We get asked every week is it time to buy a home in the Tucson and surrounding areas of Oro Valley, Marana and Vail. We thought that we would give some insight into the current home sales statistics, the amount of homes for sale, and current real estate news that affects current home sales in the Tucson area.

Without a crystal ball it is very difficult to predict whether Tucson is actually at the bottom of the market. There are many factors that affect different aspects of the market including national economic news, and it is of note that some areas of the real estate market are performing better than others.

Undoubtedly the first time home buyer tax credit of $8,000 given by the current administration for sales recorded in November 2009, has helped with sales in the $100,000 and $200,000 prices range, together with a good amount of foreclosures and short sales in this price range in some areas of Tucson.

It has also been a while coming, but we are now seeing a decrease in pricing in the Tucson luxury home market, as builders, who had sat with spec homes notes became due, and homeowners who decided that they wanted to sell, reduced their home pricing. This has resulted in some activity in the market. Notably and recently, we have seen all but one of the Parade of Homes go back to the Bank. Bank of Oklahoma will probably sit on the investment until the market changes, so current news suggests. The new Ritz Carlton Resort in Marana is due to open in the Fall, and this will help bring the Luxury home buyer to the Tucson and Marana Real Estate market. There are however currently good deals to be had in the Tucson Luxury Home Market. We recently Listed and Sold a home that had originally been a Street of Dreams Home. It was advertised close to $2,000,000 and just sold for $1,250,000 It was the lowest priced sale in Stone Canyon, a Gated Luxury home Community in Oro Valley.

So if you are a Buyer then we feel that it is an excellent time to buy a home. Rates are on the rise, this may limit the Buyer's ability to get financing for the home of their dreams in the long run. However, even with the slight raise in interest rates to around 5.5% the rates are still very low for a fixed rate mortgage, and one can buy a nice Tucson az Homes with with either FHA, VA or Conventional Financing options.

Some areas of Tucson have actually seen a slight increase in price as they bottomed early with many investors defaulting from the boom of 2005, and now multiple offers have been made on the foreclosure properties in the area. Two of these areas are Continental Ranch and the other Rita Ranch. Both areas benefit from their popularity with employers from Raytheon and also Davis Monthan Air Force Base, stable job areas that have always been popular with employees because of their proximity to the freeway and the shopping conveniences that are present there.

According to recent Tucson MLS May Statistics, it shows that the Tucson Listing inventory continues to drop, closings actually went up about 60 units from April, pending sales were down 42 units from April, and the median home sales price has increased 3.72%.

Tucson is not seeing the dramatic drops of last year 2009. Over a six month period, we will be able to show a quantitative graph that measures inventory against new sales. The numbers have been drawing closer since January of this year, which some Economists suggest equals a trend. We will be watching how this trend progresses into June.

As a final note you should consider a Tucson market analysis by Zip code as the story can be quite different by area.

Some areas have significantly higher sales percentages by area for example 85730 has 129 Active Listings with 44 sales in May, and 85713 200 Active Listed and 41 sales.

This can affect the sales price and also the appraisal on the home.

As Tucson Real Estate Agents, we can perform a detailed analysis of Tucson Zip Codes for a detailed report for Buyers and Sellers in the Tucson area, or for those relocating to Tucson who are unfamiliar with the market.

Looking for Tucson Real Estate? Search the most comprehensive informational site for Tucson az Real Estate, Oro Valley, Vail real estate and Marana real estate! Don't miss our Featured Tucson Homes and be sure to search our free/no hassle Tucson MLS listings.

Tom Budniak: Mexico Real Estate Agent



Welcome to Mareazul at Grand Coral: luxury beach living redefined. With the best of vibrant city life just minutes away, this Mexican coastal setting of unspoiled beauty includes 300 stylish residences and every creature comfort a discerning voyager could envision, from beautifully landscaped gardens and first rate spas to restaurants and sporting facilities including seemingly endless pools that lead to the property's pristine white beach. The paradisiacal richness of the Yucatan envelops Mareazul with jungles, rivers, caverns and beaches that provide an inspiring landscape for discovery and renewal

Riviera Maya Mexico and Playa del Carmen has many excellent real estate investment oportunities like Beachfront Condos, Rental Villas, Apartments etc. If you have any questions, requests or need any advise regarding Mexico Real Estate, feel free to contact Tom Budniak of Playa Realty Executives for the best deals in Riviera Maya, Mexico. Their areas of operations include:

Mexico Real Estate
Puerto Vallarta Real Estate
Cancun Real Estate
Mexico Vacation Rentals
Playa del Carmen Real Estate
Mexico Real Estate
Playa del Carmen Real Estate
Cancun Mexico Bienes Raises

If you are looking for any property or you have any questions, just contact us. We will find it for you!

Have you ever thought about a second home in an area with a seaside view and warm weather? Many people plan of buying a second home in Mexico, after paying off the mortgage of their first home. Cancun, Mexico is one such place, that you may consider for buying a second home and with slowdown in the housing market, even prime locations are easily affordable and within the reach for anyone who has a stable job. And homes that are nearer to lakes, mountains and beaches are always a good investment. You can sell these homes with a good profit in future, when the market conditions are normal or at peak.

But before finalizing the deal, it would be good that you check out area around your property thoroughly, as many vacation destinations are marooned and lonely and hence quite depressing during the off season. If you want a home at a silent area then its fine, otherwise you need to make it sure that the property you are considering for buying is a bit lively even during the off peak season. If you plan to resell the property for making profit, then ensure that the area you are investing is attractive, has all amenities and facilities even during the off periods.

