Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tag » Real Estate Information
Jul 11, 2016
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JUST LISTED!

FOR SALE: LOVELY MID-TOWN ESTATE

In El Montevideo Historic District

De Soto exterior

 

3762 E CALLE DE SOTO

MLS# 21618760
3 Bedrooms, 3 baths, Mother-in-law quarters

Large 0.42 Acre corner lot, swimming pool

                                                                    $450,000

                                       51aff9d08399e.jpg

Presented by:  Patricia Paul Properties

                            Tucson, AZ 85748



Jan 06, 2015
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Here are the Tucson Residential Sales Statistics for December 2014:

Average List Price: $300,384 (Up 8.24% over last December)
Average Sales Price: $202,326 (Up 1.40% over last December)
Avg. Continuous Days On Market: 81 (Up 10.96% over last December)
# of Active Listings: 7,283
Absorption Rate: 6.09 (Number of month's worth of inventory)
Tucson's market recovery continues. Prices are slightly up, and though the number of listings has increased somewhat, our market is still stable (favoring neither buyer nor seller) with just over six months' worth of inventory. Homes are taking slightly longer on market to sell.

Please contact me if you'd like more information, or if I can help you with any real estate or rental needs.    520-548-2078


Jun 05, 2013
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Home prices in Arizona are definitely on the rise.  In fact, only two other states have home prices that had a higher increase.   Nevada was first among the states, followed by California in second place, and Arizona in third place.  To get the whole picture, read this article published by Arizona Daily Star.

 http://azstarnet.com/business/local/arizona-leads-on-improving-home-prices-mortgage-deliquencies/article_f75160f8-27fe-59b3-a475-5c94a991a4d0.html  

Just keep in mind that property taxes are based on the valuation of the home.   Recently people were complaining about the low values of their homes; but now that the values are rising, taxes most likely will, too. 

The increase in home prices means that a number of people may now have more equity in their homes.   Folks who need to sell now may not need to short sale their homes.  It's a great time to sell your home.  There are a lot of buyers out there, and the inventory is limited.  Homes that are priced right and marketed well are selling quickly.

If you'd like to discuss the possibility of selling your home, please call me.  

 

Patricia Paul, Broker, GRI ***  This e-mail address is being protected from spambots. You need JavaScript enabled to view it *** 520-548-2078

                                                                                                   


Apr 03, 2013
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By now I'm sure you've heard that home prices are improving.  But you might be surprised to hear that home prices have posted their highest jump in seven years!

 Check out the article by Inman News in its entirety:

 http://www.inman.com/news/2013/04/3/home-prices-post-highest-increase-in-nearly-7-years

If you've been waiting to sell your home, you might want to look into it sometime soon. 

For a free consultation and market analysis of your home, contact me.

 

Patricia Paul, Broker  **  Patricia Paul Properties  **  520-548-2078


Mar 04, 2013
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Beautiful New Listing!

12570 E. Arbor Vista Blvd.

 MLS# 21305929

$300,000

Beautiful 4 bedroom, 1-3/4 bathroom home

2,368 square feet

Extra large 0.8 acre lot

Sparkling swimming pool with waterfall

Fireplaces in living room and family rooms

** Seller is a licensed real estate agent in Arizona **

Note: This is a short sale, subject to lenders' approvals

For more information, please contact me.

 

Patricia Paul, Broker  ***  pat@Patricia Paul Properties.com  ***  520-548-2078


Feb 04, 2013
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It's true; every day you hear more and more about how our housing market is recovering.  It has been going on for the past year or more.  It's also been said by some that the housing industry is now the driving force behind the nation's economic recovery.

Now the new home builders are also ramping up their production to try to meet the demand.  Inventory is still fairly tight in the resale market.  With the increased demand for housing and with the still very-low interest rates, the industry expects this growth will continue.

Here's a thoughtful article from Inside Tucson Business, written by Roger Yohem on January 18, 2013 covering some of these topics.  There are some surprising statistics within.  To read the article, please click on the link below:

 

http://www.insidetucsonbusiness.com/construction_real_estate/housing-market-has-made-a-bona-fide-recovery/article_916331f4-60e6-11e2-bae0-0019bb2963f4.html

 

Patricia Paul, Broker  ***  Patricia Paul Properties  ***  520-548-2078


Jan 14, 2013
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 The housing market started its recovery right around the start of 2012 in most areas.  Some parts of the country, and certain cities have experienced more growth and increases than others.  You'll be surprised how well some areas are doing!    Here's an interesting online article written by Mamta Badkar for Business Insider Money Game, entitled:  "The 10 American Housing Markets That Made Tremendous Turnarounds in 2012".   

  http://www.businessinsider.com/top-10-turnaround-housing-markets-of-12-2013-1?op=1#ixzz2H2t9k3W1

 

Patricia Paul, Broker  *** This e-mail address is being protected from spambots. You need JavaScript enabled to view it '; document.write( '' ); document.write( addy_text58630 ); document.write( '<\/a>' ); //--> This e-mail address is being protected from spambots. You need JavaScript enabled to view it   ***  520-548-2078


Jan 04, 2013
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I recently read an article online from CNN Money, written by Chris Isidore that indicates that home prices have posted their biggest annual gains in two years.

The S & P/Case-Shiller index showed that prices rose 4.3% in October compared to last year.  That's the biggest improvement since the May 2010 homebuyers' tax credit.

They in part attribute this to record-low interest rates, lower unemployment, and fewer foreclosures.

Though not back to the pre-crash levels, the market is improving and prices increasing.

To read the article in its entirety, please click on the link below.

http://money.cnn.com/2012/12/26/real_estate/home-prices/index.html?source=linkedin&buffer_share=95a93

 

Patricia Paul, Broker  *** http://www.PatriciaPaulProperties.com  ***  520-548-2078

 

 


Dec 01, 2012
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You may be curious about who is buying homes these days. Or how they shop and arrive at the home they ultimately purchase. Well, the National Association of REALTORS keeps track of this information, and publishes it. Here are some of the highlights:

 

* 39% were first-time home buyers

* 65% were married couples

* 52% started the process online

* They searched for 12 weeks and viewed 10 homes

* 89% of buyers used a real estate agent or broker

* 88% of sellers used a real estate agent to sell their home

* 9% of sellers sold "FSBO" (For sale by owner)

 

Patricia Paul, Broker *** This e-mail address is being protected from spambots. You need JavaScript enabled to view it *** (520) 548-2078

 


Sep 30, 2011
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     Just when you think you've seen it all, you haven't!  Interest rates have somehow managed to decline to a new record level.  I saw an advertisment from a trusted lender today that is offering well qualified borrowers a 30 yr. fixed conventional mortgage at 4.0%, or a 15 yr. fixed conventional loan at 3.25%.  Who would have thought they could go so low?
 
     If you have a mortgage at a higher rate you might want to consider refinancing.  There are costs involved with refinancing, but your lender can help you determine if it makes sense for you.  Some factors in your decision might be:  How long you intend to keep the property, how much your monthly payment would decrease, etc.  You might want to start with the loan servicer who currently handles your mortgage, or if your home hasn't decreased too much in value, a financial institution or mortgage broker may be able to help you, too. 
 
     I am not a lender, but I can provide you with a list of some qualified lenders of high integrity who I have worked with in the past if you'd like.  Just contact me.
 
     If you are considering buying a home, it's certainly a great time to be doing so!  Not only are the rates incredibly low, but home prices are lower than they have been in many years!  If you'd like to talk about purchasing a home in Tucson, please call me!
 
Patricia Paul, GRI  ***  www.PatriciaPaulProperties.com  ***  (520) 548-2078   


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