There are so many great Real Estate deals around Tucson, that the main difficulty for the Buyers is to choose which one to accept. I will feature many luxury short sales and foreclosures I come across, but for now – let’s read what one of the Builders offers in the desired Catalina Foothills area.
AF STERLING – PALOMA RIDGE from only $429,900 (New Construction).
OFFER (until April 30, 2009):
- No Principal,
- No Interest,
- Np Taxes,
- No Insurance,
FOR SIX MONTH!!!
Conventional Loan – 20% Minimum Down.
The community is located on the North side of Sunrise in between Campbell and Swan, next to La Paloma Golf Course. It is gated with community pool; 2, 3 & 4-bedroom models; single & two story designs; custom features throughout & Energy Star® rated with 2″x6″ construction.
To my taste, the houses are too close to each other, but you know what… not everyone can afford the privacy of the Catalina Foothills’ established neighborhoods. Meanwhile, houses are New, 1808-3091 sq. ft., with gorgeous Mountain views and only a few minutes away from premier Million+ dollars neighborhoods: Pima Canyon, Sin Vacas, Cobblestone, La Paloma…
Way to go, AF Sterling – make an offer Buyers can’t refuse.
“Villas at Sabino Canyon” are for sale again!
Less than a year ago I wrote about 40-luxury-condo (Villas at Sabino Canyon) Public Home Auction that took place on May 10, 2008.
Now, mark your calendars: 58 Condominiums in Tucson, Arizona will be auctioned on Tuesday, April 28, 2009 at 6:00 PM by J.P.King Auction Company.
Located in the Catalina Foothills of Tucson, Arizona “Villas at Sabino Canyon” is offering 58 luxury condominiums at the new Auction, with 16 selling absolute.
Many of these luxury condo units are currently rented, offering excellent investment or income producing opportunity. Do your math in advance or get a consultation with your Tax / Financial adviser. You have a chance to get these luxury condominiums at 50% or more discount (versus 2007 prices in the same community). My estimate is based on the 2008 Public Home Auction results, when many Condos were sold in $122,500 – $145,000 price range.
Villas at Sabino Canyon
58 Condominiums; 16 Selling Absolute
Located at 7255 E. Snyder Rd. Tucson, AZ 85750
- 2 and 3 bedroom floorplans
- Unique views of the Catalina Mountain Range
- Exceptional amenities include:
- Gated community with private individual entries
- Covered parking
- Pool and spa
- Beautiful landscaping
- Convenient location close to new upscale shopping centers, restaurants and golf.
- tile flooring,
– custom cabinetry,
– granite countertops,
– and more.
To explore this opportunity further – give me a call at (520)370-0700 Anjelina. I’d be happy to give you more details and share my experience and knowledge.
If you believe that Tucson Real Estate market is going to take off now or in the near future and you want to participate in the upside, it might be a very reasonable investment. After all, with a natural setting and relaxing environment, just a few minutes away from Sabino Canyon, “Villas at Sabino Canyon” is one of Tucson’s only luxury condominium developments that is offered its Condos through the Public Home Auction.
To be more precise, Tucson Real Estate Market started its recovery in the middle of March of 2009 and continues to do so in April. However, I am not going to tell you that the worst is over.
For many homeowners it is not over yet and might take quite a while for getting out of the woods. The reason is very simple. A lot of Tucson homes are changing hands in the short sale or foreclosure situation. Buyers are searching for the homes with built in equity and buying them way below the previous sales price. This means that many of the homes sold in March – April of 2009 are sold with 20% – 50% discount. This in turn affects any future sales in the area, due to the lower appraised value of the neighboring homes.
Still, the change is welcomed, as it takes some inventory off the market and encourages more buyers to leave sidelines and submit offers.
Even luxury market is picking up and I am getting busier every hour. Out-of-state Buyers, as well as locals search my website: http://foothillsinsider.com/ for Luxury Tucson homes for sale and http://foothillsinsider.com/tucson-foreclosures-short-sales/ for foreclosures and short sales in Tucson.