The common mistake often repeated by many is to invest on the cheapest property that is available in the market but these may not be a good investment. Your choice should be determined by what suits your requirement and budget. You should not ever buy something just because it sounds cheap. What may happened is that you might have to incur more on repairs, fixing leakages and other kind of maintenance costs to make a cheap property suitable and safe for you and your family. It is natural to be tempted by a better bargain, but be careful before buying any Property in Mexico that can later burn a hole in your pocket.

The important thing you should keep in mind, while buying Cancun Real Estate or Riviera Maya Real Estate is first that the home should have at least two baths and bedrooms that will suffice your family friends. And other reason is that most tourists look for two bedroom villas or residences. This will make your property much better resale option. Also, buying a property that is convenient from transport point of view, as homes at remote area might sound exciting but is not advisable from convenience and security point of view.

Hopefully, these few tips will help you when you go looking for your second home in Mexico.

Why not Mexico ? If you are thinking of safe and secure real estate investment options apart from U.S, then Mexico will the number one choice. One of the factors that make Mexico a safe destination for investment is market conditions that are very different from U.S. The other factor is the Mexico 's closeness with U.S, this proximity makes it easier to visit and hence investigate the property. The place is a hot favorite among many people as now one million US citizens are permanent residents of this beautiful tropical country. And according to well placed real estate industry experts, Mexico is believed to have a booming real estate market now.

Now around one million US citizens apart from many Canadians and Europeans are permanent residents of this tropical country. And it is believed that within the next few years the real estate market in Mexico will hike considerably. But, before you think of spending your money in Mexican Real Estate, you ought to follow some important tips on how to invest in Mexico.

The first thing you need to do is to inspect the location of the property. It would be advisable to stay, if you can manage few days from your busy schedule. For e.g., if it's Cancun, then give some time and check whether the place is suitable and comfortable for you. Check if the location suits your and your family's life style. In fact, you should visit the place not only in peak season but also during the time when foot-fall of tourists is considerably less.

If the home you are planning to buy is an old building, then it would be good to consult third party, in order to know that you are not paying more. Investigate a bit more. Ask around, consult your friends and knowledgeable people and judge if the property is worth the asking price. For first time investors, they can gain a lot from the people who have already invested in the country regarding real estate problems. Searching on internet also makes a good option, before you are thinking to invest on real estate Properties in Mexico.

And finally, expert advice is must. Investing in a different country may land you in some difficulties, so, someone who is well experienced in dealing with Mexican Government agencies is required. And you need to zero down on one person or a company who will assist you in real estate matters as there are many who can misguide you and hence can cause uncalled for trouble. Nowadays, many well known real estate companies and franchises have opened their office in Mexico, therefore a competent and trustworthy agent should not be too hard to find.

Hopefully, these few tips will help you in getting your dream home in Mexico.

MexicoSummer.com offers personalized assistance with Cancun Real Estate, Playa del Carmen Real Estate- in Mexico. The #1 Mexico Real Estate site offers a full range of Real Estate sevices for luxury vacation Villas, Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!

Mexico makes a good retirement state for many senior citizens, who prefer to stay at warm place. With illnesses like arthritis kicking in, elderly people like to think of places, where they can relax under the sun. So, those who are planning to invest in Mexican Real Estate, particularly retirement houses, the time is ripe. At this juncture prices of retirement properties in Mexico have gone down tremendously increasingly the Return on Investment.

Not all Mexico Real Estate can be considered to be a good investment for seniors; you can find many retirement homes and properties that are not well maintained. Besides, homes that require a low down payment may interest you, but in reality these homes may have several problems like pest infestation, leaky roof etc. So, first thing that you should consider while buying any sort of home is the location instead of price. You should seek answers to such questions, like the senior community that you are planning to invest in near to city downtown or other recreational centers? The means of transportation are easily accessible or not?

Apart from location, property also needs to checked properly, to see how the community is operated. There are good bargains in Mexico properties, but it may lead to situation where you are spending dollars but the house may not in livable condition or large amount of money will have to be spent on repairs and renovation. Do check the premises personally and ensure that there are plenty of activities for seniors. And again look-out for someone who has knowledge of architecture and some home improvement techniques to check the condition of the roofs, walls, electricity, water, drains and other important matters. Always remember that there are many homes for selection, so do not even settle for something that is not in good and proper condition.

There is considerable rise in the development of new retirement communities in Mexico. So, if you are not interested in old Mexico Real Estate, you can always check new ones being built. And since decline in the prices of home, you can find a better home in new communities in good bargain. But if you are not a senior with no plans of retiring, you can think of retirement homes a valuable investment. And with many Americans reaching their retirement age, you can always resell your property sooner or later. Regardless of the recent economic downturn, any property investment in Mexico should be seen in context of long term scenario. The prices may be low right now but will surely rebound in couple of years when the US economy comes out of recession. So make an intelligent choice and buy a Mexico Property for your secure future.

MexicoSummer.com offers personalized assistance with Puerto Vallarta, Cancun , Playa del Carmen Real Estate - in Mexico. The #1 Mexican Real Estate site offers a full range of Real Estate services for luxury vacation Villas, Condominiums in Mexico. If you are looking for any property in Mexico, just contact us. We will find it for you!

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If you have any questions, need advice you can count on or just want to discuss this further?Don't waste any more time; pick up the phone and call me now! I'm here to help!