directions:       From Irvington & Mission, go west on Irvington to Soledad

                               Go north on Soledad, which becomes Oklahoma

                               Look for the signs!

 

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com  * (520) 548-2078


Aug 21, 2009
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For the past few years people have been asking me when will be the best time to buy a home.  They want to know when the market will hit bottom.  Of course, there are a lot of factors involved, as well your own unique needs.   Funny thing is, by the time you realize it's hit bottom, the market's already on it's way up.  And though no one can predict with certainty what the future holds, there are certain undeniable signs that now is a great time to buy:

  • Home prices are lowest they've been for years
  • Interest rates at near historical low rates
  • There's lots of inventory available to choose from
  • Sales activity has consistently increased month-over-month, as well as compared to same time last year
  • Sellers are willing to make buyer concessions (Often they'll pay the buyer's closing costs or make other valuable contributions)
  • Government tax credit of up to $8,000 to qualifying first-time home buyers (The sale must be finalized before December 1, 2009)
  • Signs of recovery in financial markets and economy

If you'd like to receive some more detailed information about the Tucson housing market, just let me know.  I have lots of interesting statistics I'd be happy to send your way.

I work with both buyers and sellers, and would be happy to help you with any of your real estate needs.

 

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com * (520) 548-2078

 

 

 


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