My last post about Tucson Real Estate was quite a long time ago. Yet, I had an important reason to spend my time and energy elsewhere – my daughter Ariela was born in November of 2008.
Ariela, born in Tucson, Arizona. November, 2008
I feel extremely lucky to have a wonderful husband and 3 adorable kids. Both boys love their little sister and I and Lawrence, of course, love all of them.
Boys love to exercise. (Left to right or top to bottom: Connor, Brian & Lawrence).
Once in a while, I and Lawrence escape to Sabino Canyon. We enjoy outdoor activities.
Filed under Foothills Insider News, Tucson News by 
Today is December 17th, 2008.
Yesterday, Fed has cut key interest rate to record low: zero to 0.25%.
One would think that there would be plenty of money for banks to issue new loans with low interest rates. That’s not exactly so, at least for now. As a Real Estate agent in Tucson, Arizona, I am talking weekly, if not daily to the lenders and mortgage consultants. Even though mortgage rates for conforming loans have moved significantly lower, it is now much harder for the Buyers to qualify for those loans. In addition to it, the rates didn’t move down as much as one would expect – the spread between Fed rates and mortgage rates is getting wider & wider. In other words, banks are keeping the difference, without passing the savings on to the Buyers. Same, if not worse applies to the non-conforming loans. For example, Jumbo mortgage rate is now almost 2% higher than it was at the end of 2005 – 8% vs. 6.375%, even though Federal Funds Target Rate moved down from 4.25% to almost 0%.
With this in mind, if you are planning to buy a house and HAVE the means to do so, do it wisely. It’s definitely a great time for bargaining the price and there are plenty of other things that can add value to your purchase.
If you need an advice on Buying or Selling home in Tucson, AZ, please visit http://www.FoothillsInsider.com. I specialize in the luxury residential real estate in the Catalina Foothills and North, NE, NW & E areas of Tucson.
Surprise, surprise, but I am not moving with Long Realty’s Foothills office to the new location. Instead, I decided to switch companies & relocate my business to the Ventana Village office of Realty Executives Southern Arizona.
There is a great business rule – when one becomes too content and comfortable – it is time to move on and change. Usually, it is a difficult decision to make. This time around, however, it was an easy one for me.
Being in Real Estate for over 4 years and going through the Real Estate bubble and its burst, I’ve seen and experienced a lot. My clients & I have discovered that my financial background is immensely useful in understanding market conditions, dealing with the challenges and finding the opportunities. More and more often I assume the role of a Real Estate advisor, rather than just an agent.
As such, moving to Realty Executives – a company that fosters independence, flexibility and executive-type thinking is a great way for me to serve my clients better.
Just in case you have not heard and just in case you are going to be traveling in the direction of I-10 and I-19 in Tucson, AZ, there is some significant closing information you need to factor into your awareness.
Here is the summary (click on image to open .pdf):
On August 21st starting at 10 pm until August 25th at 5 am there will be an interstate closure in Tucson, AZ that will move all traffic between St. Mary’s Road and 29th Street to the east side of the freeway in order to begin reconstruction on the Westside. Motorists will be detoured to the frontage roads during the closure.
On August 19th starting at 10 pm through August 25th at 5 am, the ramp from northbound I-19 to westbound I-10 in Tucson, AZ is scheduled to be closed. I-19 traffic will be detoured to the westbound I-10 frontage road.
Filed under Tucson Construction, Tucson News by
Long Realty is renting a new place in a brand new construction for its flagship Foothills Office.
Up until now, Foothills Office of Long Realty was located in a one-story unimpressive building in the local shopping plaza on NW corner of Sunrise and Swan:
Long Realty Company – Foothills
5683 N. Swan Rd.
Tucson, AZ 85718
Tel: (520) 299-2201
Fax: (520) 529-1548
On September 8, 2008 it is scheduled to occupy prime Foothills real estate in a brand new building at:
Long Realty Company – Foothills
4051 E Sunrise Dr., Suite 101
Tucson, AZ 85718
Tel: (520) 299-2201
Fax: (520) 529-1548
Consequently, Anjelina Belakovskaia’s Foothills Insider new contact information will be:
Foothills Insider – Tucson Luxury Real Estate & Homes for Sale
4051 E Sunrise Dr., Suite 101
Tucson, AZ 85718
Tel: (520) 370-0700
Fax: (520) 838-8080
Anjelina@FoothillsInsider.com
www.FoothillsInsider.com
Filed under Catalina Foothills Real Estate, Foothills Insider News, Long Realty by
The Real Estate agencies found a new game in a tough market – pilfering agents from other companies. The game is popular and each real estate agency uses its own strategy to succeed.
