Tucson-area home prices edged slightly downward last month compared with May.
The median sale price for June was $126,000, according to the Tucson Association of Realtors Multiple Listing Service. That’s less than 1 percent lower than May’s median sale price, but 15.7 percent lower than the median sale price of $149,450 during June 2010.
“While I am disappointed to hear that the planned development project at 5220 Wisconsin Avenue Northwest in Ward 3 has been put up for sale before the project was completed, I am heartened to hear that there is a strong likelihood that the planned development, a green building with retail and residential space, will still be built by a potential new owner,” Councilwoman Mary Cheh, D-Ward 3, said in a statement.
“I will be closely monitoring this situation for future developments,” Cheh continued, “and I hope that a new owner will choose to move forward with few to no changes to the existing plan.”
The seven-story Akridge project, a mixed-use high rise of 65 residential units and more than 13,000 square feet of retail feeding into the Friendship Heights Metro station, spurred petitions and protests before it finally earned its planned unit development approval from the D.C.
It dawned on me recently that I’ve been writing this column going on a dozen years and I’ve never once during that span acknowledged my French Canadian heritage nor given a shout-out to all the hard-working Quebec Realtors. Bonjour, mes amis!
Sadly, despite repeated traditional attempts at learning the language, my high school French just never took. Upon more honest recollection, that could have been because I didn’t really pay much attention.
I do remember that one morning in class we were each asked to announce what we had for breakfast that day, in French. I cam
June home sales in the Valley hit a record high, topping 11,000 or more than the region has seen in a decade.
June home sales in the Phoenix metro area surged to 11,125 units sold, the highest number of transactions in a decade, according to a new report released by the Arizona Regional Multiple Listing Service Inc. Arizona Regional Multiple Listing Service Inc. Latest from The Business Journals W. Valley realty organization opens larger office in PeoriaMarch home sales in Phoenix area the most in 66 monthsOnline brokerage thrusts real estate into virtual world Follow this company
The June number even eclipses the sales figures during the 2005 housing boom.
Now is a great time to buy a home, according to Jason Walker, a loan officer with Union National Mortgage Co., in Lee’s Summit. Union National Mortgage is the preferred lender for Rausch Coleman Homes.
“Some people are thinking, ‘Didn’t I just hear the opposite of that?’ ” Walker said. “But with some of the lowest rates in history and housing prices at an all-time low, the current market has created an incredible opportunity for you to buy a home. Isn’t the best time to get in on an investment at the ground level — before appreciation peaks?”
Union National Mortgage Co.
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