Re/Max is using a video campaign “Reach For The Sky” & “RE/MAX 365″ that comes via e-mail and also can be seen on YouTube. (I didn’t count how many e-mails I got, but it was definitely more than two).
Coldwell Banker brokers call agents from other real estate companies directly, trying to setup appointments (I personally got two calls so far, other agents told me about similar calls).
A number of other real estate agencies use an old, trusted method – sending promotional flyers by mail.
Long Realty went even further – trying to minimize cost of the campaign and save on video production, mailing costs and phone calls – Long Realty is recruiting its own agents to look for the new “labor force”. During the usual Long Realty Foothills Tuesday meeting, the Branch Manager suggested thinking of all the Tucson real estate agents from other companies that we would want to invite to the new Foothills office. To make sure we don’t miss any valuable agent from Coldwell Banker, Re/Max, Realty Executives and other Tucson real estate agencies, we are going to get printouts with the names of all the agents we have ever dealt with.
What an idea!
Filed under Catalina Foothills Real Estate, Foothills Insider News, Long Realty, Tucson Real Estate by
Of course this question might not be applicable to the large group of investors already burnt by the US real estate.
Still, there are probably plenty of people who has visited Rocky Point (Puerto Peñasco, Sonora) and other beach areas on the Sea of Cortez and fell in love with it. I know we did. I and my husband rented a condo for a few days in the “Las Palmas” beachfront resort in Rocky Point – http://www.laspalmas-mex.com/ back in March of 2006.
Puerto Peñasco (Rocky Point), Condos and Hotels
Our short vacation was awesome and it was nice to be able to reach Mexican paradise in mere 3.5 hours of driving from the desert of Tucson, Arizona.
Las Palmas Condo, Rocky Point (Puerto Peñasco), Sonora, Mexico
Soon after our arrival, sitting on the Condo’s balcony and enjoying the magnificent view of the Sea of Cortez, we started to discuss a possibility of owning one of those Puerto Peñasco Beach Condos. Next day, exploring the downtown of Rocky Point, we stopped by the Long Realty’s Rocky Point office. There were plenty of properties available for sale, but quite away from where we were staying. Many for sale homes and condos were a brand new projects, still in the development phase. Being aware of some issues with Mexican projects and their possibility to be stuck in those phases forever, we were more inclined to invest in the currently existing property.
Back at Las Palmas, we discovered that a few Condos were for sale, but 2BR/2BA were priced well above $400,000 – a ridiculous amount, compared to the prices of Luxury Condos in Tucson – barely touching $200,000 in the midst of housing market boom. In addition, hearing the story of Las Palmas Casitas (3-4BR homes) appreciating over 100% in the past 2 years (from original $600K+ to $1.3MM+) , we realized that it was simply too late to pour money into this market.
As such, we spent more time on the beach and in the restaurants, enjoying wonderful weather and delicious culinary creations.
“The Reef” restaurant in Puerto Peñasco (Rocky Point), Sonora, Mexico.
…
In July of 2008, browsing through the real estate articles in the Arizona Daily Star, I saw a headline that caught my attention: “Investors left holding sand as condo deals falter, go bad in Sonora” written By Gabriela Rico, Tucson, Arizona | Published: 03.09.2008.
If the question in this post title has anything to do with your future plans, I’d suggest to go through the trouble of registering with Arizona Daily Star and read this article, otherwise you might end up burying your money in the beautiful Sonoran sand.
Filed under Catalina Foothills Real Estate, Foothills Insider News, Luxury Life Style, Tucson News by
